Funding you earn now, next payment 06:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.060%
Price spread now: Phoenix against Aster+0.558%45s7-day average +0.101% · 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−$540.543% of the position
Funding, last 6 days (all we have)+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.387%−$39 · spread now +0.558%, 7d avg +0.101%
=Together, before fees−0.329%+ Points / potential airdropAster: Stage 5 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.457% dearer against Aster than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.101%. The two prices were read 45 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 6 days it paid 0.058% in total (about 3.8% 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 | Aster TAOUSDT | 317.73 | 0.0345 | pay 0.0173% / 4h | 1h 04m | $1.3M | $11.0M | 50x |
| Short | Phoenix TAO | 319.50 | 0.0567 | get 0.0071% / 1h | 4m 38s | $318K | $709K | 5x |
Aster TAOUSDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $46.62
- Price spread: +0.558% → +0.101%
- $45.69
- Slippage, 4 orders
- −$39.35
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $37.96
- Costs to cover
- 0.543%
- Break-even
- 1.3 days
Slippage from Aster: live order book, 4 min ago; Phoenix: live order book, 38 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 Aster live order book, 4 min ago | 0.94 bp | 8.6 bp −$9 | 18.4 bp −$184 | 144.9 bp −$14.5K | doesn't fit |
| Sell Phoenix live order book, 38 min ago | 3.12 bp | 18.9 bp −$19 | 28.1 bp −$281 | 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 | −0.0237% | 1h | 320.94 | +1.011% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.28 | +0.489% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 318.86 | +0.357% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.41 | −0.100% | $43K | $707K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.30 | −0.134% | $26.6M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.20 | −0.166% | $14.3M | $52.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.33 | −0.125% | $17.7M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.09 | −0.200% | $35.6M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.08 | +0.426% | $46K | $260K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.12 | +0.438% | $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 | 318.95 | +0.385% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.85 | +0.353% | $116K | $599K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 317.35 | −0.119% | $720 | $1.1M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0113% / S +0.0154% | 1h | 318.81 | +0.340% | $426K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.25 | +0.481% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0131% | 4h | 319.11 | +0.435% | $53K | $293K | 10x | as long as short |
| Binance TAOUSDT | +0.0185% | 4h | 317.50 | −0.072% | $92.2M | $528.3M | 75x | as long as short |
| MEXC TAO_USDT | +0.0186% | 4h | 317.46 | −0.084% | $107.3M | $151.9M | 300x | as long as short |
| edgeX TAOUSDC | +0.0188% | 4h | 319.19 | +0.460% | $42K | $318K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0240% | 8h | 317.48 | −0.077% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0256% | 4h | 317.49 | −0.075% | $69.7M | $155.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0282% | 4h | 317.14 | −0.185% | — | $35.4M | — | as long as short |
| Bullet TAO-USD | +0.0306% | 1h | 319.20 | +0.464% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDTlong | +0.0345% | 4h | 317.73 | long leg | $1.3M | $11.0M | 50x | |
| Extended TAO-USD | +0.0352% | 1h | 317.22 | −0.159% | $904K | $2.4M | 25x | as long as short |
| GRVT TAO_USDT_Perp | +0.0364% | 4h | 318.37 | +0.204% | $540K | $917K | 10x | as long as short |
| BloFin TAO-USDT | +0.0426% | 4h | 319.29 | +0.492% | $4.7M | $11.0M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0469% | 1h | 319.08 | +0.427% | $15K | $2.0M | 25x | as long as short |
| Nado TAO-PERP | +0.0507% | 1h | 319.40 | +0.527% | $792K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0514% | 4h | 319.69 | +0.618% | $5.7M | $10.2M | — | as long as short |
| Pacifica TAO | +0.0525% | 1h | 317.61 | −0.036% | $361K | $429K | 10x | as long as short |
| Phemex TAOUSDT | +0.0528% | 4h | 319.10 | +0.432% | $3.2M | $8.1M | 50x | as long as short |
| Phoenix TAOshort | +0.0567% | 1h | 319.50 | +0.558% | $318K | $709K | 5x | |
| Lighter TAO | +0.0584% | 1h | 317.56 | −0.051% | $1.6M | $6.8M | 5x | as long as short |
| Hyperliquid TAO | +0.0592% | 1h | 317.96 | +0.073% | $94.0M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 317.45 | −0.087% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 317.74 | +0.004% | $102K | $389K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0678% | 1h | 318.66 | +0.294% | $297K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.17 | +0.454% | $367 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.41 | +0.844% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 317.32 | −0.128% | $437K | $677K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1157% | 1h | 319.16 | +0.450% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.52 | +1.823% | $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
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
Extended TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Variational Omni TAO
Pacifica TAO
Phemex TAOUSDT
Lighter TAO
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP