Funding you earn now, next payment 07:00 UTC−0.0433%/8h= −47.5% APRpaid last 24h −0.020%
Price spread now: MEXC against Arcus−0.044%7-day average −0.077% · 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−$26as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 4 days (all we have)−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.044%, 7d avg −0.077%
=The price spread pays, funding is against you. MEXC is 0.033% dearer against Arcus than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.077%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 4 days (−0.029% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.029% in total (about -2.9% 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 | 321.81 | 0.0641 | pay 0.0080% / 1h | 18m 20s | $104K | $389K | 5x |
| Short | MEXC TAO_USDT | 321.67 | 0.0208 | get 0.0104% / 4h | 1h 18m | $107.5M | $151.0M | 300x |
Arcus TAO-USD
MEXC TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$91.03
- Price spread: −0.044% → −0.077%
- $3.3
- Slippage, 4 orders
- −$24.6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$116.83
- Costs to cover
- 0.291%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 25 min ago; MEXC: live order book, 1 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, 25 min ago | 3.28 bp | 9.6 bp −$10 | 21.3 bp −$213 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.78 bp | 2.7 bp −$3 | 7.9 bp −$79 | 27.5 bp −$2,750 | 119.2 bp −$59.6K |
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 | −0.2264% | 1h | 322.24 | +0.134% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 321.78 | −0.009% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 321.34 | −0.147% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.88 | +0.022% | $44K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 321.60 | −0.065% | $26.9M | $130.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.50 | −0.096% | $14.4M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.61 | −0.062% | $18.0M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 321.50 | −0.096% | $36.1M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 322.46 | +0.202% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.77 | −0.012% | $85K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni 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 | 321.77 | −0.012% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 321.45 | −0.112% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 321.68 | −0.040% | $2K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0116% / S +0.0151% | 1h | 321.31 | −0.155% | $430K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 321.76 | −0.016% | $54K | $293K | 10x | as long as short |
| Aevo TAO-PERP | +0.0136% | 1h | 321.87 | +0.020% | $177K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0198% | 4h | 322.77 | +0.299% | $43K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0206% | 4h | 321.62 | −0.059% | $93.4M | $527.8M | 75x | as long as short |
| MEXC TAO_USDTshort | +0.0208% | 4h | 321.67 | −0.044% | $107.5M | $151.0M | 300x | |
| Paradex TAO-USD-PERP | +0.0277% | 8h | 321.53 | −0.088% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0316% | 4h | 321.71 | −0.031% | $70.7M | $155.9M | 50x | as long as short |
| Phemex TAOUSDT | +0.0344% | 4h | 321.88 | +0.022% | $3.3M | $8.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0346% | 4h | 321.83 | +0.006% | — | $34.6M | — | as long as short |
| Bullet TAO-USD | +0.0370% | 1h | 321.86 | +0.017% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0373% | 4h | 321.76 | −0.016% | $1.3M | $10.9M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0436% | 4h | 322.51 | +0.216% | $547K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0440% | 1h | 321.71 | −0.032% | $918K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0448% | 4h | 322.07 | +0.081% | $4.7M | $11.1M | 100x | as long as short |
| Nado TAO-PERP | +0.0521% | 1h | 321.80 | −0.004% | $800K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.49 | −0.100% | $366K | $428K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 322.87 | +0.329% | $5.7M | $10.2M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0539% | 1h | 321.81 | 0.000% | $15K | $2.0M | 25x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 322.40 | +0.183% | $321K | $709K | 5x | as long as short |
| Arcus TAO-USDlong | +0.0641% | 1h | 321.81 | long leg | $104K | $389K | 5x | |
| Hyperliquid TAO | +0.0661% | 1h | 322.17 | +0.112% | $95.3M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 321.95 | +0.044% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 321.98 | +0.052% | $370 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0731% | 1h | 321.62 | −0.059% | $300K | $905K | 10x | as long as short |
| Lighter TAO | +0.0760% | 1h | 321.94 | +0.041% | $1.6M | $6.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.77 | +0.298% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.72 | −0.028% | $454K | $670K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1147% | 1h | 321.88 | +0.023% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 325.94 | +1.283% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Aevo TAO-PERP
edgeX TAOUSDC
Binance TAOUSDT
Paradex TAO-USD-PERP
Bybit TAOUSDT
Phemex TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
Aster TAOUSDT
GRVT TAO_USDT_Perp
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP