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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0245%/8h= +26.9% APRpaid last 24h +0.010%
Price spread now: Arcus against Binance+0.127%7-day average +0.076% · 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−$36as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Long on BinanceShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.021%+$2 on $10k
Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.127%, 7d avg +0.076%
Together, before fees+0.177%+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.051% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.076%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.021% in total (about 2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT316.070.0100pay 0.0050% / 4h47m 33s$91.1M$489.2M75x
ShortArcus TAO-USD316.470.0345get 0.0043% / 1h47m 33s$100K$488K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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

Funding earned
$51.54
Price spread: +0.127% → +0.076%
$5.09
Slippage, 4 orders
−$26.83
Fee Binance: 5 bp × 2 orders
−$10
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$15.31
Costs to cover
0.413%
Break-even
4.9 days
Slippage from Binance: live order book, 11 min ago; Arcus: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.16 bp7.8 bp −$815.5 bp −$15542.4 bp −$4,238doesn't fit
Sell Arcus live order book, 11 min ago9.98 bp12.5 bp −$1225.9 bp −$259doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0499%1h315.15−0.291%$167K$1K10xas long as short
dYdX TAO-USD0.0000%1h315.21−0.271%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.52−0.490%$20K—150xas long as short
Kraken Futures PF_TAOUSD+0.0057%1h314.40−0.528%$5.5M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h316.10+0.009%$42K$685K20xas long as short
Binance TAOUSDTlong+0.0100%4h316.07long leg$91.1M$489.2M75x
OKX TAO-USDT-SWAP+0.0100%8h316.10+0.009%$26.0M$119.6M50xas long as short
Gate TAO_USDT+0.0100%4h315.90−0.054%$13.0M$49.4M50xas long as short
MEXC TAO_USDT+0.0100%4h315.87−0.063%$105.3M$142.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h315.52−0.174%$17.5M$31.6M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h316.12+0.016%$35.3M$55.8M50xas long as short
edgeX TAOUSDC+0.0100%4h314.23−0.582%$35K$303K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.21−0.588%$46K$252K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.77−0.411%$89K$789K5xas long as short
Bullet TAO-USD+0.0100%1h314.79−0.405%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.33−0.551%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.48−0.503%$109K$527K20xas long as short
Phemex TAOUSDT+0.0100%4h314.36−0.541%$3.2M$8.2M50xas long as short
Aevo TAO-PERP+0.0104%1h314.57−0.476%$173K$9983xas long as short
Katana Perps TAO-USD+0.0104%8h315.75−0.101%$2K$784K5xas long as short
GRVT TAO_USDT_Perp+0.0106%4h314.83−0.391%$524K$944K10xas long as short
Orderly PERP_TAO_USDC+0.0124%4h314.63−0.456%$57K$275K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0153% / S +0.0116%1h314.51−0.493%$427K—100xas long as short
Bybit TAOUSDT+0.0159%4h316.15+0.025%$68.9M$146.3M50xas long as short
01 Exchange TAOUSD+0.0192%1h316.46+0.123%$3K$4K5xas long as short
Paradex TAO-USD-PERP+0.0196%8h315.71−0.113%$14K$1K10xas long as short
BingX TAO-USDT+0.0196%4h316.33+0.082%—$30.1M—as long as short
Nado TAO-PERP+0.0197%1h316.00−0.021%$808K$2.2M10xas long as short
Aster TAOUSDT+0.0214%4h315.37−0.221%$1.2M$10.1M50xas long as short
Hyperliquid TAO+0.0238%1h315.65−0.133%$94.2M$104.8M5xas long as short
Backpack TAO_USDC_PERP+0.0290%1h314.95−0.354%$315K$910K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0340%1h314.54−0.483%$12K$1.6M25xas long as short
BloFin TAO-USDT+0.0340%4h314.22−0.585%$4.5M$10.8M100xas long as short
Extended TAO-USD+0.0344%1h316.29+0.071%$922K$2.4M25xas long as short
Arcus TAO-USDshort+0.0345%1h316.47+0.127%$100K$488K5x
Pacifica TAO+0.0365%1h315.68−0.124%$362K$409K10xas long as short
Lighter TAO+0.0392%1h315.74−0.103%$1.5M$6.4M5xas long as short
Phoenix TAO+0.0581%1h314.50−0.497%$313K$697K5xas long as short
Variational Omni TAO+0.0651%4h314.33−0.551%$5.8M$9.8M—as long as short
Reya TAORUSDPERP+0.0696%1h314.75−0.417%$362—20xas long as short
RISEx TAO/USDC+0.0991%1h316.39+0.102%$437K$658K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h315.77−0.095%$1.5M$6.6M50xas long as short
Injective TAO/USDC PERP+0.4222%1h319.61+1.120%$23K$2K12xas long as short