TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h 0.000%

Price spread now: Bullet against Arcus−0.551%47s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bullet is 0.551% cheaper against Arcus than usual: you would sell low and buy high (−$55 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	319.59	0.0186	pay 0.0023% / 1h	59m 42s	$84K	$545K	5x
Short	Bullet TAO-USD	317.83	0.0100	get 0.0013% / 1h	59m 42s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Arcus. 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 ArcusbpFee BulletbpOrdersPrice spread, now −0.551%Rate

Funding earned: −$18.08
Price spread: −0.551% → 0.000%: −$55.07
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$85.66
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 14 min ago; Bullet: no order-book sample. Net counts fees only.

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 Arcus live order book, 14 min ago	8.66 bp	11.4 bp −$11	21.4 bp −$214	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2086%	1h	311.96	−2.387%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.20	−0.122%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.25	−0.732%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−1.399%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.36	−0.698%	$39K	$569K	20x	as long as short
Pacifica TAO	+0.0100%	1h	319.44	−0.048%	$378K	$371K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.84	−0.235%	$90.5M	$434.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.32	−0.084%	$65.4M	$129.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.10	−0.153%	$25.8M	$105.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	+0.003%	$12.8M	$50.8M	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	319.34	−0.078%	$114.5M	$130.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.62	+0.009%	$19.0M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.25	−0.106%	$35.8M	$48.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	319.17	−0.131%	—	$30.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.07	−1.101%	$41K	$282K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−2.094%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.22	−1.054%	$47K	$268K	50x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	317.83	−0.551%	$12K	$17K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	317.86	−0.541%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.96	−0.510%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.76	−0.573%	$127K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.87	−0.538%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.31	−0.402%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	317.54	−0.641%	$2K	$577K	5x	as long as short
Polymarket Perps TAO-USD	+0.0122%	1h	317.67	−0.601%	$77K	$450K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	317.46	−0.665%	$453K	—	100x	as long as short
Arcus TAO-USDlong	+0.0186%	1h	319.59	long leg	$84K	$545K	5x
Aster TAOUSDT	+0.0194%	4h	319.12	−0.147%	$1.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0210%	8h	319.53	−0.019%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0233%	4h	316.35	−1.013%	$5.4M	$8.5M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0305%	1h	318.04	−0.484%	$30K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.54	−0.641%	$4.4M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0417%	1h	317.33	−0.708%	$861K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0442%	1h	318.08	−0.472%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−1.061%	$331K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0562%	1h	318.31	−0.401%	$317K	$816K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	317.98	−0.504%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.42	−0.680%	$365	—	20x	as long as short
Extended TAO-USD	+0.0912%	1h	319.62	+0.008%	$922K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	318.22	−0.429%	$1.5M	$5.9M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.47	−0.038%	$422K	$584K	5x	as long as short
Lighter TAO	+0.1208%	1h	319.51	−0.026%	$1.7M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.3663%	1h	320.43	+0.263%	$104.2M	$87.2M	5x	as long as short