Funding you earn now, next payment 22:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.208%
Price spread now: Coinbase International against HTX+0.182%7-day average +0.296% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1631.635% of the position
Funding, last 7 days+0.558%+$56 on $10k
+Price spread, last 3 days (all we have)+0.127%+$13 · spread now +0.182%, 7d avg +0.296%
=Funding pays, the price is against you. Coinbase International is 0.113% cheaper against HTX than usual: you would sell low and buy high (spread +0.182% now, against its 7-day average of +0.296%). If the spread goes back, that is −$11 on $10k: about 10 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.558% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.558% in total (about 29.1% 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 | HTX TAO-USDT | 307.23 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $123K | $369K | 20x |
| Short | Coinbase International TAO-PERP-INTX | 307.79 | 0.1008 | get 0.0126% / 1h | 8m 02s | $1.5M | $5.6M | 50x |
HTX TAO-USDT
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $190.68
- Price spread: +0.182% → +0.296%
- −$11.32
- Slippage, 4 orders
- −$141.48
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $15.87
- Costs to cover
- 1.635%
- Break-even
- 6.4 days
Slippage from HTX: live order book, 10 min ago; Coinbase International: live order book, 1 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 HTX live order book, 10 min ago | 25.13 bp | 88.3 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 10.06 bp | 15.1 bp −$15 | 19.1 bp −$191 | 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 | −0.0396% | 1h | 305.88 | −0.441% | $163K | $52K | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 306.94 | −0.094% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0013% | 1h | 307.32 | +0.031% | $126K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.13 | −0.033% | $45K | $541K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.30 | +0.023% | $86.1M | $414.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.45 | +0.072% | $59.6M | $121.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.30 | +0.023% | $24.7M | $96.0M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.62 | +0.127% | $80K | $643K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 307.20 | −0.010% | $12.2M | $49.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.38 | +0.049% | $114.9M | $126.1M | 300x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.37 | +0.046% | $18.3M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.17 | −0.020% | $34.3M | $45.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 307.30 | +0.023% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.62 | −0.200% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 306.14 | −0.355% | $506K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.47 | −0.573% | $46K | $270K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.24 | +0.003% | $75K | $550K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.16 | −0.023% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.08 | −0.049% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.06 | −0.055% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDTlong | +0.0100% | 4h | 307.23 | long leg | $123K | $369K | 20x | |
| Phemex TAOUSDT | +0.0100% | 4h | 307.07 | −0.052% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.31 | +0.025% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 307.31 | +0.026% | $630 | $511K | 5x | as long as short |
| Variational Omni TAO | +0.0110% | 4h | 306.68 | −0.178% | $3.7M | $6.7M | — | as long as short |
| Aster TAOUSDT | +0.0124% | 4h | 307.40 | +0.056% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0154% | 8h | 307.48 | +0.080% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 307.53 | +0.098% | $363K | $369K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.96 | −0.086% | $438K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0275% | 1h | 307.17 | −0.020% | $19K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0314% | 1h | 307.12 | −0.035% | $829K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.89 | −0.111% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAO | +0.0360% | 1h | 307.35 | +0.040% | $1.6M | $5.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 307.45 | +0.072% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0458% | 1h | 307.41 | +0.059% | $295K | $800K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 306.30 | −0.303% | $320K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 306.98 | −0.083% | $353 | — | 20x | as long as short |
| Extended TAO-USD | +0.0696% | 1h | 307.26 | +0.010% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1008% | 1h | 307.79 | +0.182% | $1.5M | $5.6M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1028% | 1h | 307.16 | −0.022% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAO | +0.1139% | 1h | 307.83 | +0.195% | $93.8M | $80.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 307.40 | +0.057% | $419K | $533K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.488% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Variational Omni TAO
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP