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−0.0596%/8h= −65.3% APRpaid last 24h −0.012%
Price spread now: Bybit against Extended−0.018%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Long on ExtendedShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 days+0.012%+$1 · spread now −0.018%, 7d avg +0.045%
Together, before fees−0.041%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.063% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% 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-USD307.290.0696pay 0.0087% / 1h34m 04s$877K$1.9M25x
ShortBybit TAOUSDT307.230.0100get 0.0050% / 4h2h 34m$59.1M$117.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$125.16
Price spread: −0.018% → +0.045%
−$6.34
Slippage, 4 orders
−$19.15
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$166.65
Costs to cover
0.351%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; Bybit: 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 ago1.80 bp7.0 bp −$710.4 bp −$104doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.16 bp12.4 bp −$1222.6 bp −$22654.0 bp −$5,399doesn'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
dYdX TAO-USD0.0000%1h307.25−0.012%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h307.46+0.055%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h307.51+0.073%$41K$526K20xas long as short
Pacifica TAO+0.0100%1h307.48+0.064%$363K$400K10xas long as short
Binance TAOUSDT+0.0100%4h307.14−0.048%$86.1M$401.2M75xas long as short
Bybit TAOUSDTshort+0.0100%4h307.23−0.018%$59.1M$117.4M50x
OKX TAO-USDT-SWAP+0.0100%8h307.10−0.061%$25.0M$92.6M50xas long as short
Arcus TAO-USD+0.0100%1h307.62+0.109%$137K$594K5xas long as short
Gate TAO_USDT+0.0100%4h307.20−0.028%$12.1M$47.8M50xas long as short
MEXC TAO_USDT+0.0100%4h307.25−0.012%$113.1M$122.7M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h307.30+0.004%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h307.00−0.093%$34.4M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h307.30+0.004%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h305.77−0.494%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.09−0.716%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.96−0.433%$536K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.64−0.536%$46K$268K50xas long as short
Bullet TAO-USD+0.0100%1h307.61+0.106%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h307.46+0.057%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h307.15−0.044%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.36+0.024%$121K$351K20xas long as short
Phemex TAOUSDT+0.0100%4h307.16−0.041%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h307.44+0.050%$169K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h307.63+0.112%$879$428K5xas long as short
Polymarket Perps TAO-USD+0.0127%1h307.61+0.105%$86K$669K5xas long as short
Aster TAOUSDT+0.0140%4h307.22−0.023%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0167%8h307.51+0.073%$14K$1K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h307.46+0.056%$439K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0189%1h307.41+0.041%$14K$1.3M25xas long as short
Phoenix TAO+0.0234%1h306.20−0.353%$324K$462K5xas long as short
Nado TAO-PERP+0.0251%1h307.53+0.080%$852K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.55−0.240%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h308.12+0.271%$3K$4K5xas long as short
Bulk TAO-USD+0.0668%1h304.81−0.806%$200K$57K10xas long as short
Reya TAORUSDPERP+0.0694%1h307.52+0.077%$354—20xas long as short
Extended TAO-USDlong+0.0696%1h307.29long leg$877K$1.9M25x
Lighter TAO+0.0888%1h307.80+0.166%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h307.40+0.037%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1025%1h307.54+0.083%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h307.73+0.143%$412K$537K5xas long as short
Backpack TAO_USDC_PERP+0.1295%1h307.71+0.138%$471K$683K10xas long as short
Hyperliquid TAO+0.1674%1h307.93+0.210%$93.8M$75.6M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.62+0.434%$22K$13812xas long as short