Funding you earn now, next payment 23:00 UTC+0.0860%/8h= +94.2% APRpaid last 24h +0.215%
Price spread now: Coinbase International against Binance+0.405%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days+0.580%+$58 on $10k
+Price spread, last 3 days (all we have)−0.237%−$24 · spread now +0.405%, 7d avg +0.176%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Coinbase International is 0.229% dearer against Binance than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.176%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.580% in total (about 30.2% 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 | Binance TAOUSDT | 312.01 | 0.0100 | pay 0.0050% / 4h | 18m 48s | $88.5M | $427.8M | 75x |
| Short | Coinbase International TAO-PERP-INTX | 313.27 | 0.0960 | get 0.0120% / 1h | 18m 48s | $1.5M | $5.8M | 50x |
Binance TAOUSDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $180.6
- Price spread: +0.405% → +0.176%
- $22.9
- Slippage, 4 orders
- −$28.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $155.23
- Costs to cover
- 0.483%
- Break-even
- 1.0 days
Slippage from Binance: live order book, 10 min ago; Coinbase International: live order book, 5 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 Binance live order book, 10 min ago | 0.16 bp | 6.8 bp −$7 | 16.6 bp −$166 | 39.4 bp −$3,944 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 11.06 bp | 16.1 bp −$16 | 21.9 bp −$219 | 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 | −0.2753% | 1h | 312.56 | +0.177% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.05 | +0.014% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.27 | +0.085% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.943% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.50 | +0.158% | $37K | $565K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.45 | +0.141% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 312.01 | long leg | $88.5M | $427.8M | 75x | |
| Bybit TAOUSDT | +0.0100% | 4h | 312.21 | +0.065% | $61.4M | $125.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.00 | −0.002% | $25.1M | $101.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.20 | +0.062% | $12.5M | $50.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.38 | +0.120% | $110.5M | $131.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.44 | +0.139% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.50 | −0.162% | $34.8M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.11 | +0.033% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.163% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.50 | +0.159% | $518K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.35 | −0.211% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.62 | +0.196% | $76K | $466K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.51 | +0.162% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.45 | +0.142% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.36 | +0.113% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.53 | +0.168% | $127K | $410K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.59 | +0.187% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.68 | +0.217% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.49 | +0.155% | $3K | $557K | 5x | as long as short |
| Aster TAOUSDT | +0.0175% | 4h | 312.02 | +0.005% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.69 | +0.219% | $83K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0189% | 8h | 312.35 | +0.111% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0218% | 4h | 312.89 | +0.284% | $3.9M | $7.1M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0248% | 1h | 312.50 | +0.157% | $21K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.58 | +0.184% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.51 | +0.160% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0453% | 1h | 312.52 | +0.164% | $822K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.27 | +0.084% | $448K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0516% | 1h | 312.62 | +0.196% | $292K | $803K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.90 | +0.286% | $327K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0600% | 1h | 312.70 | +0.222% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.47 | +0.147% | $359 | — | 20x | as long as short |
| Extended TAO-USD | +0.0856% | 1h | 312.39 | +0.124% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0960% | 1h | 313.27 | +0.405% | $1.5M | $5.8M | 50x | |
| Lighter TAO | +0.1208% | 1h | 312.25 | +0.080% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.51 | +0.161% | $435K | $567K | 5x | as long as short |
| Hyperliquid TAO | +0.1632% | 1h | 312.16 | +0.049% | $97.2M | $84.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO