TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0301%/8h= +32.9% APRnext payment +$1.50 per $10,000 · paid last 24h +0.075%

Price spread now: BloFin against Bitget+0.232%7-day average +0.061% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.404%+$40 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.232%, 7d avg +0.061%

Together, before fees+0.225%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.171% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	318.53	0.0100	pay 0.0050% / 4h	1h 37m	$35.7M	$58.4M	50x
Short	BloFin TAO-USDT	319.27	0.0401	get 0.0200% / 4h	1h 37m	$4.7M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.232%Rate

Funding earned: $63.14
Price spread: +0.232% → +0.061%: $17.14
Slippage, 4 orders: −$20.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $35.71
Costs to cover: 0.446%
Break-even: 3.0 days

Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 7 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 Bitget live order book, 2 min ago	1.41 bp	11.7 bp −$12	23.8 bp −$238	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.31 bp	10.6 bp −$11	15.7 bp −$157	28.4 bp −$2,836	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	−0.2019%	1h	319.65	+0.352%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.75	+0.068%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.25	+0.225%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.31	+0.245%	$41K	$703K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.90	+0.116%	$26.5M	$129.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.70	+0.053%	$14.2M	$51.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.82	+0.091%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	318.53	long leg	$35.7M	$58.4M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	319.72	+0.374%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.16	+0.198%	$80K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.85	+0.100%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.70	+0.053%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.23	+0.220%	$724	$1.0M	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	319.03	+0.157%	$53K	$292K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0120% / S +0.0157%	1h	318.75	+0.069%	$431K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.09	+0.174%	$175K	$998	3x	as long as short
MEXC TAO_USDT	+0.0158%	4h	318.68	+0.047%	$104.7M	$149.8M	300x	as long as short
edgeX TAOUSDC	+0.0158%	4h	319.79	+0.397%	$42K	$317K	10x	as long as short
Binance TAOUSDT	+0.0161%	4h	318.91	+0.119%	$92.2M	$527.6M	75x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	318.83	+0.095%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0257%	4h	318.93	+0.126%	$3.2M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0314%	4h	318.99	+0.145%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0362%	4h	318.86	+0.104%	$69.6M	$155.8M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	318.88	+0.110%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0386%	1h	319.20	+0.210%	$12K	$17K	20x	as long as short
BloFin TAO-USDTshort	+0.0401%	4h	319.27	+0.232%	$4.7M	$11.1M	100x
GRVT TAO_USDT_Perp	+0.0402%	4h	319.74	+0.381%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0480%	1h	318.91	+0.120%	$912K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	318.94	+0.129%	$363K	$423K	10x	as long as short
Variational Omni TAO	+0.0535%	4h	319.70	+0.367%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.70	+0.367%	$318K	$709K	5x	as long as short
Hyperliquid TAO	+0.0627%	1h	318.94	+0.129%	$94.3M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.64	+0.348%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0635%	1h	319.14	+0.191%	$796K	$2.1M	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.98	+0.455%	$103K	$394K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0643%	1h	318.96	+0.135%	$11K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0670%	1h	318.93	+0.126%	$299K	$904K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.34	+0.255%	$367	—	20x	as long as short
Lighter TAO	+0.0824%	1h	319.09	+0.176%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.741%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.14	+0.191%	$458K	$664K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1157%	1h	319.03	+0.158%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.601%	$24K	$2K	12x	as long as short