Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0424%/8h= +46.5% APRpaid last 24h +0.002%
Price spread now: ApeX Omni against OKX+2.739%70s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.467% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 4 days (all we have)−1.951%−$195 · spread now +2.739%, 7d avg +0.059%
Together, before fees−1.892%−$189 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and ApeX Omni is 2.679% dearer against OKX than usual: you sell high and buy low: +$268 more if the spread goes back to its 7-day average of +0.059%. The two prices were read 70 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 0.060% in total (about 3.1% 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
LongOKX TAO-USDT-SWAP315.500.0100pay 0.0100% / 8h5h 12m$26.0M$119.4M50x
ShortApeX Omni TAOUSDT324.140.0524get 0.0066% / 1h12m 23s$48K$253K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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
$89.11
Price spread: +2.739% → +0.059%
$267.91
Slippage, 4 orders
−$26.65
Fee OKX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$310.36
Costs to cover
0.467%
Break-even
from the start
Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 49 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 OKX live order book, 2 min ago1.58 bp11.1 bp −$1123.4 bp −$23473.0 bp −$7,298doesn't fit
Sell ApeX Omni live order book, 49 min ago5.52 bp13.4 bp −$13122.5 bp −$1,225doesn'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−0.1916%1h325.17+3.065%$172K$1K10xas long as short
dYdX TAO-USD0.0000%1h316.15+0.206%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.32−0.058%$20K150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0057%1h315.57+0.022%$16K$1.6M25xas long as short
Popdex TAOUSDT+0.0096%1h316.37+0.276%$40K$686K20xas long as short
Binance TAOUSDT+0.0100%4h315.52+0.007%$91.8M$489.0M75xas long as short
OKX TAO-USDT-SWAPlong+0.0100%8h315.50long leg$26.0M$119.4M50x
Gate TAO_USDT+0.0100%4h315.40−0.032%$12.9M$50.3M50xas long as short
MEXC TAO_USDT+0.0100%4h315.95+0.143%$101.2M$143.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h315.96+0.146%$17.6M$31.6M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h315.17−0.105%$35.2M$55.6M50xas long as short
edgeX TAOUSDC+0.0100%4h323.66+2.587%$36K$303K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.11+0.193%$87K$794K5xas long as short
SunX TAO-USDT+0.0100%4h315.20−0.095%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h315.57+0.022%$128K$482K20xas long as short
Aevo TAO-PERP+0.0104%1h315.46−0.013%$173K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h316.04+0.171%$672$776K5xas long as short
Orderly PERP_TAO_USDC+0.0125%4h315.27−0.073%$57K$282K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0157% / S +0.0112%1h315.32−0.056%$429K100xas long as short
Bullet TAO-USD+0.0199%1h315.43−0.023%$12K$18K20xas long as short
Phemex TAOUSDT+0.0219%4h315.93+0.136%$3.4M$7.9M50xas long as short
GRVT TAO_USDT_Perp+0.0224%4h321.44+1.882%$533K$965K10xas long as short
Kraken Futures PF_TAOUSD+0.0249%1h315.46−0.011%$5.6M$20.8M50xas long as short
Paradex TAO-USD-PERP+0.0260%8h316.36+0.273%$14K$1K10xas long as short
Aster TAOUSDT+0.0290%4h316.00+0.158%$1.2M$10.0M50xas long as short
BloFin TAO-USDT+0.0340%4h316.00+0.158%$3.8M$11.3M100xas long as short
Bybit TAOUSDT+0.0442%4h315.60+0.032%$69.2M$146.0M50xas long as short
Pacifica TAO+0.0448%1h316.36+0.273%$374K$405K10xas long as short
BingX TAO-USDT+0.0452%4h315.44−0.019%$30.4Mas long as short
Phoenix TAO+0.0504%1h324.80+2.948%$340K$707K5xas long as short
Arcus TAO-USD+0.0509%1h316.72+0.387%$100K$488K5xas long as short
ApeX Omni TAOUSDTshort+0.0524%1h324.14+2.739%$48K$253K50x
Nado TAO-PERP+0.0619%1h315.87+0.116%$790K$2.2M10xas long as short
Reya TAORUSDPERP+0.0696%1h315.93+0.136%$36320xas long as short
Extended TAO-USD+0.0704%1h315.37−0.043%$927K$2.4M25xas long as short
01 Exchange TAOUSD+0.0720%1h316.35+0.269%$3K$4K5xas long as short
Lighter TAO+0.0760%1h316.80+0.411%$1.6M$6.4M5xas long as short
Variational Omni TAO+0.0831%4h317.31+0.575%$5.9M$9.8Mas long as short
Backpack TAO_USDC_PERP+0.0928%1h315.29−0.067%$314K$923K10xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h316.00+0.158%$1.5M$6.8M50xas long as short
Hyperliquid TAO+0.1076%1h316.09+0.187%$95.9M$104.5M5xas long as short
RISEx TAO/USDC+0.1159%1h316.36+0.271%$444K$657K5xas long as short
Injective TAO/USDC PERP+0.4172%1h321.62+1.940%$23K$2K12xas long as short