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

TAO

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.225%
Price spread now: Coinbase International against Bitget+0.372%7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Long on BitgetShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.513%+$51 on $10k
Price spread, last 3 days (all we have)−0.219%−$22 · spread now +0.372%, 7d avg +0.219%
Together, before fees+0.294%+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.154% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.219%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.513% in total (about 26.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TAOUSDT316.940.0100pay 0.0050% / 4h3h 17m$35.2M$51.2M50x
ShortCoinbase International TAO-PERP-INTX318.120.0984get 0.0123% / 1h17m 18s$1.5M$6.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$185.64
Price spread: +0.372% → +0.219%
$15.38
Slippage, 4 orders
−$18.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$160.66
Costs to cover
0.404%
Break-even
0.9 days
Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 2 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 Bitget live order book, 2 min ago1.42 bp9.9 bp −$1022.8 bp −$228doesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago3.62 bp10.0 bp −$1018.1 bp −$181doesn'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−0.1821%1h318.67+0.546%$169K$40K10xas long as short
dYdX TAO-USD0.0000%1h316.98+0.013%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.73−0.065%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h316.82−0.038%$43K$596K20xas long as short
Binance TAOUSDT+0.0100%4h317.08+0.045%$90.9M$449.3M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.00+0.019%$25.8M$108.9M50xas long as short
Gate TAO_USDT+0.0100%4h316.80−0.044%$12.8M$50.9M50xas long as short
MEXC TAO_USDT+0.0100%4h316.89−0.016%$109.7M$135.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h316.79−0.047%$18.0M$29.3M75xas long as short
Bitget TAOUSDTlong+0.0100%4h316.94long leg$35.2M$51.2M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h318.35+0.444%$40K$293K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h319.06+0.668%$528K$960K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h317.05+0.035%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.67−0.085%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.16+0.069%$127K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h316.93−0.003%$3.4M$7.8M50xas long as short
Bullet TAO-USD+0.0100%1h316.92−0.006%$12K$17K20xas long as short
Aevo TAO-PERP+0.0104%1h316.75−0.058%$174K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h316.85−0.028%$733$633K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0094%1h316.61−0.105%$455K—100xas long as short
Pacifica TAO+0.0185%1h317.19+0.079%$376K$375K10xas long as short
Arcus TAO-USD+0.0201%1h317.31+0.117%$84K$550K5xas long as short
Aster TAOUSDT+0.0214%4h317.18+0.077%$1.2M$8.7M50xas long as short
Paradex TAO-USD-PERP+0.0237%8h316.97+0.009%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0257%1h317.00+0.018%$17K$1.5M25xas long as short
Polymarket Perps TAO-USD+0.0279%1h317.22+0.088%$93K$633K5xas long as short
ApeX Omni TAOUSDT+0.0292%1h318.26+0.416%$49K$267K50xas long as short
BloFin TAO-USDT+0.0340%4h317.01+0.022%$4.4M$10.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0484%1h316.97+0.009%$5.7M$20.3M50xas long as short
Variational Omni TAO+0.0515%4h318.38+0.455%$5.6M$8.7M—as long as short
Phoenix TAO+0.0525%1h318.00+0.334%$333K$624K5xas long as short
01 Exchange TAOUSD+0.0568%1h316.93−0.003%$3K$4K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.77+0.262%$23K$80212xas long as short
BingX TAO-USDT+0.0596%4h316.91−0.009%—$30.4M—as long as short
Bybit TAOUSDT+0.0632%4h317.37+0.136%$65.4M$133.2M50xas long as short
Reya TAORUSDPERP+0.0695%1h316.95+0.004%$364—20xas long as short
Nado TAO-PERP+0.0776%1h317.21+0.084%$882K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0822%1h317.95+0.319%$321K$818K10xas long as short
Coinbase International TAO-PERP-INTXshort+0.0984%1h318.12+0.372%$1.5M$6.4M50x
Extended TAO-USD+0.1136%1h317.05+0.035%$912K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h317.01+0.022%$420K$593K5xas long as short
Lighter TAO+0.1416%1h317.61+0.213%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.1920%1h317.60+0.208%$102.0M$91.6M5xas long as short