TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.056%

Price spread now: Pacifica against Extended+0.096%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Extended Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.096%, 7d avg +0.052%

Together, before fees−0.037%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Pacifica is 0.043% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.052%. Mind the row above: over the last 7 days funding on this pair cost −0.078%, 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	314.98	0.0208	pay 0.0026% / 1h	1m 17s	$923K	$2.4M	25x
Short	Pacifica TAO	315.28	0.0365	get 0.0046% / 1h	1m 17s	$360K	$412K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.096%Rate

Funding earned: $32.89
Price spread: +0.096% → +0.052%: $4.35
Slippage, 4 orders: −$19.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $4.48
Costs to cover: 0.328%
Break-even: 6.0 days

Slippage from Extended: live order book, 2 min ago; Pacifica: live order book, 57 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, 2 min ago	3.49 bp	6.0 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell Pacifica live order book, 57 min ago	3.49 bp	11.6 bp −$12	doesn't fit	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	314.94	−0.014%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.81	−0.053%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	−0.001%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.17	+0.059%	$43K	$667K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.04	+0.018%	$2K	$800K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.20	+0.069%	$91.1M	$495.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.09	+0.034%	$67.9M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.026%	$26.0M	$120.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.80	−0.058%	$167K	$2K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.058%	$12.9M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.12	+0.044%	$100.9M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.01	+0.009%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.67	−0.099%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.00	+0.005%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.22	+0.074%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.30	+0.101%	$535K	$969K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.19	+0.066%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.90	−0.026%	$77K	$862K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.11	+0.041%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.09	+0.034%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.68	−0.096%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.06	+0.025%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.10	+0.037%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0128%	4h	314.94	−0.014%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0144% / S +0.0123%	1h	314.78	−0.064%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0150%	8h	315.23	+0.078%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0158%	4h	315.09	+0.034%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USDlong	+0.0208%	1h	314.98	long leg	$923K	$2.4M	25x
Nado TAO-PERP	+0.0212%	1h	315.18	+0.062%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0289%	1h	315.31	+0.103%	$92.7M	$106.7M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.07	+0.028%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.51	+0.167%	$99K	$438K	5x	as long as short
01 Exchange TAOUSD	+0.0352%	1h	315.41	+0.136%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0355%	1h	315.04	+0.020%	$22K	$1.7M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0364%	1h	315.26	+0.088%	$313K	$913K	10x	as long as short
Pacifica TAOshort	+0.0365%	1h	315.28	+0.096%	$360K	$412K	10x
Lighter TAO	+0.0384%	1h	315.38	+0.127%	$1.5M	$6.5M	5x	as long as short
Variational Omni TAO	+0.0413%	4h	314.58	−0.126%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	314.50	−0.153%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.09	+0.034%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.29	+0.097%	$439K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.59	+0.193%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	317.67	+0.853%	$23K	$2K	12x	as long as short