TAO

Alert: funding

Alert: spread

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 ApeX Omni+0.399%7-day average +0.149% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.477%+$48 on $10k

Price spread, last 3 days (all we have)−0.334%−$33 · spread now +0.399%, 7d avg +0.149%

Together, before fees+0.143%+$14 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 0.250% dearer against ApeX Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.149%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.477% in total (about 24.9% 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	ApeX Omni TAOUSDT	307.95	0.0100	pay 0.0013% / 1h	20m 41s	$46K	$268K	50x
Short	Coinbase International TAO-PERP-INTX	309.18	0.0960	get 0.0120% / 1h	20m 41s	$1.5M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.399%Rate

Funding earned: $180.6
Price spread: +0.399% → +0.149%: $25.03
Slippage, 4 orders: −$34.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $151.3
Costs to cover: 0.543%
Break-even: 1.1 days

Slippage from ApeX Omni: live order book, 1 min ago; Coinbase International: live order book, 3 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 ApeX Omni live order book, 1 min ago	4.86 bp	13.2 bp −$13	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	7.93 bp	15.4 bp −$15	21.2 bp −$212	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
dYdX TAO-USD	0.0000%	1h	306.68	−0.412%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.94	−0.005%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0034%	1h	308.35	+0.130%	$16K	$1.3M	25x	as long as short
Bulk TAO-USD	+0.0052%	1h	305.44	−0.815%	$200K	$57K	10x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.91	−0.338%	$41K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.12	−0.270%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.91	−0.339%	$85.8M	$404.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.95	−0.325%	$59.4M	$118.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.00	−0.308%	$25.3M	$93.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.42	−0.172%	$137K	$599K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	306.70	−0.406%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.89	−0.344%	$115.1M	$124.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.39	−0.182%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.69	−0.409%	$34.4M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.86	−0.354%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.666%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.92	−0.010%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.12	−0.270%	$538K	$967K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	307.95	long leg	$46K	$268K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	308.45	+0.162%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.16	+0.068%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.28	+0.107%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.23	+0.091%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.36	+0.133%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.19	+0.078%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.48	+0.174%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	306.91	−0.338%	$877	$438K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	306.89	−0.345%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0169%	4h	307.24	−0.232%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.98	+0.009%	$440K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.90	−0.016%	$326K	$462K	5x	as long as short
Nado TAO-PERP	+0.0290%	1h	308.33	+0.124%	$846K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.32	+0.120%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0512%	1h	307.21	−0.240%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.72	−0.075%	$354	—	20x	as long as short
Extended TAO-USD	+0.0712%	1h	306.87	−0.352%	$902K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	307.06	−0.290%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0960%	1h	309.18	+0.399%	$1.5M	$5.4M	50x
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.52	+0.185%	$6.3M	$19.2M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.09	−0.279%	$411K	$539K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1081%	1h	308.30	+0.114%	$445K	$715K	10x	as long as short
Hyperliquid TAO	+0.1735%	1h	308.09	+0.045%	$94.3M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.646%	$22K	$171	12x	as long as short