Funding you earn now, next payment 19:00 UTC−0.0361%/8hnext payment −$0.45 per $10,000 · paid last 24h +0.085%
Price spread now: Phoenix against Backpack+0.103%7-day average +0.110% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 3 days (all we have)+1.193%+$119 · spread now +0.103%, 7d avg +0.110%
=The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.156%, 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 0.156% in total (about 8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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 | 292.30 | 0.0696 | pay 0.0087% / 1h | 7m 06s | $370K | $536K | 10x |
| Short | Phoenix TAO | 292.60 | 0.0336 | get 0.0042% / 1h | 7m 06s | $311K | $158K | 5x |
Backpack TAO_USDC_PERP
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$75.78
- Price spread: +0.103% → +0.110%
- −$0.72
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$93.5
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 26 min ago; Phoenix: live order book, 23 min ago. Net counts fees only.
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, 26 min ago | 2.91 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 23 min ago | 3.39 bp | 18.3 bp −$18 | 27.2 bp −$272 | 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 | −0.2681% | 1h | 291.45 | −0.291% | $192K | $44K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | −0.0160% | 1h | 292.20 | −0.036% | $5.3M | $14.0M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 292.22 | −0.027% | $75K | $35K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0010% | 1h | 292.10 | −0.068% | $34K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0071% | 1h | 292.24 | −0.020% | $13K | $1.0M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 292.10 | −0.068% | $34K | $479K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 292.23 | −0.024% | $1.6M | $5.0M | 50x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 292.07 | −0.078% | $339K | $375K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 292.14 | −0.056% | $79.7M | $337.7M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 292.41 | +0.038% | $51.5M | $88.9M | 50x | as long as short |
Bulk TAO-USD
Kraken Futures PF_TAOUSD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 292.20 | −0.034% | $23.2M | $71.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 292.43 | +0.044% | $128K | $580K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 292.10 | −0.068% | $11.6M | $45.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 292.23 | −0.024% | $105.6M | $106.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 292.09 | −0.072% | $19.6M | $21.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 292.07 | −0.079% | $33.0M | $37.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 292.18 | −0.041% | — | $27.5M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 291.12 | −0.402% | $3.2M | $5.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 292.48 | +0.063% | $38K | $272K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 291.44 | −0.293% | $521K | $884K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 292.61 | +0.106% | $44K | $266K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 292.16 | −0.048% | $84K | $508K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 292.15 | −0.051% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 292.08 | −0.075% | $54K | $235K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 291.77 | −0.181% | $2K | $1.6M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 292.17 | −0.044% | $122K | $312K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 292.36 | +0.021% | $3.1M | $7.5M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0103% | 8h | 292.05 | −0.086% | $1K | $348K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 292.31 | +0.002% | $161K | $998 | 3x | as long as short |
| Paradex TAO-USD-PERP | +0.0105% | 8h | 292.20 | −0.033% | $14K | $376 | 10x | as long as short |
| Nado TAO-PERP | +0.0195% | 1h | 292.15 | −0.050% | $1.0M | $1.3M | 10x | as long as short |
| Phoenix TAOshort | +0.0336% | 1h | 292.60 | +0.103% | $311K | $158K | 5x | |
| BloFin TAO-USDT | +0.0340% | 4h | 292.17 | −0.044% | $4.0M | $7.2M | 100x | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 292.21 | −0.032% | $782K | $1.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 292.37 | +0.024% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0432% | 1h | 292.38 | +0.028% | $1.3M | $2.4M | 5x | as long as short |
| RISEx TAO/USDC | +0.0478% | 1h | 292.25 | −0.019% | $337K | $452K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0480% / S −0.0195% | 1h | 292.06 | −0.083% | $440K | — | 100x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 292.05 | −0.084% | $336 | — | 20x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0696% | 1h | 292.30 | long leg | $370K | $536K | 10x | |
| Coinbase International TAO-PERP-INTX | +0.0872% | 1h | 293.01 | +0.243% | $1.5M | $4.3M | 50x | as long as short |
| Hyperliquid TAO | +0.1177% | 1h | 292.60 | +0.103% | $82.5M | $55.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.2947% | 1h | 294.49 | +0.749% | $21K | $39K | 12x | as long as short |
OKX TAO-USDT-SWAP
Arcus TAO-USD
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
Katana Perps TAO-USD
Aevo TAO-PERP
Paradex TAO-USD-PERP
Nado TAO-PERP
BloFin TAO-USDT
Extended TAO-USD
01 Exchange TAOUSD
Lighter TAO
RISEx TAO/USDC
GMX TAO/USD [WBTC.b-USDC]
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Hyperliquid TAO
Injective TAO/USDC PERP