Funding arb · Price arb / Crypto

TAO

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LONGArcus▾Kraken Futures −0.0838%Orderly −0.0168%Popdex −0.0032%Phoenix −0.0027%dYdX 0.0000%Deribit 0.0000%Variational Omni +0.0021%Bullet +0.0028%Polymarket Perps +0.0054%Bybit +0.0067%Paradex +0.0084%Gate +0.0088%Lighter +0.0096%Katana Perps +0.0100%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%OKX +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%SunX +0.0100%HTX +0.0100%Phemex +0.0100%Extended +0.0104%Aevo +0.0104%N1 +0.0120%GMX +0.0150%RISEx +0.0210%Arcus +0.0260%BloFin +0.0340%gTrade (Gains Network) +0.0454%Injective +0.1318%Coinbase International +1.6248%

⇄⇅

SHORTAvantis▾Coinbase International +1.6248%Injective +0.1318%BloFin +0.0340%gTrade (Gains Network) −0.0308%RISEx +0.0210%N1 +0.0120%Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%OKX +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%SunX +0.0100%HTX +0.0100%Phemex +0.0100%Nado +0.0100%Katana Perps +0.0100%Lighter +0.0096%Gate +0.0088%Paradex +0.0084%Bybit +0.0067%Polymarket Perps +0.0054%Bullet +0.0028%Variational Omni +0.0021%dYdX 0.0000%Deribit 0.0000%Phoenix −0.0027%Popdex −0.0032%Avantis +0.0033%GMX +0.0110%Orderly −0.0168%Kraken Futures −0.0838%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ArcusTAO-USD	301.51	+0.0260	pay 0.0032% / 1h	22m 08s	$239K	$554K	5x	Long Arcus5% off
SHORT	AvantisTAO/USD	301.15	L +0.0237S +0.0033	pay 0.0004% / 1h	22m 08s	$56K	—	10x	Short Avantis

Price gap−0.121%

Funding gap−0.0292% /8h

Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.121% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.148% in total, about −0.0071%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.121%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ArcusAvantis

TAO on 42 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$2,000 + $1,000

  Arcus 5x, Avantis 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Arcus · 1h−$7.79

  Short Avantis · 1h−$0.98

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$8.77Long Arcus: 24 payments, −$7.79; short Avantis: 24 payments, −$0.98.
• i
  Note: No 7-day spread history−0.121%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$56K vs $239K OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legArcus No · Avantis No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0071%/8h × 21 periods−$14.81

Price spread−0.121% → 0−$12.10

Slippage, 4 ordersno data for Avantis—

Fee Arcus bp × 2 orders−$4.50

Fee Avantis bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$40.41

Costs to cover0.135%Break-evennever at this rate

Slippage: Arcus: live order book, 3 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGArcus5.1514.7 bp−$1528.9 bp−$289doesn’t fitdoesn’t fit

SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

TAO news

posts that mention TAO, from every exchangeSearch all news →

09-30 01:05	Reya	Listing	TAORUSDPERP no longer reported ($TAO) seen by our collector
09-29 11:00	Bulk	Listing	TAO-USD no longer reported ($TAO) seen by our collector
09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-23 05:00	HTX	Product	TAO, 4STOCK, MON & LIT: APY Boost Is Live! Earn up to 30% APY with limited-time subsidies on Flexible Products. Don’t miss it. Join now >> @HTX_Global on X ↗
09-22 07:03	ApeX Omni	Other	59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗
09-19 11:24	OKX	Contest	New X Drops basket is now live in the EEA. Trade $CP, $SOL, $ZEC, $SUI, $HYPE, $LINK, $TAO, $ARB, $UNI or $NEAR and compete for a share of 150K USDC across four payouts, with a 3x multiplier on all CP trades. Join X Drops Club today. @okx on X ↗