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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 23:00 UTC−0.0406%/8h= −44.5% APRpaid last 24h −0.252%
Price spread now: Bulk against Gate+0.398%7-day average −0.032% · 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+$2as in the Price arb table
costs, in and out, $10k−$410.414% of the position
Long on GateShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.288%−$29 on $10k
Price spread, last 4 days (all we have)−0.710%−$71 · spread now +0.398%, 7d avg −0.032%
Together, before fees−0.998%−$100 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.430% dearer against Gate than usual: you sell high and buy low (spread +0.398% now, against its 7-day average of −0.032%): +$43 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT306.600.0100pay 0.0050% / 4h1h 54m$12.2M$48.0M50x
ShortBulk TAO-USD307.82−0.0306pay 0.0038% / 1h54m 14s$202K$57K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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
−$85.33
Price spread: +0.398% → −0.032%
$42.98
Slippage, 4 orders
−$19.39
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$83.73
Costs to cover
0.414%
Break-even
from the start
Slippage from Gate: live order book, 5 min ago; Bulk: live order book, 30 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 ago1.62 bp14.6 bp −$1530.7 bp −$30748.5 bp −$4,85085.1 bp −$42.6K
Sell Bulk live order book, 30 min ago0.16 bp4.3 bp −$48.4 bp −$8425.6 bp −$2,561doesn'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-USDshort−0.0306%1h307.82+0.398%$202K$57K10x
dYdX TAO-USD0.0000%1h306.65+0.016%$126K$87K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h306.48−0.039%$26K—150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0077%1h306.63+0.010%$15K$1.3M25xas long as short
Popdex TAOUSDT+0.0096%1h306.37−0.075%$42K$532K20xas long as short
Binance TAOUSDT+0.0100%4h306.37−0.076%$86.1M$407.8M75xas long as short
Bybit TAOUSDT+0.0100%4h306.52−0.026%$59.6M$120.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.40−0.065%$24.7M$94.7M50xas long as short
Arcus TAO-USD+0.0100%1h306.96+0.117%$137K$584K5xas long as short
Gate TAO_USDTlong+0.0100%4h306.60long leg$12.2M$48.0M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h306.45−0.049%$120.8M$123.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h306.59−0.003%$18.9M$26.8M75xas long as short
Bitget TAOUSDT+0.0100%4h306.43−0.055%$34.4M$45.6M50xas long as short
BingX TAO-USDT+0.0100%4h306.64+0.013%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h308.27+0.544%$3.7M$6.6M—as long as short
edgeX TAOUSDC+0.0100%4h307.32+0.236%$40K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h308.04+0.469%$548K$937K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.64+0.013%$78K$630K5xas long as short
Bullet TAO-USD+0.0100%1h306.58−0.007%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.54−0.020%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.38−0.072%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.62+0.007%$121K$354K20xas long as short
Phemex TAOUSDT+0.0100%4h306.39−0.068%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h306.72+0.038%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h306.61+0.003%$627$480K5xas long as short
Aster TAOUSDT+0.0144%4h306.52−0.025%$1.1M$7.6M50xas long as short
Paradex TAO-USD-PERP+0.0160%8h306.57−0.009%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.72+0.040%$363K$369K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.39−0.069%$437K—100xas long as short
Phoenix TAO+0.0234%1h308.50+0.620%$327K$491K5xas long as short
BloFin TAO-USDT+0.0340%4h306.92+0.104%$4.3M$9.4M100xas long as short
Backpack TAO_USDC_PERP+0.0413%1h306.65+0.016%$379K$755K10xas long as short
ApeX Omni TAOUSDT+0.0428%1h308.15+0.506%$46K$268K50xas long as short
01 Exchange TAOUSD+0.0512%1h306.59−0.003%$3K$4K5xas long as short
Nado TAO-PERP+0.0560%1h306.28−0.105%$844K$1.9M10xas long as short
Reya TAORUSDPERP+0.0694%1h306.55−0.015%$353—20xas long as short
Lighter TAO+0.0720%1h306.79+0.062%$1.7M$4.9M5xas long as short
Extended TAO-USD+0.0840%1h306.46−0.047%$894K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h307.40+0.261%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1030%1h306.67+0.024%$6.3M$19.0M50xas long as short
RISEx TAO/USDC+0.1155%1h306.73+0.041%$413K$545K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.695%$22K$26412xas long as short
Hyperliquid TAO+0.1763%1h306.79+0.062%$95.3M$77.9M5xas long as short