TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Gate−0.334%96s7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.623% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+1.938%+$194 · spread now −0.334%, 7d avg +0.050%

Together, before fees+1.933%+ Points / potential airdropGRVT: Active · farm board+$193 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.383% cheaper against Gate than usual: you would sell low and buy high (spread −0.334% now, against its 7-day average of +0.050%). If the spread goes back, that is −$38 on $10k: about 15 days of funding at the current rate (+$3 a day). The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	316.00	0.0100	pay 0.0050% / 4h	2h 05m	$12.9M	$50.9M	50x
Short	GRVT TAO_USDT_Perp	314.95	0.0188	get 0.0094% / 4h	2h 05m	$519K	$957K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.334%Rate

Funding earned: $18.48
Price spread: −0.334% → +0.050%: −$38.32
Slippage, 4 orders: −$38.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$82.15
Costs to cover: 0.623%
Break-even: 38.1 days

Slippage from Gate: live order book, 3 min ago; GRVT: live order book, 62 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, 3 min ago	3.17 bp	19.2 bp −$19	33.6 bp −$336	54.8 bp −$5,479	90.2 bp −$45.1K
Sell GRVT live order book, 62 min ago	1.42 bp	11.6 bp −$12	25.2 bp −$252	doesn't fit	doesn't fit

TAO on 42 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
dYdX TAO-USD	0.0000%	1h	316.87	+0.276%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.10	+0.032%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.35	+0.111%	$43K	$644K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.93	+0.294%	$91.5M	$467.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	+0.285%	$26.3M	$114.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.28	−0.228%	$167K	$40K	10x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	316.00	long leg	$12.9M	$50.9M	50x
MEXC TAO_USDT	+0.0100%	4h	316.90	+0.285%	$114.1M	$140.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.05	+0.332%	$18.1M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.79	+0.250%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	315.52	−0.150%	$35K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.21	+0.066%	$83K	$696K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.41	+0.130%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.81	−0.060%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.21	+0.066%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.51	+0.161%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.81	+0.255%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	316.17	+0.054%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0140%	1h	315.42	−0.184%	$47K	$252K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0167% / S +0.0102%	1h	316.10	+0.031%	$430K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.41	+0.129%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perpshort	+0.0188%	4h	314.95	−0.334%	$519K	$957K	10x
Bullet TAO-USD	+0.0245%	1h	316.47	+0.149%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0272%	4h	316.16	+0.049%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.03	+0.327%	$369K	$396K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.21	+0.383%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0368%	8h	317.08	+0.342%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0374%	1h	316.49	+0.156%	$15K	$1.6M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.655%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0533%	1h	316.31	+0.099%	$756K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.80	−0.063%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	316.49	+0.155%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.22	+0.069%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0768%	4h	317.02	+0.323%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0773%	4h	317.22	+0.386%	$67.3M	$138.3M	50x	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	+0.171%	$6.1M	$9.5M	—	as long as short
Backpack TAO_USDC_PERP	+0.0926%	1h	316.46	+0.146%	$320K	$807K	10x	as long as short
Extended TAO-USD	+0.0928%	1h	316.16	+0.051%	$907K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.17	+0.370%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	316.47	+0.149%	$450K	$622K	5x	as long as short
Hyperliquid TAO	+0.1352%	1h	317.11	+0.351%	$99.7M	$97.0M	5x	as long as short
Lighter TAO	+0.1376%	1h	317.54	+0.486%	$1.6M	$6.1M	5x	as long as short