Funding you earn now, next payment 06:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.177%
Price spread now: BloFin against Coinbase International−0.124%58s7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as 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−$530.526% of the position
Funding, last 7 days−0.176%−$18 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.124%, 7d avg −0.164%
=The price spread pays, funding is against you. BloFin is 0.040% dearer against Coinbase International than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.164%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.176% in total) that is about 38 hours. The two prices were read 58 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 -0.176% in total (about -9.2% 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 | Coinbase International TAO-PERP-INTX | 323.40 | 0.0944 | pay 0.0118% / 1h | 19m 57s | $1.5M | $6.9M | 50x |
| Short | BloFin TAO-USDT | 323.00 | 0.0448 | get 0.0224% / 4h | 1h 19m | $4.7M | $11.2M | 100x |
Coinbase International TAO-PERP-INTX
BloFin TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- −$104.21
- Price spread: −0.124% → −0.164%
- $4
- Slippage, 4 orders
- −$30.64
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$152.85
- Costs to cover
- 0.526%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; BloFin: 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 Coinbase International live order book, 4 min ago | 8.36 bp | 14.6 bp −$15 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 4.03 bp | 11.4 bp −$11 | 14.4 bp −$144 | 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 | −0.2264% | 1h | 322.24 | −0.358% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 322.48 | −0.284% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 322.52 | −0.271% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.80 | −0.186% | $44K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.30 | −0.340% | $26.9M | $130.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.00 | −0.433% | $14.5M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.12 | −0.396% | $18.0M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 321.82 | −0.489% | $36.2M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 322.85 | −0.170% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.64 | −0.235% | $86K | $1.2M | 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
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 | 322.30 | −0.340% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.25 | −0.356% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 322.66 | −0.229% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0116% / S +0.0151% | 1h | 322.29 | −0.343% | $431K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 322.58 | −0.254% | $54K | $293K | 10x | as long as short |
| Aevo TAO-PERP | +0.0136% | 1h | 322.67 | −0.226% | $177K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0198% | 4h | 322.77 | −0.195% | $43K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0206% | 4h | 322.17 | −0.380% | $107.7M | $151.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0208% | 4h | 322.23 | −0.361% | $93.6M | $528.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0284% | 8h | 322.57 | −0.258% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0290% | 4h | 322.65 | −0.232% | $3.3M | $8.1M | 50x | as long as short |
| Bybit TAOUSDT | +0.0331% | 4h | 322.31 | −0.337% | $70.8M | $156.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0346% | 4h | 322.18 | −0.377% | — | $34.6M | — | as long as short |
| Aster TAOUSDT | +0.0373% | 4h | 322.30 | −0.340% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0381% | 1h | 322.61 | −0.244% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0436% | 4h | 322.51 | −0.277% | $547K | $937K | 10x | as long as short |
| BloFin TAO-USDTshort | +0.0448% | 4h | 323.00 | −0.124% | $4.7M | $11.2M | 100x | |
| Extended TAO-USD | +0.0456% | 1h | 322.05 | −0.419% | $918K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0513% | 1h | 322.53 | −0.270% | $801K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 322.52 | −0.272% | $367K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 322.87 | −0.164% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.30 | −0.649% | $320K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0597% | 1h | 322.52 | −0.271% | $26K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 323.02 | −0.118% | $104K | $389K | 5x | as long as short |
| Hyperliquid TAO | +0.0662% | 1h | 322.54 | −0.266% | $95.4M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 322.98 | −0.130% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 322.56 | −0.261% | $371 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0739% | 1h | 322.38 | −0.315% | $300K | $905K | 10x | as long as short |
| Lighter TAO | +0.0768% | 1h | 322.76 | −0.199% | $1.6M | $6.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.0944% | 1h | 323.40 | long leg | $1.5M | $6.9M | 50x | |
| RISEx TAO/USDC | +0.1077% | 1h | 322.52 | −0.272% | $461K | $667K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1144% | 1h | 322.73 | −0.208% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.012% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Aster TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Extended TAO-USD
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP