Funding you earn now, next payment 00:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h −0.051%
Price spread now: Aster against Phoenix+0.772%45s7-day average −0.094% · 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—prices read too far apart to compare
costs, in and out, $10k−$510.508% of the position
Funding, last 5 days (all we have)−0.026%−$3 on $10k
+Price spread, last 3 days (all we have)−0.943%−$94 · spread now +0.772%, 7d avg −0.094%
=Together, before fees−0.969%+ Points / potential airdropAster: Stage 5 · farm board−$97 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.866% dearer against Phoenix than usual: you sell high and buy low (spread +0.772% now, against its 7-day average of −0.094%): +$87 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10.0 days. At the pace of the last 5 days (−0.026% in total) that is about 6 months. The two prices were read 45 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 5 days it paid -0.026% in total (about -1.8% 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 | Phoenix TAO | 317.50 | 0.0525 | pay 0.0066% / 1h | 34m 44s | $332K | $624K | 5x |
| Short | Aster TAOUSDT | 319.95 | 0.0237 | get 0.0118% / 4h | 3h 34m | $1.1M | $8.3M | 50x |
Phoenix TAO
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$60.66
- Price spread: +0.772% → −0.094%
- $86.56
- Slippage, 4 orders
- −$35.83
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$24.94
- Costs to cover
- 0.508%
- Break-even
- from the start
Slippage from Phoenix: live order book, 38 min ago; Aster: 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 Phoenix live order book, 38 min ago | 3.19 bp | 14.6 bp −$15 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 1.73 bp | 7.7 bp −$8 | 25.7 bp −$257 | 696.7 bp −$69.7K | 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 | −0.1322% | 1h | 319.84 | +0.737% | $170K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.0525% | 4h | 319.48 | +0.624% | $3.4M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.67 | +0.998% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.05 | +0.488% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.60 | +0.661% | $42K | $587K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 320.97 | +1.093% | $92.5M | $446.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 321.40 | +1.228% | $26.3M | $109.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.00 | +1.102% | $13.0M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 321.17 | +1.156% | $108.4M | $134.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.64 | +0.989% | $18.3M | $29.1M | 75x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 321.16 | +1.153% | $35.8M | $50.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.20 | +0.222% | $40K | $292K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.52 | −0.308% | $524K | $960K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.60 | +0.661% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.21 | +0.539% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.94 | +0.769% | $128K | $424K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.99 | +0.784% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 320.43 | +0.923% | $2K | $616K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0089% | 1h | 319.09 | +0.500% | $463K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0175% | 1h | 319.24 | +0.548% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 321.07 | +1.125% | $380K | $374K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 321.48 | +1.254% | $85K | $550K | 5x | as long as short |
| Aster TAOUSDTshort | +0.0237% | 4h | 319.95 | +0.772% | $1.1M | $8.3M | 50x | |
| Paradex TAO-USD-PERP | +0.0243% | 8h | 321.22 | +1.172% | $15K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0263% | 1h | 319.61 | +0.666% | $18K | $1.6M | 25x | as long as short |
| Polymarket Perps TAO-USD | +0.0330% | 1h | 319.75 | +0.709% | $94K | $638K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.99 | +0.784% | $4.5M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0344% | 1h | 319.23 | +0.545% | $48K | $266K | 50x | as long as short |
| Variational Omni TAO | +0.0398% | 4h | 320.33 | +0.890% | $5.6M | $8.7M | — | as long as short |
| BingX TAO-USDT | +0.0428% | 4h | 321.52 | +1.266% | — | $30.5M | — | as long as short |
| Bybit TAOUSDT | +0.0450% | 4h | 321.44 | +1.241% | $66.0M | $132.8M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0480% | 1h | 319.57 | +0.652% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAOlong | +0.0525% | 1h | 317.50 | long leg | $332K | $624K | 5x | |
| Injective TAO/USDC PERP | +0.0571% | 1h | 319.79 | +0.721% | $23K | $666 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 321.22 | +1.172% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.24 | +0.549% | $367 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0772% | 1h | 319.34 | +0.579% | $889K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0894% | 1h | 319.95 | +0.772% | $323K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 320.02 | +0.794% | $1.5M | $6.2M | 50x | as long as short |
| Extended TAO-USD | +0.1128% | 1h | 321.47 | +1.250% | $936K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 321.13 | +1.143% | $427K | $600K | 5x | as long as short |
| Lighter TAO | +0.1488% | 1h | 321.48 | +1.254% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2379% | 1h | 321.17 | +1.154% | $103.7M | $90.7M | 5x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Polymarket Perps TAO-USD
BloFin TAO-USDT
ApeX Omni TAOUSDT
Variational Omni TAO
BingX TAO-USDT
Bybit TAOUSDT
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO