TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0425%/8h= +46.5% APRnext payment +$0.53 per $10,000 · paid last 24h +0.345%

Price spread now: Pacifica against Bulk−0.083%7-day average +0.108% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Bulk Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.396%+$40 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.083%, 7d avg +0.108%

Together, before fees+0.598%+ Points / potential airdropPacifica: Active · farm board+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.191% cheaper against Bulk than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.108%). If the spread goes back, that is −$19 on $10k: about 36 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	317.85	0.0100	pay 0.0013% / 1h	58m 51s	$169K	$333	10x
Short	Pacifica TAO	317.59	0.0525	get 0.0066% / 1h	58m 51s	$361K	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.083%Rate

Funding earned: $89.19
Price spread: −0.083% → +0.108%: −$19.1
Slippage, 4 orders: −$11.31
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $43.78
Costs to cover: 0.263%
Break-even: 3.6 days

Slippage from Bulk: live order book, 45 min ago; Pacifica: live order book, 45 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, 45 min ago	0.16 bp	4.0 bp −$4	6.5 bp −$65	16.5 bp −$1,647	doesn't fit
Sell Pacifica live order book, 45 min ago	2.97 bp	11.1 bp −$11	doesn't fit	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	317.27	−0.183%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.32	−0.167%	$22K	—	150x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.50	−0.110%	$26.6M	$129.7M	50x	as long as short
Bulk TAO-USDlong	+0.0100%	1h	317.85	long leg	$169K	$333	10x
Gate TAO_USDT	+0.0100%	4h	317.30	−0.173%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.46	−0.122%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.32	−0.166%	$35.7M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.02	−0.261%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.48	−0.116%	$84K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.34	−0.160%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.29	−0.176%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.42	−0.135%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0155%	1h	317.36	−0.155%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.61	−0.077%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0134%	4h	317.59	−0.081%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0168%	4h	317.56	−0.091%	$107.4M	$150.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	317.65	−0.063%	$92.2M	$529.0M	75x	as long as short
Bullet TAO-USD	+0.0178%	1h	317.69	−0.049%	$12K	$17K	20x	as long as short
edgeX TAOUSDC	+0.0178%	4h	317.16	−0.216%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0230%	8h	317.57	−0.088%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0248%	4h	317.71	−0.044%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.56	−0.091%	—	$36.7M	—	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	−0.155%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0331%	4h	317.57	−0.088%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	317.44	−0.129%	$904K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0380%	1h	317.60	−0.078%	$94.0M	$110.1M	5x	as long as short
BloFin TAO-USDT	+0.0411%	4h	317.50	−0.110%	$4.7M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0468%	1h	317.54	−0.096%	$15K	$2.0M	25x	as long as short
Popdex TAOUSDT	+0.0480%	1h	317.63	−0.069%	$43K	$706K	20x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	−0.132%	$5.6M	$10.2M	—	as long as short
Pacifica TAOshort	+0.0525%	1h	317.59	−0.083%	$361K	$427K	10x
Nado TAO-PERP	+0.0545%	1h	317.83	−0.007%	$788K	$2.0M	10x	as long as short
Lighter TAO	+0.0560%	1h	317.71	−0.044%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0567%	1h	317.40	−0.141%	$316K	$701K	5x	as long as short
Phemex TAOUSDT	+0.0632%	4h	317.70	−0.047%	$3.2M	$8.2M	50x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.95	+0.032%	$102K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0648%	1h	317.58	−0.085%	$296K	$905K	10x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	317.94	+0.029%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.49	−0.114%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.64	−0.064%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0834%	1h	317.59	−0.083%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.45	+0.189%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	323.52	+1.784%	$24K	$2K	12x	as long as short