TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Bybit against BloFin+0.131%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.391%−$39 on $10k

Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.131%, 7d avg +0.011%

Together, before fees−0.590%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.120% dearer against BloFin than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.011%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	305.11	0.0340	pay 0.0170% / 4h	2h 26m	$4.3M	$9.4M	100x
Short	Bybit TAOUSDT	305.51	0.0100	get 0.0050% / 4h	2h 26m	$59.0M	$118.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$50.4
Price spread: +0.131% → +0.011%: $12.04
Slippage, 4 orders: −$14.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.92
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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 BloFin live order book, 2 min ago	0.33 bp	7.8 bp −$8	16.6 bp −$166	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.16 bp	11.7 bp −$12	24.2 bp −$242	57.7 bp −$5,766	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
dYdX TAO-USD	0.0000%	1h	305.59	+0.157%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.95	−0.053%	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0041%	1h	305.12	+0.003%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.13	+0.007%	$42K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.58	+0.154%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.26	+0.049%	$85.4M	$403.1M	75x	as long as short
Bybit TAOUSDTshort	+0.0100%	4h	305.51	+0.131%	$59.0M	$118.2M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	305.40	+0.095%	$25.1M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.69	+0.190%	$137K	$596K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.642%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	305.60	+0.161%	$12.2M	$48.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.64	+0.174%	$113.5M	$123.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.35	+0.079%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.28	+0.056%	$34.2M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.34	+0.075%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.794%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.730%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.871%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.682%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.63	+0.170%	$86K	$667K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.77	+0.216%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.03	−0.026%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.95	−0.052%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.02	−0.029%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.80	−0.102%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.17	+0.021%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	305.35	+0.079%	$873	$434K	5x	as long as short
Aster TAOUSDT	+0.0145%	4h	305.36	+0.082%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0162%	8h	305.66	+0.181%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.92	−0.061%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	305.60	+0.161%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0307%	1h	305.26	+0.049%	$833K	$1.9M	10x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	305.11	long leg	$4.3M	$9.4M	100x
01 Exchange TAOUSD	+0.0512%	1h	305.41	+0.098%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.51	+0.131%	$351	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.32	+0.070%	$897K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	306.19	+0.355%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.30	+0.390%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.22	+0.035%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.35	+0.078%	$408K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1193%	1h	305.16	+0.016%	$441K	$715K	10x	as long as short
Hyperliquid TAO	+0.1713%	1h	306.03	+0.302%	$93.4M	$76.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	+0.279%	$22K	$171	12x	as long as short