Funding you earn now, next payment 08:00 UTC−0.0584%/8h= −63.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.173%
Price spread now: Extended against Coinbase International−0.124%7-day average −0.225% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.476%−$48 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.124%, 7d avg −0.225%
=Together, before fees−0.582%+ Points / potential airdropExtended: Active · farm board−$58 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.101% dearer against Coinbase International than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.225%): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.476% in total) that is about 36 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 54s | $1.2M | $7.2M | 50x |
| Short | Extended TAO-USD | 318.07 | 0.0360 | get 0.0045% / 1h | 58m 54s | $904K | $2.4M | 25x |
Coinbase International TAO-PERP-INTX
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.64
- Price spread: −0.124% → −0.225%
- $10.14
- Slippage, 4 orders
- −$22.56
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$150.06
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Extended: 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 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 Extended live order book, 5 min ago | 2.52 bp | 7.5 bp −$7 | 10.4 bp −$104 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 317.53 | −0.291% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0065% | 1h | 317.56 | −0.284% | $128K | $86K | 5x | as long as short |
| Nado TAO-PERP | +0.0100% | 1h | 317.79 | −0.211% | $777K | $2.0M | 10x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 318.31 | −0.047% | $70.0M | $157.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.20 | −0.082% | $26.5M | $131.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.90 | −0.176% | $14.8M | $48.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.89 | −0.179% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 317.99 | −0.148% | $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 |
| SunX TAO-USDT | +0.0100% | 4h | 317.57 | −0.279% | $2K | $2.0M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 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-PERP | +0.0128% | 1h | 318.08 | −0.118% | $175K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0137% | 1h | 317.45 | −0.317% | $46K | $259K | 50x | as long as short |
| MEXC TAO_USDT | +0.0176% | 4h | 318.21 | −0.079% | $104.4M | $151.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0177% | 4h | 318.21 | −0.079% | $93.1M | $533.2M | 75x | as long as short |
| Popdex TAOUSDT | +0.0184% | 1h | 317.75 | −0.223% | $49K | $717K | 20x | 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 |
| Bulk TAO-USD | +0.0217% | 1h | 317.92 | −0.168% | $169K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0250% | 8h | 318.22 | −0.077% | $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 | 318.02 | −0.138% | — | $37.4M | — | as long as short |
| GRVT TAO_USDT_Perp | +0.0300% | 4h | 318.61 | +0.047% | $542K | $896K | 10x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 318.06 | −0.126% | $373K | $454K | 10x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 318.19 | −0.086% | $1.3M | $11.1M | 50x | as long as short |
| Extended TAO-USDshort | +0.0360% | 1h | 318.07 | −0.124% | $904K | $2.4M | 25x | |
| Hyperliquid TAO | +0.0404% | 1h | 317.98 | −0.151% | $94.1M | $110.3M | 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 |
| Arcus TAO-USD | +0.0473% | 1h | 318.14 | −0.100% | $100K | $383K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0512% | 1h | 317.99 | −0.148% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0560% | 1h | 318.18 | −0.089% | $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 | 317.78 | −0.215% | $448K | $668K | 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 |
HTX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aevo TAO-PERP
ApeX Omni TAOUSDT
MEXC TAO_USDT
Binance TAOUSDT
Popdex TAOUSDT
Orderly PERP_TAO_USDC
edgeX TAOUSDC
Bulk TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
BingX TAO-USDT
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
Hyperliquid TAO
Phemex TAOUSDT
BloFin TAO-USDT
Arcus TAO-USD
01 Exchange TAOUSD
Lighter TAO
Variational Omni TAO
Phoenix TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP