Funding you earn now, next payment 06:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h +0.094%
Price spread now: Phoenix against MEXC+0.283%47s7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as 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−$440.442% of the position
Funding, last 7 days+0.239%+$24 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.283%, 7d avg +0.138%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.145% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.138%. The two prices were read 47 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 0.239% in total (about 12.5% 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 | MEXC TAO_USDT | 321.49 | 0.0208 | pay 0.0104% / 4h | 1h 18m | $107.4M | $151.0M | 300x |
| Short | Phoenix TAO | 322.40 | 0.0567 | get 0.0071% / 1h | 18m 34s | $321K | $709K | 5x |
MEXC TAO_USDT
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against MEXC. 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
- $75.4
- Price spread: +0.283% → +0.138%
- $14.49
- Slippage, 4 orders
- −$37.21
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.67
- Costs to cover
- 0.442%
- Break-even
- 2.8 days
Slippage from MEXC: live order book, 6 min ago; Phoenix: live order book, 24 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 MEXC live order book, 6 min ago | 1.08 bp | 3.1 bp −$3 | 13.1 bp −$131 | 51.4 bp −$5,145 | 168.4 bp −$84.2K |
| Sell Phoenix live order book, 24 min ago | 3.12 bp | 18.9 bp −$19 | 28.1 bp −$281 | 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 | −0.2264% | 1h | 322.24 | +0.234% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 321.78 | +0.090% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 322.52 | +0.322% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.88 | +0.121% | $44K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 321.40 | −0.028% | $26.8M | $130.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.20 | −0.090% | $14.4M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.38 | −0.034% | $18.0M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 321.25 | −0.075% | $36.1M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 322.46 | +0.302% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.87 | +0.118% | $85K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 321.68 | +0.059% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 321.36 | −0.040% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 321.68 | +0.059% | $2K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0116% / S +0.0151% | 1h | 321.58 | +0.028% | $430K | — | 100x | as long as short |
| Orderly PERP_TAO_USDC | +0.0126% | 4h | 321.85 | +0.112% | $54K | $293K | 10x | as long as short |
| Aevo TAO-PERP | +0.0136% | 1h | 322.04 | +0.173% | $177K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0198% | 4h | 322.77 | +0.398% | $43K | $317K | 10x | as long as short |
| Binance TAOUSDT | +0.0206% | 4h | 321.83 | +0.105% | $93.4M | $527.8M | 75x | as long as short |
| MEXC TAO_USDTlong | +0.0208% | 4h | 321.49 | long leg | $107.4M | $151.0M | 300x | |
| Paradex TAO-USD-PERP | +0.0277% | 8h | 321.53 | +0.012% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0316% | 4h | 321.63 | +0.044% | $70.7M | $156.0M | 50x | as long as short |
| Phemex TAOUSDT | +0.0319% | 4h | 321.97 | +0.149% | $3.3M | $8.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0346% | 4h | 321.54 | +0.016% | — | $34.6M | — | as long as short |
| Aster TAOUSDT | +0.0373% | 4h | 321.79 | +0.092% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0375% | 1h | 321.90 | +0.128% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0436% | 4h | 322.51 | +0.316% | $547K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0448% | 1h | 321.42 | −0.021% | $918K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0448% | 4h | 322.07 | +0.180% | $4.7M | $11.1M | 100x | as long as short |
| Nado TAO-PERP | +0.0519% | 1h | 321.85 | +0.113% | $800K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.49 | −0.001% | $366K | $428K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 322.87 | +0.429% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAOshort | +0.0567% | 1h | 322.40 | +0.283% | $321K | $709K | 5x | |
| Deribit TAO_USDC-PERPETUAL | +0.0617% | 1h | 321.84 | +0.109% | $26K | $1.9M | 25x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.81 | +0.100% | $104K | $389K | 5x | as long as short |
| Hyperliquid TAO | +0.0661% | 1h | 321.73 | +0.075% | $95.2M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 321.95 | +0.143% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 321.84 | +0.109% | $370 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0731% | 1h | 321.62 | +0.040% | $300K | $905K | 10x | as long as short |
| Lighter TAO | +0.0760% | 1h | 321.63 | +0.045% | $1.6M | $6.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 322.77 | +0.398% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.72 | +0.072% | $454K | $670K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1147% | 1h | 321.87 | +0.120% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 325.94 | +1.384% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Orderly PERP_TAO_USDC
Aevo TAO-PERP
edgeX TAOUSDC
Binance TAOUSDT
Paradex TAO-USD-PERP
Bybit TAOUSDT
Phemex TAOUSDT
BingX TAO-USDT
Aster TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
Extended TAO-USD
BloFin TAO-USDT
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Arcus TAO-USD
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP