Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0522%/8h= +57.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.023%
Price spread now: Extended against Deribit+0.268%7-day average −0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on DeribitShort on Extended
What this pair did over the last
the charts below follow
Funding, last 7 days+0.263%+$26 on $10k
Price spread, last 3 days (all we have)−0.393%−$39 · spread now +0.268%, 7d avg −0.064%
Together, before fees−0.130%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Extended is 0.333% dearer against Deribit than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.064%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.263% in total (about 13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit TAO_USDC-PERPETUAL305.880.0174pay 0.0022% / 1h25m 44s$15K$1.3M25x
ShortExtended TAO-USD306.700.0696get 0.0087% / 1h25m 44s$902K$2.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$109.62
Price spread: +0.268% → −0.064%
$33.26
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$130.88
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Deribit: live order book, 3 min ago; Extended: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 3 min ago3.76 bp20.3 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 3 min ago1.30 bp6.7 bp −$78.9 bp −$89doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h307.19+0.428%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h305.60−0.091%$22K—150xas long as short
Popdex TAOUSDT+0.0096%1h305.13−0.244%$42K$526K20xas long as short
Pacifica TAO+0.0100%1h305.58−0.098%$361K$401K10xas long as short
Binance TAOUSDT+0.0100%4h307.40+0.498%$85.9M$403.5M75xas long as short
Bybit TAOUSDT+0.0100%4h307.56+0.550%$59.4M$118.3M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.60+0.563%$25.3M$93.2M50xas long as short
Arcus TAO-USD+0.0100%1h305.69−0.061%$137K$596K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.390%$201K$57K10xas long as short
Gate TAO_USDT+0.0100%4h306.80+0.302%$12.2M$48.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h306.62+0.243%$114.0M$123.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h306.65+0.253%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h307.28+0.459%$34.4M$44.5M50xas long as short
BingX TAO-USDT+0.0100%4h307.09+0.396%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h307.53+0.541%$3.6M$6.5M—as long as short
edgeX TAOUSDC+0.0100%4h307.34+0.478%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h307.77+0.618%$539K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h307.19+0.429%$46K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h305.63−0.081%$86K$667K5xas long as short
Bullet TAO-USD+0.0100%1h305.77−0.035%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.81−0.022%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.75−0.042%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h305.72−0.051%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.94+0.020%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.77−0.036%$168K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h305.35−0.172%$873$434K5xas long as short
Aster TAOUSDT+0.0149%4h306.63+0.246%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0162%8h305.66−0.071%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUALlong+0.0174%1h305.88long leg$15K$1.3M25x
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.60−0.089%$436K—100xas long as short
Phoenix TAO+0.0234%1h305.60−0.091%$324K$462K5xas long as short
Nado TAO-PERP+0.0307%1h305.26−0.202%$833K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h305.11−0.251%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0512%1h305.41−0.153%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h305.51−0.120%$351—20xas long as short
Extended TAO-USDshort+0.0696%1h306.70+0.268%$902K$2.0M25x
Lighter TAO+0.0912%1h307.77+0.620%$1.7M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.79+0.298%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.29+0.134%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.35−0.173%$408K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1171%1h306.68+0.262%$443K$715K10xas long as short
Hyperliquid TAO+0.1726%1h307.99+0.691%$94.1M$76.2M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96+0.027%$22K$17112xas long as short