Funding you earn now, next payment 01:00 UTC−0.0964%/8h= −105.6% APRpaid last 24h −0.038%
Price spread now: Phemex against Extended−0.243%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 7 days−0.581%−$58 on $10k
+Price spread, last 3 days (all we have)+0.362%+$36 · spread now −0.243%, 7d avg +0.051%
=Together, before fees−0.219%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Phemex is 0.294% cheaper against Extended than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.581% in total (about -30.3% 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 | Extended TAO-USD | 321.18 | 0.1064 | pay 0.0133% / 1h | 49m 12s | $934K | $2.2M | 25x |
| Short | Phemex TAOUSDT | 320.40 | 0.0100 | get 0.0050% / 4h | 3h 49m | $3.5M | $7.8M | 50x |
Extended TAO-USD
Phemex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$202.44
- Price spread: −0.243% → +0.051%
- −$29.45
- Slippage, 4 orders
- −$56.67
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$305.55
- Costs to cover
- 0.737%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Phemex: 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 Extended live order book, 4 min ago | 1.41 bp | 4.2 bp −$4 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 13.83 bp | 38.6 bp −$39 | doesn't fit | 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 | −0.1799% | 1h | 311.96 | −2.871% | $167K | $44K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.99 | −0.371% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.40 | −0.242% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.58 | −0.498% | $42K | $580K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 320.81 | −0.115% | $92.3M | $440.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.80 | −0.119% | $26.0M | $107.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.00 | −0.368% | $12.9M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.61 | −0.489% | $106.1M | $131.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.40 | −0.554% | $18.9M | $28.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 321.03 | −0.047% | $35.9M | $49.0M | 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 TAOUSDC | +0.0100% | 4h | 318.79 | −0.743% | $36K | $288K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.75 | −0.445% | $48K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 321.00 | −0.056% | $58K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 320.98 | −0.063% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.77 | −0.128% | $128K | $422K | 20x | as long as short |
| Phemex TAOUSDTshort | +0.0100% | 4h | 320.40 | −0.243% | $3.5M | $7.8M | 50x | |
| Katana Perps TAO-USD | +0.0104% | 8h | 319.65 | −0.477% | $657 | $596K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 321.68 | +0.154% | $177K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0168% | 4h | 320.12 | −0.331% | $532K | $945K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0085% | 1h | 319.99 | −0.372% | $462K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 320.12 | −0.330% | $379K | $373K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 319.94 | −0.386% | $84K | $545K | 5x | as long as short |
| Aster TAOUSDT | +0.0229% | 4h | 320.00 | −0.369% | $1.1M | $8.1M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0231% | 8h | 319.97 | −0.376% | $15K | $1K | 10x | as long as short |
| Bullet TAO-USD | +0.0279% | 1h | 320.11 | −0.333% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0305% | 4h | 320.13 | −0.329% | $5.5M | $8.6M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 321.60 | +0.131% | $4.5M | $10.9M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0355% | 1h | 319.80 | −0.430% | $100K | $634K | 5x | as long as short |
| BingX TAO-USDT | +0.0378% | 4h | 320.84 | −0.106% | — | $30.8M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0446% | 1h | 321.27 | +0.029% | $21K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0477% | 1h | 321.18 | −0.002% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 319.50 | −0.523% | $334K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.58 | −0.498% | $23K | $501 | 12x | as long as short |
| Bybit TAOUSDT | +0.0654% | 4h | 320.88 | −0.094% | $66.2M | $130.5M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.62 | −0.485% | $368 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0751% | 1h | 319.52 | −0.516% | $890K | $2.0M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0824% | 1h | 320.03 | −0.358% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 322.20 | +0.317% | $1.5M | $6.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1014% | 1h | 320.47 | −0.221% | $320K | $820K | 10x | as long as short |
| Extended TAO-USDlong | +0.1064% | 1h | 321.18 | long leg | $934K | $2.2M | 25x | |
| RISEx TAO/USDC | +0.1141% | 1h | 319.65 | −0.477% | $423K | $590K | 5x | as long as short |
| Lighter TAO | +0.1728% | 1h | 321.47 | +0.089% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2896% | 1h | 320.27 | −0.284% | $104.7M | $88.7M | 5x | as long as short |
edgeX TAOUSDC
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Bullet TAO-USD
Variational Omni TAO
BloFin TAO-USDT
Polymarket Perps TAO-USD
BingX TAO-USDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
Bybit TAOUSDT
Reya TAORUSDPERP
Nado TAO-PERP
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO