Funding you earn now, next payment 21:00 UTC+0.0860%/8h= +94.2% APRnext payment +$1.08 per $10,000 · paid last 24h +0.200%
Price spread now: Coinbase International against Pacifica+1.029%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs+$37as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.472%+$47 on $10k
+Price spread, last 3 days (all we have)−0.907%−$91 · spread now +1.029%, 7d avg +0.171%
=Together, before fees−0.435%+ Points / potential airdropPacifica: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Coinbase International is 0.858% dearer against Pacifica than usual: you sell high and buy low: +$86 more if the spread goes back to its 7-day average of +0.171%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.472% in total (about 24.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.08 per $10,000. 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 | Pacifica TAO | 308.45 | 0.0100 | pay 0.0013% / 1h | 5m 25s | $364K | $368K | 10x |
| Short | Coinbase International TAO-PERP-INTX | 311.63 | 0.0960 | get 0.0120% / 1h | 5m 25s | $1.5M | $5.5M | 50x |
Pacifica TAO
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Pacifica. 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
- $180.6
- Price spread: +1.029% → +0.171%
- $85.81
- Slippage, 4 orders
- −$30.6
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $217.8
- Costs to cover
- 0.486%
- Break-even
- from the start
Slippage from Pacifica: live order book, 18 min ago; Coinbase International: live order book, 4 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 Pacifica live order book, 18 min ago | 1.63 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 9.65 bp | 14.6 bp −$15 | 19.6 bp −$196 | 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 | −0.0601% | 1h | 309.73 | +0.413% | $203K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 308.01 | −0.144% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 307.84 | −0.199% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 308.20 | −0.083% | $43K | $531K | 20x | as long as short |
| Pacifica TAOlong | +0.0100% | 1h | 308.45 | long leg | $364K | $368K | 10x | |
| Binance TAOUSDT | +0.0100% | 4h | 308.08 | −0.121% | $86.4M | $405.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.08 | −0.122% | $59.9M | $119.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.10 | −0.115% | $25.4M | $93.7M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.62 | +0.053% | $138K | $584K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 307.90 | −0.180% | $12.3M | $48.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 308.04 | −0.135% | $118.9M | $126.7M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.94 | −0.167% | $18.8M | $26.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.94 | −0.167% | $34.4M | $44.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.02 | −0.141% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 308.45 | −0.001% | $3.7M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 308.32 | −0.042% | $40K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.18 | +0.235% | $550K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.59 | +0.368% | $46K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.14 | −0.102% | $78K | $662K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.11 | −0.113% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.95 | −0.164% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.94 | −0.167% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 308.58 | +0.041% | $122K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.93 | +0.154% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.15 | −0.099% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 308.29 | −0.053% | $2K | $461K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0111% | 1h | 308.02 | −0.140% | $11K | $1.3M | 25x | as long as short |
| Aster TAOUSDT | +0.0156% | 4h | 308.06 | −0.128% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0159% | 8h | 308.24 | −0.070% | $14K | $1K | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 309.10 | +0.209% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0304% | 1h | 308.13 | −0.107% | $850K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 309.54 | +0.352% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0485% / S −0.0184% | 1h | 307.80 | −0.213% | $452K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0544% | 1h | 308.65 | +0.063% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.04 | −0.133% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0768% | 1h | 308.22 | −0.077% | $907K | $2.0M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0901% | 1h | 308.63 | +0.057% | $384K | $754K | 10x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0960% | 1h | 311.63 | +1.029% | $1.5M | $5.5M | 50x | |
| Lighter TAO | +0.0976% | 1h | 308.63 | +0.057% | $1.7M | $4.8M | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1022% | 1h | 308.54 | +0.028% | $6.4M | $19.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 308.39 | −0.022% | $412K | $542K | 5x | as long as short |
| Hyperliquid TAO | +0.1855% | 1h | 308.72 | +0.086% | $96.7M | $77.6M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.089% | $22K | $271 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Paradex TAO-USD-PERP
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Backpack TAO_USDC_PERP
Lighter TAO
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP