Funding you earn now, next payment 07:00 UTC+0.0541%/8h= +59.3% APRpaid last 24h +0.020%
Price spread now: Arcus against OKX+0.019%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$430.426% of the position
Funding, last 4 days (all we have)+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.019%, 7d avg +0.102%
=Funding pays, the price is against you. Arcus is 0.083% cheaper against OKX than usual: you would sell low and buy high (spread +0.019% now, against its 7-day average of +0.102%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$16 a day). At the pace of the last 4 days (+0.029% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.029% in total (about 2.9% 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 | OKX TAO-USDT-SWAP | 319.50 | 0.0100 | pay 0.0100% / 8h | 1h 28m | $26.6M | $129.7M | 50x |
| Short | Arcus TAO-USD | 319.56 | 0.0641 | get 0.0080% / 1h | 28m 06s | $103K | $394K | 5x |
OKX TAO-USDT-SWAP
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against OKX. 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
- $113.71
- Price spread: +0.019% → +0.102%
- −$8.35
- Slippage, 4 orders
- −$28.14
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $62.72
- Costs to cover
- 0.426%
- Break-even
- 3.1 days
Slippage from OKX: live order book, 6 min ago; Arcus: live order book, 16 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 OKX live order book, 6 min ago | 1.56 bp | 9.3 bp −$9 | 18.1 bp −$181 | 118.3 bp −$11.8K | doesn't fit |
| Sell Arcus live order book, 16 min ago | 3.28 bp | 14.8 bp −$15 | 28.2 bp −$282 | 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 | −0.1995% | 1h | 319.47 | −0.009% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.13 | −0.116% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.02 | −0.151% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.13 | −0.116% | $42K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAPlong | +0.0100% | 8h | 319.50 | long leg | $26.6M | $129.7M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 319.10 | −0.125% | $14.2M | $52.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.26 | −0.075% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.35 | −0.047% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.266% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.06 | −0.138% | $91K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
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 | 319.13 | −0.116% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.75 | −0.235% | $118K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.00 | −0.156% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0149% | 1h | 318.95 | −0.172% | $426K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.41 | −0.027% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.26 | −0.075% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | +0.099% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 319.42 | −0.025% | $105.7M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 319.57 | +0.023% | $92.5M | $529.1M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 319.14 | −0.112% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0295% | 4h | 319.54 | +0.013% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 319.52 | +0.005% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0334% | 4h | 319.62 | +0.038% | $70.0M | $156.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0345% | 4h | 319.37 | −0.041% | — | $34.5M | — | as long as short |
| Bullet TAO-USD | +0.0387% | 1h | 319.39 | −0.034% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | +0.023% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0410% | 4h | 319.36 | −0.044% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 319.27 | −0.071% | $911K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.31 | −0.061% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | +0.172% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0556% | 1h | 319.13 | −0.117% | $794K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.094% | $318K | $709K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.41 | −0.028% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0633% | 1h | 319.56 | +0.019% | $94.4M | $110.3M | 5x | as long as short |
| Arcus TAO-USDshort | +0.0641% | 1h | 319.56 | +0.019% | $103K | $394K | 5x | |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | −0.079% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0706% | 1h | 319.43 | −0.022% | $298K | $905K | 10x | as long as short |
| Lighter TAO | +0.0728% | 1h | 319.53 | +0.009% | $1.5M | $6.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0751% | 1h | 319.33 | −0.052% | $15K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.68 | +0.369% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.04 | −0.143% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.35 | −0.048% | $5.9M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +1.233% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Hyperliquid TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP