Funding you earn now, next payment 07:00 UTC−0.0884%/8h= −96.8% APRpaid last 24h −0.249%
Price spread now: Gate against Coinbase International−0.311%7-day average −0.225% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$570.572% of the position
Funding, last 7 days−0.616%−$62 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.311%, 7d avg −0.225%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Gate is 0.086% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.225%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.616% in total (about -32.1% 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 | 318.69 | 0.0984 | pay 0.0123% / 1h | 19m 04s | $1.4M | $7.0M | 50x |
| Short | Gate TAO_USDT | 317.70 | 0.0100 | get 0.0050% / 4h | 19m 04s | $14.6M | $51.9M | 50x |
Coinbase International TAO-PERP-INTX
Gate TAO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$185.64
- Price spread: −0.311% → −0.225%
- −$8.6
- Slippage, 4 orders
- −$32.17
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$251.4
- Costs to cover
- 0.572%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Gate: 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 Coinbase International live order book, 5 min ago | 6.17 bp | 11.5 bp −$11 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.17 bp | 14.8 bp −$15 | 40.6 bp −$406 | 74.0 bp −$7,400 | 123.9 bp −$61.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 317.52 | −0.366% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0077% | 1h | 316.64 | −0.642% | $126K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.66 | −0.323% | $45K | $714K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.90 | −0.248% | $26.5M | $131.0M | 50x | as long as short |
| Gate TAO_USDTshort | +0.0100% | 4h | 317.70 | −0.311% | $14.6M | $51.9M | 50x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.86 | −0.260% | $17.9M | $32.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.73 | −0.301% | $35.7M | $57.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 316.06 | −0.825% | $45K | $260K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.92 | −0.242% | $88K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.63 | −0.333% | $2K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 317.07 | −0.508% | $116K | $603K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0105% / S +0.0138% | 1h | 317.50 | −0.373% | $405K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 317.63 | −0.333% | $2K | $1.1M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 317.99 | −0.220% | $175K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 315.99 | −0.849% | $42K | $319K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0165% | 4h | 317.81 | −0.276% | $52K | $294K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 317.99 | −0.220% | $103.2M | $152.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0177% | 4h | 318.09 | −0.188% | $92.0M | $531.3M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0247% | 8h | 317.30 | −0.436% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0250% | 4h | 317.90 | −0.248% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0258% | 4h | 318.04 | −0.204% | $69.7M | $156.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0279% | 1h | 317.99 | −0.221% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0306% | 4h | 315.58 | −0.976% | $537K | $907K | 10x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 317.30 | −0.436% | $372K | $466K | 10x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 318.00 | −0.217% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0368% | 1h | 317.81 | −0.276% | $903K | $2.4M | 25x | as long as short |
| Phemex TAOUSDT | +0.0408% | 4h | 317.72 | −0.304% | $3.2M | $8.2M | 50x | as long as short |
| BloFin TAO-USDT | +0.0417% | 4h | 317.93 | −0.238% | $4.7M | $10.9M | 100x | as long as short |
| Nado TAO-PERP | +0.0453% | 1h | 318.13 | −0.177% | $785K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 317.80 | −0.279% | $100K | $384K | 5x | as long as short |
| Lighter TAO | +0.0544% | 1h | 318.03 | −0.206% | $1.6M | $6.9M | 5x | as long as short |
| Variational Omni TAO | +0.0557% | 4h | 315.52 | −0.995% | $5.5M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0629% | 1h | 316.40 | −0.719% | $318K | $703K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0634% | 1h | 317.82 | −0.274% | $15K | $1.9M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 318.26 | −0.135% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0673% | 1h | 318.13 | −0.176% | $297K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.03 | −0.207% | $366 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0713% | 1h | 318.07 | −0.193% | $93.9M | $110.5M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 317.63 | −0.333% | $449K | $658K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0834% | 1h | 317.96 | −0.231% | $6.0M | $21.7M | 50x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.0984% | 1h | 318.69 | long leg | $1.4M | $7.0M | 50x | |
| Bulk TAO-USD | +0.1572% | 1h | 317.17 | −0.477% | $169K | $0 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | +0.035% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
edgeX TAOUSDC
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
Extended TAO-USD
Phemex TAOUSDT
BloFin TAO-USDT
Nado TAO-PERP
Arcus TAO-USD
Lighter TAO
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Hyperliquid TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Bulk TAO-USD
Injective TAO/USDC PERP