Funding you earn now, next payment 07:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.021%
Price spread now: OKX against Deribit+0.041%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.041%, 7d avg −0.048%
=The price spread pays, funding is against you. OKX is 0.089% dearer against Deribit than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.048%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 29 hours. Mind the row above: over the last 7 days funding on this pair paid +0.097%, 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 0.097% in total (about 5.1% 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 | Deribit TAO_USDC-PERPETUAL | 320.57 | 0.0345 | pay 0.0043% / 1h | 16m 55s | $15K | $2.0M | 25x |
| Short | OKX TAO-USDT-SWAP | 320.70 | 0.0100 | get 0.0100% / 8h | 1h 16m | $26.9M | $130.2M | 50x |
Deribit TAO_USDC-PERPETUAL
OKX TAO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$51.45
- Price spread: +0.041% → −0.048%
- $8.9
- Slippage, 4 orders
- −$21.03
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$80.57
- Costs to cover
- 0.380%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 3.73 bp | 11.8 bp −$12 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.56 bp | 9.7 bp −$10 | 15.4 bp −$154 | 86.6 bp −$8,659 | 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 | +0.522% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 321.04 | +0.147% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 320.52 | −0.015% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.97 | +0.125% | $44K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAPshort | +0.0100% | 8h | 320.70 | +0.041% | $26.9M | $130.2M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 320.50 | −0.021% | $14.4M | $52.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.55 | −0.006% | $17.9M | $32.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.60 | +0.010% | $36.0M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 322.46 | +0.590% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.74 | +0.054% | $85K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
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 | 320.65 | +0.025% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.45 | −0.037% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 320.97 | +0.125% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0115% / S +0.0151% | 1h | 320.53 | −0.013% | $428K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0126% | 4h | 320.66 | +0.029% | $53K | $293K | 10x | as long as short |
| Aevo TAO-PERP | +0.0136% | 1h | 320.71 | +0.046% | $176K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0203% | 4h | 320.62 | +0.015% | $93.1M | $527.7M | 75x | as long as short |
| MEXC TAO_USDT | +0.0206% | 4h | 320.73 | +0.050% | $107.1M | $151.1M | 300x | as long as short |
| edgeX TAOUSDC | +0.0208% | 4h | 321.96 | +0.435% | $43K | $318K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0274% | 8h | 321.07 | +0.157% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0309% | 4h | 320.80 | +0.072% | $70.5M | $156.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0316% | 4h | 320.62 | +0.016% | — | $34.9M | — | as long as short |
| Deribit TAO_USDC-PERPETUALlong | +0.0345% | 1h | 320.57 | long leg | $15K | $2.0M | 25x | |
| Bullet TAO-USD | +0.0362% | 1h | 320.86 | +0.091% | $12K | $17K | 20x | as long as short |
| Phemex TAOUSDT | +0.0367% | 4h | 320.85 | +0.088% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0369% | 4h | 320.74 | +0.054% | $1.3M | $10.9M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0418% | 4h | 321.37 | +0.249% | $545K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0432% | 1h | 320.68 | +0.034% | $913K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0443% | 4h | 320.92 | +0.110% | $4.7M | $11.1M | 100x | as long as short |
| Nado TAO-PERP | +0.0519% | 1h | 320.88 | +0.096% | $798K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.20 | +0.197% | $366K | $428K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 322.87 | +0.718% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 322.20 | +0.509% | $321K | $709K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.27 | +0.219% | $104K | $389K | 5x | as long as short |
| Hyperliquid TAO | +0.0653% | 1h | 320.81 | +0.075% | $94.9M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 321.06 | +0.153% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 320.74 | +0.052% | $369 | — | 20x | as long as short |
| Lighter TAO | +0.0712% | 1h | 320.80 | +0.072% | $1.6M | $6.8M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0721% | 1h | 320.68 | +0.035% | $299K | $905K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.77 | +0.687% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.02 | +0.142% | $452K | $670K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1151% | 1h | 320.72 | +0.047% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 325.94 | +1.676% | $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
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
Phemex TAOUSDT
Aster TAOUSDT
GRVT TAO_USDT_Perp
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Arcus TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP