TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h −0.072%

Price spread now: Gate against BloFin−0.056%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.056%, 7d avg −0.059%

Together, before fees−0.432%−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	318.98	0.0424	pay 0.0212% / 4h	41m 09s	$4.7M	$10.9M	100x
Short	Gate TAO_USDT	318.80	0.0100	get 0.0050% / 4h	41m 09s	$14.5M	$51.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$68.07
Price spread: −0.056% → −0.059%: $0.24
Slippage, 4 orders: −$24.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$119.16
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Gate: 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, 3 min ago	0.63 bp	8.2 bp −$8	12.6 bp −$126	29.1 bp −$2,911	doesn't fit
Sell Gate live order book, 3 min ago	1.57 bp	15.6 bp −$16	36.8 bp −$368	65.8 bp −$6,581	112.7 bp −$56.4K

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.72	−0.082%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0050%	1h	318.66	−0.100%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.00	+0.006%	$44K	$709K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	−0.245%	$26.5M	$130.6M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	318.80	−0.056%	$14.5M	$51.2M	50x
KuCoin TAOUSDTM	+0.0100%	4h	318.81	−0.053%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.07	−0.285%	$35.8M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	−0.050%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.50	−0.150%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.49	−0.154%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	318.61	−0.116%	$3K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	318.66	−0.100%	$410K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.01	+0.010%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	318.86	−0.038%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0183%	4h	318.77	−0.065%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0184%	4h	319.04	+0.019%	$100.5M	$151.2M	300x	as long as short
Binance TAOUSDT	+0.0184%	4h	318.79	−0.060%	$92.5M	$529.6M	75x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.89	−0.029%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0290%	4h	318.36	−0.194%	$69.8M	$156.6M	50x	as long as short
BingX TAO-USDT	+0.0298%	4h	318.91	−0.022%	—	$37.0M	—	as long as short
ApeX Omni TAOUSDT	+0.0309%	1h	318.62	−0.113%	$46K	$260K	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.95	−0.011%	$362K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.392%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0334%	4h	318.97	−0.002%	$544K	$926K	10x	as long as short
Bullet TAO-USD	+0.0336%	1h	319.02	+0.014%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0342%	4h	318.74	−0.076%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	318.76	−0.069%	$908K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0423%	1h	318.87	−0.034%	$15K	$2.0M	25x	as long as short
BloFin TAO-USDTlong	+0.0424%	4h	318.98	long leg	$4.7M	$10.9M	100x
Arcus TAO-USD	+0.0473%	1h	319.02	+0.013%	$103K	$381K	5x	as long as short
Phemex TAOUSDT	+0.0500%	4h	318.74	−0.075%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0509%	1h	318.78	−0.063%	$790K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0534%	4h	319.26	+0.089%	$5.6M	$10.3M	—	as long as short
Lighter TAO	+0.0560%	1h	319.15	+0.054%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.50	+0.163%	$318K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.86	−0.039%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0754%	1h	319.08	+0.031%	$294K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	319.15	+0.053%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0787%	1h	319.24	+0.082%	$94.4M	$110.2M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.95	−0.010%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.61	−0.117%	$450K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.51	+0.166%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.241%	$23K	$2K	12x	as long as short