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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 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Popdex against Binance−0.025%7-day average −0.001% · 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−$39as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Long on BinanceShort on Popdex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.025%, 7d avg −0.001%
Together, before fees+0.117%+$12 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: Popdex is 0.025% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT313.750.0100pay 0.0050% / 4h48m 26s$88.8M$421.5M75x
ShortPopdex TAOUSDT313.670.0096get 0.0012% / 1h48m 26s$40K$549K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$0.84
Price spread: −0.025% → −0.001%
−$2.47
Slippage, 4 orders
−$19.65
Fee Binance: 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$39.37
Costs to cover
0.361%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Popdex: live order book, 31 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, 10 min ago0.16 bp6.8 bp −$717.7 bp −$17737.1 bp −$3,714doesn't fit
Sell Popdex live order book, 31 min ago3.43 bp10.5 bp −$1184.7 bp −$847doesn'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+0.083%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h313.68−0.023%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.44−0.098%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.204%$23K$26012xas long as short
Popdex TAOUSDTshort+0.0096%1h313.67−0.025%$40K$549K20x
Pacifica TAO+0.0100%1h313.65−0.032%$371K$372K10xas long as short
Binance TAOUSDTlong+0.0100%4h313.75long leg$88.8M$421.5M75x
Bybit TAOUSDT+0.0100%4h313.90+0.048%$61.4M$123.3M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.50−0.080%$25.2M$100.0M50xas long as short
Gate TAO_USDT+0.0100%4h313.50−0.080%$12.5M$48.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.79+0.013%$121.1M$126.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.78+0.010%$19.1M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h313.40−0.112%$35.0M$46.2M50xas long as short
BingX TAO-USDT+0.0100%4h313.66−0.029%—$30.2M—as long as short
edgeX TAOUSDC+0.0100%4h313.44−0.099%$41K$280K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.12+0.117%$519K$950K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.37−0.121%$47K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.53−0.070%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h313.43−0.102%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h314.02+0.086%$128K$394K20xas long as short
Phemex TAOUSDT+0.0100%4h313.79+0.013%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h313.76+0.002%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.66−0.029%$2K$538K5xas long as short
Polymarket Perps TAO-USD+0.0117%1h313.81+0.019%$77K$522K5xas long as short
Bullet TAO-USD+0.0141%1h313.71−0.013%$11K$17K20xas long as short
Variational Omni TAO+0.0173%4h313.59−0.052%$3.8M$6.9M—as long as short
Paradex TAO-USD-PERP+0.0186%8h313.51−0.077%$14K$1K10xas long as short
Arcus TAO-USD+0.0186%1h313.92+0.054%$83K$626K5xas long as short
Aster TAOUSDT+0.0212%4h313.68−0.022%$1.1M$7.8M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0327%1h313.60−0.049%$19K$1.4M25xas long as short
BloFin TAO-USDT+0.0340%4h314.07+0.102%$4.3M$9.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0447%1h313.97+0.072%$5.8M$19.8M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0175%1h313.41−0.110%$449K—100xas long as short
Nado TAO-PERP+0.0502%1h313.65−0.031%$843K$2.0M10xas long as short
Phoenix TAO+0.0537%1h312.70−0.335%$334K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0575%1h314.22+0.150%$301K$798K10xas long as short
Reya TAORUSDPERP+0.0695%1h313.66−0.029%$361—20xas long as short
01 Exchange TAOUSD+0.0832%1h313.91+0.051%$3K$4K5xas long as short
Extended TAO-USD+0.0840%1h313.49−0.083%$864K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h314.34+0.188%$1.5M$5.7M50xas long as short
RISEx TAO/USDC+0.1238%1h313.68−0.021%$432K$536K5xas long as short
Lighter TAO+0.1544%1h313.95+0.064%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.2173%1h314.23+0.153%$98.4M$82.8M5xas long as short