TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0513%/8h= −56.1% APRnext payment −$2.56 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Bybit−0.336%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+1.110%+$111 · spread now −0.336%, 7d avg −0.026%

Together, before fees+1.050%+ Points / potential airdropedgeX: Active · farm board+$105 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and edgeX is 0.311% cheaper against Bybit than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	320.81	0.0613	pay 0.0306% / 4h	1h 37m	$68.4M	$140.5M	50x
Short	edgeX TAOUSDC	319.73	0.0100	get 0.0050% / 4h	1h 37m	$36K	$300K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.336%Rate

Funding earned: −$107.67
Price spread: −0.336% → −0.026%: −$31.07
Slippage, 4 orders: −$25.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$184.2
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 25 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, 1 min ago	0.94 bp	12.4 bp −$12	21.2 bp −$212	45.4 bp −$4,539	doesn't fit
Sell edgeX live order book, 25 min ago	6.30 bp	10.8 bp −$11	24.0 bp −$240	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-USD	−0.3652%	1h	316.49	−1.347%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.87	−0.293%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.67	−0.355%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.74	−0.022%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.67	−0.042%	$92.9M	$473.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.80	−0.003%	$26.4M	$117.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.30	−0.159%	$13.1M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.37	−0.137%	$109.2M	$139.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.57	−0.075%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.59	−0.069%	$35.8M	$54.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDCshort	+0.0100%	4h	319.73	−0.336%	$36K	$300K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	320.70	−0.034%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.62	−0.371%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.11	−0.218%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.59	−0.380%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.02	−0.248%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0104%	4h	319.98	−0.259%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.61	−0.062%	$681	$759K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0163% / S +0.0106%	1h	319.62	−0.371%	$434K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.456%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	319.81	−0.310%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0305%	1h	320.71	−0.031%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0322%	8h	320.56	−0.078%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0335%	4h	320.54	−0.084%	$1.2M	$9.3M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.17	−0.511%	$4.5M	$10.7M	100x	as long as short
Pacifica TAO	+0.0448%	1h	320.40	−0.127%	$378K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.097%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	320.95	+0.044%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0545%	1h	320.89	+0.026%	$778K	$2.1M	10x	as long as short
Bybit TAOUSDTlong	+0.0613%	4h	320.81	long leg	$68.4M	$140.5M	50x
BingX TAO-USDT	+0.0635%	4h	320.57	−0.075%	—	$30.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0640%	1h	319.86	−0.295%	$17K	$1.6M	25x	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.502%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.79	−0.007%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	320.82	+0.003%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.185%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	320.83	+0.008%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0920%	1h	320.59	−0.068%	$939K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1008%	1h	319.89	−0.287%	$440K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	320.65	−0.050%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	320.76	−0.016%	$456K	$628K	5x	as long as short
Hyperliquid TAO	+0.1380%	1h	321.14	+0.103%	$100.9M	$98.5M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	−0.349%	$23K	$2K	12x	as long as short