TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Phemex+0.053%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.053%, 7d avg −0.009%

Together, before fees+0.334%+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.062% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TAOUSDT	321.45	0.0100	pay 0.0050% / 4h	1h 54m	$3.3M	$8.1M	50x
Short	MEXC TAO_USDT	321.62	0.0154	get 0.0077% / 4h	1h 54m	$105.2M	$149.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: $11.34
Price spread: +0.053% → −0.009%: $6.22
Slippage, 4 orders: −$38.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$32.81
Costs to cover: 0.504%
Break-even: 27.3 days

Slippage from Phemex: live order book, 4 min ago; MEXC: live order book, 4 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 Phemex live order book, 4 min ago	8.00 bp	14.7 bp −$15	41.6 bp −$416	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.23 bp	2.9 bp −$3	10.8 bp −$108	25.4 bp −$2,539	108.3 bp −$54.1K

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	−0.1440%	1h	322.10	+0.201%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.24	−0.067%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.24	−0.067%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.28	+0.258%	$40K	$690K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.60	+0.047%	$26.7M	$129.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.10	−0.109%	$14.2M	$51.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.41	−0.012%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.99	−0.143%	$36.2M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	324.34	+0.899%	$47K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.71	+0.081%	$87K	$1.0M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	321.35	−0.031%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.52	+0.022%	$118K	$584K	20x	as long as short
Phemex TAOUSDTlong	+0.0100%	4h	321.45	long leg	$3.3M	$8.1M	50x
Katana Perps TAO-USD	+0.0110%	8h	322.29	+0.261%	$731	$969K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	321.56	+0.034%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.79	+0.106%	$177K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0124% / S +0.0144%	1h	321.08	−0.114%	$430K	—	100x	as long as short
Binance TAOUSDT	+0.0148%	4h	321.30	−0.045%	$93.7M	$523.5M	75x	as long as short
MEXC TAO_USDTshort	+0.0154%	4h	321.62	+0.053%	$105.2M	$149.0M	300x
edgeX TAOUSDC	+0.0156%	4h	324.58	+0.975%	$43K	$315K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	321.59	+0.043%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0305%	1h	321.49	+0.011%	$15K	$1.9M	25x	as long as short
Aster TAOUSDT	+0.0308%	4h	321.34	−0.034%	$1.3M	$10.8M	50x	as long as short
Bybit TAOUSDT	+0.0366%	4h	321.54	+0.028%	$70.2M	$155.5M	50x	as long as short
BingX TAO-USDT	+0.0382%	4h	321.46	+0.003%	—	$34.3M	—	as long as short
BloFin TAO-USDT	+0.0394%	4h	321.90	+0.140%	$4.7M	$11.1M	100x	as long as short
Bullet TAO-USD	+0.0417%	1h	323.30	+0.576%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0460%	4h	323.74	+0.711%	$552K	$937K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	321.50	+0.015%	$918K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0506%	4h	323.50	+0.637%	$5.7M	$10.1M	—	as long as short
Phoenix TAO	+0.0513%	1h	324.40	+0.918%	$323K	$709K	5x	as long as short
Pacifica TAO	+0.0525%	1h	321.54	+0.027%	$366K	$422K	10x	as long as short
Nado TAO-PERP	+0.0598%	1h	321.72	+0.084%	$804K	$2.2M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0610%	1h	321.33	−0.037%	$319K	$899K	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.75	+0.093%	$104K	$394K	5x	as long as short
Hyperliquid TAO	+0.0673%	1h	321.74	+0.090%	$95.1M	$109.8M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.51	+0.017%	$370	—	20x	as long as short
01 Exchange TAOUSD	+0.0704%	1h	322.59	+0.355%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.47	+0.317%	$1.5M	$6.9M	50x	as long as short
Lighter TAO	+0.1008%	1h	321.85	+0.126%	$1.5M	$6.6M	5x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.38	+0.290%	$464K	$652K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1148%	1h	321.66	+0.066%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.115%	$24K	$2K	12x	as long as short