TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0053%/8h= −5.8% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against ApeX Omni+0.822%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$37as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on ApeX Omni Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−2.412%−$241 · spread now +0.822%, 7d avg −0.037%

Together, before fees−2.416%−$242 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.859% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.822% now, against its 7-day average of −0.037%): +$86 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 54 days. At the pace of the last 3 days (−0.004% in total) that is about 24 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	316.28	0.0149	pay 0.0019% / 1h	3m 06s	$47K	$253K	50x
Short	Popdex TAOUSDT	318.88	0.0096	get 0.0012% / 1h	3m 06s	$44K	$645K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.822%Rate

Funding earned: −$11.07
Price spread: +0.822% → −0.037%: $85.93
Slippage, 4 orders: −$32.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $26.33
Costs to cover: 0.485%
Break-even: from the start

Slippage from ApeX Omni: live order book, 64 min ago; Popdex: live order book, 1 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, 64 min ago	5.51 bp	12.7 bp −$13	108.4 bp −$1,084	doesn't fit	doesn't fit
Sell Popdex live order book, 1 min ago	2.04 bp	10.2 bp −$10	81.2 bp −$812	doesn't fit	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−0.316%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.58	+0.727%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.10	+0.575%	$10K	—	150x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	318.88	+0.822%	$44K	$645K	20x
Binance TAOUSDT	+0.0100%	4h	317.39	+0.351%	$91.5M	$466.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	+0.322%	$26.4M	$114.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	+0.417%	$13.0M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.90	+0.512%	$103.5M	$140.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.09	+0.572%	$18.0M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.13	+0.269%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.38	+0.030%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.90	+0.828%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.45	+0.686%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.96	+0.531%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.34	+0.651%	$130K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.79	+0.477%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.66	+0.753%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	318.76	+0.784%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDTlong	+0.0149%	1h	316.28	long leg	$47K	$253K	50x
Kraken Futures PF_TAOUSD	+0.0166%	1h	318.11	+0.579%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0103%	1h	317.96	+0.531%	$433K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	316.84	+0.177%	$527K	$957K	10x	as long as short
Bullet TAO-USD	+0.0230%	1h	318.27	+0.629%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0273%	4h	318.15	+0.592%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	318.87	+0.820%	$371K	$396K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	319.08	+0.885%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0363%	8h	318.79	+0.795%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.565%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0521%	1h	318.73	+0.775%	$761K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0526%	1h	318.33	+0.647%	$14K	$1.6M	25x	as long as short
Phoenix TAO	+0.0588%	1h	317.40	+0.354%	$333K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	319.20	+0.923%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.37	+0.661%	$366	—	20x	as long as short
Bybit TAOUSDT	+0.0739%	4h	317.46	+0.373%	$67.3M	$138.1M	50x	as long as short
BingX TAO-USDT	+0.0768%	4h	317.90	+0.512%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	+0.082%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0896%	1h	318.14	+0.590%	$906K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0926%	1h	317.84	+0.493%	$321K	$806K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.52	+1.024%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	318.91	+0.832%	$450K	$625K	5x	as long as short
Hyperliquid TAO	+0.1347%	1h	318.06	+0.563%	$100.1M	$97.2M	5x	as long as short
Lighter TAO	+0.1384%	1h	318.69	+0.760%	$1.6M	$6.1M	5x	as long as short