TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Binance−0.060%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.458%+$46 on $10k

Price spread, last 3 days (all we have)+0.083%+$8 · spread now −0.060%, 7d avg +0.020%

Together, before fees+0.540%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.080% cheaper against Binance than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.020%). If the spread goes back, that is −$8 on $10k: about 27 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	316.85	0.0100	pay 0.0050% / 4h	3h 10m	$90.8M	$450.1M	75x
Short	BloFin TAO-USDT	316.66	0.0340	get 0.0170% / 4h	3h 10m	$4.5M	$10.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee BinancebpFee BloFinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $50.4
Price spread: −0.060% → +0.020%: −$7.98
Slippage, 4 orders: −$19.77
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.65
Costs to cover: 0.418%
Break-even: 6.9 days

Slippage from Binance: live order book, 3 min ago; BloFin: live order book, 3 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 Binance live order book, 3 min ago	0.16 bp	9.1 bp −$9	18.6 bp −$186	45.7 bp −$4,566	doesn't fit
Sell BloFin live order book, 3 min ago	2.37 bp	13.2 bp −$13	20.2 bp −$202	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
Bulk TAO-USD	−0.1821%	1h	318.67	+0.574%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.38	−0.148%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.38	−0.147%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.83	−0.006%	$43K	$598K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	316.85	long leg	$90.8M	$450.1M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	−0.142%	$25.8M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.40	−0.142%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.49	−0.114%	$99.0M	$136.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.73	−0.038%	$18.0M	$29.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.31	−0.170%	$35.2M	$51.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.13	−0.227%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.239%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.60	−0.079%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.83	−0.322%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.20	−0.205%	$126K	$422K	20x	as long as short
Bullet TAO-USD	+0.0103%	1h	316.51	−0.107%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.14	+0.092%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	316.87	+0.006%	$1K	$643K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.38	−0.149%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.79	−0.019%	$375K	$375K	10x	as long as short
Phemex TAOUSDT	+0.0198%	4h	316.69	−0.050%	$3.4M	$7.8M	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.01	+0.050%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0207%	4h	316.57	−0.089%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0236%	8h	316.50	−0.111%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0247%	1h	316.20	−0.205%	$48K	$267K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0251%	1h	316.62	−0.073%	$17K	$1.5M	25x	as long as short
Polymarket Perps TAO-USD	+0.0276%	1h	316.82	−0.009%	$93K	$633K	5x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	316.66	−0.060%	$4.5M	$10.8M	100x
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.80	−0.016%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	−0.079%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.029%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	317.06	+0.066%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.290%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.75	−0.032%	—	$30.5M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.44	−0.128%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0724%	4h	316.92	+0.022%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0754%	1h	316.48	−0.118%	$876K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0803%	1h	316.99	+0.044%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.08	+0.073%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	316.65	−0.063%	$886K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.80	−0.017%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	317.18	+0.105%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1834%	1h	316.97	+0.038%	$101.5M	$91.8M	5x	as long as short