Funding you earn now, next payment 20:00 UTC+0.0836%/8h= +91.5% APRnext payment +$1.05 per $10,000 · paid last 24h +0.193%
Price spread now: Coinbase International against ApeX Omni+0.458%75s7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days+0.467%+$47 on $10k
+Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.458%, 7d avg +0.154%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.304% dearer against ApeX Omni than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.154%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.467% in total (about 24.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 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 | 312.28 | 0.0100 | pay 0.0013% / 1h | 31m 49s | $48K | $268K | 50x |
| Short | Coinbase International TAO-PERP-INTX | 313.71 | 0.0936 | get 0.0117% / 1h | 31m 49s | $1.5M | $5.4M | 50x |
ApeX Omni TAOUSDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $175.56
- Price spread: +0.458% → +0.154%
- $30.43
- Slippage, 4 orders
- −$33.76
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $152.23
- Costs to cover
- 0.538%
- Break-even
- 0.9 days
Slippage from ApeX Omni: live order book, 15 min ago; Coinbase International: live order book, 3 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, 15 min ago | 6.41 bp | 13.7 bp −$14 | 131.1 bp −$1,311 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.85 bp | 13.6 bp −$14 | 14.7 bp −$147 | doesn't fit | doesn't fit |
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-USD | −1.0220% | 1h | 313.13 | +0.273% | $209K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.78 | +0.480% | $132K | $95K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 313.02 | +0.238% | $27K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.31 | +0.330% | $36K | $507K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.14 | +0.594% | $365K | $396K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.82 | +0.493% | $88.9M | $381.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.53 | +0.721% | $60.4M | $112.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.50 | +0.711% | $25.8M | $89.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 313.84 | +0.500% | $141K | $585K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.70 | +0.455% | $12.4M | $47.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 314.26 | +0.634% | $106.4M | $115.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.02 | +0.557% | $20.2M | $24.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.69 | +0.452% | $35.3M | $42.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.84 | +0.500% | — | $29.9M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 313.60 | +0.423% | $3.5M | $6.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.30 | +0.006% | $40K | $274K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.48 | +0.384% | $551K | $933K | 10x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 312.28 | long leg | $48K | $268K | 50x | |
| Bullet TAO-USD | +0.0100% | 1h | 313.15 | +0.279% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.28 | +0.320% | $60K | $277K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.55 | +0.407% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.26 | +0.634% | $125K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.12 | +0.589% | $3.3M | $7.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.34 | +0.339% | $90K | $636K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.74 | +0.469% | $172K | $998 | 3x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0119% | 1h | 313.38 | +0.351% | $17K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 313.44 | +0.371% | $896 | $378K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0195% | 8h | 314.32 | +0.653% | $15K | $992 | 10x | as long as short |
| Aster TAOUSDT | +0.0213% | 4h | 314.16 | +0.603% | $1.7M | $7.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.14 | +0.596% | $4.3M | $9.4M | 100x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 313.20 | +0.295% | $332K | $326K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0392% | 1h | 314.14 | +0.594% | $6.3M | $17.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0490% / S −0.0188% | 1h | 312.93 | +0.207% | $463K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0576% | 1h | 314.81 | +0.810% | $403K | $555K | 10x | as long as short |
| Extended TAO-USD | +0.0584% | 1h | 314.01 | +0.554% | $937K | $1.8M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 313.84 | +0.500% | $3K | $4K | 5x | as long as short |
| RISEx TAO/USDC | +0.0688% | 1h | 313.54 | +0.403% | $411K | $526K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 313.15 | +0.279% | $360 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0699% | 1h | 313.23 | +0.304% | $1.1M | $1.5M | 10x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0936% | 1h | 313.71 | +0.458% | $1.5M | $5.4M | 50x | |
| Lighter TAO | +0.2016% | 1h | 314.74 | +0.787% | $2.0M | $3.6M | 5x | as long as short |
| Hyperliquid TAO | +0.2505% | 1h | 314.94 | +0.852% | $95.8M | $66.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3384% | 1h | 316.14 | +1.236% | $23K | $137 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Polymarket Perps TAO-USD
Aevo TAO-PERP
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Phoenix TAO
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Extended TAO-USD
01 Exchange TAOUSD
RISEx TAO/USDC
Reya TAORUSDPERP
Nado TAO-PERP
Lighter TAO
Hyperliquid TAO
Injective TAO/USDC PERP