TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0242%/8h= −26.5% APRnext payment −$1.21 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin−0.495%79s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as 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−$270.273% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.459%−$46 on $10k

Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.495%, 7d avg −0.022%

Together, before fees−0.072%−$7 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 MEXC is 0.473% cheaper against BloFin than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.022%). Swap the legs. The two prices were read 79 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	323.31	0.0396	pay 0.0198% / 4h	2h 55m	$4.9M	$11.0M	100x
Short	MEXC TAO_USDT	321.71	0.0154	get 0.0077% / 4h	2h 55m	$106.9M	$149.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.495%Rate

Funding earned: −$50.8
Price spread: −0.495% → −0.022%: −$47.25
Slippage, 4 orders: −$15.29
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$125.34
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; MEXC: 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, 8 min ago	3.10 bp	11.2 bp −$11	18.2 bp −$182	37.0 bp −$3,700	doesn't fit
Sell MEXC live order book, 3 min ago	0.47 bp	3.3 bp −$3	9.2 bp −$92	30.7 bp −$3,067	124.5 bp −$62.3K

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
Bulk TAO-USD	−0.0985%	1h	321.65	−0.513%	$171K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+0.278%	$20K	—	150x	as long as short
Bybit TAOUSDT	+0.0100%	4h	321.35	−0.606%	$70.7M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.10	−0.684%	$26.9M	$130.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.20	−0.653%	$15.4M	$48.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.54	−0.547%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.40	−0.591%	$36.3M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.85	−0.142%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.01	−0.402%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.42	−0.275%	$118K	$554K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	321.92	−0.430%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	322.67	−0.198%	$1K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.32	−0.305%	$177K	$998	3x	as long as short
MEXC TAO_USDTshort	+0.0154%	4h	321.71	−0.495%	$106.9M	$149.2M	300x
Binance TAOUSDT	+0.0156%	4h	321.47	−0.568%	$94.6M	$519.7M	75x	as long as short
BingX TAO-USDT	+0.0158%	4h	321.39	−0.594%	—	$39.0M	—	as long as short
edgeX TAOUSDC	+0.0158%	4h	323.48	+0.052%	$43K	$321K	10x	as long as short
Paradex TAO-USD-PERP	+0.0225%	8h	323.01	−0.094%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0247%	4h	322.31	−0.309%	$54K	$274K	10x	as long as short
Popdex TAOUSDT	+0.0256%	1h	322.85	−0.142%	$50K	$703K	20x	as long as short
Extended TAO-USD	+0.0296%	1h	321.54	−0.547%	$973K	$2.2M	25x	as long as short
Pacifica TAO	+0.0301%	1h	322.98	−0.101%	$376K	$439K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0304%	4h	323.87	+0.172%	$550K	$826K	10x	as long as short
Aster TAOUSDT	+0.0320%	4h	321.65	−0.513%	$1.3M	$11.2M	50x	as long as short
Arcus TAO-USD	+0.0364%	1h	323.20	−0.034%	$102K	$329K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0365% / S −0.0107%	1h	322.05	−0.388%	$379K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0392%	1h	323.88	+0.176%	$46K	$256K	50x	as long as short
BloFin TAO-USDTlong	+0.0396%	4h	323.31	long leg	$4.9M	$11.0M	100x
Lighter TAO	+0.0456%	1h	322.43	−0.272%	$1.6M	$6.6M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0488%	1h	322.23	−0.334%	$20K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0521%	4h	322.30	−0.312%	$5.7M	$9.8M	—	as long as short
Bullet TAO-USD	+0.0537%	1h	322.47	−0.260%	$12K	$17K	20x	as long as short
Nado TAO-PERP	+0.0545%	1h	322.60	−0.220%	$739K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	323.80	+0.152%	$326K	$712K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0674%	1h	322.36	−0.293%	$6.3M	$20.9M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	322.17	−0.352%	$370	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	322.74	−0.176%	$446K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	323.28	−0.009%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	322.51	−0.247%	$1.1M	$7.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0848%	1h	322.18	−0.350%	$302K	$1.1M	10x	as long as short
Hyperliquid TAO	+0.1159%	1h	322.39	−0.285%	$97.3M	$110.2M	5x	as long as short
dYdX TAO-USD	+0.1233%	1h	322.32	−0.306%	$272K	$232K	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+1.438%	$24K	$2K	12x	as long as short