TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Aevo+1.052%70s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as 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−$1281.280% of the position

Long on Aevo Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−1.199%−$120 · spread now +1.052%, 7d avg −0.034%

Together, before fees−1.193%−$119 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 1.086% dearer against Aevo than usual: you sell high and buy low: +$109 more if the spread goes back to its 7-day average of −0.034%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	317.09	0.0104	pay 0.0013% / 1h	37m 41s	$174K	$998	3x
Short	ApeX Omni TAOUSDT	320.42	0.0149	get 0.0019% / 1h	37m 41s	$48K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee ApeX OmnibpOrdersPrice spread, now +1.052%Rate

Funding earned: $9.51
Price spread: +1.052% → −0.034%: $108.58
Slippage, 4 orders: −$102.03
Fee Aevo: 8 bp × 2 orders: −$16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.94
Costs to cover: 1.280%
Break-even: 14.3 days

Slippage from Aevo: live order book, 36 min ago; ApeX Omni: live order book, 34 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 Aevo live order book, 36 min ago	34.18 bp	48.7 bp −$49	299.5 bp −$2,995	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 34 min ago	6.24 bp	14.7 bp −$15	133.1 bp −$1,331	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	−0.1322%	1h	319.84	+0.869%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0733%	4h	316.88	−0.065%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.69	+0.191%	$127K	$88K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	316.82	−0.085%	$20K	$1.5M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.79	−0.093%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.15	+0.020%	$41K	$584K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.54	+0.458%	$92.1M	$444.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.80	+0.541%	$26.0M	$108.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.30	+0.383%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.37	+0.405%	$106.5M	$133.7M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	317.88	+0.251%	$18.2M	$29.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.00	+0.604%	$35.6M	$49.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	320.59	+1.106%	$40K	$292K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.74	−0.109%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.71	−0.118%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.64	+0.175%	$127K	$424K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	317.09	long leg	$174K	$998	3x
Katana Perps TAO-USD	+0.0125%	8h	319.45	+0.746%	$2K	$614K	5x	as long as short
ApeX Omni TAOUSDTshort	+0.0149%	1h	320.42	+1.052%	$48K	$269K	50x
Bullet TAO-USD	+0.0163%	1h	317.17	+0.027%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	316.80	−0.090%	$460K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.30	+0.384%	$377K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.68	+0.818%	$85K	$545K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	317.28	+0.062%	$1.1M	$8.2M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0210%	4h	321.55	+1.409%	$533K	$958K	10x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	318.61	+0.480%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0288%	1h	317.40	+0.099%	$94K	$637K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.00	−0.027%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	318.75	+0.525%	$65.5M	$131.8M	50x	as long as short
Variational Omni TAO	+0.0378%	4h	321.33	+1.337%	$5.6M	$8.6M	—	as long as short
BingX TAO-USDT	+0.0478%	4h	318.66	+0.497%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.90	−0.057%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	322.20	+1.613%	$337K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.59	+0.790%	$23K	$653	12x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	317.07	−0.005%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.34	+0.079%	$365	—	20x	as long as short
Nado TAO-PERP	+0.0811%	1h	317.53	+0.139%	$885K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0862%	1h	317.24	+0.049%	$321K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.03	−0.018%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	318.81	+0.544%	$929K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.54	+0.774%	$423K	$595K	5x	as long as short
Lighter TAO	+0.1536%	1h	318.47	+0.436%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2467%	1h	318.46	+0.433%	$102.9M	$90.5M	5x	as long as short