Funding you earn now, next payment 07:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.001%
Price spread now: Popdex against BingX−0.147%7-day average +0.002% · 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−$44as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.147%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Popdex is 0.149% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.004% in total (about -0.4% 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 | BingX TAO-USDT | 320.39 | 0.0386 | pay 0.0193% / 4h | 1h 45m | — | $34.4M | — |
| Short | Popdex TAOUSDT | 319.92 | 0.0096 | get 0.0012% / 1h | 45m 10s | $41K | $695K | 20x |
BingX TAO-USDT
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against BingX. 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
- −$60.9
- Price spread: −0.147% → +0.002%
- −$14.86
- Slippage, 4 orders
- −$12.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$104.8
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Popdex: live order book, 64 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 BingX live order book, 9 min ago | 1.09 bp | 6.1 bp −$6 | 6.1 bp −$61 | 6.7 bp −$669 | 36.8 bp −$18.4K |
| Sell Popdex live order book, 64 min ago | 0.96 bp | 9.0 bp −$9 | 74.9 bp −$749 | 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 | −0.2101% | 1h | 320.87 | +0.150% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 318.83 | −0.487% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.12 | −0.086% | $21K | — | 150x | as long as short |
| Popdex TAOUSDTshort | +0.0096% | 1h | 319.92 | −0.147% | $41K | $695K | 20x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.70 | −0.215% | $26.6M | $129.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.10 | −0.091% | $14.2M | $51.5M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.35 | −0.012% | $17.5M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.10 | −0.091% | $35.9M | $58.3M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.44 | +0.016% | $45K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.11 | −0.087% | $76K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
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 | 320.12 | −0.084% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.10 | −0.403% | $117K | $588K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.21 | −0.056% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 319.78 | −0.190% | $1K | $992K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 320.29 | −0.031% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0121% / S +0.0156% | 1h | 320.13 | −0.081% | $433K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 320.53 | +0.044% | $53K | $293K | 10x | as long as short |
| Binance TAOUSDT | +0.0150% | 4h | 319.95 | −0.137% | $92.7M | $526.9M | 75x | as long as short |
| MEXC TAO_USDT | +0.0152% | 4h | 320.47 | +0.025% | $105.1M | $149.6M | 300x | as long as short |
| edgeX TAOUSDC | +0.0153% | 4h | 320.18 | −0.065% | $42K | $318K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0261% | 8h | 319.42 | −0.302% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0306% | 4h | 320.13 | −0.081% | $1.3M | $10.9M | 50x | as long as short |
| BingX TAO-USDTlong | +0.0386% | 4h | 320.39 | long leg | — | $34.4M | — | |
| Bullet TAO-USD | +0.0390% | 1h | 320.60 | +0.066% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0390% | 4h | 320.36 | −0.009% | $4.7M | $11.1M | 100x | as long as short |
| Bybit TAOUSDT | +0.0400% | 4h | 319.85 | −0.169% | $69.8M | $155.8M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0408% | 4h | 319.77 | −0.193% | $544K | $948K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 320.41 | +0.007% | $917K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.45 | −0.294% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 319.36 | −0.322% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 320.30 | −0.028% | $319K | $709K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0629% | 1h | 320.60 | +0.066% | $301K | $908K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 320.06 | −0.103% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.27 | −0.037% | $103K | $394K | 5x | as long as short |
| Nado TAO-PERP | +0.0642% | 1h | 320.20 | −0.060% | $801K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0663% | 1h | 320.49 | +0.031% | $94.7M | $110.1M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 320.36 | −0.009% | $368 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0726% | 1h | 320.42 | +0.009% | $14K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0840% | 1h | 320.60 | +0.066% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.58 | +0.059% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.77 | −0.193% | $462K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1152% | 1h | 320.55 | +0.050% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.453% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
Bybit TAOUSDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Arcus TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Reya TAORUSDPERP
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP