TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.264%

Price spread now: Bulk against Extended−1.107%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Extended Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 4 days (all we have)+1.070%+$107 · spread now −1.107%, 7d avg −0.012%

Together, before fees+0.763%+ Points / potential airdropExtended: Active · farm board+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 1.095% cheaper against Extended than usual: you would sell low and buy high (−$109 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	308.22	0.0696	pay 0.0087% / 1h	32m 24s	$881K	$1.9M	25x
Short	Bulk TAO-USD	304.81	0.0668	get 0.0084% / 1h	32m 24s	$200K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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

Position, each leg$Hold fordaysFee ExtendedbpFee BulkbpOrdersPrice spread, now −1.107%Rate

Funding earned: −$5.85
Price spread: −1.107% → −0.012%: −$109.5
Slippage, 4 orders: −$13.2
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$140.55
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Bulk: live order book, 56 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 Extended live order book, 1 min ago	1.46 bp	6.9 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell Bulk live order book, 56 min ago	2.39 bp	7.3 bp −$7	8.9 bp −$89	19.2 bp −$1,921	37.4 bp −$18.7K

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
dYdX TAO-USD	0.0000%	1h	308.02	−0.066%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.67	−0.180%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.80	−0.137%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.28	+0.019%	$364K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.83	−0.127%	$86.3M	$401.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.90	−0.104%	$59.3M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.80	−0.137%	$25.1M	$92.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.16	−0.020%	$137K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.70	−0.169%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.71	−0.166%	$113.6M	$122.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.75	−0.153%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.62	−0.195%	$34.5M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.78	−0.143%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.796%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	−0.595%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	−0.298%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.838%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.84	−0.124%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.70	−0.169%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.97	−0.406%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.10	−0.364%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.55	−0.218%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.77	−0.147%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.74	−0.156%	$2K	$428K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	307.97	−0.082%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0157%	4h	307.98	−0.079%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0166%	8h	308.24	+0.007%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.66	−0.181%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0212%	1h	307.76	−0.150%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.656%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0264%	1h	307.84	−0.122%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.18	−0.338%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	308.13	−0.030%	$3K	$4K	5x	as long as short
Bulk TAO-USDshort	+0.0668%	1h	304.81	−1.107%	$200K	$57K	10x
Reya TAORUSDPERP	+0.0694%	1h	307.76	−0.149%	$354	—	20x	as long as short
Extended TAO-USDlong	+0.0696%	1h	308.22	long leg	$881K	$1.9M	25x
Lighter TAO	+0.0896%	1h	308.57	+0.114%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+0.074%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.92	−0.098%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.99	−0.077%	$412K	$534K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1300%	1h	308.10	−0.040%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1683%	1h	308.43	+0.067%	$94.1M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.129%	$22K	$138	12x	as long as short