Funding you earn now, next payment 02:00 UTC+0.0438%/8h= +48.0% APRpaid last 24h −0.002%
Price spread now: Bybit against Arcus+0.094%56s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.576% of the position
Funding, last 3 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.094%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bybit is 0.145% dearer against Arcus than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 56 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 3 days it paid -0.010% in total (about -1.1% a year). A funding rate is set anew for every payment. 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 | Arcus TAO-USD | 308.76 | 0.0337 | pay 0.0042% / 1h | 44m 42s | $82K | $551K | 5x |
| Short | Bybit TAOUSDT | 309.05 | 0.0775 | get 0.0387% / 4h | 2h 44m | $63.1M | $135.3M | 50x |
Arcus TAO-USD
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. 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
- $91.99
- Price spread: +0.094% → −0.051%
- $14.45
- Slippage, 4 orders
- −$42.09
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $48.84
- Costs to cover
- 0.576%
- Break-even
- 3.3 days
Slippage from Arcus: live order book, 24 min ago; Bybit: live order book, 4 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 Arcus live order book, 24 min ago | 8.37 bp | 14.8 bp −$15 | 27.7 bp −$277 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.16 bp | 10.5 bp −$10 | 17.4 bp −$174 | 39.3 bp −$3,926 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 308.57 | −0.062% | $123K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 308.47 | −0.093% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 308.80 | +0.013% | $46K | $603K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.99 | +0.074% | $89.1M | $458.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 309.10 | +0.110% | $25.2M | $108.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.60 | −0.052% | $12.5M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 309.05 | +0.094% | $101.3M | $136.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.96 | +0.065% | $17.9M | $30.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.65 | −0.036% | $34.4M | $52.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.63 | +0.280% | $34K | $300K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.49 | +0.883% | $519K | $964K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.89 | +0.366% | $46K | $267K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.73 | −0.010% | $56K | $294K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.21 | −0.178% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.66 | −0.032% | $126K | $470K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 309.34 | +0.187% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0118% | 8h | 308.62 | −0.045% | $631 | $674K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0170% / S +0.0092% | 1h | 308.42 | −0.110% | $425K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0171% | 1h | 308.51 | −0.081% | $5.5M | $20.3M | 50x | as long as short |
| Aster TAOUSDT | +0.0172% | 4h | 308.84 | +0.024% | $1.3M | $9.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0231% | 1h | 308.81 | +0.017% | $12K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0267% | 1h | 308.68 | −0.026% | $77K | $643K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0269% | 8h | 309.00 | +0.079% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 309.01 | +0.081% | $365K | $378K | 10x | as long as short |
| Arcus TAO-USDlong | +0.0337% | 1h | 308.76 | long leg | $82K | $551K | 5x | |
| BloFin TAO-USDT | +0.0340% | 4h | 311.16 | +0.777% | $4.4M | $10.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0458% | 1h | 308.64 | −0.040% | $15K | $1.5M | 25x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 315.63 | +2.225% | $23K | $2K | 12x | as long as short |
| Phemex TAOUSDT | +0.0529% | 4h | 308.45 | −0.100% | $3.3M | $7.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0573% | 1h | 308.81 | +0.015% | $756K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 309.80 | +0.337% | $324K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 308.79 | +0.010% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0696% | 4h | 309.05 | +0.093% | $5.4M | $8.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 308.72 | −0.011% | $355 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0740% | 4h | 308.93 | +0.055% | — | $31.1M | — | as long as short |
| Bybit TAOUSDTshort | +0.0775% | 4h | 309.05 | +0.094% | $63.1M | $135.3M | 50x | |
| Backpack TAO_USDC_PERP | +0.0846% | 1h | 308.87 | +0.036% | $312K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0976% | 1h | 308.90 | +0.044% | $890K | $2.4M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 310.00 | +0.402% | $1.5M | $6.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 308.60 | −0.051% | $410K | $605K | 5x | as long as short |
| Hyperliquid TAO | +0.1288% | 1h | 309.33 | +0.185% | $98.1M | $92.9M | 5x | as long as short |
| Lighter TAO | +0.1408% | 1h | 309.36 | +0.194% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.3743% | 1h | 312.40 | +1.179% | $166K | $40K | 10x | as long as short |
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Polymarket Perps TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Injective TAO/USDC PERP
Phemex TAOUSDT
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD