TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0264%/8h= +28.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.066%

Price spread now: BloFin against GRVT−0.245%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on GRVT Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.426%+$43 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.245%, 7d avg +0.040%

Together, before fees+0.751%+ Points / potential airdropGRVT: Active · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.285% cheaper against GRVT than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of +0.040%). If the spread goes back, that is −$28 on $10k: about 3.6 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	316.42	0.0140	pay 0.0070% / 4h	3h 50m	$542K	$887K	10x
Short	BloFin TAO-USDT	315.64	0.0404	get 0.0202% / 4h	3h 50m	$4.8M	$10.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee GRVTbpFee BloFinbpOrdersPrice spread, now −0.245%Rate

Funding earned: $55.45
Price spread: −0.245% → +0.040%: −$28.5
Slippage, 4 orders: −$12.44
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.49
Costs to cover: 0.334%
Break-even: 7.8 days

Slippage from GRVT: live order book, 48 min ago; BloFin: live order book, 4 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 GRVT live order book, 48 min ago	2.68 bp	8.8 bp −$9	20.4 bp −$204	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.32 bp	8.0 bp −$8	14.2 bp −$142	33.9 bp −$3,392	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.03	−0.122%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0095%	1h	315.36	−0.334%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.31	−0.350%	$49K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.22	−0.378%	$2K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	−0.321%	$26.3M	$130.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.213%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.416%	$14.8M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.09	−0.419%	$17.7M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.89	−0.482%	$35.5M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.00	−0.448%	$86K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	316.05	−0.116%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.07	−0.426%	$116K	$589K	20x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.56	−0.272%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perplong	+0.0140%	4h	316.42	long leg	$542K	$887K	10x
MEXC TAO_USDT	+0.0164%	4h	315.29	−0.356%	$103.5M	$151.4M	300x	as long as short
Binance TAOUSDT	+0.0164%	4h	315.32	−0.346%	$92.3M	$531.7M	75x	as long as short
edgeX TAOUSDC	+0.0167%	4h	316.51	+0.029%	$42K	$320K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0200%	4h	315.39	−0.324%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	315.53	−0.281%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0268%	1h	315.40	−0.321%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0308%	1h	316.74	+0.102%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	315.24	−0.372%	$1.2M	$11.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0331%	1h	315.79	−0.199%	$15K	$1.9M	25x	as long as short
Pacifica TAO	+0.0349%	1h	315.64	−0.245%	$370K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0365% / S −0.0107%	1h	316.02	−0.124%	$371K	—	100x	as long as short
Extended TAO-USD	+0.0384%	1h	315.37	−0.331%	$894K	$2.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0404%	4h	315.64	−0.245%	$4.8M	$10.8M	100x
Arcus TAO-USD	+0.0404%	1h	315.74	−0.214%	$99K	$377K	5x	as long as short
Bybit TAOUSDT	+0.0566%	4h	315.42	−0.315%	$69.5M	$156.3M	50x	as long as short
Hyperliquid TAO	+0.0566%	1h	315.43	−0.312%	$93.1M	$109.9M	5x	as long as short
Phoenix TAO	+0.0578%	1h	316.50	+0.026%	$318K	$714K	5x	as long as short
Nado TAO-PERP	+0.0582%	1h	315.35	−0.339%	$774K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.131%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0640%	1h	315.52	−0.283%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	315.85	−0.180%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.29	−0.355%	$363	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0788%	1h	315.69	−0.229%	$5.9M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0806%	1h	315.48	−0.296%	$315K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	315.33	−0.343%	$447K	$667K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.24	−0.056%	$1.2M	$7.2M	50x	as long as short
Phemex TAOUSDT	+0.1104%	4h	315.68	−0.233%	$3.2M	$8.2M	50x	as long as short
BingX TAO-USDT	+0.1210%	4h	315.34	−0.340%	—	$37.4M	—	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.736%	$23K	$2K	12x	as long as short