Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0404%/8h= −44.2% APRpaid last 24h −0.069%
Price spread now: OKX against Extended−0.018%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.308% of the position
Long on ExtendedShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.156%−$16 on $10k
Price spread, last 7 days+0.001%$0 · spread now −0.018%, 7d avg +0.004%
Together, before fees−0.155%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and OKX is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.1% 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-USD318.560.0504pay 0.0063% / 1h14m 22s$906K$2.4M25x
ShortOKX TAO-USDT-SWAP318.500.0100get 0.0100% / 8h2h 14m$26.6M$125.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$84.84
Price spread: −0.018% → +0.004%
−$2.22
Slippage, 4 orders
−$15.75
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$117.81
Costs to cover
0.308%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; OKX: 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, 4 min ago3.61 bp6.4 bp −$68.3 bp −$83doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago1.57 bp10.4 bp −$1018.0 bp −$18077.8 bp −$7,782doesn'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−0.0038%1h313.74−1.512%$167K$33310xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.22−0.106%$21K—150xas long as short
dYdX TAO-USD+0.0034%1h318.18−0.120%$127K$85K5xas long as short
OKX TAO-USDT-SWAPshort+0.0100%8h318.50−0.018%$26.6M$125.3M50x
Gate TAO_USDT+0.0100%4h318.10−0.144%$14.2M$51.6M50xas long as short
MEXC TAO_USDT+0.0100%4h318.39−0.053%$100.5M$147.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.26−0.094%$17.5M$31.5M75xas long as short
Bitget TAOUSDT+0.0100%4h318.32−0.075%$35.9M$57.5M50xas long as short
edgeX TAOUSDC+0.0100%4h318.26−0.093%$42K$316K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.22−0.106%$91K$920K5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h318.13−0.134%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.84−0.225%$116K$565K20xas long as short
Phemex TAOUSDT+0.0100%4h318.23−0.103%$3.2M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h318.63+0.022%$175K$9983xas long as short
Binance TAOUSDT+0.0104%4h318.560.000%$91.4M$512.9M75xas long as short
Katana Perps TAO-USD+0.0110%8h318.51−0.015%$652$943K5xas long as short
Orderly PERP_TAO_USDC+0.0118%4h318.58+0.007%$53K$291K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0127% / S +0.0142%1h318.18−0.118%$426K—100xas long as short
Popdex TAOUSDT+0.0128%1h318.30−0.081%$53K$672K20xas long as short
Pacifica TAO+0.0233%1h318.65+0.029%$363K$420K10xas long as short
Aster TAOUSDT+0.0265%4h318.42−0.042%$1.3M$10.7M50xas long as short
Paradex TAO-USD-PERP+0.0276%8h318.62+0.019%$14K$1K10xas long as short
Nado TAO-PERP+0.0283%1h318.20−0.113%$800K$2.2M10xas long as short
Kraken Futures PF_TAOUSD+0.0299%1h318.94+0.120%$6.0M$21.6M50xas long as short
Bullet TAO-USD+0.0326%1h318.61+0.016%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h318.52−0.012%$4.6M$11.0M100xas long as short
Bybit TAOUSDT+0.0387%4h318.68+0.038%$69.7M$153.6M50xas long as short
BingX TAO-USDT+0.0400%4h318.49−0.021%—$33.8M—as long as short
GRVT TAO_USDT_Perp+0.0448%4h318.95+0.124%$545K$935K10xas long as short
Variational Omni TAO+0.0467%4h317.98−0.181%$5.6M$10.1M—as long as short
Arcus TAO-USD+0.0483%1h318.90+0.107%$103K$345K5xas long as short
ApeX Omni TAOUSDT+0.0487%1h318.17−0.122%$45K$256K50xas long as short
Extended TAO-USDlong+0.0504%1h318.56long leg$906K$2.4M25x
Phoenix TAO+0.0513%1h319.50+0.296%$318K$713K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0683%1h318.65+0.028%$15K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h318.39−0.052%$366—20xas long as short
01 Exchange TAOUSD+0.0800%1h318.86+0.095%$3K$4K5xas long as short
Hyperliquid TAO+0.0813%1h318.56+0.001%$93.5M$109.5M5xas long as short
Lighter TAO+0.0816%1h318.69+0.042%$1.5M$6.6M5xas long as short
Backpack TAO_USDC_PERP+0.0834%1h318.59+0.010%$316K$890K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h318.73+0.054%$1.5M$7.0M50xas long as short
RISEx TAO/USDC+0.0948%1h318.59+0.010%$460K$649K5xas long as short
Injective TAO/USDC PERP+0.3711%1h322.94+1.376%$23K$2K12xas long as short