Funding you earn now, next payment 06:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.094%
Price spread now: Phoenix against edgeX−0.356%7-day average +0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.343%+$34 · spread now −0.356%, 7d avg +0.138%
=Together, before fees+0.582%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Phoenix is 0.494% cheaper against edgeX than usual: you would sell low and buy high (spread −0.356% now, against its 7-day average of +0.138%). If the spread goes back, that is −$49 on $10k: about 4.1 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.238% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.238% in total (about 12.4% 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 | 320.34 | 0.0161 | pay 0.0080% / 4h | 1h 30m | $42K | $318K | 10x |
| Short | Phoenix TAO | 319.20 | 0.0567 | get 0.0071% / 1h | 30m 20s | $318K | $709K | 5x |
edgeX TAOUSDC
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $85.29
- Price spread: −0.356% → +0.138%
- −$49.42
- Slippage, 4 orders
- −$40.41
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$20.55
- Costs to cover
- 0.564%
- Break-even
- 8.7 days
Slippage from edgeX: live order book, 13 min ago; Phoenix: live order book, 13 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, 13 min ago | 4.70 bp | 9.2 bp −$9 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 13 min ago | 3.12 bp | 18.9 bp −$19 | 28.1 bp −$281 | 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 | −0.1995% | 1h | 319.47 | −0.272% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.378% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.23 | −0.348% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.54 | −0.250% | $42K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.90 | −0.137% | $26.7M | $129.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.50 | −0.262% | $14.3M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.58 | −0.237% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.52 | −0.256% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.003% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.47 | −0.272% | $96K | $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 | 319.40 | −0.294% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.25 | −0.340% | $119K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.22 | −0.350% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0149% | 1h | 319.56 | −0.244% | $427K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.75 | −0.184% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0122% | 4h | 319.82 | −0.162% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDClong | +0.0161% | 4h | 320.34 | long leg | $42K | $318K | 10x | |
| MEXC TAO_USDT | +0.0168% | 4h | 319.90 | −0.137% | $105.7M | $150.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0170% | 4h | 319.86 | −0.149% | $92.6M | $529.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0263% | 8h | 319.31 | −0.321% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0296% | 4h | 319.74 | −0.187% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0332% | 4h | 319.91 | −0.134% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0338% | 4h | 319.97 | −0.116% | $70.0M | $156.2M | 50x | as long as short |
| BingX TAO-USDT | +0.0350% | 4h | 319.91 | −0.134% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0389% | 1h | 319.87 | −0.147% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 320.22 | −0.039% | $545K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0409% | 4h | 319.67 | −0.209% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 319.30 | −0.326% | $916K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.41 | −0.291% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | −0.091% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0566% | 1h | 319.64 | −0.218% | $798K | $2.1M | 10x | as long as short |
| Phoenix TAOshort | +0.0567% | 1h | 319.20 | −0.356% | $318K | $709K | 5x | |
| Hyperliquid TAO | +0.0626% | 1h | 319.60 | −0.231% | $94.4M | $110.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.76 | −0.181% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.92 | −0.131% | $103K | $394K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0695% | 1h | 319.64 | −0.219% | $298K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.63 | −0.223% | $368 | — | 20x | as long as short |
| Lighter TAO | +0.0784% | 1h | 319.80 | −0.169% | $1.5M | $6.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0787% | 1h | 319.73 | −0.191% | $16K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.89 | −0.141% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.41 | −0.290% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1154% | 1h | 319.77 | −0.177% | $6.0M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.968% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP