Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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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 0.000%
Price spread now: Phemex against Binance−0.051%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Long on BinanceShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days−0.462%−$46 on $10k
Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.051%, 7d avg +0.005%
Together, before fees−0.383%−$38 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: Phemex is 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT313.410.0100pay 0.0050% / 4h47m 58s$88.7M$421.6M75x
ShortPhemex TAOUSDT313.250.0100get 0.0050% / 4h47m 58s$3.3M$7.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: −0.051% → +0.005%
−$5.6
Slippage, 4 orders
−$39.02
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$66.62
Costs to cover
0.610%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Phemex: live order book, 6 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 bp6.8 bp −$717.7 bp −$17737.1 bp −$3,714doesn't fit
Sell Phemex live order book, 6 min ago10.74 bp19.0 bp −$19doesn't fitdoesn'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−0.4722%1h314.01+0.192%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h313.68+0.086%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.44+0.011%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.313%$23K$26012xas long as short
Popdex TAOUSDT+0.0096%1h313.67+0.083%$40K$549K20xas long as short
Pacifica TAO+0.0100%1h313.65+0.077%$371K$372K10xas long as short
Binance TAOUSDTlong+0.0100%4h313.41long leg$88.7M$421.6M75x
Bybit TAOUSDT+0.0100%4h313.48+0.022%$61.3M$123.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.30−0.035%$25.1M$99.9M50xas long as short
Gate TAO_USDT+0.0100%4h313.20−0.067%$12.5M$48.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.63+0.070%$121.0M$126.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.65+0.077%$19.1M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h313.37−0.013%$35.0M$46.2M50xas long as short
BingX TAO-USDT+0.0100%4h313.39−0.006%—$30.2M—as long as short
edgeX TAOUSDC+0.0100%4h313.44+0.009%$41K$280K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.12+0.226%$519K$950K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.37−0.013%$47K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.53+0.038%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h313.43+0.006%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h313.28−0.041%$128K$394K20xas long as short
Phemex TAOUSDTshort+0.0100%4h313.25−0.051%$3.3M$7.9M50x
Aevo TAO-PERP+0.0104%1h313.76+0.110%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.66+0.080%$2K$538K5xas long as short
Polymarket Perps TAO-USD+0.0117%1h313.81+0.128%$77K$522K5xas long as short
Bullet TAO-USD+0.0141%1h313.71+0.096%$11K$17K20xas long as short
Variational Omni TAO+0.0173%4h313.59+0.056%$3.8M$6.9M—as long as short
Paradex TAO-USD-PERP+0.0186%8h313.51+0.031%$14K$1K10xas long as short
Arcus TAO-USD+0.0186%1h313.92+0.163%$83K$626K5xas long as short
Aster TAOUSDT+0.0212%4h313.54+0.041%$1.1M$7.8M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0327%1h313.60+0.059%$19K$1.4M25xas long as short
BloFin TAO-USDT+0.0340%4h314.07+0.211%$4.3M$9.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0448%1h313.59+0.058%$5.8M$19.8M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0175%1h313.41−0.001%$449K—100xas long as short
Nado TAO-PERP+0.0502%1h313.65+0.077%$843K$2.0M10xas long as short
Phoenix TAO+0.0537%1h312.70−0.227%$334K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0576%1h313.55+0.045%$300K$798K10xas long as short
Reya TAORUSDPERP+0.0695%1h313.66+0.080%$361—20xas long as short
01 Exchange TAOUSD+0.0832%1h313.91+0.160%$3K$4K5xas long as short
Extended TAO-USD+0.0840%1h313.39−0.008%$864K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h314.20+0.252%$1.5M$5.7M50xas long as short
RISEx TAO/USDC+0.1238%1h313.68+0.087%$432K$536K5xas long as short
Lighter TAO+0.1544%1h314.00+0.189%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.2169%1h314.25+0.268%$98.4M$82.8M5xas long as short