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 00:00 UTC+0.2186%/8h= +239.4% APRpaid last 24h +0.276%
Price spread now: Bybit against Bulk+0.465%7-day average +0.105% · 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+$6as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Long on BulkShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.305%+$31 on $10k
Price spread, last 4 days (all we have)−0.425%−$43 · spread now +0.465%, 7d avg +0.105%
Together, before fees−0.120%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$66 a day on $10k at the current rate, and Bybit is 0.360% dearer against Bulk than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.105%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.305% in total (about 32.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk TAO-USD311.96−0.2086get 0.0261% / 1h7m 14s$167K$47K10x
ShortBybit TAOUSDT313.410.0100get 0.0050% / 4h7m 14s$61.7M$125.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$459.06
Price spread: +0.465% → +0.105%
$35.98
Slippage, 4 orders
−$11.73
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$465.31
Costs to cover
0.297%
Break-even
from the start
Slippage from Bulk: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago0.16 bp6.2 bp −$613.3 bp −$133doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.16 bp9.7 bp −$1017.0 bp −$17038.0 bp −$3,800doesn'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
Bulk TAO-USDlong−0.2086%1h311.96long leg$167K$47K10x
dYdX TAO-USD0.0000%1h312.46+0.159%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0002%1h313.45+0.477%$27K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h312.08+0.038%$23K$36212xas long as short
Popdex TAOUSDT+0.0096%1h312.68+0.231%$37K$565K20xas long as short
Pacifica TAO+0.0100%1h312.90+0.301%$370K$363K10xas long as short
Binance TAOUSDT+0.0100%4h313.49+0.491%$88.9M$428.8M75xas long as short
Bybit TAOUSDTshort+0.0100%4h313.41+0.465%$61.7M$125.5M50x
OKX TAO-USDT-SWAP+0.0100%8h313.30+0.430%$25.2M$102.0M50xas long as short
Gate TAO_USDT+0.0100%4h313.00+0.333%$12.5M$50.4M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.19+0.394%$111.1M$131.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.54+0.506%$18.5M$27.8M75xas long as short
Bitget TAOUSDT+0.0100%4h313.32+0.436%$35.0M$47.1M50xas long as short
BingX TAO-USDT+0.0100%4h313.60+0.526%—$30.5M—as long as short
edgeX TAOUSDC+0.0100%4h313.12+0.372%$41K$281K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h313.31+0.434%$524K$952K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h312.79+0.266%$47K$268K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h312.98+0.327%$77K$450K5xas long as short
Bullet TAO-USD+0.0100%1h313.42+0.470%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.61+0.529%$60K$275K10xas long as short
SunX TAO-USDT+0.0100%4h312.39+0.138%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h312.80+0.269%$128K$417K20xas long as short
Phemex TAOUSDT+0.0100%4h313.25+0.414%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h313.76+0.575%$172K$9983xas long as short
Katana Perps TAO-USD+0.0109%8h312.86+0.288%$1K$565K5xas long as short
Aster TAOUSDT+0.0164%4h313.36+0.449%$1.1M$7.9M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0071%1h313.25+0.413%$446K—100xas long as short
Arcus TAO-USD+0.0186%1h313.08+0.359%$83K$545K5xas long as short
Paradex TAO-USD-PERP+0.0193%8h312.88+0.295%$14K$1K10xas long as short
Variational Omni TAO+0.0216%4h312.58+0.199%$3.9M$7.1M—as long as short
Deribit TAO_USDC-PERPETUAL+0.0297%1h313.69+0.555%$20K$1.5M25xas long as short
BloFin TAO-USDT+0.0340%4h313.62+0.532%$4.4M$10.5M100xas long as short
Nado TAO-PERP+0.0433%1h312.80+0.270%$822K$2.0M10xas long as short
Kraken Futures PF_TAOUSD+0.0448%1h313.52+0.499%$5.7M$19.8M50xas long as short
Backpack TAO_USDC_PERP+0.0526%1h313.08+0.359%$292K$803K10xas long as short
Phoenix TAO+0.0537%1h312.50+0.173%$327K$521K5xas long as short
01 Exchange TAOUSD+0.0584%1h313.07+0.356%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h313.10+0.366%$360—20xas long as short
Extended TAO-USD+0.0848%1h313.50+0.492%$859K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h313.96+0.641%$1.5M$5.8M50xas long as short
Lighter TAO+0.1208%1h314.02+0.659%$1.6M$5.8M5xas long as short
RISEx TAO/USDC+0.1238%1h312.82+0.277%$414K$585K5xas long as short
Hyperliquid TAO+0.1591%1h313.44+0.474%$98.3M$84.6M5xas long as short