TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0421%/8h= +46.1% APRnext payment +$2.11 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate+0.025%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.025%, 7d avg +0.028%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	320.40	0.0100	pay 0.0050% / 4h	3h 41m	$13.0M	$50.1M	50x
Short	Bybit TAOUSDT	320.48	0.0521	get 0.0261% / 4h	3h 41m	$66.2M	$130.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $88.46
Price spread: +0.025% → +0.028%: −$0.27
Slippage, 4 orders: −$31.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $30.81
Costs to cover: 0.574%
Break-even: 4.6 days

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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 Gate live order book, 2 min ago	1.55 bp	17.6 bp −$18	34.5 bp −$345	52.1 bp −$5,213	88.6 bp −$44.3K
Sell Bybit live order book, 2 min ago	0.16 bp	11.9 bp −$12	16.4 bp −$164	48.3 bp −$4,832	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
Phemex TAOUSDT	−0.1204%	4h	321.63	+0.384%	$3.5M	$7.9M	50x	as long as short
Bulk TAO-USD	−0.0882%	1h	320.07	−0.103%	$170K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.53	+0.041%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.55	+0.360%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.40	0.000%	$41K	$584K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.39	−0.002%	$92.7M	$442.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.20	−0.062%	$26.2M	$107.9M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	320.40	long leg	$13.0M	$50.1M	50x
MEXC TAO_USDT	+0.0100%	4h	320.44	+0.012%	$107.2M	$132.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.53	+0.041%	$18.7M	$28.5M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	320.33	−0.022%	$35.7M	$49.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	322.03	+0.509%	$37K	$287K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.32	−0.025%	$49K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	321.84	+0.449%	$58K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.70	+0.406%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.84	+0.449%	$128K	$423K	20x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	320.43	+0.009%	$656	$605K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	322.19	+0.559%	$177K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	321.56	+0.363%	$467K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	320.67	+0.084%	$380K	$373K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	320.79	+0.122%	$85K	$545K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0210%	4h	321.55	+0.360%	$533K	$958K	10x	as long as short
Bullet TAO-USD	+0.0218%	1h	321.86	+0.455%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	320.43	+0.010%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0254%	4h	321.28	+0.274%	$1.1M	$8.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0286%	1h	321.83	+0.447%	$23K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	322.28	+0.587%	$4.5M	$10.9M	100x	as long as short
Variational Omni TAO	+0.0341%	4h	319.24	−0.362%	$5.5M	$8.6M	—	as long as short
Polymarket Perps TAO-USD	+0.0403%	1h	321.80	+0.437%	$95K	$637K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0476%	1h	321.75	+0.421%	$5.8M	$20.3M	50x	as long as short
Bybit TAOUSDTshort	+0.0521%	4h	320.48	+0.025%	$66.2M	$130.9M	50x
Phoenix TAO	+0.0525%	1h	319.70	−0.218%	$335K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.76	+0.112%	$23K	$651	12x	as long as short
BingX TAO-USDT	+0.0680%	4h	320.45	+0.016%	—	$30.8M	—	as long as short
Reya TAORUSDPERP	+0.0695%	1h	321.63	+0.385%	$370	—	20x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	320.45	+0.016%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0770%	1h	320.23	−0.051%	$890K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0966%	1h	321.93	+0.478%	$324K	$820K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	322.30	+0.593%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	320.46	+0.017%	$943K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	320.41	+0.004%	$424K	$595K	5x	as long as short
Lighter TAO	+0.1552%	1h	321.06	+0.207%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2743%	1h	322.01	+0.502%	$104.7M	$90.0M	5x	as long as short