TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.188%

Price spread now: Coinbase International against Extended−0.213%7-day average +0.223% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.439%+$44 on $10k

Price spread, last 3 days (all we have)+0.404%+$40 · spread now −0.213%, 7d avg +0.223%

Together, before fees+0.843%+ Points / potential airdropExtended: Active · farm board+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.436% cheaper against Extended than usual: you would sell low and buy high (spread −0.213% now, against its 7-day average of +0.223%). If the spread goes back, that is −$44 on $10k: about 5.5 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	306.61	0.0696	pay 0.0087% / 1h	29m 28s	$901K	$2.0M	25x
Short	Coinbase International TAO-PERP-INTX	305.96	0.0960	get 0.0120% / 1h	29m 28s	$1.5M	$5.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.213%Rate

Funding earned: $55.44
Price spread: −0.213% → +0.223%: −$43.62
Slippage, 4 orders: −$26.03
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.21
Costs to cover: 0.410%
Break-even: 10.7 days

Slippage from Extended: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	1.46 bp	6.9 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	7.79 bp	14.7 bp −$15	19.3 bp −$193	doesn't fit	doesn't fit

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	305.82	−0.259%	$128K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	305.39	−0.397%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.17	−0.471%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.70	+0.028%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	306.05	−0.184%	$362K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.65	+0.013%	$85.8M	$402.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.78	+0.055%	$59.3M	$118.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.30	−0.102%	$25.0M	$92.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.86	+0.081%	$136K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.149%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	306.30	−0.102%	$12.2M	$48.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.55	−0.020%	$113.2M	$123.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	306.40	−0.069%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.33	−0.092%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.38	−0.076%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.300%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.237%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.377%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.188%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.25	−0.444%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.25	−0.444%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.96	−0.539%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.47	−0.699%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.56	−0.343%	$3.2M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0104%	1h	306.82	+0.068%	$86K	$669K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.46	−0.374%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	306.47	−0.047%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	305.81	−0.261%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	305.90	−0.231%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.99	−0.528%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.550%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0298%	1h	306.58	−0.009%	$840K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	+0.218%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	306.97	+0.117%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	306.32	−0.096%	$352	—	20x	as long as short
Extended TAO-USDlong	+0.0696%	1h	306.61	long leg	$901K	$2.0M	25x
Lighter TAO	+0.0944%	1h	306.38	−0.076%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0960%	1h	305.96	−0.213%	$1.5M	$5.3M	50x
Kraken Futures PF_TAOUSD	+0.1031%	1h	305.85	−0.249%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	306.86	+0.079%	$410K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1302%	1h	305.78	−0.272%	$437K	$703K	10x	as long as short
Hyperliquid TAO	+0.1705%	1h	306.98	+0.120%	$93.8M	$75.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.655%	$22K	$138	12x	as long as short