TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0643%/8h= +70.4% APRnext payment +$0.80 per $10,000 · paid last 24h +0.233%

Price spread now: Coinbase International against Pacifica+0.337%7-day average +0.176% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Pacifica Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.529%+$53 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.337%, 7d avg +0.176%

Together, before fees+0.387%+ Points / potential airdropPacifica: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.161% dearer against Pacifica than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.176%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	315.42	0.0365	pay 0.0046% / 1h	51m 47s	$368K	$402K	10x
Short	Coinbase International TAO-PERP-INTX	316.48	0.1008	get 0.0126% / 1h	51m 47s	$1.5M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.337%Rate

Funding earned: $135.11
Price spread: +0.337% → +0.176%: $16.09
Slippage, 4 orders: −$32.05
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $101.15
Costs to cover: 0.501%
Break-even: 1.8 days

Slippage from Pacifica: live order book, 7 min ago; Coinbase International: 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 Pacifica live order book, 7 min ago	3.49 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	9.78 bp	14.8 bp −$15	18.9 bp −$189	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
Bulk TAO-USD	−0.0499%	1h	315.15	−0.084%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.36	−0.018%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.42	+0.001%	$20K	—	150x	as long as short
ApeX Omni TAOUSDT	+0.0050%	1h	315.08	−0.106%	$46K	$252K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.18	−0.075%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.71	+0.093%	$41K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.69	−0.230%	$91.2M	$487.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.195%	$25.9M	$118.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	−0.259%	$12.9M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.68	−0.233%	$104.6M	$142.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.44	−0.309%	$17.5M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.70	−0.227%	$35.1M	$55.7M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.41	+0.315%	$35K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.53	+0.036%	$89K	$789K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.64	+0.070%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.57	+0.049%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.22	−0.062%	$109K	$526K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.20	−0.068%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.54	+0.039%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	315.44	+0.008%	$2K	$780K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	315.57	+0.049%	$57K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0130%	4h	316.46	+0.332%	$527K	$952K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0153% / S +0.0115%	1h	315.42	+0.001%	$428K	—	100x	as long as short
01 Exchange TAOUSD	+0.0184%	1h	315.47	+0.017%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0199%	1h	315.02	−0.124%	$94.1M	$104.7M	5x	as long as short
Paradex TAO-USD-PERP	+0.0204%	8h	315.33	−0.029%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0210%	1h	315.72	+0.096%	$13K	$1.6M	25x	as long as short
Bybit TAOUSDT	+0.0220%	4h	314.96	−0.145%	$68.9M	$145.7M	50x	as long as short
Aster TAOUSDT	+0.0234%	4h	314.98	−0.137%	$1.2M	$10.1M	50x	as long as short
Nado TAO-PERP	+0.0239%	1h	315.67	+0.081%	$807K	$2.2M	10x	as long as short
BingX TAO-USDT	+0.0244%	4h	314.59	−0.262%	—	$30.1M	—	as long as short
Backpack TAO_USDC_PERP	+0.0280%	1h	315.38	−0.011%	$313K	$914K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.15	+0.233%	$4.5M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.55	+0.044%	$1.5M	$6.4M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.46	+0.014%	$99K	$488K	5x	as long as short
Pacifica TAOlong	+0.0365%	1h	315.42	long leg	$368K	$402K	10x
Extended TAO-USD	+0.0368%	1h	314.70	−0.228%	$922K	$2.4M	25x	as long as short
Phoenix TAO	+0.0581%	1h	315.90	+0.153%	$314K	$697K	5x	as long as short
Variational Omni TAO	+0.0690%	4h	316.99	+0.500%	$5.9M	$9.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.92	+0.160%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.15	−0.083%	$433K	$656K	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.1008%	1h	316.48	+0.337%	$1.5M	$6.7M	50x
Injective TAO/USDC PERP	+0.4222%	1h	319.25	+1.216%	$23K	$2K	12x	as long as short