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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 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against edgeX+0.918%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs+$50as in the Price arb table
costs, in and out, $10k−$410.409% of the position
Long on edgeXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.068%+$7 on $10k
Price spread, last 3 days (all we have)−1.300%−$130 · spread now +0.918%, 7d avg +0.006%
Together, before fees−1.233%+ Points / potential airdropedgeX: Active · farm board−$123 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.912% dearer against edgeX than usual: you sell high and buy low, +$91 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TAOUSDC303.930.0100pay 0.0050% / 4h1h 21m$39K$278K10x
ShortBybit TAOUSDT306.720.0100get 0.0050% / 4h1h 21m$59.3M$121.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.918% → +0.006%
$91.2
Slippage, 4 orders
−$20.92
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$50.28
Costs to cover
0.409%
Break-even
from the start
Slippage from edgeX: live order book, 61 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 61 min ago6.50 bp11.0 bp −$1126.7 bp −$267doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.16 bp9.7 bp −$1017.9 bp −$17939.5 bp −$3,949doesn'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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h306.34+0.793%$26K—150xas long as short
dYdX TAO-USD+0.0017%1h305.90+0.648%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.00+0.681%$44K$539K20xas long as short
Binance TAOUSDT+0.0100%4h306.47+0.837%$85.8M$414.3M75xas long as short
Bybit TAOUSDTshort+0.0100%4h306.72+0.918%$59.3M$121.4M50x
OKX TAO-USDT-SWAP+0.0100%8h306.50+0.845%$24.6M$95.8M50xas long as short
Arcus TAO-USD+0.0100%1h306.30+0.780%$79K$643K5xas long as short
Bulk TAO-USD+0.0100%1h303.38−0.182%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h306.30+0.780%$12.2M$49.0M50xas long as short
MEXC TAO_USDT+0.0100%4h306.15+0.730%$112.7M$125.5M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.16+0.734%$18.3M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h306.68+0.905%$34.2M$46.0M50xas long as short
BingX TAO-USDT+0.0100%4h306.43+0.822%—$30.4M—as long as short
edgeX TAOUSDClong+0.0100%4h303.93long leg$39K$278K10x
GRVT TAO_USDT_Perp+0.0100%4h304.26+0.108%$503K$967K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.18+0.740%$75K$567K5xas long as short
Bullet TAO-USD+0.0100%1h306.41+0.816%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.53+0.855%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.61+0.882%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.18+1.069%$122K$367K20xas long as short
Phemex TAOUSDT+0.0100%4h306.49+0.842%$3.3M$7.9M50xas long as short
ApeX Omni TAOUSDT+0.0103%1h303.74−0.063%$46K$269K50xas long as short
Variational Omni TAO+0.0104%4h303.54−0.129%$3.7M$6.7M—as long as short
Aevo TAO-PERP+0.0104%1h306.73+0.922%$168K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h306.15+0.730%$1K$506K5xas long as short
Aster TAOUSDT+0.0121%4h306.16+0.734%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0159%8h306.08+0.709%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.25+0.763%$362K$372K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.23+0.758%$437K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0226%1h306.56+0.866%$20K$1.4M25xas long as short
Nado TAO-PERP+0.0317%1h305.96+0.667%$826K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h305.87+0.638%$4.2M$9.5M100xas long as short
Lighter TAO+0.0408%1h306.38+0.807%$1.6M$5.3M5xas long as short
01 Exchange TAOUSD+0.0416%1h306.47+0.836%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0468%1h306.26+0.766%$295K$799K10xas long as short
Phoenix TAO+0.0521%1h303.80−0.043%$322K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h306.05+0.698%$352—20xas long as short
Extended TAO-USD+0.0808%1h306.71+0.914%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h306.29+0.776%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1030%1h306.71+0.914%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1075%1h306.50+0.847%$93.3M$80.6M5xas long as short
RISEx TAO/USDC+0.1155%1h306.34+0.791%$417K$544K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+1.579%$22K$26412xas long as short