TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h +0.264%

Price spread now: Extended against Bulk+1.119%7-day average +0.012% · 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+$86as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Bulk Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.308%+$31 on $10k

Price spread, last 4 days (all we have)−1.082%−$108 · spread now +1.119%, 7d avg +0.012%

Together, before fees−0.775%+ Points / potential airdropExtended: Active · farm board−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 1.107% dearer against Bulk than usual: you sell high and buy low: +$111 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	304.81	0.0668	pay 0.0084% / 1h	32m 29s	$200K	$57K	10x
Short	Extended TAO-USD	308.22	0.0696	get 0.0087% / 1h	32m 29s	$881K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +1.119%Rate

Funding earned: $5.85
Price spread: +1.119% → +0.012%: $110.74
Slippage, 4 orders: −$13.2
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $91.38
Costs to cover: 0.252%
Break-even: from the start

Slippage from Bulk: live order book, 56 min ago; Extended: live order book, 1 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, 56 min ago	2.39 bp	5.9 bp −$6	5.9 bp −$59	10.9 bp −$1,091	34.6 bp −$17.3K
Sell Extended live order book, 1 min ago	1.46 bp	5.1 bp −$5	7.2 bp −$72	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
dYdX TAO-USD	0.0000%	1h	308.02	+1.053%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.67	+0.937%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.80	+0.981%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.28	+1.138%	$364K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.83	+0.991%	$86.3M	$401.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.90	+1.014%	$59.3M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.80	+0.981%	$25.1M	$92.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.16	+1.099%	$137K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.70	+0.948%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.71	+0.951%	$113.6M	$122.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.75	+0.965%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.62	+0.922%	$34.5M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.78	+0.974%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	+0.315%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	+0.518%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	+0.818%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	+0.272%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.84	+0.994%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.70	+0.948%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.97	+0.709%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.10	+0.751%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.55	+0.899%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.77	+0.971%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.74	+0.961%	$2K	$428K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	307.97	+1.037%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0157%	4h	307.98	+1.039%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0166%	8h	308.24	+1.126%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.66	+0.937%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0212%	1h	307.76	+0.968%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	+0.456%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0264%	1h	307.84	+0.996%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.18	+0.778%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	308.13	+1.089%	$3K	$4K	5x	as long as short
Bulk TAO-USDlong	+0.0668%	1h	304.81	long leg	$200K	$57K	10x
Reya TAORUSDPERP	+0.0694%	1h	307.76	+0.969%	$354	—	20x	as long as short
Extended TAO-USDshort	+0.0696%	1h	308.22	+1.119%	$881K	$1.9M	25x
Lighter TAO	+0.0896%	1h	308.57	+1.235%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+1.194%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.92	+1.021%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.99	+1.042%	$412K	$534K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1300%	1h	308.10	+1.079%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1683%	1h	308.43	+1.188%	$94.1M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+1.250%	$22K	$138	12x	as long as short