TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0966%/8h= +105.8% APRnext payment +$1.21 per $10,000 · paid last 24h +0.560%

Price spread now: Coinbase International against Bulk+1.826%7-day average +0.282% · 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+$119as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.883%+$88 on $10k

Price spread, last 4 days (all we have)−1.638%−$164 · spread now +1.826%, 7d avg +0.282%

Together, before fees−0.755%−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Coinbase International is 1.544% dearer against Bulk than usual: you sell high and buy low: +$154 more if the spread goes back to its 7-day average of +0.282%.

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	20m 55s	$167K	$333	10x
Short	Coinbase International TAO-PERP-INTX	319.47	0.0928	get 0.0116% / 1h	20m 55s	$1.5M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +1.826%Rate

Funding earned: $202.88
Price spread: +1.826% → +0.282%: $154.43
Slippage, 4 orders: −$18.04
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $322.27
Costs to cover: 0.350%
Break-even: from the start

Slippage from Bulk: live order book, 28 min ago; Coinbase International: 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 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 Coinbase International live order book, 3 min ago	7.59 bp	12.6 bp −$13	16.6 bp −$166	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	319.63	+1.877%	$91.8M	$510.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+1.932%	$26.7M	$125.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.70	+1.581%	$14.1M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.62	+1.874%	$100.7M	$147.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.60	+1.868%	$17.6M	$31.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.25	+1.756%	$36.0M	$57.4M	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	319.14	+1.721%	$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	318.38	+1.479%	$4.6M	$11.1M	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	319.12	+1.715%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0409%	4h	319.91	+1.967%	$69.7M	$152.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0452%	1h	318.15	+1.406%	$15K	$1.8M	25x	as long as short
Variational Omni TAO	+0.0459%	4h	318.52	+1.523%	$5.6M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	319.10	+1.708%	$103K	$345K	5x	as long as short
Extended TAO-USD	+0.0496%	1h	319.79	+1.929%	$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	318.55	+1.533%	$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	+0.0820%	1h	319.56	+1.855%	$93.7M	$109.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0843%	1h	318.60	+1.549%	$316K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0928%	1h	319.47	+1.826%	$1.5M	$6.9M	50x
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