Funding you earn now, next payment 07:00 UTC−0.2095%/8h= −229.4% APRnext payment −$2.62 per $10,000 · paid last 24h −0.340%
Price spread now: Bulk against ApeX Omni−0.275%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$310.311% of the position
Funding, last 4 days (all we have)−0.391%−$39 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.275%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and Bulk is 0.143% cheaper against ApeX Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.391% in total (about -38.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TAOUSDT | 320.35 | 0.0100 | pay 0.0013% / 1h | 29m 29s | $45K | $259K | 50x |
| Short | Bulk TAO-USD | 319.47 | −0.1995 | pay 0.0249% / 1h | 29m 29s | $170K | $333 | 10x |
ApeX Omni TAOUSDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$439.91
- Price spread: −0.275% → −0.132%
- −$14.28
- Slippage, 4 orders
- −$14.05
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$485.25
- Costs to cover
- 0.311%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 12 min ago; Bulk: live order book, 14 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 12 min ago | 4.38 bp | 11.4 bp −$11 | 119.4 bp −$1,194 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 14 min ago | 0.16 bp | 3.7 bp −$4 | 4.6 bp −$46 | 6.0 bp −$601 | 11.5 bp −$5,743 |
TAO on 43 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDshort | −0.1995% | 1h | 319.47 | −0.275% | $170K | $333 | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.381% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.23 | −0.351% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.09 | −0.081% | $42K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.00 | −0.109% | $26.7M | $129.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.80 | −0.172% | $14.3M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.89 | −0.144% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.24 | −0.346% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 320.35 | long leg | $45K | $259K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.94 | −0.128% | $96K | $1.2M | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.16 | −0.371% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.05 | −0.406% | $118K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.87 | −0.150% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0149% | 1h | 319.56 | −0.247% | $427K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 320.01 | −0.105% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0122% | 4h | 319.82 | −0.165% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | −0.167% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 320.03 | −0.100% | $105.8M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0170% | 4h | 320.08 | −0.084% | $92.7M | $529.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 320.09 | −0.081% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0315% | 4h | 320.13 | −0.069% | $3.3M | $8.1M | 50x | as long as short |
| Bybit TAOUSDT | +0.0325% | 4h | 320.15 | −0.062% | $70.1M | $156.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0333% | 4h | 320.14 | −0.066% | $1.3M | $10.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0350% | 4h | 320.09 | −0.081% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0389% | 1h | 319.87 | −0.150% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | −0.242% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0409% | 4h | 319.67 | −0.212% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 320.00 | −0.111% | $916K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 320.07 | −0.088% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | −0.094% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0551% | 1h | 319.98 | −0.116% | $799K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.359% | $318K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0627% | 1h | 319.85 | −0.156% | $94.5M | $110.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 320.34 | −0.003% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.31 | −0.012% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.63 | −0.226% | $368 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0698% | 1h | 319.75 | −0.187% | $298K | $905K | 10x | as long as short |
| Lighter TAO | +0.0768% | 1h | 319.97 | −0.119% | $1.5M | $6.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0883% | 1h | 319.84 | −0.161% | $16K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.86 | −0.153% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.41 | −0.293% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1154% | 1h | 319.95 | −0.125% | $6.0M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.965% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Bybit TAOUSDT
Aster TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP