TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against MEXC−0.119%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days+0.137%+$14 · spread now −0.119%, 7d avg −0.012%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.107% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	318.83	0.0184	pay 0.0092% / 4h	41m 39s	$100.4M	$151.2M	300x
Short	Bitget TAOUSDT	318.45	0.0100	get 0.0050% / 4h	41m 39s	$35.8M	$57.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee MEXCbpFee BitgetbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$17.64
Price spread: −0.119% → −0.012%: −$10.67
Slippage, 4 orders: −$17.72
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.04
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 2 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 MEXC live order book, 2 min ago	0.63 bp	2.0 bp −$2	6.1 bp −$61	25.1 bp −$2,508	105.5 bp −$52.8K
Sell Bitget live order book, 2 min ago	1.57 bp	13.5 bp −$13	24.6 bp −$246	33.4 bp −$3,337	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	318.42	−0.129%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0050%	1h	318.66	−0.053%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.00	+0.053%	$44K	$709K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.90	+0.022%	$26.5M	$130.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.60	−0.072%	$14.5M	$51.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.82	−0.003%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	318.45	−0.119%	$35.8M	$57.9M	50x
Polymarket Perps TAO-USD	+0.0100%	1h	318.50	−0.104%	$89K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.27	−0.176%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.36	−0.147%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	318.61	−0.069%	$3K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	318.36	−0.146%	$410K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.81	−0.007%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	318.61	−0.069%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0183%	4h	318.77	−0.018%	$42K	$318K	10x	as long as short
MEXC TAO_USDTlong	+0.0184%	4h	318.83	long leg	$100.4M	$151.2M	300x
Binance TAOUSDT	+0.0184%	4h	318.94	+0.034%	$92.5M	$529.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.89	+0.019%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0290%	4h	318.95	+0.038%	$69.9M	$156.5M	50x	as long as short
BingX TAO-USDT	+0.0298%	4h	318.73	−0.031%	—	$37.0M	—	as long as short
ApeX Omni TAOUSDT	+0.0309%	1h	318.62	−0.066%	$46K	$260K	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.95	+0.036%	$362K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.345%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0334%	4h	318.97	+0.045%	$544K	$926K	10x	as long as short
Aster TAOUSDT	+0.0342%	4h	318.92	+0.029%	$1.3M	$11.0M	50x	as long as short
Bullet TAO-USD	+0.0351%	1h	318.66	−0.052%	$12K	$17K	20x	as long as short
Extended TAO-USD	+0.0368%	1h	318.62	−0.065%	$908K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0409%	1h	318.70	−0.042%	$15K	$2.0M	25x	as long as short
BloFin TAO-USDT	+0.0426%	4h	319.21	+0.119%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.02	+0.060%	$103K	$381K	5x	as long as short
Nado TAO-PERP	+0.0509%	1h	318.78	−0.016%	$790K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0534%	4h	319.26	+0.136%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0543%	4h	318.75	−0.025%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0560%	1h	319.17	+0.107%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.10	+0.085%	$318K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.55	−0.089%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0757%	1h	319.19	+0.113%	$297K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	319.15	+0.100%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0787%	1h	319.37	+0.169%	$94.5M	$110.2M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.96	+0.042%	$6.0M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.61	−0.070%	$450K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.26	+0.135%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.289%	$23K	$2K	12x	as long as short