TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0576%/8h= −63.1% APRnext payment −$0.72 per $10,000 · paid last 24h −0.232%

Price spread now: Pacifica against Coinbase International−0.317%7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.522%−$52 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.317%, 7d avg −0.176%

Together, before fees−0.401%+ Points / potential airdropPacifica: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Pacifica is 0.140% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.176%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	320.00	0.1024	pay 0.0128% / 1h	41m 07s	$1.5M	$6.5M	50x
Short	Pacifica TAO	318.99	0.0448	get 0.0056% / 1h	41m 07s	$376K	$396K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.317%Rate

Funding earned: −$120.98
Price spread: −0.317% → −0.176%: −$14.04
Slippage, 4 orders: −$30.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$183.55
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 22 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, 3 min ago	9.72 bp	14.7 bp −$15	19.6 bp −$196	doesn't fit	doesn't fit
Sell Pacifica live order book, 22 min ago	3.77 bp	10.5 bp −$11	doesn't fit	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	−1.097%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.47	−0.478%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.92	−0.026%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.40	−0.188%	$44K	$654K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.96	−0.014%	$92.7M	$471.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	0.000%	$26.4M	$116.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−0.156%	$13.1M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.86	−0.044%	$106.5M	$139.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.79	−0.066%	$18.1M	$30.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.83	−0.053%	$35.7M	$53.8M	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	318.60	−0.439%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.32	+0.100%	$74K	$764K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	320.11	+0.034%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.90	−0.031%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.98	−0.006%	$130K	$478K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.93	−0.022%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.98	−0.008%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	319.23	−0.241%	$1K	$753K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0163% / S +0.0106%	1h	320.08	+0.026%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0224%	4h	318.95	−0.328%	$526K	$955K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	319.88	−0.038%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0289%	1h	320.50	+0.156%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0322%	4h	319.82	−0.056%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0329%	8h	319.17	−0.259%	$14K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	320.59	+0.184%	$4.5M	$10.7M	100x	as long as short
Pacifica TAOshort	+0.0448%	1h	318.99	−0.317%	$376K	$396K	10x
Deribit TAO_USDC-PERPETUAL	+0.0453%	1h	319.86	−0.043%	$17K	$1.6M	25x	as long as short
Phoenix TAO	+0.0504%	1h	318.90	−0.344%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	319.69	−0.097%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0536%	1h	320.35	+0.109%	$773K	$2.1M	10x	as long as short
BingX TAO-USDT	+0.0642%	4h	319.70	−0.094%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0658%	4h	319.99	−0.003%	$68.2M	$139.9M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.45	+0.140%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	319.93	−0.022%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	+0.068%	$5.9M	$9.7M	—	as long as short
ApeX Omni TAOUSDT	+0.0883%	1h	318.78	−0.381%	$47K	$253K	50x	as long as short
Extended TAO-USD	+0.0920%	1h	319.81	−0.059%	$937K	$2.3M	25x	as long as short
Lighter TAO	+0.0960%	1h	320.21	+0.067%	$1.6M	$6.3M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0981%	1h	320.10	+0.031%	$440K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.1024%	1h	320.00	long leg	$1.5M	$6.5M	50x
RISEx TAO/USDC	+0.1159%	1h	319.44	−0.175%	$453K	$627K	5x	as long as short
Hyperliquid TAO	+0.1392%	1h	320.08	+0.025%	$100.5M	$98.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	−0.097%	$23K	$2K	12x	as long as short