TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0783%/8h= −85.7% APRnext payment −$0.98 per $10,000 · paid last 24h −0.222%

Price spread now: Arcus against Coinbase International−0.120%7-day average −0.111% · 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−$54as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.454%−$45 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.120%, 7d avg −0.111%

Together, before fees−0.465%−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.111%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	316.73	0.0984	pay 0.0123% / 1h	12m 14s	$1.5M	$6.4M	50x
Short	Arcus TAO-USD	316.35	0.0201	get 0.0025% / 1h	12m 14s	$84K	$550K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$164.36
Price spread: −0.120% → −0.111%: −$0.93
Slippage, 4 orders: −$39.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$218.85
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Arcus: live order book, 62 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, 2 min ago	7.40 bp	16.0 bp −$16	18.8 bp −$188	doesn't fit	doesn't fit
Sell Arcus live order book, 62 min ago	8.66 bp	13.7 bp −$14	28.4 bp −$284	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	−0.1821%	1h	318.67	+0.612%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.74	−0.314%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.03	−0.221%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.17	−0.177%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.24	−0.155%	$90.7M	$450.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	−0.230%	$25.8M	$108.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.00	−0.230%	$12.8M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.15	−0.183%	$98.9M	$136.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.05	−0.215%	$17.9M	$29.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.10	−0.199%	$35.2M	$51.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.13	−0.189%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.19	−0.171%	$524K	$958K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.35	−0.120%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.24	−0.155%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.93	−0.253%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.39	−0.107%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.47	−0.082%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.97	+0.076%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	316.27	−0.145%	$1K	$636K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	315.92	−0.255%	$448K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.15	−0.184%	$375K	$375K	10x	as long as short
Arcus TAO-USDshort	+0.0201%	1h	316.35	−0.120%	$84K	$550K	5x
Aster TAOUSDT	+0.0206%	4h	316.16	−0.180%	$1.2M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	316.08	−0.205%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0247%	1h	316.20	−0.167%	$48K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0269%	1h	316.44	−0.092%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.46	−0.085%	$4.5M	$10.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0365%	1h	316.22	−0.161%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0485%	1h	316.26	−0.147%	$5.7M	$20.3M	50x	as long as short
Variational Omni TAO	+0.0516%	4h	316.67	−0.020%	$5.5M	$8.7M	—	as long as short
Phoenix TAO	+0.0525%	1h	316.60	−0.041%	$331K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.26	−0.148%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.328%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0609%	4h	316.27	−0.145%	—	$30.4M	—	as long as short
Bybit TAOUSDT	+0.0673%	4h	316.32	−0.129%	$65.2M	$133.4M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	316.26	−0.147%	$364	—	20x	as long as short
Nado TAO-PERP	+0.0764%	1h	316.03	−0.222%	$877K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	316.37	−0.114%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0984%	1h	316.73	long leg	$1.5M	$6.4M	50x
Extended TAO-USD	+0.1112%	1h	316.25	−0.153%	$886K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.15	−0.183%	$418K	$593K	5x	as long as short
Lighter TAO	+0.1432%	1h	316.74	+0.004%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1848%	1h	316.61	−0.038%	$101.4M	$91.8M	5x	as long as short