Settings8H · net · $10k
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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−0.0532%/8h= −58.3% APRpaid last 24h −0.015%
Price spread now: Bitget against Extended−0.009%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.317% of the position
Long on ExtendedShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 7 days+0.035%+$3 · spread now −0.009%, 7d avg +0.027%
Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.036% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD306.150.0632pay 0.0079% / 1h44m 05s$873K$1.9M25x
ShortBitget TAOUSDT306.120.0100get 0.0050% / 4h2h 44m$34.3M$44.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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
−$111.72
Price spread: −0.009% → +0.027%
−$3.65
Slippage, 4 orders
−$14.7
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$147.07
Costs to cover
0.317%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; Bitget: live order book, 5 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 Extended live order book, 5 min ago3.28 bp6.6 bp −$78.8 bp −$88doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago1.15 bp10.7 bp −$1121.2 bp −$212doesn'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
Bulk TAO-USD−0.0973%1h304.87−0.417%$200K$57K10xas long as short
dYdX TAO-USD0.0000%1h304.63−0.495%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.92−0.076%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h305.66−0.159%$39K$524K20xas long as short
Pacifica TAO+0.0100%1h304.97−0.385%$361K$401K10xas long as short
Binance TAOUSDT+0.0100%4h306.27+0.040%$85.8M$400.8M75xas long as short
Bybit TAOUSDT+0.0100%4h306.39+0.079%$58.8M$117.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.20+0.017%$24.9M$91.9M50xas long as short
Arcus TAO-USD+0.0100%1h305.99−0.051%$137K$592K5xas long as short
Gate TAO_USDT+0.0100%4h306.20+0.017%$12.1M$47.5M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h306.09−0.019%$112.3M$121.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h306.08−0.022%$18.3M$26.3M75xas long as short
Bitget TAOUSDTshort+0.0100%4h306.12−0.009%$34.3M$44.3M50x
BingX TAO-USDT+0.0100%4h306.34+0.063%—$30.5M—as long as short
Variational Omni TAO+0.0100%4h304.69−0.477%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h304.70−0.474%$39K$277K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h304.56−0.518%$544K$977K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.15−0.326%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h306.20+0.017%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.42+0.089%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.19+0.014%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.14−0.002%$121K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.96−0.061%$3.2M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h306.07−0.025%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h305.63−0.169%$873$416K5xas long as short
Polymarket Perps TAO-USD+0.0114%1h306.18+0.011%$84K$668K5xas long as short
Aster TAOUSDT+0.0115%4h306.20+0.017%$1.1M$7.4M50xas long as short
Paradex TAO-USD-PERP+0.0163%8h304.98−0.383%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.97−0.059%$436K—100xas long as short
Nado TAO-PERP+0.0178%1h306.06−0.028%$748K$1.8M10xas long as short
Phoenix TAO+0.0234%1h304.80−0.440%$323K$462K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0250%1h306.24+0.031%$13K$1.3M25xas long as short
BloFin TAO-USDT+0.0340%4h304.81−0.437%$4.2M$9.4M100xas long as short
01 Exchange TAOUSD+0.0448%1h305.94−0.068%$3K$4K5xas long as short
Extended TAO-USDlong+0.0632%1h306.15long leg$873K$1.9M25x
Reya TAORUSDPERP+0.0694%1h306.16+0.005%$352—20xas long as short
Lighter TAO+0.0728%1h306.54+0.127%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h307.05+0.295%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.33+0.058%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.91−0.076%$406K$532K5xas long as short
Backpack TAO_USDC_PERP+0.1154%1h306.79+0.210%$469K$683K10xas long as short
Hyperliquid TAO+0.1505%1h306.82+0.220%$93.0M$75.2M5xas long as short
Injective TAO/USDC PERP+0.4876%1h307.78+0.533%$22K$13612xas long as short