TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.57 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Bybit−0.364%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days+0.397%+$40 · spread now −0.364%, 7d avg −0.025%

Together, before fees+0.400%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.339% cheaper against Bybit than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	313.43	0.0215	pay 0.0107% / 4h	3h 12m	$67.6M	$150.8M	50x
Short	Bitget TAOUSDT	312.29	0.0100	get 0.0050% / 4h	3h 12m	$35.1M	$56.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.364%Rate

Funding earned: −$24.07
Price spread: −0.364% → −0.025%: −$33.87
Slippage, 4 orders: −$13.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.86
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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 Bybit live order book, 2 min ago	0.16 bp	8.7 bp −$9	16.8 bp −$168	41.7 bp −$4,174	doesn't fit
Sell Bitget live order book, 2 min ago	0.16 bp	6.2 bp −$6	6.2 bp −$62	13.1 bp −$1,311	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.48	−0.304%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.31	−0.356%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0010%	1h	312.57	−0.274%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.35	−0.345%	$46K	$658K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	312.28	−0.367%	$639	$851K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.76	−0.214%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.53	−0.288%	$89.4M	$501.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	−0.010%	$26.1M	$121.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.20	−0.392%	$13.3M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.12	−0.099%	$103.3M	$145.6M	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	312.22	−0.386%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	312.29	−0.364%	$35.1M	$56.5M	50x
edgeX TAOUSDC	+0.0100%	4h	312.81	−0.199%	$42K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.61	+0.057%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.22	−0.386%	$82K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.46	−0.310%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.09	−0.428%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.21	−0.389%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.49	−0.300%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.54	−0.284%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.68	−0.240%	$172K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0112%	4h	312.64	−0.251%	$531K	$956K	10x	as long as short
Aster TAOUSDT	+0.0112%	4h	312.61	−0.261%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.48	−0.303%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0132%	1h	312.25	−0.376%	$421K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	312.52	−0.290%	$14K	$1K	10x	as long as short
Bybit TAOUSDTlong	+0.0215%	4h	313.43	long leg	$67.6M	$150.8M	50x
Arcus TAO-USD	+0.0231%	1h	312.67	−0.242%	$101K	$394K	5x	as long as short
Extended TAO-USD	+0.0320%	1h	312.48	−0.304%	$914K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0323%	4h	312.65	−0.249%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0326%	1h	312.53	−0.288%	$789K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.64	−0.252%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.70	−0.233%	$311K	$711K	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.855%	$165K	$333	10x	as long as short
Hyperliquid TAO	+0.0481%	1h	312.89	−0.172%	$91.9M	$107.9M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.53	−0.287%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0498%	1h	312.97	−0.147%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0515%	1h	312.56	−0.276%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0640%	1h	312.87	−0.180%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.74	−0.220%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.34	−0.348%	$443K	$647K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	313.04	−0.124%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.034%	$23K	$2K	12x	as long as short