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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 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Pacifica−0.150%58s7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$360.363% of the position
Long on PacificaShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.150%, 7d avg −0.003%
Together, before fees−0.022%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.146% cheaper against Pacifica than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica TAO305.970.0100pay 0.0013% / 1h36m 44s$361K$400K10x
ShortBinance TAOUSDT305.510.0100get 0.0050% / 4h2h 36m$85.7M$401.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: −0.150% → −0.003%
−$14.63
Slippage, 4 orders
−$18.3
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$50.93
Costs to cover
0.363%
Break-even
never at this rate
Slippage from Pacifica: live order book, 51 min ago; Binance: live order book, 7 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 Pacifica live order book, 51 min ago2.40 bp10.1 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.16 bp8.1 bp −$814.7 bp −$14736.2 bp −$3,621doesn'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
dYdX TAO-USD0.0000%1h305.49−0.156%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.54−0.140%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h305.77−0.065%$41K$524K20xas long as short
Pacifica TAOlong+0.0100%1h305.97long leg$361K$400K10x
Binance TAOUSDTshort+0.0100%4h305.51−0.150%$85.7M$401.6M75x
Bybit TAOUSDT+0.0100%4h305.52−0.146%$58.8M$117.6M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.50−0.153%$25.0M$92.1M50xas long as short
Arcus TAO-USD+0.0100%1h306.00+0.010%$137K$593K5xas long as short
Gate TAO_USDT+0.0100%4h305.70−0.088%$12.1M$47.7M50xas long as short
MEXC TAO_USDT+0.0100%4h305.97+0.001%$112.6M$122.4M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.22+0.082%$18.4M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.57−0.130%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.91−0.019%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h306.23+0.086%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.09−0.288%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.96−0.004%$536K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.81−0.052%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h305.74−0.075%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.08+0.037%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.67−0.097%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.13+0.053%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h306.11+0.046%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.73−0.079%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h305.76−0.068%$876$426K5xas long as short
Polymarket Perps TAO-USD+0.0119%1h305.85−0.039%$85K$669K5xas long as short
Aster TAOUSDT+0.0137%4h305.78−0.061%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0166%8h305.86−0.034%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.49−0.155%$436K—100xas long as short
Phoenix TAO+0.0234%1h306.20+0.076%$324K$462K5xas long as short
Nado TAO-PERP+0.0247%1h305.84−0.041%$848K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.41+0.144%$4.3M$9.4M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0494%1h306.46+0.161%$14K$1.3M25xas long as short
01 Exchange TAOUSD+0.0496%1h306.19+0.073%$3K$4K5xas long as short
Bulk TAO-USD+0.0668%1h304.81−0.378%$200K$57K10xas long as short
Extended TAO-USD+0.0672%1h305.80−0.056%$872K$1.9M25xas long as short
Reya TAORUSDPERP+0.0694%1h305.77−0.065%$352—20xas long as short
Lighter TAO+0.0840%1h306.04+0.022%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.84+0.285%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1028%1h306.51+0.178%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.970.000%$408K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1257%1h306.78+0.265%$469K$683K10xas long as short
Hyperliquid TAO+0.1635%1h306.48+0.166%$93.1M$75.4M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.62+0.867%$22K$13812xas long as short