TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: Arcus against Deribit+0.076%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.076%, 7d avg +0.052%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.024% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	312.67	0.0437	pay 0.0055% / 1h	56m 25s	$11K	$1.8M	25x
Short	Arcus TAO-USD	312.91	0.0483	get 0.0060% / 1h	56m 25s	$101K	$370K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.076%Rate

Funding earned: $9.72
Price spread: +0.076% → +0.052%: $2.41
Slippage, 4 orders: −$29.72
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$29.09
Costs to cover: 0.412%
Break-even: 27.9 days

Slippage from Deribit: live order book, 3 min ago; Arcus: live order book, 57 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 Deribit live order book, 3 min ago	3.53 bp	10.5 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell Arcus live order book, 57 min ago	5.09 bp	8.2 bp −$8	21.1 bp −$211	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
dYdX TAO-USD	0.0000%	1h	312.26	−0.133%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.43	−0.077%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	312.58	−0.030%	$1K	$869K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.79	+0.038%	$89.4M	$504.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	+0.073%	$26.1M	$121.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.50	−0.055%	$13.4M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.71	+0.012%	$104.1M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.60	−0.023%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.46	−0.068%	$35.2M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.10	−0.504%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	311.63	−0.334%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.45	−0.071%	$82K	$905K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.50	−0.055%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.14	−0.170%	$110K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.86	+0.058%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	312.81	+0.044%	$52K	$290K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0122%	4h	311.30	−0.438%	$529K	$942K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0138%	1h	312.44	−0.074%	$415K	—	100x	as long as short
Aster TAOUSDT	+0.0133%	4h	312.74	+0.021%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0200%	8h	312.68	+0.002%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	312.63	−0.014%	$356K	$419K	10x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	−0.251%	$166K	$333	10x	as long as short
Bullet TAO-USD	+0.0291%	1h	312.79	+0.037%	$12K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0305%	1h	312.67	−0.002%	$5.5M	$20.7M	50x	as long as short
Phemex TAOUSDT	+0.0325%	4h	312.92	+0.079%	$3.1M	$8.0M	50x	as long as short
Nado TAO-PERP	+0.0331%	1h	312.67	+0.001%	$778K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.16	+0.156%	$4.6M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0346%	4h	312.92	+0.079%	$67.7M	$151.1M	50x	as long as short
BingX TAO-USDT	+0.0348%	4h	312.77	+0.031%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0350%	4h	311.27	−0.449%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0352%	1h	312.71	+0.012%	$904K	$2.4M	25x	as long as short
Popdex TAOUSDT	+0.0360%	1h	312.73	+0.018%	$48K	$662K	20x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0437%	1h	312.67	long leg	$11K	$1.8M	25x
Phoenix TAO	+0.0457%	1h	312.80	+0.041%	$311K	$713K	5x	as long as short
Arcus TAO-USDshort	+0.0483%	1h	312.91	+0.076%	$101K	$370K	5x
Hyperliquid TAO	+0.0675%	1h	312.76	+0.028%	$91.5M	$108.3M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.57	−0.033%	$359	—	20x	as long as short
Lighter TAO	+0.0784%	1h	312.74	+0.021%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	313.17	+0.159%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0917%	1h	313.34	+0.213%	$311K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	313.22	+0.175%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	312.71	+0.011%	$445K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	315.73	+0.978%	$23K	$2K	12x	as long as short