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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC−0.4798%/8h= −525.4% APRnext payment −$6.00 per $10,000 · paid last 24h −0.631%
Price spread now: Deribit against Injective+0.138%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days−3.557%−$356 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.138% dearer against Injective than usual: you sell high and buy low (spread +0.138% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$144 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−3.557% in total) that is about 7 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective TAO/USDC PERP305.960.4876pay 0.0610% / 1h29m 05s$22K$17112x
ShortDeribit TAO_USDC-PERPETUAL306.380.0078get 0.0010% / 1h29m 05s$15K$1.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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
−$1,007.62
Price spread: +0.138% → 0.000%
$13.77
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$1,000.87
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 5 min ago. 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 Injective no order-book sample—————
Sell Deribit live order book, 5 min ago5.37 bp8.9 bp −$914.7 bp −$147doesn't fitdoesn't fit
Injective: 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
dYdX TAO-USD0.0000%1h305.82−0.046%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.27+0.101%$19K—150xas long as short
Deribit TAO_USDC-PERPETUALshort+0.0078%1h306.38+0.138%$15K$1.3M25x
Popdex TAOUSDT+0.0096%1h306.70+0.242%$42K$523K20xas long as short
Pacifica TAO+0.0100%1h306.05+0.029%$362K$401K10xas long as short
Binance TAOUSDT+0.0100%4h305.68−0.092%$85.5M$403.0M75xas long as short
Bybit TAOUSDT+0.0100%4h305.80−0.052%$59.1M$118.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.70−0.085%$25.0M$92.3M50xas long as short
Arcus TAO-USD+0.0100%1h306.86+0.294%$136K$594K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.363%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h305.70−0.085%$12.2M$48.0M50xas long as short
MEXC TAO_USDT+0.0100%4h305.92−0.013%$113.0M$123.1M300xas long as short
KuCoin TAOUSDTM+0.0100%4h305.87−0.029%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.57−0.127%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.92−0.013%—$30.5M—as long as short
Variational Omni TAO+0.0100%4h307.53+0.514%$3.6M$6.5M—as long as short
edgeX TAOUSDC+0.0100%4h307.34+0.450%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h307.77+0.591%$539K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h307.19+0.402%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h306.33+0.119%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.31+0.114%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.19+0.075%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.09+0.042%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.83−0.042%$3.2M$7.9M50xas long as short
Polymarket Perps TAO-USD+0.0104%1h306.82+0.281%$86K$669K5xas long as short
Aevo TAO-PERP+0.0104%1h306.36+0.132%$168K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h306.47+0.167%$3K$434K5xas long as short
Aster TAOUSDT+0.0147%4h306.18+0.072%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0163%8h305.90−0.018%$14K$1K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.18+0.072%$437K—100xas long as short
Phoenix TAO+0.0234%1h308.30+0.765%$327K$462K5xas long as short
Nado TAO-PERP+0.0298%1h306.58+0.204%$840K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.14+0.059%$4.2M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h306.97+0.330%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h306.32+0.117%$352—20xas long as short
Extended TAO-USD+0.0696%1h305.78−0.058%$901K$2.0M25xas long as short
Lighter TAO+0.0944%1h306.38+0.138%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h307.34+0.451%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.40+0.144%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h306.86+0.293%$410K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1262%1h305.88−0.026%$442K$712K10xas long as short
Hyperliquid TAO+0.1701%1h306.56+0.196%$93.7M$75.8M5xas long as short
Injective TAO/USDC PERPlong+0.4876%1h305.96long leg$22K$17112x