Funding you earn now, next payment 05:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h +0.092%
Price spread now: Phoenix against HTX+0.485%72s7-day average +0.224% · you sell dearer than you buy
Net, funding: paid 7d − costs−$261as 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−$2852.853% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)−0.325%−$33 · spread now +0.485%, 7d avg +0.224%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.262% dearer against HTX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.224%. The two prices were read 72 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 0.242% in total (about 12.6% 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 | 313.08 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $113K | $554K | 20x |
| Short | Phoenix TAO | 314.60 | 0.0513 | get 0.0064% / 1h | 29m 51s | $313K | $713K | 5x |
HTX TAO-USDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $86.69
- Price spread: +0.485% → +0.224%
- $26.19
- Slippage, 4 orders
- −$266.34
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$172.45
- Costs to cover
- 2.853%
- Break-even
- 20.9 days
Slippage from HTX: live order book, 19 min ago; Phoenix: live order book, 18 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, 19 min ago | 7.03 bp | 108.0 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 18 min ago | 3.18 bp | 14.9 bp −$15 | 18.0 bp −$180 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.40 | +0.103% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0040% | 1h | 313.59 | +0.164% | $125K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.04 | +0.307% | $90.2M | $507.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.90 | +0.262% | $26.3M | $122.3M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 313.47 | +0.125% | $167K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.80 | +0.230% | $13.9M | $51.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.13 | +0.335% | $107.8M | $145.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.00 | +0.294% | $17.3M | $31.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.77 | +0.220% | $35.4M | $57.1M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.56 | +0.152% | $41K | $316K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.65 | +0.182% | $90K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.34 | +0.083% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDTlong | +0.0100% | 4h | 313.08 | long leg | $113K | $554K | 20x | |
| Katana Perps TAO-USD | +0.0103% | 8h | 313.61 | +0.169% | $642 | $915K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.03 | +0.302% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 313.86 | +0.249% | $52K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0129% / S +0.0140% | 1h | 313.38 | +0.096% | $420K | — | 100x | as long as short |
| Popdex TAOUSDT | +0.0144% | 1h | 313.72 | +0.204% | $50K | $667K | 20x | as long as short |
| Phemex TAOUSDT | +0.0162% | 4h | 313.90 | +0.262% | $3.2M | $8.0M | 50x | as long as short |
| Aster TAOUSDT | +0.0204% | 4h | 314.11 | +0.330% | $1.3M | $10.6M | 50x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 313.87 | +0.252% | $357K | $419K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0269% | 8h | 313.91 | +0.266% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0271% | 1h | 313.96 | +0.280% | $772K | $2.2M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0303% | 1h | 314.08 | +0.320% | $5.9M | $21.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0325% | 1h | 313.81 | +0.235% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0330% | 4h | 313.91 | +0.266% | $533K | $923K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.88 | +0.256% | $4.5M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0397% | 1h | 313.30 | +0.070% | $44K | $256K | 50x | as long as short |
| BingX TAO-USDT | +0.0438% | 4h | 314.04 | +0.307% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0449% | 4h | 314.04 | +0.305% | $5.5M | $10.1M | — | as long as short |
| Bybit TAOUSDT | +0.0461% | 4h | 314.07 | +0.316% | $68.2M | $152.5M | 50x | as long as short |
| Extended TAO-USD | +0.0464% | 1h | 314.13 | +0.336% | $897K | $2.4M | 25x | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 313.88 | +0.256% | $101K | $370K | 5x | as long as short |
| Phoenix TAOshort | +0.0513% | 1h | 314.60 | +0.485% | $313K | $713K | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0526% | 1h | 313.84 | +0.244% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 313.91 | +0.265% | $361 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0760% | 1h | 314.03 | +0.303% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0805% | 1h | 314.28 | +0.383% | $91.9M | $108.9M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0822% | 1h | 314.19 | +0.355% | $310K | $889K | 10x | as long as short |
| Lighter TAO | +0.0840% | 1h | 314.30 | +0.391% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 314.27 | +0.380% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 313.68 | +0.190% | $454K | $649K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 317.66 | +1.463% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Popdex TAOUSDT
Phemex TAOUSDT
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Nado TAO-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
ApeX Omni TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Extended TAO-USD
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Hyperliquid TAO
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP