TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0816%/8h= −89.4% APRnext payment −$1.02 per $10,000 · paid last 24h −0.248%

Price spread now: Aevo against Coinbase International−0.118%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1671.666% of the position

Long on Coinbase International Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.584%−$58 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.118%, 7d avg −0.146%

Together, before fees−0.587%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.028% dearer against Coinbase International than usual: you sell high and buy low (spread −0.118% now, against its 7-day average of −0.146%): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.584% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	318.46	0.0944	pay 0.0118% / 1h	58m 36s	$1.2M	$7.2M	50x
Short	Aevo TAO-PERP	318.08	0.0128	get 0.0016% / 1h	58m 36s	$175K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.118%Rate

Funding earned: −$171.36
Price spread: −0.118% → −0.146%: $2.78
Slippage, 4 orders: −$140.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$335.15
Costs to cover: 1.666%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Aevo: live order book, 40 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 Coinbase International live order book, 5 min ago	5.50 bp	12.3 bp −$12	13.3 bp −$133	doesn't fit	doesn't fit
Sell Aevo live order book, 40 min ago	53.11 bp	78.3 bp −$78	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	317.88	−0.182%	$128K	$86K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.53	−0.291%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.33	−0.041%	$49K	$719K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.28	−0.057%	$70.0M	$157.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	−0.082%	$26.5M	$131.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	−0.430%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.10	−0.113%	$14.8M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.02	−0.138%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.09	−0.116%	$35.8M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.78	−0.214%	$87K	$1.2M	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.57	−0.279%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.69	−0.242%	$116K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.55	−0.287%	$405K	—	100x	as long as short
Bullet TAO-USD	+0.0120%	1h	317.90	−0.177%	$12K	$17K	20x	as long as short
Aevo TAO-PERPshort	+0.0128%	1h	318.08	−0.118%	$175K	$998	3x
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−0.317%	$46K	$259K	50x	as long as short
Nado TAO-PERP	+0.0174%	1h	318.25	−0.065%	$779K	$2.0M	10x	as long as short
Binance TAOUSDT	+0.0175%	4h	318.28	−0.057%	$93.1M	$533.0M	75x	as long as short
MEXC TAO_USDT	+0.0176%	4h	318.05	−0.129%	$104.3M	$151.1M	300x	as long as short
Orderly PERP_TAO_USDC	+0.0186%	4h	318.05	−0.129%	$52K	$295K	10x	as long as short
edgeX TAOUSDC	+0.0189%	4h	317.56	−0.282%	$42K	$321K	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.30	−0.049%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0272%	1h	318.08	−0.119%	$15K	$1.9M	25x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.26	−0.063%	—	$37.3M	—	as long as short
GRVT TAO_USDT_Perp	+0.0300%	4h	318.61	+0.047%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0331%	4h	318.16	−0.095%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	318.24	−0.069%	$373K	$454K	10x	as long as short
Extended TAO-USD	+0.0360%	1h	318.23	−0.072%	$904K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.47	+0.003%	$100K	$377K	5x	as long as short
Phemex TAOUSDT	+0.0413%	4h	317.85	−0.192%	$3.2M	$8.1M	50x	as long as short
BloFin TAO-USDT	+0.0417%	4h	318.13	−0.104%	$4.8M	$11.0M	100x	as long as short
Hyperliquid TAO	+0.0459%	1h	318.40	−0.019%	$94.2M	$110.3M	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	318.55	+0.028%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0560%	1h	318.28	−0.056%	$1.6M	$6.6M	5x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.132%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.082%	$320K	$699K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.93	−0.165%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0761%	1h	317.98	−0.151%	$434K	$992K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0782%	1h	318.12	−0.107%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.21	−0.078%	$448K	$669K	5x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0944%	1h	318.46	long leg	$1.2M	$7.2M	50x
Injective TAO/USDC PERP	+0.3512%	1h	322.44	+1.250%	$23K	$2K	12x	as long as short