TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0185%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.017%

Price spread now: Aevo against Pacifica−0.087%7-day average +0.031% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.087%, 7d avg +0.031%

Together, before fees+0.131%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aevo is 0.118% cheaper against Pacifica than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	317.50	0.0313	pay 0.0039% / 1h	1m 43s	$373K	$465K	10x
Short	Aevo TAO-PERP	317.22	0.0128	get 0.0016% / 1h	1m 43s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Pacifica. 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 PacificabpFee AevobpOrdersPrice spread, now −0.087%Rate

Funding earned: −$38.82
Price spread: −0.087% → +0.031%: −$11.82
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$74.65
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 37 min ago; Aevo: live order book, 37 min ago. Net counts fees only.

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 Pacifica live order book, 37 min ago	3.47 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 37 min ago	53.11 bp	78.3 bp −$78	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.80	−0.222%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	317.15	−0.111%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.95	−0.174%	$48K	$717K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.40	−0.032%	$26.4M	$131.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.10	−0.126%	$14.8M	$52.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.37	−0.041%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.17	−0.104%	$35.7M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.75	−0.237%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.63	−0.274%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.26	−0.391%	$116K	$590K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0138%	1h	316.94	−0.177%	$408K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.88	+0.119%	$650	$1.2M	5x	as long as short
Aevo TAO-PERPshort	+0.0128%	1h	317.22	−0.087%	$174K	$998	3x
ApeX Omni TAOUSDT	+0.0138%	1h	318.99	+0.469%	$46K	$259K	50x	as long as short
Binance TAOUSDT	+0.0178%	4h	317.45	−0.015%	$92.9M	$532.9M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0183%	4h	316.96	−0.171%	$52K	$295K	10x	as long as short
MEXC TAO_USDT	+0.0184%	4h	317.43	−0.022%	$103.9M	$153.0M	300x	as long as short
edgeX TAOUSDC	+0.0195%	4h	319.07	+0.494%	$42K	$320K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	+0.133%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0254%	8h	317.51	+0.003%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	317.43	−0.022%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0287%	4h	317.54	+0.012%	$69.8M	$157.1M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	316.78	−0.227%	$12K	$17K	20x	as long as short
Pacifica TAOlong	+0.0313%	1h	317.50	long leg	$373K	$465K	10x
GRVT TAO_USDT_Perp	+0.0314%	4h	318.68	+0.370%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0341%	4h	317.46	−0.011%	$1.3M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	317.45	−0.016%	$901K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	317.56	+0.018%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0465%	4h	317.19	−0.098%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.81	+0.097%	$100K	$383K	5x	as long as short
Nado TAO-PERP	+0.0484%	1h	317.00	−0.159%	$773K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0527%	1h	317.07	−0.136%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0574%	4h	318.65	+0.362%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.30	+0.566%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0640%	1h	317.66	+0.050%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0677%	1h	317.74	+0.075%	$94.0M	$110.2M	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	317.06	−0.139%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.08	−0.132%	$365	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0724%	1h	317.17	−0.104%	$433K	$992K	10x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.58	+0.025%	$448K	$668K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.24	−0.083%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.43	−0.022%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.555%	$23K	$2K	12x	as long as short