Funding you earn now, next payment 06:00 UTC+0.0844%/8h= +92.4% APRpaid last 24h +0.250%
Price spread now: Coinbase International against Bitget+0.663%47s7-day average +0.223% · you sell dearer than you buy
Net, funding: paid 7d − costs+$1as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.569%+$57 on $10k
+Price spread, last 4 days (all we have)−0.454%−$45 · spread now +0.663%, 7d avg +0.223%
=Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.440% dearer against Bitget than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.223%. The two prices were read 47 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 7 days it paid 0.569% in total (about 29.7% 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 | Bitget TAOUSDT | 321.26 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $36.2M | $57.8M | 50x |
| Short | Coinbase International TAO-PERP-INTX | 323.39 | 0.0944 | get 0.0118% / 1h | 55m 26s | $1.5M | $6.9M | 50x |
Bitget TAOUSDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- $177.24
- Price spread: +0.663% → +0.223%
- $43.98
- Slippage, 4 orders
- −$34.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $165.19
- Costs to cover
- 0.560%
- Break-even
- 0.5 days
Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 4 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 Bitget live order book, 4 min ago | 2.16 bp | 14.3 bp −$14 | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 10.14 bp | 15.1 bp −$15 | 18.7 bp −$187 | 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 | −0.1440% | 1h | 322.10 | +0.260% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 322.84 | +0.490% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.01 | +0.543% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.28 | +0.317% | $40K | $690K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 321.60 | +0.106% | $26.8M | $129.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.00 | −0.081% | $14.2M | $51.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.76 | +0.156% | $17.6M | $31.9M | 75x | as long as short |
| Bitget TAOUSDTlong | +0.0100% | 4h | 321.26 | long leg | $36.2M | $57.8M | 50x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 324.34 | +0.959% | $47K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.71 | +0.140% | $87K | $1.0M | 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
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 | 323.14 | +0.585% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.80 | +0.479% | $118K | $583K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 322.93 | +0.520% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 322.29 | +0.321% | $731 | $969K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 321.56 | +0.093% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 323.73 | +0.769% | $178K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0124% / S +0.0144% | 1h | 321.08 | −0.055% | $430K | — | 100x | as long as short |
| Binance TAOUSDT | +0.0154% | 4h | 321.58 | +0.100% | $93.8M | $523.2M | 75x | as long as short |
| edgeX TAOUSDC | +0.0156% | 4h | 324.58 | +1.035% | $43K | $315K | 10x | as long as short |
| MEXC TAO_USDT | +0.0156% | 4h | 321.64 | +0.118% | $105.2M | $148.9M | 300x | as long as short |
| Paradex TAO-USD-PERP | +0.0272% | 8h | 322.46 | +0.375% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0313% | 4h | 321.59 | +0.104% | $1.3M | $10.8M | 50x | as long as short |
| Bybit TAOUSDT | +0.0366% | 4h | 321.59 | +0.103% | $70.2M | $155.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0382% | 4h | 321.36 | +0.031% | — | $34.3M | — | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 324.59 | +1.037% | $4.7M | $11.3M | 100x | as long as short |
| Bullet TAO-USD | +0.0417% | 1h | 323.30 | +0.635% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0460% | 4h | 323.74 | +0.771% | $552K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 322.53 | +0.397% | $922K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0506% | 4h | 323.50 | +0.697% | $5.7M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0513% | 1h | 324.40 | +0.977% | $323K | $709K | 5x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 322.95 | +0.525% | $367K | $422K | 10x | as long as short |
| Nado TAO-PERP | +0.0598% | 1h | 321.72 | +0.143% | $804K | $2.2M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0604% | 1h | 323.69 | +0.758% | $18K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 322.74 | +0.461% | $104K | $384K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0669% | 1h | 323.25 | +0.619% | $322K | $898K | 10x | as long as short |
| Hyperliquid TAO | +0.0677% | 1h | 321.70 | +0.137% | $95.1M | $110.0M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 321.51 | +0.077% | $370 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0704% | 1h | 322.59 | +0.414% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0944% | 1h | 323.39 | +0.663% | $1.5M | $6.9M | 50x | |
| Lighter TAO | +0.1008% | 1h | 322.96 | +0.529% | $1.5M | $6.6M | 5x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 322.38 | +0.350% | $464K | $652K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1142% | 1h | 323.10 | +0.573% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.62 | +0.735% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Binance TAOUSDT
edgeX TAOUSDC
MEXC TAO_USDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
BloFin TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Phoenix TAO
Pacifica TAO
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Backpack TAO_USDC_PERP
Hyperliquid TAO
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP