Funding you earn now, next payment 08:00 UTC−0.0469%/8h= −51.4% APRpaid last 24h −0.030%
Price spread now: Bitget against Deribit−0.028%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.028%, 7d avg −0.065%
=The price spread pays, funding is against you. Bitget is 0.038% dearer against Deribit than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.065%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% 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 | Deribit TAO_USDC-PERPETUAL | 315.38 | 0.0569 | pay 0.0071% / 1h | 20m 47s | $15K | $1.9M | 25x |
| Short | Bitget TAOUSDT | 315.29 | 0.0100 | get 0.0050% / 4h | 20m 47s | $35.4M | $57.9M | 50x |
Deribit TAO_USDC-PERPETUAL
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- −$98.49
- Price spread: −0.028% → −0.065%
- $3.76
- Slippage, 4 orders
- −$24.1
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$137.84
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; Bitget: live order book, 3 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 Deribit live order book, 3 min ago | 3.80 bp | 12.4 bp −$12 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.11 bp | 11.7 bp −$12 | 22.4 bp −$224 | 40.0 bp −$3,996 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 315.22 | −0.050% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0066% | 1h | 315.36 | −0.006% | $126K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.84 | +0.147% | $45K | $714K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.10 | +0.229% | $26.3M | $130.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.30 | −0.025% | $14.5M | $51.8M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.44 | +0.020% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 315.29 | −0.028% | $35.4M | $57.9M | 50x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 316.06 | +0.216% | $45K | $260K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.51 | +0.042% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.34 | −0.012% | $2K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
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 | 315.16 | −0.069% | $115K | $603K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0105% / S +0.0138% | 1h | 315.09 | −0.093% | $402K | — | 100x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 315.50 | +0.039% | $828 | $1.1M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 315.57 | +0.062% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0162% | 4h | 315.32 | −0.018% | $52K | $294K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 315.99 | +0.193% | $42K | $319K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 315.75 | +0.118% | $102.6M | $152.3M | 300x | as long as short |
| Binance TAOUSDT | +0.0171% | 4h | 315.75 | +0.116% | $91.4M | $530.8M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0242% | 8h | 316.19 | +0.257% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0250% | 4h | 315.57 | +0.061% | — | $37.3M | — | as long as short |
| Bybit TAOUSDT | +0.0254% | 4h | 316.17 | +0.251% | $69.3M | $156.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0268% | 1h | 315.76 | +0.121% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0302% | 4h | 315.30 | −0.024% | $536K | $921K | 10x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 315.72 | +0.109% | $370K | $462K | 10x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 315.66 | +0.090% | $1.3M | $11.0M | 50x | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 315.43 | +0.018% | $899K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0411% | 4h | 315.72 | +0.108% | $4.7M | $10.9M | 100x | as long as short |
| Phemex TAOUSDT | +0.0449% | 4h | 315.50 | +0.039% | $3.2M | $8.2M | 50x | as long as short |
| Nado TAO-PERP | +0.0467% | 1h | 315.65 | +0.087% | $781K | $2.0M | 10x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 315.98 | +0.191% | $99K | $384K | 5x | as long as short |
| Lighter TAO | +0.0512% | 1h | 315.78 | +0.129% | $1.6M | $6.9M | 5x | as long as short |
| Variational Omni TAO | +0.0557% | 4h | 315.52 | +0.045% | $5.5M | $10.2M | — | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0569% | 1h | 315.38 | long leg | $15K | $1.9M | 25x | |
| Phoenix TAO | +0.0629% | 1h | 316.40 | +0.324% | $318K | $703K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0659% | 1h | 315.56 | +0.058% | $292K | $904K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 316.21 | +0.264% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 315.42 | +0.012% | $363 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0711% | 1h | 315.82 | +0.140% | $93.3M | $110.4M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 315.69 | +0.098% | $446K | $658K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0840% | 1h | 315.60 | +0.069% | $5.9M | $21.7M | 50x | as long as short |
| Bulk TAO-USD | +0.0951% | 1h | 316.68 | +0.413% | $168K | $0 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 316.41 | +0.327% | $1.4M | $6.9M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 318.80 | +1.085% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
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
BloFin TAO-USDT
Phemex TAOUSDT
Nado TAO-PERP
Arcus TAO-USD
Lighter TAO
Variational Omni TAO
Phoenix TAO
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Hyperliquid TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP