Funding you earn now, next payment 11:00 UTC+0.0361%/8h= +39.5% APRpaid last 24h +0.049%
Price spread now: Deribit against Gate+0.084%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.084%, 7d avg +0.063%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Deribit is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.091% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TAO_USDT | 317.00 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $15.8M | $47.3M | 50x |
| Short | Deribit TAO_USDC-PERPETUAL | 317.27 | 0.0461 | get 0.0058% / 1h | 53m 45s | $15K | $1.9M | 25x |
Gate TAO_USDT
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $75.81
- Price spread: +0.084% → +0.063%
- $2.17
- Slippage, 4 orders
- −$30.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $25.85
- Costs to cover
- 0.521%
- Break-even
- 4.6 days
Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 3 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 Gate live order book, 3 min ago | 3.14 bp | 19.0 bp −$19 | 38.5 bp −$385 | 59.4 bp −$5,935 | 96.5 bp −$48.2K |
| Sell Deribit live order book, 3 min ago | 5.65 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
TAO on 43 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 316.99 | −0.003% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.34 | +0.107% | $50K | $630K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.40 | +0.126% | $26.9M | $128.5M | 50x | as long as short |
| Gate TAO_USDTlong | +0.0100% | 4h | 317.00 | long leg | $15.8M | $47.3M | 50x | |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.09 | +0.028% | $17.6M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.97 | −0.009% | $35.9M | $56.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.54 | +0.801% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.01 | +0.003% | $81K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 317.14 | +0.044% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.28 | +0.088% | $113K | $563K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 317.28 | +0.088% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0104% | 8h | 317.22 | +0.069% | $895 | $1.3M | 5x | as long as short |
| Bybit TAOUSDT | +0.0106% | 4h | 317.38 | +0.120% | $69.5M | $155.6M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 317.35 | +0.112% | $174K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0141% | 4h | 317.31 | +0.097% | $93.3M | $511.6M | 75x | as long as short |
| MEXC TAO_USDT | +0.0146% | 4h | 317.29 | +0.091% | $103.7M | $146.9M | 300x | as long as short |
| BingX TAO-USDT | +0.0152% | 4h | 317.19 | +0.060% | — | $38.0M | — | as long as short |
| edgeX TAOUSDC | +0.0153% | 4h | 318.61 | +0.507% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0208% | 8h | 317.28 | +0.089% | $14K | $876 | 10x | as long as short |
| Lighter TAO | +0.0208% | 1h | 317.26 | +0.081% | $1.6M | $6.6M | 5x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 317.23 | +0.073% | $953K | $2.1M | 25x | as long as short |
| Bullet TAO-USD | +0.0215% | 1h | 317.45 | +0.141% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0240% | 1h | 317.26 | +0.082% | $376K | $456K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0256% | 4h | 317.25 | +0.079% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0286% | 4h | 318.50 | +0.473% | $543K | $805K | 10x | as long as short |
| Aster TAOUSDT | +0.0310% | 4h | 317.24 | +0.075% | $1.2M | $11.2M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0360% / S −0.0107% | 1h | 316.89 | −0.035% | $373K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0363% | 1h | 317.23 | +0.073% | $699K | $2.0M | 10x | as long as short |
| BloFin TAO-USDT | +0.0390% | 4h | 317.48 | +0.151% | $4.8M | $10.4M | 100x | as long as short |
| Hyperliquid TAO | +0.0431% | 1h | 317.31 | +0.098% | $95.6M | $107.0M | 5x | as long as short |
| Variational Omni TAO | +0.0445% | 4h | 318.15 | +0.364% | $5.7M | $9.8M | — | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0461% | 1h | 317.27 | +0.084% | $15K | $1.9M | 25x | |
| dYdX TAO-USD | +0.0555% | 1h | 316.92 | −0.025% | $267K | $230K | 5x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.60 | +0.820% | $321K | $710K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0590% | 1h | 317.35 | +0.110% | $298K | $1.1M | 10x | as long as short |
| Arcus TAO-USD | +0.0610% | 1h | 317.68 | +0.215% | $100K | $311K | 5x | as long as short |
| RISEx TAO/USDC | +0.0666% | 1h | 317.29 | +0.092% | $431K | $683K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0688% | 1h | 317.47 | +0.148% | $1.1M | $7.6M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0696% | 1h | 317.54 | +0.170% | $3K | $2K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 317.36 | +0.115% | $365 | — | 20x | as long as short |
| Bulk TAO-USD | +0.0807% | 1h | 318.75 | +0.552% | $169K | $0 | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0928% | 1h | 317.41 | +0.129% | $6.2M | $19.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4405% | 1h | 322.67 | +1.789% | $23K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Bybit TAOUSDT
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
BingX TAO-USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Lighter TAO
Extended TAO-USD
Bullet TAO-USD
Pacifica TAO
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
BloFin TAO-USDT
Hyperliquid TAO
Variational Omni TAO
dYdX TAO-USD
Phoenix TAO
Backpack TAO_USDC_PERP
Arcus TAO-USD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Reya TAORUSDPERP
Bulk TAO-USD
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP