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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 01:00 UTC+0.0376%/8h= +41.1% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against MEXC+0.091%81s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$380.375% of the position
Long on MEXCShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)+0.216%+$22 · spread now +0.091%, 7d avg +0.045%
Together, before fees+0.299%+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and ApeX Omni is 0.046% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TAO_USDT318.690.0100pay 0.0050% / 4h3h 54m$105.0M$131.2M300x
ShortApeX Omni TAOUSDT318.980.0476get 0.0059% / 1h54m 10s$48K$268K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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
$78.86
Price spread: +0.091% → +0.045%
$4.57
Slippage, 4 orders
−$27.52
Fee MEXC: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$45.91
Costs to cover
0.375%
Break-even
2.9 days
Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 18 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 MEXC live order book, 5 min ago0.94 bp7.8 bp −$814.9 bp −$14940.0 bp −$4,000153.3 bp −$76.7K
Sell ApeX Omni live order book, 18 min ago6.24 bp14.7 bp −$15133.1 bp −$1,331doesn'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−0.1799%1h311.96−2.112%$167K$44K10xas long as short
Phemex TAOUSDT−0.0672%4h318.55−0.044%$3.4M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h318.36−0.105%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.64−0.014%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h318.61−0.025%$40K$578K20xas long as short
Katana Perps TAO-USD+0.0100%8h318.53−0.050%$2K$590K5xas long as short
Binance TAOUSDT+0.0100%4h318.36−0.105%$91.0M$438.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.60−0.028%$25.8M$106.2M50xas long as short
Gate TAO_USDT+0.0100%4h318.40−0.091%$12.9M$49.5M50xas long as short
MEXC TAO_USDTlong+0.0100%4h318.69long leg$105.0M$131.2M300x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h318.73+0.013%$19.0M$28.3M75xas long as short
Bitget TAOUSDT+0.0100%4h318.51−0.056%$35.7M$48.8M50xas long as short
edgeX TAOUSDC+0.0100%4h319.37+0.214%$36K$287K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.75+0.019%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.73+0.013%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.42+0.229%$127K$422K20xas long as short
Aevo TAO-PERP+0.0104%1h321.70+0.945%$177K$9983xas long as short
GRVT TAO_USDT_Perp+0.0142%4h319.47+0.244%$531K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h318.61−0.024%$461K—100xas long as short
Pacifica TAO+0.0185%1h318.87+0.056%$377K$371K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0195%1h318.95+0.080%$23K$1.5M25xas long as short
Arcus TAO-USD+0.0201%1h319.06+0.116%$84K$545K5xas long as short
Aster TAOUSDT+0.0214%4h318.82+0.041%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0216%8h318.54−0.048%$14K$1K10xas long as short
Bullet TAO-USD+0.0263%1h318.88+0.059%$12K$17K20xas long as short
Variational Omni TAO+0.0291%4h319.01+0.101%$5.5M$8.6M—as long as short
BloFin TAO-USDT+0.0340%4h318.55−0.044%$4.4M$10.8M100xas long as short
Polymarket Perps TAO-USD+0.0354%1h318.88+0.060%$100K$633K5xas long as short
Bybit TAOUSDT+0.0378%4h318.57−0.038%$65.4M$129.8M50xas long as short
BingX TAO-USDT+0.0398%4h318.68−0.003%—$30.7M—as long as short
ApeX Omni TAOUSDTshort+0.0476%1h318.98+0.091%$48K$268K50x
Kraken Futures PF_TAOUSD+0.0481%1h318.71+0.006%$5.7M$20.2M50xas long as short
Phoenix TAO+0.0537%1h319.30+0.191%$334K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.85−0.264%$23K$37012xas long as short
Reya TAORUSDPERP+0.0695%1h318.62−0.023%$366—20xas long as short
Nado TAO-PERP+0.0837%1h318.72+0.009%$886K$2.0M10xas long as short
01 Exchange TAOUSD+0.0848%1h319.42+0.229%$3K$4K5xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h320.17+0.464%$1.5M$6.1M50xas long as short
Extended TAO-USD+0.1008%1h319.03+0.107%$929K$2.2M25xas long as short
Backpack TAO_USDC_PERP+0.1052%1h318.72+0.009%$316K$817K10xas long as short
RISEx TAO/USDC+0.1141%1h318.86+0.052%$420K$586K5xas long as short
Lighter TAO+0.1928%1h319.32+0.196%$1.7M$5.8M5xas long as short
Hyperliquid TAO+0.2920%1h319.41+0.226%$104.3M$88.3M5xas long as short