TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Bybit+0.102%102s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.411% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.102%, 7d avg −0.009%

Together, before fees+0.373%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.111% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.009%. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	314.19	0.0100	pay 0.0050% / 4h	3h 53m	$67.6M	$149.2M	50x
Short	BloFin TAO-USDT	314.51	0.0340	get 0.0170% / 4h	3h 53m	$4.6M	$10.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.102%Rate

Funding earned: $50.4
Price spread: +0.102% → −0.009%: $11.08
Slippage, 4 orders: −$18.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.39
Costs to cover: 0.411%
Break-even: 4.2 days

Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago	0.16 bp	9.6 bp −$10	17.8 bp −$178	41.1 bp −$4,108	doesn't fit
Sell BloFin live order book, 5 min ago	0.63 bp	10.8 bp −$11	17.2 bp −$172	33.3 bp −$3,334	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	−0.0346%	1h	313.56	−0.199%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	314.02	−0.054%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.84	−0.111%	$20K	—	150x	as long as short
Gate TAO_USDT	+0.0008%	4h	313.60	−0.188%	$13.0M	$49.2M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.05	−0.045%	$43K	$653K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	313.83	−0.115%	$1K	$807K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.26	+0.021%	$359K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.07	−0.038%	$90.5M	$496.0M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	314.19	long leg	$67.6M	$149.2M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	+0.003%	$26.0M	$120.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	+0.0100%	1h	315.10	+0.290%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.29	+0.032%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.86	−0.105%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.75	−0.140%	$35.1M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.02	−0.054%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.34	+0.047%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	−0.176%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.29	+0.032%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.70	−0.156%	$77K	$863K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.02	−0.054%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.56	−0.201%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.51	−0.216%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.09	−0.032%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	313.66	−0.169%	$52K	$271K	10x	as long as short
Hyperliquid TAO	+0.0134%	1h	314.11	−0.025%	$92.2M	$106.6M	5x	as long as short
Aster TAOUSDT	+0.0137%	4h	313.85	−0.108%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	313.82	−0.117%	$426K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0144%	8h	314.15	−0.013%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0184%	1h	313.90	−0.091%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0197%	1h	314.09	−0.031%	$798K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.17	−0.006%	$102K	$441K	5x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	314.51	+0.102%	$4.6M	$10.8M	100x
Backpack TAO_USDC_PERP	+0.0361%	1h	313.58	−0.194%	$311K	$914K	10x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	−0.156%	$5.6M	$9.9M	—	as long as short
01 Exchange TAOUSD	+0.0376%	1h	314.18	−0.003%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0400%	1h	314.37	+0.057%	$1.5M	$6.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	313.69	−0.159%	$21K	$1.7M	25x	as long as short
Phoenix TAO	+0.0581%	1h	313.60	−0.188%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.75	−0.140%	$361	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.98	−0.066%	$434K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.92	+0.232%	$1.5M	$6.7M	50x	as long as short
Phemex TAOUSDT	+0.1188%	4h	313.73	−0.146%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.108%	$23K	$2K	12x	as long as short