Funding you earn now, next payment 22:00 UTC−0.0199%/8h= −21.8% APRnext payment −$0.25 per $10,000 · paid last 24h −0.007%
Price spread now: Extended against Backpack+0.033%7-day average −0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.033%, 7d avg −0.085%
=Together, before fees−0.242%+ Points / potential airdropExtended: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.118% dearer against Backpack than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.085%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 47 hours. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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 | Backpack TAO_USDC_PERP | 308.20 | 0.0935 | pay 0.0117% / 1h | 10m 10s | $383K | $754K | 10x |
| Short | Extended TAO-USD | 308.30 | 0.0736 | get 0.0092% / 1h | 10m 10s | $907K | $2.0M | 25x |
Backpack TAO_USDC_PERP
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Backpack. 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
- −$41.76
- Price spread: +0.033% → −0.085%
- $11.8
- Slippage, 4 orders
- −$27.18
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$72.14
- Costs to cover
- 0.422%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 14 min ago; Extended: 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 Backpack live order book, 14 min ago | 0.16 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.16 bp | 7.2 bp −$7 | 9.3 bp −$93 | 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 | −0.0601% | 1h | 309.73 | +0.496% | $203K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 308.16 | −0.012% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 308.47 | +0.086% | $26K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0033% | 1h | 308.32 | +0.038% | $14K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 308.72 | +0.169% | $41K | $530K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 308.59 | +0.127% | $365K | $367K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.22 | +0.006% | $86.4M | $405.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.28 | +0.026% | $60.0M | $119.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.20 | 0.000% | $25.5M | $93.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.85 | +0.211% | $138K | $603K | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 308.50 | +0.097% | $12.3M | $48.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 308.23 | +0.010% | $118.4M | $125.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.21 | +0.003% | $18.7M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.91 | −0.094% | $34.5M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.13 | −0.023% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 307.99 | −0.069% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 309.74 | +0.500% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.77 | +0.186% | $549K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.90 | +0.552% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.72 | +0.169% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.63 | +0.141% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.41 | +0.068% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.54 | +0.110% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.56 | +0.117% | $122K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.15 | −0.016% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.47 | +0.086% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 308.68 | +0.156% | $882 | $449K | 5x | as long as short |
| Aster TAOUSDT | +0.0154% | 4h | 308.49 | +0.094% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0158% | 8h | 308.60 | +0.130% | $14K | $1K | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.80 | +0.195% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0303% | 1h | 308.51 | +0.100% | $853K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 308.31 | +0.036% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0485% / S −0.0184% | 1h | 308.38 | +0.059% | $453K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0528% | 1h | 309.10 | +0.292% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.59 | +0.127% | $355 | — | 20x | as long as short |
| Extended TAO-USDshort | +0.0736% | 1h | 308.30 | +0.033% | $907K | $2.0M | 25x | |
| Backpack TAO_USDC_PERPlong | +0.0935% | 1h | 308.20 | long leg | $383K | $754K | 10x | |
| Lighter TAO | +0.0936% | 1h | 308.76 | +0.181% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.60 | +0.779% | $1.5M | $5.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1022% | 1h | 308.56 | +0.118% | $6.4M | $19.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 308.82 | +0.200% | $413K | $542K | 5x | as long as short |
| Hyperliquid TAO | +0.1818% | 1h | 309.36 | +0.376% | $96.7M | $77.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.172% | $22K | $271 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP