Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h +0.252%
Price spread now: Binance against Bulk+0.515%7-day average +0.063% · 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+$16as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Long on BulkShort on Binance
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.288%+$29 on $10k
Price spread, last 4 days (all we have)−0.426%−$43 · spread now +0.515%, 7d avg +0.063%
Together, before fees−0.138%−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.452% dearer against Bulk than usual: you sell high and buy low (spread +0.515% now, against its 7-day average of +0.063%): +$45 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 3 days funding on this pair paid +0.288%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk TAO-USD304.810.0668pay 0.0084% / 1h35m 27s$200K$57K10x
ShortBinance TAOUSDT306.380.0100get 0.0050% / 4h2h 35m$85.9M$401.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
−$119.31
Price spread: +0.515% → +0.063%
$45.2
Slippage, 4 orders
−$11.83
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$102.94
Costs to cover
0.288%
Break-even
from the start
Slippage from Bulk: live order book, 53 min ago; Binance: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 53 min ago2.39 bp5.9 bp −$65.9 bp −$5910.9 bp −$1,09134.6 bp −$17.3K
Sell Binance live order book, 8 min ago0.16 bp8.1 bp −$814.7 bp −$14736.2 bp −$3,621doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h306.36+0.508%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.17+0.445%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h306.52+0.561%$41K$524K20xas long as short
Pacifica TAO+0.0100%1h306.50+0.554%$362K$400K10xas long as short
Binance TAOUSDTshort+0.0100%4h306.38+0.515%$85.9M$401.4M75x
Bybit TAOUSDT+0.0100%4h306.54+0.568%$59.0M$117.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.50+0.554%$25.0M$92.4M50xas long as short
Arcus TAO-USD+0.0100%1h306.77+0.643%$137K$593K5xas long as short
Gate TAO_USDT+0.0100%4h306.20+0.456%$12.1M$47.7M50xas long as short
MEXC TAO_USDT+0.0100%4h306.36+0.509%$112.8M$122.5M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.37+0.512%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h306.29+0.486%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h306.39+0.518%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h305.77+0.315%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.09+0.091%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.96+0.376%$536K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.64+0.272%$46K$268K50xas long as short
Bullet TAO-USD+0.0100%1h306.28+0.482%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.37+0.512%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.34+0.502%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.21+0.459%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.79+0.322%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h306.42+0.527%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h306.54+0.568%$876$428K5xas long as short
Polymarket Perps TAO-USD+0.0123%1h306.64+0.600%$85K$668K5xas long as short
Aster TAOUSDT+0.0140%4h306.34+0.502%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0166%8h306.55+0.571%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.17+0.446%$437K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0206%1h306.49+0.552%$14K$1.3M25xas long as short
Phoenix TAO+0.0234%1h306.20+0.456%$324K$462K5xas long as short
Nado TAO-PERP+0.0253%1h306.46+0.543%$849K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.41+0.525%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0512%1h306.95+0.702%$3K$4K5xas long as short
Bulk TAO-USDlong+0.0668%1h304.81long leg$200K$57K10x
Extended TAO-USD+0.0688%1h306.54+0.567%$872K$1.9M25xas long as short
Reya TAORUSDPERP+0.0694%1h306.34+0.502%$352—20xas long as short
Lighter TAO+0.0872%1h306.88+0.680%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.23+0.466%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1028%1h306.75+0.637%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h306.68+0.614%$411K$537K5xas long as short
Backpack TAO_USDC_PERP+0.1268%1h306.34+0.502%$469K$683K10xas long as short
Hyperliquid TAO+0.1659%1h307.00+0.718%$93.3M$75.5M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.62+1.250%$22K$13812xas long as short