TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0161%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.008%

Price spread now: Pacifica against Arcus−0.052%7-day average −0.069% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.052%, 7d avg −0.069%

Together, before fees−0.057%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$5 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	319.12	0.0473	pay 0.0059% / 1h	44m 24s	$103K	$388K	5x
Short	Pacifica TAO	318.95	0.0313	get 0.0039% / 1h	44m 24s	$362K	$429K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.052%Rate

Funding earned: −$33.72
Price spread: −0.052% → −0.069%: $1.74
Slippage, 4 orders: −$30.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$74.9
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Arcus: live order book, 59 min ago; Pacifica: live order book, 59 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, 59 min ago	3.28 bp	9.6 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell Pacifica live order book, 59 min ago	2.97 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.62	−0.158%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0060%	1h	318.66	−0.144%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.06	−0.019%	$44K	$708K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.00	−0.038%	$26.5M	$130.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.70	−0.132%	$14.5M	$51.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.95	−0.053%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.70	−0.132%	$35.8M	$57.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.93	−0.060%	$89K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.77	−0.110%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.65	−0.147%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	318.89	−0.072%	$724	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	318.63	−0.154%	$410K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.06	−0.019%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0148%	4h	318.94	−0.056%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0178%	4h	318.66	−0.143%	$42K	$320K	10x	as long as short
MEXC TAO_USDT	+0.0180%	4h	319.03	−0.028%	$100.4M	$151.2M	300x	as long as short
Binance TAOUSDT	+0.0183%	4h	319.06	−0.019%	$92.6M	$529.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0253%	8h	318.83	−0.092%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0260%	4h	318.91	−0.066%	—	$37.1M	—	as long as short
Bybit TAOUSDT	+0.0297%	4h	319.08	−0.013%	$69.9M	$156.1M	50x	as long as short
Pacifica TAOshort	+0.0313%	1h	318.95	−0.052%	$362K	$429K	10x
Bulk TAO-USD	+0.0314%	1h	317.73	−0.436%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0332%	4h	318.87	−0.077%	$544K	$926K	10x	as long as short
Aster TAOUSDT	+0.0343%	4h	318.96	−0.050%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	318.92	−0.064%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0370%	1h	319.06	−0.019%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0374%	1h	319.64	+0.163%	$46K	$260K	50x	as long as short
BloFin TAO-USDT	+0.0422%	4h	318.63	−0.154%	$4.7M	$11.0M	100x	as long as short
Arcus TAO-USDlong	+0.0473%	1h	319.12	long leg	$103K	$388K	5x
Nado TAO-PERP	+0.0492%	1h	318.93	−0.060%	$792K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0516%	4h	318.85	−0.085%	$3.2M	$8.2M	50x	as long as short
Variational Omni TAO	+0.0534%	4h	319.26	+0.045%	$5.6M	$10.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0539%	1h	318.97	−0.049%	$15K	$2.0M	25x	as long as short
Lighter TAO	+0.0544%	1h	319.07	−0.014%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.80	+0.213%	$319K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.96	−0.051%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0781%	1h	318.73	−0.122%	$297K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	319.47	+0.110%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0811%	1h	319.21	+0.028%	$94.4M	$110.1M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.95	−0.053%	$6.0M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.92	−0.061%	$450K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.40	+0.088%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.197%	$23K	$2K	12x	as long as short