TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Arcus−0.085%7-day average −0.074% · 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−$49as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Arcus Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.085%, 7d avg −0.074%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	307.57	0.0100	pay 0.0013% / 1h	22m 09s	$137K	$598K	5x
Short	Popdex TAOUSDT	307.31	0.0096	get 0.0012% / 1h	22m 09s	$41K	$530K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$0.84
Price spread: −0.085% → −0.074%: −$1.05
Slippage, 4 orders: −$36.89
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$49.68
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Popdex: live order book, 2 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, 2 min ago	4.70 bp	15.8 bp −$16	28.2 bp −$282	doesn't fit	doesn't fit
Sell Popdex live order book, 2 min ago	1.78 bp	11.1 bp −$11	84.7 bp −$847	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
dYdX TAO-USD	0.0000%	1h	306.98	−0.190%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.58	+0.003%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0065%	1h	307.79	+0.070%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	307.31	−0.085%	$41K	$530K	20x
Pacifica TAO	+0.0100%	1h	307.16	−0.135%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.81	+0.079%	$86.0M	$404.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.09	+0.169%	$59.5M	$118.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.30	+0.237%	$25.4M	$93.5M	50x	as long as short
Arcus TAO-USDlong	+0.0100%	1h	307.57	long leg	$137K	$598K	5x
Bulk TAO-USD	+0.0100%	1h	307.07	−0.163%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.50	−0.023%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.17	+0.195%	$114.4M	$124.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.04	+0.153%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.04	+0.153%	$34.5M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.01	+0.143%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.543%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−0.795%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−0.785%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.868%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.62	+0.016%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.59	+0.007%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.72	+0.049%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.60	+0.010%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.77	+0.065%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.46	−0.036%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.87	+0.096%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.46	−0.036%	$879	$438K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	307.04	−0.173%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	307.79	+0.071%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.54	−0.009%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.30	−0.088%	$325K	$462K	5x	as long as short
Nado TAO-PERP	+0.0296%	1h	307.37	−0.066%	$843K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.69	+0.039%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.64	+0.023%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.54	−0.008%	$354	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	307.79	+0.070%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	308.31	+0.240%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.55	+0.319%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.99	+0.137%	$6.3M	$19.2M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.57	+0.002%	$414K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1094%	1h	308.20	+0.205%	$445K	$715K	10x	as long as short
Hyperliquid TAO	+0.1741%	1h	308.07	+0.163%	$94.3M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.523%	$22K	$171	12x	as long as short