TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Aevo against Popdex−0.089%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1331.331% of the position

Long on Popdex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.089%, 7d avg +0.043%

Together, before fees+0.165%+$17 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: Aevo is 0.131% cheaper against Popdex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	315.27	0.0096	pay 0.0012% / 1h	42m 55s	$42K	$685K	20x
Short	Aevo TAO-PERP	314.99	0.0104	get 0.0013% / 1h	42m 55s	$173K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Popdex. 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 PopdexbpFee AevobpOrdersPrice spread, now −0.089%Rate

Funding earned: $1.68
Price spread: −0.089% → +0.043%: −$13.14
Slippage, 4 orders: −$110.73
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$144.59
Costs to cover: 1.331%
Break-even: 609.4 days

Slippage from Popdex: live order book, 16 min ago; Aevo: live order book, 16 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 Popdex live order book, 16 min ago	1.26 bp	8.8 bp −$9	71.1 bp −$711	doesn't fit	doesn't fit
Sell Aevo live order book, 16 min ago	37.19 bp	62.6 bp −$63	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
Bulk TAO-USD	−0.0482%	1h	315.13	−0.044%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.49	+0.070%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.105%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	−0.091%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	315.27	long leg	$42K	$685K	20x
Binance TAOUSDT	+0.0100%	4h	314.94	−0.105%	$90.8M	$489.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.117%	$25.9M	$119.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.117%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.02	−0.079%	$105.6M	$142.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.80	−0.149%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.67	−0.190%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	+0.159%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	+0.254%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.05	−0.070%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.18	−0.029%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.60	+0.105%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.93	−0.108%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.04	−0.073%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.98	−0.092%	$645	$785K	5x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	314.99	−0.089%	$173K	$998	3x
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	+0.264%	$526K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	314.98	−0.092%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0139%	4h	315.03	−0.076%	$68.5M	$146.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0117%	1h	314.92	−0.110%	$427K	—	100x	as long as short
BingX TAO-USDT	+0.0176%	4h	314.97	−0.095%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	315.71	+0.139%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0200%	1h	315.35	+0.025%	$806K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0221%	4h	315.02	−0.079%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSD	+0.0232%	1h	315.24	−0.010%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0262%	1h	315.19	−0.025%	$93.8M	$105.2M	5x	as long as short
Extended TAO-USD	+0.0312%	1h	314.86	−0.131%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0313%	1h	315.06	−0.067%	$316K	$910K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.07	−0.063%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.85	+0.184%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.91	+0.203%	$362K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0400%	1h	315.03	−0.075%	$11K	$1.6M	25x	as long as short
Lighter TAO	+0.0408%	1h	315.32	+0.017%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.263%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.211%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.12	−0.047%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.33	+0.020%	$437K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	+0.352%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.377%	$23K	$2K	12x	as long as short