Funding you earn now, next payment 00:00 UTC+0.4593%/8h= +502.9% APRpaid last 24h +0.276%
Price spread now: Binance against Bulk−1.475%7-day average +0.084% · 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−$180as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 3 days (all we have)+0.305%+$31 on $10k
+Price spread, last 4 days (all we have)+1.525%+$153 · spread now −1.475%, 7d avg +0.084%
=Funding pays, the price is against you. Binance is 1.559% cheaper against Bulk than usual: you would sell low and buy high (spread −1.475% now, against its 7-day average of +0.084%). If the spread goes back, that is −$156 on $10k: about 27 hours of funding at the current rate (+$138 a day). At the pace of the last 3 days (+0.305% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.305% in total (about 32.8% 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 | Bulk TAO-USD | 315.57 | −0.4493 | get 0.0562% / 1h | 23m 43s | $169K | $47K | 10x |
| Short | Binance TAOUSDT | 310.91 | 0.0100 | get 0.0050% / 4h | 23m 43s | $88.1M | $427.5M | 75x |
Bulk TAO-USD
Binance TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bulk. 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
- $964.45
- Price spread: −1.475% → +0.084%
- −$155.93
- Slippage, 4 orders
- −$7.19
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $784.33
- Costs to cover
- 0.242%
- Break-even
- 1.3 days
Slippage from Bulk: live order book, 55 min ago; Binance: 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 Bulk live order book, 55 min ago | 0.17 bp | 4.1 bp −$4 | 7.9 bp −$79 | 26.7 bp −$2,669 | 54.0 bp −$27.0K |
| Sell Binance live order book, 5 min ago | 0.16 bp | 9.4 bp −$9 | 15.2 bp −$152 | 33.7 bp −$3,368 | 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-USDlong | −0.4493% | 1h | 315.57 | long leg | $169K | $47K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 311.08 | −1.423% | $124K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 310.88 | −1.485% | $20K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | −0.196% | $23K | $361 | 12x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0047% | 1h | 310.44 | −1.627% | $20K | $1.5M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 311.12 | −1.410% | $35K | $564K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 311.50 | −1.290% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDTshort | +0.0100% | 4h | 310.91 | −1.475% | $88.1M | $427.5M | 75x | |
| Bybit TAOUSDT | +0.0100% | 4h | 311.08 | −1.423% | $61.0M | $125.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 310.80 | −1.512% | $25.0M | $100.9M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 310.70 | −1.543% | $12.4M | $50.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 310.71 | −1.540% | $109.1M | $130.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 310.96 | −1.461% | $18.4M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 310.75 | −1.527% | $34.6M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 310.99 | −1.451% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.93 | −0.519% | $41K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.92 | −0.524% | $521K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.77 | −0.570% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 311.22 | −1.378% | $76K | $476K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 311.09 | −1.420% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 310.69 | −1.546% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 310.68 | −1.550% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 311.10 | −1.416% | $127K | $408K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 310.69 | −1.546% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 310.75 | −1.527% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 311.04 | −1.435% | $3K | $555K | 5x | as long as short |
| Aster TAOUSDT | +0.0178% | 4h | 310.85 | −1.495% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 311.76 | −1.207% | $82K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0188% | 8h | 311.45 | −1.306% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0199% | 4h | 312.46 | −0.986% | $4.0M | $7.0M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.00 | −1.131% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0453% | 1h | 310.44 | −1.627% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0459% | 1h | 311.01 | −1.446% | $818K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0474% / S −0.0175% | 1h | 310.80 | −1.511% | $446K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0515% | 1h | 310.70 | −1.543% | $290K | $804K | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 314.20 | −0.434% | $329K | $521K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 311.27 | −1.363% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 311.11 | −1.414% | $358 | — | 20x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 310.87 | −1.488% | $855K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.04 | −0.802% | $1.5M | $5.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 311.19 | −1.390% | $433K | $567K | 5x | as long as short |
| Lighter TAO | +0.1240% | 1h | 311.43 | −1.313% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.1688% | 1h | 311.30 | −1.353% | $96.9M | $83.9M | 5x | as long as short |
Gate TAO_USDT
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
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
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO