Funding you earn now, next payment 22:00 UTC+0.0191%/8h= +20.9% APRnext payment +$0.24 per $10,000 · paid last 24h +0.007%
Price spread now: Backpack against Extended−0.261%48s7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.422% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.529%+$53 · spread now −0.261%, 7d avg +0.085%
=Together, before fees+0.470%+ Points / potential airdropExtended: Active · farm board+$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.346% cheaper against Extended than usual: you would sell low and buy high (spread −0.261% now, against its 7-day average of +0.085%). If the spread goes back, that is −$35 on $10k: about 6.1 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. 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 | Extended TAO-USD | 309.01 | 0.0744 | pay 0.0093% / 1h | 9m 20s | $907K | $2.0M | 25x |
| Short | Backpack TAO_USDC_PERP | 308.20 | 0.0935 | get 0.0117% / 1h | 9m 20s | $383K | $754K | 10x |
Extended TAO-USD
Backpack TAO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $40.08
- Price spread: −0.261% → +0.085%
- −$34.64
- Slippage, 4 orders
- −$27.18
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$36.75
- Costs to cover
- 0.422%
- Break-even
- 13.4 days
Slippage from Extended: live order book, 4 min ago; Backpack: live order book, 15 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 Extended live order book, 4 min ago | 0.16 bp | 6.5 bp −$7 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 15 min ago | 0.16 bp | 8.2 bp −$8 | 13.5 bp −$135 | 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 | −0.0601% | 1h | 309.73 | +0.234% | $203K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 307.61 | −0.452% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 308.27 | −0.239% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.99 | −0.329% | $41K | $530K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.98 | −0.331% | $364K | $368K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.36 | −0.209% | $86.4M | $405.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.59 | −0.135% | $60.0M | $119.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 309.00 | −0.002% | $25.5M | $93.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.25 | −0.245% | $138K | $603K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.10 | −0.294% | $12.3M | $48.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 308.25 | −0.245% | $118.5M | $125.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.88 | −0.365% | $18.7M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.84 | −0.054% | $34.6M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.43 | −0.187% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 307.99 | −0.330% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 308.08 | −0.301% | $40K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.51 | −0.161% | $549K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 307.80 | −0.391% | $46K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.45 | −0.180% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.47 | −0.175% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.87 | −0.044% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.12 | −0.287% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.44 | −0.183% | $122K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.94 | −0.022% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.60 | −0.131% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 308.17 | −0.271% | $881 | $450K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0157% | 8h | 307.89 | −0.362% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0157% | 4h | 307.84 | −0.378% | $1.1M | $7.6M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 308.30 | −0.228% | $440K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0231% | 1h | 308.93 | −0.024% | $14K | $1.3M | 25x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.80 | −0.067% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0306% | 1h | 308.29 | −0.233% | $852K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 308.69 | −0.103% | $4.3M | $9.5M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0536% | 1h | 308.35 | −0.213% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.39 | −0.199% | $355 | — | 20x | as long as short |
| Extended TAO-USDlong | +0.0744% | 1h | 309.01 | long leg | $907K | $2.0M | 25x | |
| Backpack TAO_USDC_PERPshort | +0.0935% | 1h | 308.20 | −0.261% | $383K | $754K | 10x | |
| Lighter TAO | +0.0944% | 1h | 309.32 | +0.102% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.12 | +0.360% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1019% | 1h | 309.22 | +0.069% | $6.4M | $19.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 308.17 | −0.271% | $412K | $542K | 5x | as long as short |
| Hyperliquid TAO | +0.1825% | 1h | 308.92 | −0.028% | $96.6M | $77.4M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | −0.090% | $22K | $271 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP