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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 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Gate−0.466%7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$630.632% of the position
Long on GateShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 3 days (all we have)+0.924%+$92 · spread now −0.466%, 7d avg +0.093%
Together, before fees+0.976%+$98 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.559% cheaper against Gate than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT306.900.0100pay 0.0050% / 4h1h 08m$12.2M$49.2M50x
ShortApeX Omni TAOUSDT305.470.0100get 0.0013% / 1h8m 52s$46K$270K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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
$0
Price spread: −0.466% → +0.093%
−$55.9
Slippage, 4 orders
−$38.19
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$119.09
Costs to cover
0.632%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 8 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 Gate live order book, 5 min ago3.27 bp19.6 bp −$2043.3 bp −$43355.4 bp −$5,53994.6 bp −$47.3K
Sell ApeX Omni live order book, 8 min ago3.76 bp12.3 bp −$12116.0 bp −$1,160doesn't fitdoesn'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−0.0396%1h305.88−0.334%$163K$52K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.71−0.062%$20K—150xas long as short
dYdX TAO-USD+0.0013%1h305.76−0.371%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.80−0.033%$45K$540K20xas long as short
Binance TAOUSDT+0.0100%4h307.33+0.140%$86.1M$414.3M75xas long as short
Bybit TAOUSDT+0.0100%4h307.40+0.163%$59.6M$121.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.40+0.163%$24.7M$96.0M50xas long as short
Arcus TAO-USD+0.0100%1h306.88−0.007%$80K$643K5xas long as short
Gate TAO_USDTlong+0.0100%4h306.90long leg$12.2M$49.2M50x
MEXC TAO_USDT+0.0100%4h306.99+0.029%$114.6M$126.1M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h307.16+0.085%$18.3M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h307.46+0.182%$34.3M$45.7M50xas long as short
BingX TAO-USDT+0.0100%4h307.30+0.130%—$30.3M—as long as short
edgeX TAOUSDC+0.0100%4h306.62−0.092%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h306.14−0.248%$506K$967K10xas long as short
ApeX Omni TAOUSDTshort+0.0100%1h305.47−0.466%$46K$270K50x
Polymarket Perps TAO-USD+0.0100%1h306.84−0.020%$75K$555K5xas long as short
Bullet TAO-USD+0.0100%1h306.92+0.007%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.78−0.039%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.85−0.016%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.23+0.108%$122K$369K20xas long as short
Phemex TAOUSDT+0.0100%4h306.81−0.029%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h306.96+0.019%$169K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h306.77−0.042%$628$505K5xas long as short
Variational Omni TAO+0.0110%4h306.68−0.071%$3.7M$6.7M—as long as short
Aster TAOUSDT+0.0124%4h307.22+0.105%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0152%8h306.13−0.252%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.24−0.215%$362K$369K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.69−0.069%$438K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0295%1h306.91+0.002%$19K$1.4M25xas long as short
Nado TAO-PERP+0.0319%1h306.79−0.037%$828K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.89−0.003%$4.2M$9.5M100xas long as short
Lighter TAO+0.0360%1h307.14+0.078%$1.6M$5.4M5xas long as short
01 Exchange TAOUSD+0.0408%1h306.92+0.007%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0455%1h307.21+0.101%$295K$800K10xas long as short
Phoenix TAO+0.0521%1h306.30−0.196%$320K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h306.73−0.055%$353—20xas long as short
Extended TAO-USD+0.0704%1h307.09+0.063%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h306.51−0.127%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.99+0.030%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1135%1h307.90+0.326%$93.9M$80.8M5xas long as short
RISEx TAO/USDC+0.1155%1h306.85−0.016%$418K$533K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.596%$22K$26412xas long as short