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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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: GRVT against Binance−0.131%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Long on BinanceShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 3 days (all we have)+0.514%+$51 · spread now −0.131%, 7d avg +0.029%
Together, before fees+0.544%+ Points / potential airdropGRVT: Active · farm board+$54 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.160% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT306.540.0100pay 0.0050% / 4h1h 10m$85.9M$414.1M75x
ShortGRVT TAO_USDT_Perp306.140.0100get 0.0050% / 4h1h 10m$506K$967K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$0
Price spread: −0.131% → +0.029%
−$16.03
Slippage, 4 orders
−$12.82
Fee Binance: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$47.84
Costs to cover
0.318%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; GRVT: live order book, 7 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, 3 min ago0.16 bp7.5 bp −$814.1 bp −$14136.2 bp −$3,622doesn't fit
Sell GRVT live order book, 7 min ago1.31 bp10.1 bp −$1018.3 bp −$183doesn'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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.42−0.039%$20K—150xas long as short
dYdX TAO-USD+0.0013%1h306.34−0.065%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.64+0.033%$45K$540K20xas long as short
Binance TAOUSDTlong+0.0100%4h306.54long leg$85.9M$414.1M75x
Bybit TAOUSDT+0.0100%4h306.60+0.020%$59.4M$121.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.40−0.046%$24.6M$95.7M50xas long as short
Arcus TAO-USD+0.0100%1h306.85+0.101%$80K$643K5xas long as short
Bulk TAO-USD+0.0100%1h302.77−1.230%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h306.50−0.013%$12.2M$49.2M50xas long as short
MEXC TAO_USDT+0.0100%4h306.67+0.042%$114.1M$125.9M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.74+0.065%$18.3M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h306.32−0.072%$34.2M$45.7M50xas long as short
BingX TAO-USDT+0.0100%4h306.58+0.013%—$30.3M—as long as short
Variational Omni TAO+0.0100%4h305.77−0.252%$3.7M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.74−0.260%$40K$278K10xas long as short
GRVT TAO_USDT_Perpshort+0.0100%4h306.14−0.131%$506K$967K10x
ApeX Omni TAOUSDT+0.0100%1h305.47−0.349%$46K$270K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.74+0.065%$75K$555K5xas long as short
Bullet TAO-USD+0.0100%1h306.63+0.029%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.64+0.033%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.46−0.026%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.75+0.069%$122K$368K20xas long as short
Phemex TAOUSDT+0.0100%4h306.49−0.016%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h306.77+0.074%$168K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h306.64+0.033%$1K$505K5xas long as short
Aster TAOUSDT+0.0121%4h306.64+0.033%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0154%8h306.69+0.048%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.81+0.089%$362K$370K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.38−0.053%$437K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0302%1h306.73+0.061%$19K$1.4M25xas long as short
Nado TAO-PERP+0.0318%1h306.72+0.060%$828K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.67+0.042%$4.2M$9.5M100xas long as short
Lighter TAO+0.0360%1h306.59+0.018%$1.6M$5.4M5xas long as short
01 Exchange TAOUSD+0.0408%1h306.82+0.091%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0456%1h306.77+0.075%$294K$800K10xas long as short
Phoenix TAO+0.0521%1h306.30−0.078%$320K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h306.56+0.005%$353—20xas long as short
Extended TAO-USD+0.0712%1h306.64+0.033%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h307.14+0.196%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1030%1h306.64+0.033%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1117%1h306.99+0.146%$93.6M$80.8M5xas long as short
RISEx TAO/USDC+0.1155%1h306.80+0.083%$418K$538K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.714%$22K$26412xas long as short