Funding you earn now, next payment 02:00 UTC+0.0924%/8h= +101.2% APRpaid last 24h +0.236%
Price spread now: Coinbase International against edgeX−0.266%7-day average +0.201% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days+0.606%+$61 on $10k
+Price spread, last 4 days (all we have)+0.504%+$50 · spread now −0.266%, 7d avg +0.201%
=Together, before fees+1.110%+ Points / potential airdropedgeX: Active · farm board+$111 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.466% cheaper against edgeX than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of +0.201%). If the spread goes back, that is −$47 on $10k: about 40 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.606% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.606% in total (about 31.6% 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 | edgeX TAOUSDC | 324.24 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $37K | $302K | 10x |
| Short | Coinbase International TAO-PERP-INTX | 323.38 | 0.1024 | get 0.0128% / 1h | 29m 15s | $1.5M | $6.7M | 50x |
edgeX TAOUSDC
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- $194.04
- Price spread: −0.266% → +0.201%
- −$46.63
- Slippage, 4 orders
- −$30.08
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $98.33
- Costs to cover
- 0.491%
- Break-even
- 3.5 days
Slippage from edgeX: live order book, 34 min ago; Coinbase International: 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 edgeX live order book, 34 min ago | 6.30 bp | 10.8 bp −$11 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 8.00 bp | 14.5 bp −$14 | 19.0 bp −$190 | 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 | −0.5583% | 1h | 316.49 | −2.391% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 322.80 | −0.446% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 322.61 | −0.504% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 323.04 | −0.371% | $33K | $674K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 322.82 | −0.438% | $94.4M | $478.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.70 | −0.475% | $26.6M | $119.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.70 | −0.475% | $13.2M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 322.80 | −0.445% | $99.5M | $141.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.92 | −0.408% | $18.1M | $31.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.03 | −0.374% | $36.2M | $54.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDClong | +0.0100% | 4h | 324.24 | long leg | $37K | $302K | 10x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.03 | −0.374% | $87K | $790K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 322.93 | −0.405% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.29 | −0.293% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.20 | −0.321% | $3.5M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 323.50 | −0.230% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0112% | 4h | 323.12 | −0.346% | $58K | $282K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0116% | 8h | 323.05 | −0.367% | $687 | $776K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0161% / S +0.0125% | 1h | 322.57 | −0.517% | $449K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0243% | 1h | 322.90 | −0.412% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0264% | 4h | 323.95 | −0.090% | $537K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0294% | 1h | 322.97 | −0.392% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0311% | 8h | 323.27 | −0.301% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 322.64 | −0.494% | $4.6M | $11.2M | 100x | as long as short |
| Aster TAOUSDT | +0.0372% | 4h | 322.92 | −0.408% | $1.1M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 322.95 | −0.398% | $382K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.60 | +0.111% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 323.47 | −0.238% | $101K | $487K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0529% | 1h | 323.28 | −0.297% | $21K | $1.6M | 25x | as long as short |
| BingX TAO-USDT | +0.0566% | 4h | 322.87 | −0.423% | — | $30.3M | — | as long as short |
| Nado TAO-PERP | +0.0579% | 1h | 323.15 | −0.336% | $793K | $2.2M | 10x | as long as short |
| Bybit TAOUSDT | +0.0588% | 4h | 323.00 | −0.383% | $70.8M | $143.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 322.92 | −0.406% | $371 | — | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0723% | 1h | 323.82 | −0.130% | $48K | $253K | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0784% | 1h | 323.32 | −0.284% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0864% | 1h | 323.21 | −0.318% | $949K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0868% | 4h | 323.85 | −0.121% | $6.0M | $9.8M | — | as long as short |
| Lighter TAO | +0.0904% | 1h | 323.19 | −0.324% | $1.6M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1024% | 1h | 323.38 | −0.266% | $1.5M | $6.7M | 50x | |
| Backpack TAO_USDC_PERP | +0.1067% | 1h | 323.62 | −0.192% | $445K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 323.01 | −0.378% | $459K | $638K | 5x | as long as short |
| Hyperliquid TAO | +0.1290% | 1h | 323.34 | −0.278% | $101.6M | $99.0M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | −0.269% | $24K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
BingX TAO-USDT
Nado TAO-PERP
Bybit TAOUSDT
Reya TAORUSDPERP
ApeX Omni TAOUSDT
01 Exchange TAOUSD
Extended TAO-USD
Variational Omni TAO
Lighter TAO
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP