TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: edgeX against BloFin−0.080%101s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.339% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.458%−$46 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.080%, 7d avg −0.037%

Together, before fees−0.422%+ Points / potential airdropedgeX: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and edgeX is 0.043% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.037%). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	312.59	0.0340	pay 0.0170% / 4h	3h 29m	$4.5M	$10.8M	100x
Short	edgeX TAOUSDC	312.34	0.0100	get 0.0050% / 4h	3h 29m	$41K	$314K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$50.4
Price spread: −0.080% → −0.037%: −$4.32
Slippage, 4 orders: −$12.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$88.63
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; edgeX: live order book, 24 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, 4 min ago	0.48 bp	7.2 bp −$7	12.5 bp −$125	21.8 bp −$2,178	doesn't fit
Sell edgeX live order book, 24 min ago	4.77 bp	9.3 bp −$9	24.0 bp −$240	doesn't fit	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.49	−0.033%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.71	−0.282%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0016%	1h	311.94	−0.209%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.11	−0.154%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.91	−0.218%	$638	$830K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.24	−0.111%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.98	−0.195%	$89.4M	$499.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.03	−0.179%	$67.1M	$150.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	−0.221%	$26.0M	$120.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.80	−0.253%	$13.2M	$50.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.04	−0.176%	$102.2M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.03	−0.179%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.69	−0.288%	$34.9M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.00	−0.189%	—	$33.4M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	312.34	−0.080%	$41K	$314K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	−0.179%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.90	−0.221%	$78K	$897K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.03	−0.179%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.31	−0.090%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.13	−0.147%	$109K	$539K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.43	−0.051%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	−0.184%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.40	−0.059%	$531K	$956K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	311.82	−0.246%	$51K	$291K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	312.14	−0.143%	$1.3M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	311.69	−0.289%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	311.82	−0.248%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.44	−0.048%	$101K	$397K	5x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	−0.058%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0280%	1h	312.02	−0.183%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.048%	$5.5M	$10.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0337%	1h	311.85	−0.235%	$17K	$1.8M	25x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	312.59	long leg	$4.5M	$10.8M	100x
Nado TAO-PERP	+0.0341%	1h	312.25	−0.110%	$791K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0441%	1h	312.28	−0.099%	$91.8M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.003%	$311K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.21	−0.122%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0490%	1h	312.41	−0.058%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0568%	1h	312.45	−0.044%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.04	−0.176%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.14	−0.142%	$444K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	313.31	+0.230%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.621%	$23K	$2K	12x	as long as short