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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 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%
Price spread now: Aevo against GRVT+0.057%49s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as 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−$1301.304% of the position
Long on GRVTShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.057%, 7d avg +0.026%
Together, before fees+0.038%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.031% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT TAO_USDT_Perp306.140.0100pay 0.0050% / 4h1h 09m$506K$967K10x
ShortAevo TAO-PERP306.320.0104get 0.0013% / 1h9m 33s$168K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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
$0.84
Price spread: +0.057% → +0.026%
$3.12
Slippage, 4 orders
−$105.4
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$126.44
Costs to cover
1.304%
Break-even
1060.7 days
Slippage from GRVT: live order book, 8 min ago; Aevo: live order book, 9 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 GRVT live order book, 8 min ago1.31 bp8.5 bp −$919.7 bp −$197doesn't fitdoesn't fit
Sell Aevo live order book, 9 min ago38.86 bp56.1 bp −$56302.1 bp −$3,021doesn'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
Bulk TAO-USD−0.0396%1h305.88−0.086%$163K$52K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.99−0.049%$20K—150xas long as short
dYdX TAO-USD+0.0013%1h305.76−0.124%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.80+0.216%$45K$540K20xas long as short
Binance TAOUSDT+0.0100%4h306.69+0.180%$85.9M$414.3M75xas long as short
Bybit TAOUSDT+0.0100%4h306.90+0.249%$59.5M$121.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.80+0.216%$24.6M$95.8M50xas long as short
Arcus TAO-USD+0.0100%1h306.88+0.242%$80K$643K5xas long as short
Gate TAO_USDT+0.0100%4h306.40+0.085%$12.2M$49.2M50xas long as short
MEXC TAO_USDT+0.0100%4h306.23+0.030%$114.3M$126.0M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.140.000%$18.2M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h306.62+0.157%$34.2M$45.7M50xas long as short
BingX TAO-USDT+0.0100%4h306.21+0.023%—$30.3M—as long as short
edgeX TAOUSDC+0.0100%4h306.62+0.156%$40K$278K10xas long as short
GRVT TAO_USDT_Perplong+0.0100%4h306.14long leg$506K$967K10x
ApeX Omni TAOUSDT+0.0100%1h305.47−0.219%$46K$270K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.84+0.229%$75K$555K5xas long as short
Bullet TAO-USD+0.0100%1h306.23+0.029%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.15+0.004%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.98−0.052%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.24+0.033%$122K$368K20xas long as short
Phemex TAOUSDT+0.0100%4h305.89−0.081%$3.3M$7.9M50xas long as short
Aevo TAO-PERPshort+0.0104%1h306.32+0.057%$168K$9983x
Katana Perps TAO-USD+0.0110%8h306.77+0.206%$628$505K5xas long as short
Variational Omni TAO+0.0110%4h306.68+0.178%$3.7M$6.7M—as long as short
Aster TAOUSDT+0.0124%4h306.30+0.054%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0152%8h306.13−0.004%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.24+0.033%$362K$369K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.97−0.055%$437K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0240%1h306.18+0.014%$19K$1.4M25xas long as short
Nado TAO-PERP+0.0319%1h306.79+0.212%$828K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.67+0.173%$4.2M$9.5M100xas long as short
Lighter TAO+0.0360%1h306.33+0.061%$1.6M$5.4M5xas long as short
01 Exchange TAOUSD+0.0408%1h306.92+0.255%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0455%1h305.95−0.062%$294K$800K10xas long as short
Phoenix TAO+0.0521%1h306.30+0.053%$320K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h306.73+0.193%$353—20xas long as short
Extended TAO-USD+0.0712%1h306.61+0.155%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h306.88+0.242%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1032%1h306.19+0.016%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1124%1h306.59+0.147%$93.5M$80.7M5xas long as short
RISEx TAO/USDC+0.1155%1h306.85+0.233%$418K$533K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.846%$22K$26412xas long as short