TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0521%/8h= +57.1% APRnext payment +$0.65 per $10,000 · paid last 24h +0.327%

Price spread now: Arcus against Bulk+1.708%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$122as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Bulk Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.387%+$39 on $10k

Price spread, last 4 days (all we have)−1.488%−$149 · spread now +1.708%, 7d avg +0.170%

Together, before fees−1.101%−$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 1.538% dearer against Bulk than usual: you sell high and buy low: +$154 more if the spread goes back to its 7-day average of +0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	313.74	−0.0038	get 0.0005% / 1h	21m 20s	$167K	$333	10x
Short	Arcus TAO-USD	319.10	0.0483	get 0.0060% / 1h	21m 20s	$103K	$345K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bulk. 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 BulkbpFee ArcusbpOrdersPrice spread, now +1.708%Rate

Funding earned: $109.5
Price spread: +1.708% → +0.170%: $153.85
Slippage, 4 orders: −$20.69
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $231.16
Costs to cover: 0.322%
Break-even: from the start

Slippage from Bulk: live order book, 28 min ago; Arcus: live order book, 27 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 Bulk live order book, 28 min ago	0.32 bp	4.5 bp −$4	8.5 bp −$85	21.2 bp −$2,123	doesn't fit
Sell Arcus live order book, 27 min ago	6.85 bp	10.4 bp −$10	23.5 bp −$235	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
Bulk TAO-USDlong	−0.0038%	1h	313.74	long leg	$167K	$333	10x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.20	+1.423%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0040%	1h	318.63	+1.559%	$127K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.51	+1.520%	$91.4M	$510.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.30	+1.453%	$26.7M	$124.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.40	+1.485%	$14.1M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.64	+1.562%	$100.7M	$147.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.66	+1.568%	$17.5M	$31.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.03	+1.367%	$35.9M	$57.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.37	+0.521%	$42K	$315K	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	318.58	+1.543%	$91K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.05	+1.374%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.69	+1.259%	$115K	$562K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.16	+1.409%	$3.2M	$8.0M	50x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	319.02	+1.683%	$2K	$936K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.12	+1.398%	$175K	$998	3x	as long as short
Popdex TAOUSDT	+0.0112%	1h	318.93	+1.654%	$53K	$669K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	318.27	+1.444%	$53K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0141%	1h	318.11	+1.392%	$426K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	319.23	+1.748%	$363K	$419K	10x	as long as short
Aster TAOUSDT	+0.0237%	4h	318.62	+1.556%	$1.3M	$10.6M	50x	as long as short
Nado TAO-PERP	+0.0244%	1h	318.83	+1.623%	$803K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0273%	8h	319.36	+1.791%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0299%	1h	318.51	+1.521%	$6.0M	$21.5M	50x	as long as short
Bullet TAO-USD	+0.0330%	1h	318.68	+1.575%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.98	+0.714%	$4.6M	$11.0M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0374%	4h	315.91	+0.693%	$537K	$923K	10x	as long as short
BingX TAO-USDT	+0.0402%	4h	318.37	+1.476%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0409%	4h	318.39	+1.482%	$69.4M	$152.9M	50x	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.230%	$5.5M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0452%	1h	318.15	+1.406%	$15K	$1.8M	25x	as long as short
Arcus TAO-USDshort	+0.0483%	1h	319.10	+1.708%	$103K	$345K	5x
Extended TAO-USD	+0.0496%	1h	318.29	+1.450%	$907K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	316.70	+0.943%	$315K	$713K	5x	as long as short
ApeX Omni TAOUSDT	+0.0574%	1h	315.18	+0.459%	$45K	$256K	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	318.68	+1.576%	$366	—	20x	as long as short
Lighter TAO	+0.0752%	1h	319.15	+1.724%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	319.61	+1.871%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0816%	1h	318.92	+1.651%	$93.5M	$108.9M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0831%	1h	318.96	+1.664%	$317K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	319.47	+1.826%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	318.93	+1.656%	$461K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.830%	$23K	$2K	12x	as long as short