TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0374%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against MEXC+0.094%50s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as 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−$520.517% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.441%−$44 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.094%, 7d avg +0.011%

Together, before fees−0.516%−$52 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 Phemex is 0.083% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.441%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	309.07	0.0100	pay 0.0050% / 4h	2h 43m	$101.6M	$136.9M	300x
Short	Phemex TAOUSDT	309.36	0.0474	get 0.0237% / 4h	2h 43m	$3.4M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.094%Rate

Funding earned: $78.64
Price spread: +0.094% → +0.011%: $8.29
Slippage, 4 orders: −$39.69
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $35.24
Costs to cover: 0.517%
Break-even: 3.9 days

Slippage from MEXC: live order book, 11 min ago; Phemex: live order book, 5 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, 11 min ago	2.41 bp	3.5 bp −$3	10.6 bp −$106	30.9 bp −$3,089	116.6 bp −$58.3K
Sell Phemex live order book, 5 min ago	11.11 bp	20.2 bp −$20	doesn't fit	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	308.91	−0.052%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	308.57	−0.162%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.19	+0.039%	$46K	$605K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.15	+0.026%	$89.2M	$458.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.00	−0.023%	$25.2M	$108.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.90	−0.055%	$12.6M	$49.5M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	309.07	long leg	$101.6M	$136.9M	300x
KuCoin TAOUSDTM	+0.0100%	4h	309.23	+0.052%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.81	−0.084%	$34.4M	$52.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.63	+0.180%	$34K	$300K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	−0.016%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.89	+0.265%	$46K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.58	+0.165%	$56K	$289K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.36	+0.094%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.80	+0.236%	$127K	$470K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.12	+0.340%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	309.36	+0.094%	$1K	$674K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	309.18	+0.037%	$426K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	309.50	+0.138%	$5.5M	$20.3M	50x	as long as short
Aster TAOUSDT	+0.0172%	4h	309.35	+0.090%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0241%	1h	309.08	+0.004%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0262%	1h	309.06	−0.003%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0274%	8h	309.34	+0.086%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	309.31	+0.078%	$365K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.48	+0.133%	$82K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.676%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0354%	1h	309.60	+0.172%	$15K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.122%	$23K	$2K	12x	as long as short
Phemex TAOUSDTshort	+0.0474%	4h	309.36	+0.094%	$3.4M	$8.0M	50x
Nado TAO-PERP	+0.0573%	1h	308.96	−0.034%	$756K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	309.80	+0.236%	$324K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	309.75	+0.220%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0696%	4h	309.05	−0.007%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.01	−0.020%	$355	—	20x	as long as short
BingX TAO-USDT	+0.0740%	4h	309.18	+0.036%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0779%	4h	309.26	+0.061%	$63.2M	$135.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0853%	1h	309.75	+0.220%	$313K	$814K	10x	as long as short
Extended TAO-USD	+0.0976%	1h	309.08	+0.003%	$890K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	310.07	+0.324%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.36	+0.093%	$411K	$605K	5x	as long as short
Hyperliquid TAO	+0.1287%	1h	309.37	+0.097%	$98.1M	$93.0M	5x	as long as short
Lighter TAO	+0.1408%	1h	309.19	+0.040%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.077%	$166K	$40K	10x	as long as short