TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Pacifica against Aevo+0.220%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1331.327% of the position

Long on Aevo Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.220%, 7d avg −0.017%

Together, before fees−0.278%+ Points / potential airdropPacifica: Active · farm board−$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.236% dearer against Aevo than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	313.90	0.0104	pay 0.0013% / 1h	55m 52s	$172K	$998	3x
Short	Pacifica TAO	314.59	0.0100	get 0.0013% / 1h	55m 52s	$372K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.220%Rate

Funding earned: −$0.84
Price spread: +0.220% → −0.017%: $23.64
Slippage, 4 orders: −$108.69
Fee Aevo: 8 bp × 2 orders: −$16
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$109.89
Costs to cover: 1.327%
Break-even: never at this rate

Slippage from Aevo: live order book, 23 min ago; Pacifica: live order book, 23 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, 23 min ago	38.86 bp	55.6 bp −$56	295.0 bp −$2,950	doesn't fit	doesn't fit
Sell Pacifica live order book, 23 min ago	3.43 bp	10.0 bp −$10	doesn't fit	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	−0.1120%	1h	305.94	−2.536%	$164K	$52K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.07	+0.054%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.65	−0.081%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	308.73	−1.647%	$22K	$259	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.87	−0.010%	$40K	$548K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	314.59	+0.220%	$372K	$370K	10x
Binance TAOUSDT	+0.0100%	4h	313.97	+0.022%	$88.4M	$419.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.06	+0.051%	$61.2M	$122.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	0.000%	$25.3M	$99.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.80	−0.032%	$12.6M	$48.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.90	0.000%	$120.3M	$125.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.15	+0.080%	$19.0M	$27.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.95	+0.016%	$35.1M	$45.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.93	+0.010%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.23	−0.213%	$41K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.77	−0.679%	$515K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.04	−0.274%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.74	−0.051%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.66	−0.076%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.55	+0.207%	$128K	$389K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.69	−0.067%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	313.90	long leg	$172K	$998	3x
Katana Perps TAO-USD	+0.0110%	8h	314.27	+0.118%	$1K	$528K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0124%	1h	313.76	−0.044%	$19K	$1.4M	25x	as long as short
Variational Omni TAO	+0.0136%	4h	310.79	−0.990%	$3.8M	$6.8M	—	as long as short
Bullet TAO-USD	+0.0139%	1h	314.02	+0.038%	$12K	$17K	20x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.32	+0.134%	$81K	$644K	5x	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	314.31	+0.129%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0214%	4h	313.89	−0.003%	$1.1M	$7.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0302%	1h	314.30	+0.127%	$77K	$547K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.25	+0.112%	$4.3M	$9.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.83	−0.023%	$5.8M	$19.7M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.69	−0.067%	$449K	—	100x	as long as short
Phoenix TAO	+0.0521%	1h	313.80	−0.032%	$328K	$521K	5x	as long as short
Nado TAO-PERP	+0.0546%	1h	314.13	+0.074%	$864K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0683%	1h	314.17	+0.086%	$301K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	314.20	+0.094%	$361	—	20x	as long as short
Extended TAO-USD	+0.0768%	1h	313.86	−0.011%	$868K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.55	+0.207%	$1.5M	$5.7M	50x	as long as short
01 Exchange TAOUSD	+0.1072%	1h	314.45	+0.175%	$3K	$4K	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.29	+0.124%	$433K	$537K	5x	as long as short
Lighter TAO	+0.1288%	1h	314.19	+0.091%	$1.7M	$5.7M	5x	as long as short
Hyperliquid TAO	+0.2414%	1h	314.78	+0.280%	$98.5M	$82.6M	5x	as long as short