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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.4776%/8h= +523.0% APRpaid last 24h +0.620%
Price spread now: Injective against edgeX−0.448%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+3.415%+$342 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Funding pays, the price is against you. Injective is 0.448% cheaper against edgeX than usual: you would sell low and buy high (spread −0.448% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 8 hours of funding at the current rate (+$143 a day). At the pace of the last 7 days (+3.415% in total) that is about 22 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TAOUSDC307.340.0100pay 0.0050% / 4h2h 28m$40K$278K10x
ShortInjective TAO/USDC PERP305.960.4876get 0.0610% / 1h28m 10s$22K$17112x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$1,003
Price spread: −0.448% → 0.000%
−$44.84
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$949.14
Costs to cover
0.090%
Break-even
0.4 days
Slippage unknown: edgeX: live order book, 59 min ago; Injective: no order-book sample. 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 edgeX live order book, 59 min ago6.41 bp10.9 bp −$1124.6 bp −$246doesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h305.80−0.501%$128K$84K5xas long as short
Deribit TAO_USDC-PERPETUAL0.0000%1h305.09−0.731%$15K$1.3M25xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h304.87−0.803%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h305.15−0.712%$41K$526K20xas long as short
Pacifica TAO+0.0100%1h305.95−0.452%$361K$401K10xas long as short
Binance TAOUSDT+0.0100%4h305.30−0.664%$85.4M$403.1M75xas long as short
Bybit TAOUSDT+0.0100%4h305.54−0.585%$59.0M$118.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.50−0.598%$25.0M$92.4M50xas long as short
Arcus TAO-USD+0.0100%1h306.08−0.409%$136K$595K5xas long as short
Bulk TAO-USD+0.0100%1h307.07−0.087%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h305.10−0.728%$12.2M$48.0M50xas long as short
MEXC TAO_USDT+0.0100%4h305.03−0.751%$112.8M$123.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h305.12−0.722%$18.4M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.17−0.705%$34.2M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.35−0.647%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h307.53+0.063%$3.6M$6.5M—as long as short
edgeX TAOUSDClong+0.0100%4h307.34long leg$40K$278K10x
GRVT TAO_USDT_Perp+0.0100%4h307.77+0.140%$539K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h307.19−0.048%$46K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h305.68−0.540%$86K$668K5xas long as short
Bullet TAO-USD+0.0100%1h305.00−0.761%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.07−0.738%$58K$276K10xas long as short
SunX TAO-USDT+0.0100%4h304.89−0.797%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h304.97−0.771%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h304.93−0.784%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.17−0.705%$168K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h305.28−0.670%$3K$434K5xas long as short
Aster TAOUSDT+0.0147%4h305.14−0.715%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0163%8h305.79−0.504%$14K$1K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h304.77−0.835%$435K—100xas long as short
Phoenix TAO+0.0234%1h308.30+0.313%$327K$462K5xas long as short
Nado TAO-PERP+0.0307%1h305.31−0.661%$834K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.14−0.390%$4.2M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h305.57−0.575%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h305.01−0.758%$351—20xas long as short
Extended TAO-USD+0.0696%1h305.09−0.730%$897K$2.0M25xas long as short
Lighter TAO+0.0928%1h305.62−0.559%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.30−0.338%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1032%1h305.33−0.654%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.60−0.564%$409K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1222%1h305.26−0.676%$441K$715K10xas long as short
Hyperliquid TAO+0.1705%1h305.90−0.468%$93.3M$76.0M5xas long as short
Injective TAO/USDC PERPshort+0.4876%1h305.96−0.448%$22K$17112x