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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 01:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.080%
Price spread now: 01 Exchange against edgeX−1.098%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
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. 01 Exchange is 1.098% cheaper against edgeX than usual: you would sell low and buy high (spread −1.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$110 on $10k: about 6.3 days of funding at the current rate (+$17 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TAOUSDC320.590.0100pay 0.0050% / 4h3h 37m$40K$292K10x
Short01 Exchange TAOUSD317.070.0680get 0.0085% / 1h37m 37s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$121.8
Price spread: −1.098% → 0.000%
−$109.84
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$4.04
Costs to cover
0.160%
Break-even
7.2 days
Slippage unknown: edgeX: live order book, 35 min ago; 01 Exchange: 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, 35 min ago7.98 bp12.6 bp −$1329.0 bp −$290doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample—————
01 Exchange: 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
Bulk TAO-USD−0.1322%1h319.84−0.234%$170K$44K10xas long as short
Phemex TAOUSDT−0.0733%4h316.88−1.158%$3.4M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h317.69−0.904%$127K$88K5xas long as short
Deribit TAO_USDC-PERPETUAL0.0000%1h316.82−1.178%$20K$1.5M25xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.79−1.186%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h317.15−1.073%$41K$584K20xas long as short
Binance TAOUSDT+0.0100%4h318.54−0.641%$92.1M$444.9M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.80−0.559%$26.0M$108.0M50xas long as short
Gate TAO_USDT+0.0100%4h318.30−0.715%$12.9M$50.3M50xas long as short
MEXC TAO_USDT+0.0100%4h318.37−0.693%$106.5M$133.7M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h317.88−0.846%$18.2M$29.0M75xas long as short
Bitget TAOUSDT+0.0100%4h319.00−0.496%$35.6M$49.9M50xas long as short
edgeX TAOUSDClong+0.0100%4h320.59long leg$40K$292K10x
Orderly PERP_TAO_USDC+0.0100%4h316.74−1.201%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.71−1.211%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.64−0.921%$127K$424K20xas long as short
Aevo TAO-PERP+0.0104%1h317.09−1.094%$174K$9983xas long as short
Katana Perps TAO-USD+0.0125%8h319.45−0.356%$2K$614K5xas long as short
ApeX Omni TAOUSDT+0.0149%1h320.42−0.053%$48K$269K50xas long as short
Bullet TAO-USD+0.0163%1h317.17−1.067%$12K$18K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0089%1h316.80−1.183%$460K—100xas long as short
Pacifica TAO+0.0185%1h318.30−0.714%$377K$374K10xas long as short
Arcus TAO-USD+0.0201%1h319.68−0.284%$85K$545K5xas long as short
Aster TAOUSDT+0.0209%4h317.28−1.032%$1.1M$8.2M50xas long as short
GRVT TAO_USDT_Perp+0.0210%4h321.55+0.300%$533K$958K10xas long as short
Paradex TAO-USD-PERP+0.0233%8h318.61−0.618%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0288%1h317.40−0.996%$94K$637K5xas long as short
BloFin TAO-USDT+0.0340%4h317.00−1.120%$4.5M$10.8M100xas long as short
Bybit TAOUSDT+0.0364%4h318.75−0.574%$65.5M$131.8M50xas long as short
Variational Omni TAO+0.0378%4h321.33+0.229%$5.6M$8.6M—as long as short
BingX TAO-USDT+0.0478%4h318.66−0.602%—$30.5M—as long as short
Kraken Futures PF_TAOUSD+0.0484%1h316.90−1.150%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h322.20+0.502%$337K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h319.59−0.312%$23K$65312xas long as short
01 Exchange TAOUSDshort+0.0680%1h317.07−1.098%$3K$4K5x
Reya TAORUSDPERP+0.0695%1h317.34−1.016%$365—20xas long as short
Nado TAO-PERP+0.0811%1h317.53−0.956%$885K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0862%1h317.24−1.045%$321K$819K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.03−1.111%$1.5M$6.1M50xas long as short
Extended TAO-USD+0.1088%1h318.81−0.556%$929K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.54−0.328%$423K$595K5xas long as short
Lighter TAO+0.1536%1h318.47−0.662%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2467%1h318.46−0.665%$102.9M$90.5M5xas long as short