TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Popdex+0.085%7-day average +0.074% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Popdex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.085%, 7d avg +0.074%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	307.31	0.0096	pay 0.0012% / 1h	21m 54s	$41K	$530K	20x
Short	Arcus TAO-USD	307.57	0.0100	get 0.0013% / 1h	21m 54s	$137K	$598K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0.84
Price spread: +0.085% → +0.074%: $1.06
Slippage, 4 orders: −$36.89
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.9
Costs to cover: 0.478%
Break-even: 389.5 days

Slippage from Popdex: live order book, 2 min ago; Arcus: 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 Popdex live order book, 2 min ago	1.78 bp	11.2 bp −$11	91.6 bp −$916	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	4.70 bp	9.7 bp −$10	20.3 bp −$203	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
dYdX TAO-USD	0.0000%	1h	306.98	−0.106%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.58	+0.088%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0065%	1h	307.79	+0.155%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	307.31	long leg	$41K	$530K	20x
Pacifica TAO	+0.0100%	1h	307.16	−0.050%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.39	+0.351%	$86.1M	$404.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.73	+0.462%	$59.6M	$118.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.70	+0.452%	$25.4M	$93.6M	50x	as long as short
Arcus TAO-USDshort	+0.0100%	1h	307.57	+0.085%	$137K	$598K	5x
Bulk TAO-USD	+0.0100%	1h	307.07	−0.078%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	308.20	+0.290%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.29	+0.319%	$114.7M	$124.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.07	+0.247%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.60	+0.420%	$34.5M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.18	+0.283%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.459%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−0.711%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−0.701%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.784%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.62	+0.101%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.59	+0.092%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.72	+0.133%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.60	+0.094%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.77	+0.150%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.46	+0.049%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.87	+0.181%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.46	+0.049%	$879	$438K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	307.04	−0.088%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	308.33	+0.332%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.54	+0.075%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.30	−0.003%	$325K	$462K	5x	as long as short
Nado TAO-PERP	+0.0296%	1h	307.37	+0.019%	$843K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.69	+0.124%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.64	+0.107%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.54	+0.076%	$354	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	308.06	+0.244%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	308.31	+0.325%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.55	+0.404%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.99	+0.222%	$6.3M	$19.2M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.57	+0.086%	$414K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1094%	1h	308.20	+0.290%	$445K	$715K	10x	as long as short
Hyperliquid TAO	+0.1746%	1h	308.87	+0.508%	$94.5M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.439%	$22K	$171	12x	as long as short