Funding you earn now, next payment 23:00 UTC+0.0319%/8h= +34.9% APRnext payment +$0.40 per $10,000 · paid last 24h −0.054%
Price spread now: Extended against Phoenix−0.193%48s7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as 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−$430.427% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)−0.178%−$18 · spread now −0.193%, 7d avg −0.189%
=Together, before fees−0.252%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.189%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 48 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 -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.40 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 | Phoenix TAO | 312.90 | 0.0537 | pay 0.0067% / 1h | 18m 21s | $327K | $521K | 5x |
| Short | Extended TAO-USD | 312.30 | 0.0856 | get 0.0107% / 1h | 18m 21s | $859K | $2.1M | 25x |
Phoenix TAO
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $66.94
- Price spread: −0.193% → −0.189%
- −$0.37
- Slippage, 4 orders
- −$30.71
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $23.85
- Costs to cover
- 0.427%
- Break-even
- 4.5 days
Slippage from Phoenix: live order book, 59 min ago; Extended: live order book, 5 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, 59 min ago | 3.27 bp | 12.3 bp −$12 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Extended live order book, 5 min ago | 2.41 bp | 4.9 bp −$5 | 6.6 bp −$66 | 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 | −0.2753% | 1h | 312.56 | −0.109% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 311.58 | −0.422% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 311.94 | −0.306% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.655% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.25 | −0.208% | $37K | $565K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.02 | −0.283% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.21 | −0.221% | $88.6M | $427.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.14 | −0.243% | $61.4M | $125.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.90 | −0.320% | $25.1M | $101.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.00 | −0.288% | $12.4M | $50.2M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 312.16 | −0.236% | $110.3M | $131.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.20 | −0.224% | $18.5M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 311.99 | −0.291% | $34.9M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.12 | −0.249% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.448% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.50 | −0.127% | $518K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.35 | −0.495% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.32 | −0.185% | $76K | $466K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.17 | −0.232% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 311.99 | −0.291% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.36 | −0.173% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.53 | −0.118% | $127K | $410K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.59 | −0.099% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.68 | −0.070% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.14 | −0.243% | $2K | $557K | 5x | as long as short |
| Aster TAOUSDT | +0.0175% | 4h | 312.12 | −0.249% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.56 | −0.109% | $83K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0188% | 8h | 312.32 | −0.184% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0218% | 4h | 312.89 | −0.002% | $3.9M | $7.1M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0248% | 1h | 312.50 | −0.129% | $21K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.58 | −0.102% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.51 | −0.126% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0457% | 1h | 312.21 | −0.221% | $822K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 311.85 | −0.337% | $447K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0516% | 1h | 312.62 | −0.089% | $292K | $803K | 10x | as long as short |
| Phoenix TAOlong | +0.0537% | 1h | 312.90 | long leg | $327K | $521K | 5x | |
| 01 Exchange TAOUSD | +0.0600% | 1h | 312.51 | −0.125% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.16 | −0.238% | $359 | — | 20x | as long as short |
| Extended TAO-USDshort | +0.0856% | 1h | 312.30 | −0.193% | $859K | $2.1M | 25x | |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.118% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1208% | 1h | 312.25 | −0.206% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.42 | −0.152% | $413K | $578K | 5x | as long as short |
| Hyperliquid TAO | +0.1631% | 1h | 312.61 | −0.093% | $97.4M | $84.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Aster TAOUSDT
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO