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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h 0.000%
Price spread now: OKX against ApeX Omni+0.505%90s7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as 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−$530.531% of the position
Long on ApeX OmniShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 3 days (all we have)−0.647%−$65 · spread now +0.505%, 7d avg −0.055%
Together, before fees−0.705%−$70 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.561% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.505% now, against its 7-day average of −0.055%): +$56 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 20 days. At the pace of the last 7 days (−0.058% in total) that is about 2 months. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TAOUSDT318.590.0192pay 0.0024% / 1h36m 06s$48K$266K50x
ShortOKX TAO-USDT-SWAP320.200.0100get 0.0100% / 8h7h 36m$26.2M$108.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$19.35
Price spread: +0.505% → −0.055%
$56.07
Slippage, 4 orders
−$33.15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$16.43
Costs to cover
0.531%
Break-even
from the start
Slippage from ApeX Omni: live order book, 36 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 36 min ago6.24 bp14.0 bp −$14113.5 bp −$1,135doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago3.15 bp12.0 bp −$1221.1 bp −$21165.5 bp −$6,548doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1322%1h319.84+0.392%$170K$44K10xas long as short
Phemex TAOUSDT−0.0658%4h319.31+0.226%$3.5M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h319.25+0.207%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.70+0.349%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.26+0.210%$43K$586K20xas long as short
Binance TAOUSDT+0.0100%4h320.10+0.475%$92.6M$445.6M75xas long as short
OKX TAO-USDT-SWAPshort+0.0100%8h320.20+0.505%$26.2M$108.7M50x
Gate TAO_USDT+0.0100%4h319.50+0.286%$13.0M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h319.68+0.342%$107.5M$134.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.69+0.345%$18.3M$29.1M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h319.60+0.317%$35.7M$50.1M50xas long as short
edgeX TAOUSDC+0.0100%4h318.20−0.121%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h316.52−0.649%$524K$960K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.83+0.389%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h319.90+0.411%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h320.06+0.461%$128K$424K20xas long as short
Aevo TAO-PERP+0.0104%1h320.33+0.545%$176K$9983xas long as short
Katana Perps TAO-USD+0.0122%8h319.34+0.235%$2K$615K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0089%1h319.76+0.367%$463K—100xas long as short
Bullet TAO-USD+0.0174%1h320.09+0.471%$12K$18K20xas long as short
Pacifica TAO+0.0185%1h319.84+0.392%$379K$374K10xas long as short
ApeX Omni TAOUSDTlong+0.0192%1h318.59long leg$48K$266K50x
Arcus TAO-USD+0.0201%1h319.88+0.405%$85K$550K5xas long as short
Aster TAOUSDT+0.0228%4h319.80+0.379%$1.1M$8.3M50xas long as short
Paradex TAO-USD-PERP+0.0238%8h319.71+0.352%$15K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0247%1h320.03+0.450%$18K$1.6M25xas long as short
Polymarket Perps TAO-USD+0.0310%1h319.65+0.333%$94K$638K5xas long as short
BloFin TAO-USDT+0.0340%4h319.91+0.414%$4.5M$10.9M100xas long as short
Bybit TAOUSDT+0.0364%4h320.30+0.537%$65.8M$132.5M50xas long as short
Variational Omni TAO+0.0398%4h320.33+0.545%$5.6M$8.7M—as long as short
BingX TAO-USDT+0.0428%4h319.74+0.361%—$30.5M—as long as short
Kraken Futures PF_TAOUSD+0.0479%1h319.81+0.383%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h317.50−0.342%$332K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h318.09−0.157%$23K$66512xas long as short
01 Exchange TAOUSD+0.0672%1h319.75+0.364%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h319.52+0.292%$367—20xas long as short
Nado TAO-PERP+0.0778%1h318.91+0.100%$891K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0890%1h319.98+0.436%$323K$819K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.95+0.427%$1.5M$6.2M50xas long as short
Extended TAO-USD+0.1120%1h320.13+0.482%$934K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.73+0.359%$425K$600K5xas long as short
Lighter TAO+0.1528%1h320.00+0.444%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2416%1h320.11+0.477%$103.4M$90.6M5xas long as short