TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0471%/8h= +51.5% APRnext payment +$0.59 per $10,000 · paid last 24h +0.223%

Price spread now: Coinbase International against Arcus+0.101%7-day average +0.110% · 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−$54as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.506%+$51 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.101%, 7d avg +0.110%

Together, before fees+0.530%+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	318.14	0.0473	pay 0.0059% / 1h	58m 52s	$100K	$383K	5x
Short	Coinbase International TAO-PERP-INTX	318.46	0.0944	get 0.0118% / 1h	58m 52s	$1.2M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.101%Rate

Funding earned: $98.81
Price spread: +0.101% → +0.110%: −$0.9
Slippage, 4 orders: −$38.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $45.01
Costs to cover: 0.529%
Break-even: 3.8 days

Slippage from Arcus: live order book, 40 min ago; Coinbase International: live order book, 5 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 Arcus live order book, 40 min ago	9.78 bp	13.1 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.50 bp	12.7 bp −$13	17.1 bp −$171	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.53	−0.191%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0065%	1h	317.56	−0.184%	$128K	$86K	5x	as long as short
Nado TAO-PERP	+0.0100%	1h	317.79	−0.111%	$777K	$2.0M	10x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.31	+0.053%	$70.0M	$157.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	+0.019%	$26.5M	$131.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.90	−0.075%	$14.8M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.89	−0.079%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.99	−0.047%	$35.8M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.78	−0.113%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.57	−0.179%	$2K	$2.0M	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.69	−0.141%	$116K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.55	−0.187%	$405K	—	100x	as long as short
Bullet TAO-USD	+0.0120%	1h	317.90	−0.076%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.08	−0.017%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−0.217%	$46K	$259K	50x	as long as short
MEXC TAO_USDT	+0.0176%	4h	318.21	+0.022%	$104.4M	$151.1M	300x	as long as short
Binance TAOUSDT	+0.0177%	4h	318.21	+0.022%	$93.1M	$533.2M	75x	as long as short
Popdex TAOUSDT	+0.0184%	1h	317.75	−0.123%	$49K	$717K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0186%	4h	318.05	−0.028%	$52K	$295K	10x	as long as short
edgeX TAOUSDC	+0.0189%	4h	317.56	−0.182%	$42K	$321K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.068%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.22	+0.024%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0272%	1h	318.08	−0.018%	$15K	$1.9M	25x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.02	−0.038%	—	$37.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0300%	4h	318.61	+0.148%	$542K	$896K	10x	as long as short
Pacifica TAO	+0.0313%	1h	318.06	−0.026%	$373K	$454K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	318.19	+0.014%	$1.3M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	318.07	−0.023%	$904K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0404%	1h	317.98	−0.050%	$94.1M	$110.3M	5x	as long as short
Phemex TAOUSDT	+0.0413%	4h	317.85	−0.091%	$3.2M	$8.1M	50x	as long as short
BloFin TAO-USDT	+0.0417%	4h	318.13	−0.003%	$4.8M	$11.0M	100x	as long as short
Arcus TAO-USDlong	+0.0473%	1h	318.14	long leg	$100K	$383K	5x
01 Exchange TAOUSD	+0.0512%	1h	317.99	−0.047%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0560%	1h	318.18	+0.012%	$1.6M	$6.6M	5x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.233%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.20	+0.019%	$320K	$699K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.93	−0.065%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0761%	1h	317.98	−0.050%	$434K	$992K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0782%	1h	318.12	−0.006%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	317.78	−0.114%	$448K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0944%	1h	318.46	+0.101%	$1.2M	$7.2M	50x
Injective TAO/USDC PERP	+0.3512%	1h	322.44	+1.352%	$23K	$2K	12x	as long as short