TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.072%

Price spread now: GRVT against BloFin+0.396%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

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

costs, in and out, $10k−$360.364% of the position

Long on BloFin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.419%−$42 on $10k

Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.396%, 7d avg −0.035%

Together, before fees−0.881%+ Points / potential airdropGRVT: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.431% dearer against BloFin than usual: you sell high and buy low (spread +0.396% now, against its 7-day average of −0.035%): +$43 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	311.87	0.0340	pay 0.0170% / 4h	2h 54m	$4.5M	$10.8M	100x
Short	GRVT TAO_USDT_Perp	313.11	0.0204	get 0.0102% / 4h	2h 54m	$532K	$942K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.396%Rate

Funding earned: −$28.56
Price spread: +0.396% → −0.035%: $43.09
Slippage, 4 orders: −$15.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.88
Costs to cover: 0.364%
Break-even: from the start

Slippage from BloFin: live order book, 5 min ago; GRVT: live order book, 59 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, 5 min ago	0.16 bp	6.5 bp −$7	10.6 bp −$106	29.9 bp −$2,991	doesn't fit
Sell GRVT live order book, 59 min ago	2.07 bp	10.0 bp −$10	16.4 bp −$164	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
dYdX TAO-USD	0.0000%	1h	311.20	−0.215%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.55	−0.103%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.30	−0.183%	$2K	$869K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.85	−0.006%	$89.1M	$504.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.010%	$26.1M	$121.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.40	−0.151%	$13.4M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.83	−0.013%	$103.8M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.86	−0.003%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.54	−0.106%	$35.1M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.84	+0.311%	$41K	$313K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	311.39	−0.154%	$81K	$907K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.41	−0.147%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.22	−0.208%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.85	−0.007%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	311.89	+0.006%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0132%	4h	311.85	−0.008%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0136%	1h	311.44	−0.137%	$417K	—	100x	as long as short
Popdex TAOUSDT	+0.0192%	1h	311.52	−0.112%	$48K	$662K	20x	as long as short
Paradex TAO-USD-PERP	+0.0203%	8h	311.39	−0.154%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perpshort	+0.0204%	4h	313.11	+0.396%	$532K	$942K	10x
Pacifica TAO	+0.0233%	1h	311.51	−0.115%	$355K	$419K	10x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.006%	$166K	$333	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0306%	1h	311.74	−0.040%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0314%	1h	311.86	−0.003%	$12K	$17K	20x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	311.87	long leg	$4.5M	$10.8M	100x
BingX TAO-USDT	+0.0348%	4h	311.84	−0.010%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0358%	4h	311.92	+0.016%	$67.5M	$151.2M	50x	as long as short
Extended TAO-USD	+0.0368%	1h	311.78	−0.029%	$903K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0371%	4h	312.91	+0.334%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0384%	1h	311.45	−0.135%	$774K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0418%	1h	311.84	−0.009%	$11K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	312.80	+0.298%	$311K	$713K	5x	as long as short
Arcus TAO-USD	+0.0483%	1h	311.82	−0.016%	$100K	$370K	5x	as long as short
Phemex TAOUSDT	+0.0561%	4h	311.96	+0.029%	$3.1M	$7.9M	50x	as long as short
Hyperliquid TAO	+0.0650%	1h	311.80	−0.022%	$91.2M	$108.2M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.61	−0.083%	$358	—	20x	as long as short
Lighter TAO	+0.0760%	1h	312.07	+0.066%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	311.64	−0.074%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0826%	1h	311.90	+0.010%	$310K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	312.88	+0.324%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	311.43	−0.140%	$445K	$649K	5x	as long as short
ApeX Omni TAOUSDT	+0.1940%	1h	312.51	+0.205%	$46K	$254K	50x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	315.73	+1.238%	$23K	$2K	12x	as long as short