Settings8H · net · $10k
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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 04:00 UTC+0.0245%/8h= +26.9% APRpaid last 24h +0.010%
Price spread now: Arcus against Gate+0.130%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$650.651% of the position
Long on GateShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.021%+$2 on $10k
Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.130%, 7d avg +0.108%
Together, before fees−0.050%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.108%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.021% in total (about 2.1% 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
LongGate TAO_USDT315.100.0100pay 0.0050% / 4h2m 55s$13.0M$50.2M50x
ShortArcus TAO-USD315.510.0345get 0.0043% / 1h2m 55s$99K$438K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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
$51.54
Price spread: +0.130% → +0.108%
$2.21
Slippage, 4 orders
−$45.62
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$11.37
Costs to cover
0.651%
Break-even
8.5 days
Slippage from Gate: live order book, 1 min ago; Arcus: live order book, 56 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, 1 min ago1.59 bp22.4 bp −$2246.8 bp −$46860.8 bp −$6,07695.7 bp −$47.9K
Sell Arcus live order book, 56 min ago9.98 bp12.5 bp −$1225.9 bp −$259doesn'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
dYdX TAO-USD0.0000%1h315.19+0.030%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.97−0.041%$20K—150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h315.08−0.006%$5.5M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h315.24+0.044%$43K$669K20xas long as short
Katana Perps TAO-USD+0.0098%8h315.05−0.016%$2K$800K5xas long as short
Binance TAOUSDT+0.0100%4h315.00−0.032%$91.0M$495.0M75xas long as short
Bybit TAOUSDT+0.0100%4h315.09−0.003%$67.9M$149.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.90−0.063%$26.0M$120.6M50xas long as short
Bulk TAO-USD+0.0100%1h314.80−0.095%$167K$2K10xas long as short
Gate TAO_USDTlong+0.0100%4h315.10long leg$13.0M$50.2M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h315.39+0.092%$100.8M$144.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h315.21+0.035%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.66−0.140%$35.1M$56.6M50xas long as short
BingX TAO-USDT+0.0100%4h314.99−0.035%—$32.8M—as long as short
edgeX TAOUSDC+0.0100%4h314.70−0.129%$42K$313K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.68−0.133%$533K$969K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.73−0.117%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.01−0.029%$77K$862K5xas long as short
Bullet TAO-USD+0.0100%1h315.21+0.036%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h315.05−0.016%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.90−0.063%$110K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h315.18+0.025%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.29+0.061%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0128%4h315.08−0.006%$52K$271K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0144% / S +0.0123%1h314.94−0.052%$428K—100xas long as short
Paradex TAO-USD-PERP+0.0151%8h315.26+0.050%$14K$1K10xas long as short
Aster TAOUSDT+0.0162%4h315.14+0.013%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0208%1h315.30+0.065%$923K$2.4M25xas long as short
Nado TAO-PERP+0.0211%1h315.32+0.069%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0288%1h315.45+0.111%$92.7M$106.6M5xas long as short
BloFin TAO-USDT+0.0340%4h315.15+0.016%$4.6M$10.9M100xas long as short
Arcus TAO-USDshort+0.0345%1h315.51+0.130%$99K$438K5x
01 Exchange TAOUSD+0.0352%1h315.47+0.117%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0354%1h315.12+0.008%$22K$1.7M25xas long as short
Pacifica TAO+0.0365%1h315.41+0.098%$360K$412K10xas long as short
Backpack TAO_USDC_PERP+0.0365%1h315.30+0.063%$313K$913K10xas long as short
Lighter TAO+0.0384%1h315.48+0.119%$1.5M$6.5M5xas long as short
Variational Omni TAO+0.0413%4h314.58−0.163%$5.7M$9.9M—as long as short
Phoenix TAO+0.0581%1h314.50−0.190%$313K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h315.17+0.023%$362—20xas long as short
RISEx TAO/USDC+0.0991%1h315.25+0.049%$438K$653K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.16+0.336%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h317.67+0.816%$23K$2K12xas long as short