TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.48 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against edgeX−0.536%104s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.444% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−1.030%−$103 · spread now −0.536%, 7d avg −0.038%

Together, before fees−0.976%+ Points / potential airdropedgeX: Active · farm board−$98 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.498% cheaper against edgeX than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of −0.038%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	319.07	0.0195	pay 0.0098% / 4h	1m 50s	$42K	$320K	10x
Short	Bitget TAOUSDT	317.36	0.0100	get 0.0050% / 4h	1m 50s	$35.8M	$57.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.536%Rate

Funding earned: −$20.03
Price spread: −0.536% → −0.038%: −$49.81
Slippage, 4 orders: −$23.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.23
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from edgeX: live order book, 36 min ago; Bitget: live order book, 2 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 edgeX live order book, 36 min ago	6.32 bp	10.8 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.42 bp	11.6 bp −$12	21.3 bp −$213	34.8 bp −$3,482	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.80	−0.713%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0068%	1h	317.07	−0.626%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.95	−0.665%	$48K	$717K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.50	−0.492%	$26.4M	$131.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.90	−0.680%	$14.8M	$52.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.98	−0.655%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	317.36	−0.536%	$35.8M	$57.8M	50x
Polymarket Perps TAO-USD	+0.0100%	1h	316.75	−0.727%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.63	−0.765%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.26	−0.881%	$116K	$590K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0138%	1h	316.94	−0.668%	$408K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	316.56	−0.787%	$2K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.22	−0.578%	$174K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0138%	1h	318.99	−0.025%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0183%	4h	316.96	−0.661%	$52K	$295K	10x	as long as short
Binance TAOUSDT	+0.0184%	4h	317.28	−0.561%	$92.8M	$533.0M	75x	as long as short
MEXC TAO_USDT	+0.0188%	4h	317.13	−0.608%	$103.8M	$153.0M	300x	as long as short
edgeX TAOUSDClong	+0.0195%	4h	319.07	long leg	$42K	$320K	10x
Bulk TAO-USD	+0.0217%	1h	317.92	−0.359%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	317.41	−0.521%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	317.21	−0.583%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0284%	4h	317.58	−0.467%	$69.8M	$157.1M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	316.78	−0.718%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	317.33	−0.546%	$372K	$465K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0314%	4h	318.68	−0.124%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0341%	4h	317.30	−0.555%	$1.3M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	316.99	−0.652%	$901K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	317.56	−0.473%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0465%	4h	317.19	−0.589%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.35	−0.539%	$100K	$383K	5x	as long as short
Nado TAO-PERP	+0.0484%	1h	317.00	−0.650%	$773K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0527%	1h	317.07	−0.627%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0574%	4h	318.65	−0.131%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.30	+0.072%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0640%	1h	317.35	−0.538%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0677%	1h	317.74	−0.417%	$94.0M	$110.2M	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	317.06	−0.630%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.08	−0.623%	$365	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0724%	1h	317.17	−0.596%	$433K	$992K	10x	as long as short
RISEx TAO/USDC	+0.0831%	1h	316.86	−0.693%	$448K	$669K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.24	−0.574%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.43	−0.514%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.056%	$23K	$2K	12x	as long as short