Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.242%
Price spread now: Coinbase International against Gate+0.219%7-day average +0.223% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Long on GateShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.587%+$59 on $10k
Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.219%, 7d avg +0.223%
Together, before fees+0.501%+$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.223%, so right now this pair is about funding alone: +$27 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 0.587% in total (about 30.6% 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_USDT314.900.0100pay 0.0050% / 4h1m 11s$13.0M$50.2M50x
ShortCoinbase International TAO-PERP-INTX315.590.1008get 0.0126% / 1h1m 11s$1.5M$6.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$190.68
Price spread: +0.219% → +0.223%
−$0.36
Slippage, 4 orders
−$43.14
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$122.18
Costs to cover
0.681%
Break-even
2.5 days
Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago1.59 bp22.4 bp −$2246.8 bp −$46860.8 bp −$6,07695.7 bp −$47.9K
Sell Coinbase International live order book, 3 min ago8.39 bp13.4 bp −$1318.0 bp −$180doesn'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%1h314.94+0.013%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.81−0.027%$20K—150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h314.98+0.025%$5.5M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h315.17+0.086%$43K$667K20xas long as short
Katana Perps TAO-USD+0.0098%8h315.04+0.044%$2K$800K5xas long as short
Binance TAOUSDT+0.0100%4h315.15+0.079%$91.1M$495.1M75xas long as short
Bybit TAOUSDT+0.0100%4h315.28+0.121%$68.0M$149.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.20+0.095%$26.0M$120.7M50xas long as short
Bulk TAO-USD+0.0100%1h314.80−0.032%$167K$2K10xas long as short
Gate TAO_USDTlong+0.0100%4h314.90long leg$13.0M$50.2M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h315.20+0.095%$100.9M$144.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h314.86−0.013%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.83−0.022%$35.2M$56.5M50xas long as short
BingX TAO-USDT+0.0100%4h315.10+0.064%—$32.8M—as long as short
edgeX TAOUSDC+0.0100%4h315.22+0.100%$42K$313K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h315.30+0.128%$535K$969K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.19+0.092%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.900.000%$77K$862K5xas long as short
Bullet TAO-USD+0.0100%1h315.11+0.067%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h315.09+0.060%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.68−0.070%$110K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h315.06+0.051%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.10+0.064%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0128%4h314.94+0.013%$52K$271K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0144% / S +0.0123%1h314.78−0.038%$428K—100xas long as short
Paradex TAO-USD-PERP+0.0150%8h315.23+0.104%$14K$1K10xas long as short
Aster TAOUSDT+0.0158%4h315.09+0.060%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0208%1h314.98+0.026%$923K$2.4M25xas long as short
Nado TAO-PERP+0.0212%1h315.18+0.088%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0289%1h315.35+0.143%$92.7M$106.7M5xas long as short
BloFin TAO-USDT+0.0340%4h315.07+0.054%$4.6M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h315.51+0.194%$99K$438K5xas long as short
01 Exchange TAOUSD+0.0352%1h315.41+0.162%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0355%1h315.04+0.046%$22K$1.7M25xas long as short
Pacifica TAO+0.0365%1h315.28+0.122%$360K$412K10xas long as short
Backpack TAO_USDC_PERP+0.0366%1h315.23+0.105%$313K$913K10xas long as short
Lighter TAO+0.0384%1h315.38+0.153%$1.5M$6.5M5xas long as short
Variational Omni TAO+0.0396%4h315.16+0.083%$5.7M$9.9M—as long as short
Phoenix TAO+0.0581%1h314.50−0.127%$313K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h315.09+0.060%$362—20xas long as short
RISEx TAO/USDC+0.0991%1h315.29+0.124%$439K$653K5xas long as short
Coinbase International TAO-PERP-INTXshort+0.1008%1h315.59+0.219%$1.5M$6.7M50x
Injective TAO/USDC PERP+0.4222%1h317.67+0.880%$23K$2K12xas long as short