TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.09 per $10,000 · paid last 24h −0.061%

Price spread now: Deribit against Extended+0.116%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.116%, 7d avg +0.067%

Together, before fees−0.269%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.050% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.277%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	313.30	0.0192	pay 0.0024% / 1h	55m 40s	$918K	$2.4M	25x
Short	Deribit TAO_USDC-PERPETUAL	313.67	0.0263	get 0.0033% / 1h	55m 40s	$22K	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.116%Rate

Funding earned: $14.91
Price spread: +0.116% → +0.067%: $4.95
Slippage, 4 orders: −$22.25
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$14.39
Costs to cover: 0.343%
Break-even: 13.8 days

Slippage from Extended: live order book, 3 min ago; Deribit: live order book, 3 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, 3 min ago	3.49 bp	6.2 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	5.88 bp	10.3 bp −$10	291.8 bp −$2,918	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
Gate TAO_USDT	−0.0544%	4h	313.20	−0.033%	$13.0M	$49.2M	50x	as long as short
Kraken Futures PF_TAOUSD	−0.0346%	1h	313.43	+0.041%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	−0.0128%	1h	313.18	−0.039%	$43K	$653K	20x	as long as short
dYdX TAO-USD	0.0000%	1h	314.25	+0.301%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.33	+0.010%	$20K	—	150x	as long as short
Polymarket Perps TAO-USD	+0.0074%	1h	312.96	−0.110%	$77K	$863K	5x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	313.04	−0.084%	$641	$804K	5x	as long as short
Hyperliquid TAO	+0.0100%	1h	313.93	+0.200%	$92.1M	$106.9M	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.12	+0.260%	$358K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.41	+0.353%	$90.8M	$495.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit TAOUSDT	+0.0100%	4h	314.72	+0.452%	$67.8M	$149.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	+0.414%	$25.9M	$120.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.80	+0.478%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.58	+0.407%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.28	−0.008%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.41	+0.034%	$35.0M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.54	+0.075%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.93	+0.519%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.82	+0.483%	$534K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.03	+0.551%	$46K	$255K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.49	+0.059%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.05	−0.081%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.90	−0.129%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.57	+0.085%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	313.61	+0.098%	$52K	$271K	10x	as long as short
Aster TAOUSDT	+0.0131%	4h	313.26	−0.014%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	313.31	+0.001%	$425K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	313.92	+0.197%	$14K	$1K	10x	as long as short
Extended TAO-USDlong	+0.0192%	1h	313.30	long leg	$918K	$2.4M	25x
Arcus TAO-USD	+0.0231%	1h	313.49	+0.059%	$101K	$440K	5x	as long as short
Nado TAO-PERP	+0.0263%	1h	313.16	−0.047%	$795K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0263%	1h	313.67	+0.116%	$22K	$1.7M	25x
Backpack TAO_USDC_PERP	+0.0294%	1h	313.48	+0.056%	$311K	$914K	10x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	313.30	−0.001%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.29	−0.004%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	+0.127%	$5.6M	$9.9M	—	as long as short
Lighter TAO	+0.0424%	1h	314.63	+0.422%	$1.5M	$6.4M	5x	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.701%	$314K	$695K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.16	−0.047%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.17	−0.042%	$433K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.04	+0.235%	$1.5M	$6.6M	50x	as long as short
Phemex TAOUSDT	+0.1467%	4h	313.46	+0.050%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.394%	$23K	$2K	12x	as long as short