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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 00:00 UTC+0.0732%/8h= +80.2% APRpaid last 24h +0.098%
Price spread now: 01 Exchange against GRVT−0.066%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GRVTShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. 01 Exchange is 0.066% cheaper against GRVT than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$22 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT TAO_USDT_Perp314.120.0100pay 0.0050% / 4h48m 12s$519K$950K10x
Short01 Exchange TAOUSD313.910.0832get 0.0104% / 1h48m 12s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$153.72
Price spread: −0.066% → 0.000%
−$6.61
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$131.11
Costs to cover
0.160%
Break-even
1.0 days
Slippage unknown: GRVT: live order book, 30 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 30 min ago1.31 bp8.5 bp −$919.7 bp −$197doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample—————
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.4722%1h314.01−0.034%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h313.68−0.140%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.44−0.215%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.087%$23K$26012xas long as short
Popdex TAOUSDT+0.0096%1h313.67−0.143%$40K$549K20xas long as short
Pacifica TAO+0.0100%1h313.65−0.149%$371K$372K10xas long as short
Binance TAOUSDT+0.0100%4h313.52−0.190%$88.7M$421.5M75xas long as short
Bybit TAOUSDT+0.0100%4h313.71−0.130%$61.3M$123.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.40−0.228%$25.2M$99.9M50xas long as short
Gate TAO_USDT+0.0100%4h313.20−0.292%$12.5M$48.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.63−0.155%$121.0M$126.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.65−0.149%$19.1M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h313.26−0.273%$35.0M$46.2M50xas long as short
BingX TAO-USDT+0.0100%4h313.39−0.232%—$30.2M—as long as short
edgeX TAOUSDC+0.0100%4h313.44−0.216%$41K$280K10xas long as short
GRVT TAO_USDT_Perplong+0.0100%4h314.12long leg$519K$950K10x
ApeX Omni TAOUSDT+0.0100%1h313.37−0.238%$47K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.53−0.187%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h313.43−0.219%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h313.28−0.267%$128K$394K20xas long as short
Phemex TAOUSDT+0.0100%4h313.25−0.276%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h313.76−0.115%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.66−0.146%$2K$538K5xas long as short
Polymarket Perps TAO-USD+0.0117%1h313.81−0.098%$77K$522K5xas long as short
Bullet TAO-USD+0.0141%1h313.71−0.130%$11K$17K20xas long as short
Variational Omni TAO+0.0173%4h313.59−0.169%$3.8M$6.9M—as long as short
Paradex TAO-USD-PERP+0.0186%8h313.51−0.194%$14K$1K10xas long as short
Arcus TAO-USD+0.0186%1h313.92−0.063%$83K$626K5xas long as short
Aster TAOUSDT+0.0212%4h313.52−0.190%$1.1M$7.8M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0327%1h313.60−0.166%$19K$1.4M25xas long as short
BloFin TAO-USDT+0.0340%4h314.07−0.015%$4.3M$9.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0448%1h313.59−0.168%$5.8M$19.8M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0175%1h313.41−0.227%$449K—100xas long as short
Nado TAO-PERP+0.0502%1h313.65−0.148%$843K$2.0M10xas long as short
Phoenix TAO+0.0537%1h312.70−0.451%$334K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0576%1h313.55−0.181%$300K$798K10xas long as short
Reya TAORUSDPERP+0.0695%1h313.66−0.146%$361—20xas long as short
01 Exchange TAOUSDshort+0.0832%1h313.91−0.066%$3K$4K5x
Extended TAO-USD+0.0840%1h313.49−0.199%$864K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h314.20+0.026%$1.5M$5.7M50xas long as short
RISEx TAO/USDC+0.1238%1h313.68−0.138%$432K$536K5xas long as short
Lighter TAO+0.1544%1h314.00−0.036%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.2169%1h314.25+0.042%$98.4M$82.8M5xas long as short