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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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Pacifica against Bitget+0.222%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Long on BitgetShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 4 days (all we have)−0.580%−$58 · spread now +0.222%, 7d avg +0.041%
Together, before fees−0.570%+ Points / potential airdropPacifica: Active · farm board−$57 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: Pacifica is 0.181% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.041%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TAOUSDT305.600.0100pay 0.0050% / 4h2h 58m$34.3M$43.9M50x
ShortPacifica TAO306.280.0100get 0.0013% / 1h58m 38s$358K$405K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$0
Price spread: +0.222% → +0.041%
$18.11
Slippage, 4 orders
−$23.76
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$25.66
Costs to cover
0.438%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, 29 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, 5 min ago0.97 bp10.3 bp −$1022.4 bp −$224doesn't fitdoesn't fit
Sell Pacifica live order book, 29 min ago2.40 bp10.6 bp −$11doesn'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−0.7481%1h306.26+0.216%$201K$57K10xas long as short
dYdX TAO-USD0.0000%1h306.02+0.138%$128K$92K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.68+0.353%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h306.59+0.324%$38K$515K20xas long as short
Nado TAO-PERP+0.0100%1h306.30+0.228%$1.0M$1.5M10xas long as short
Pacifica TAOshort+0.0100%1h306.28+0.222%$358K$405K10x
Binance TAOUSDT+0.0100%4h306.15+0.180%$85.8M$399.3M75xas long as short
Bybit TAOUSDT+0.0100%4h306.22+0.203%$58.5M$117.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.90+0.098%$25.2M$91.9M50xas long as short
Arcus TAO-USD+0.0100%1h306.16+0.183%$138K$591K5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h305.90+0.098%$12.1M$47.1M50xas long as short
MEXC TAO_USDT+0.0100%4h306.17+0.187%$107.9M$119.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h306.14+0.177%$18.3M$26.3M75xas long as short
Bitget TAOUSDTlong+0.0100%4h305.60long leg$34.3M$43.9M50x
BingX TAO-USDT+0.0100%4h305.82+0.072%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h308.35+0.900%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h308.98+1.107%$40K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h308.50+0.950%$540K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h308.62+0.988%$47K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.62+0.334%$86K$662K5xas long as short
Bullet TAO-USD+0.0100%1h306.94+0.437%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.94+0.438%$59K$278K10xas long as short
SunX TAO-USDT+0.0100%4h306.26+0.216%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.22+0.530%$122K$354K20xas long as short
Phemex TAOUSDT+0.0100%4h306.62+0.334%$3.3M$8.0M50xas long as short
Aster TAOUSDT+0.0104%4h306.13+0.174%$1.2M$7.4M50xas long as short
Aevo TAO-PERP+0.0104%1h306.95+0.441%$169K$9983xas long as short
Katana Perps TAO-USD+0.0115%8h305.71+0.036%$1K$412K5xas long as short
Paradex TAO-USD-PERP+0.0158%8h305.97+0.122%$14K$99210xas long as short
Deribit TAO_USDC-PERPETUAL+0.0204%1h306.97+0.447%$16K$1.3M25xas long as short
BloFin TAO-USDT+0.0340%4h306.96+0.445%$4.3M$9.4M100xas long as short
Phoenix TAO+0.0365%1h309.30+1.211%$328K$322K5xas long as short
01 Exchange TAOUSD+0.0416%1h305.91+0.101%$3K$4K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0480% / S −0.0183%1h306.71+0.364%$447K—100xas long as short
Extended TAO-USD+0.0544%1h305.78+0.058%$883K$1.9M25xas long as short
Backpack TAO_USDC_PERP+0.0590%1h306.63+0.337%$437K$677K10xas long as short
Reya TAORUSDPERP+0.0694%1h306.54+0.309%$353—20xas long as short
Hyperliquid TAO+0.0695%1h306.64+0.340%$89.9M$71.6M5xas long as short
Lighter TAO+0.0824%1h306.58+0.322%$1.6M$4.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h308.08+0.812%$1.5M$5.5M50xas long as short
Kraken Futures PF_TAOUSD+0.1026%1h307.21+0.526%$6.3M$19.9M50xas long as short
RISEx TAO/USDC+0.1053%1h306.01+0.133%$402K$533K5xas long as short
Injective TAO/USDC PERP+0.4876%1h311.91+2.065%$23K$13512xas long as short