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Funding arb · Price arb /

TAO

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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%
Price spread now: BloFin against Popdex−0.075%7-day average +0.021% · 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−$55as in the Price arb table
costs, in and out, $10k−$460.457% of the position
Long on PopdexShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.244%+$24 on $10k
Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.075%, 7d avg +0.021%
Together, before fees+0.384%+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.096% cheaper against Popdex than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.021%). If the spread goes back, that is −$10 on $10k: about 31 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex TAOUSDT306.150.0096pay 0.0012% / 1h19m 03s$44K$539K20x
ShortBloFin TAO-USDT305.920.0340get 0.0170% / 4h1h 19m$4.2M$9.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$51.24
Price spread: −0.075% → +0.021%
−$9.61
Slippage, 4 orders
−$27.27
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$4.03
Costs to cover
0.457%
Break-even
7.6 days
Slippage from Popdex: live order book, 65 min ago; BloFin: live order book, 5 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 Popdex live order book, 65 min ago1.78 bp11.2 bp −$1191.6 bp −$916doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago2.13 bp15.2 bp −$1520.8 bp −$208doesn't fitdoesn'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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h305.94−0.068%$26K—150xas long as short
dYdX TAO-USD+0.0016%1h306.13−0.007%$125K$85K5xas long as short
Popdex TAOUSDTlong+0.0096%1h306.15long leg$44K$539K20x
Binance TAOUSDT+0.0100%4h305.81−0.111%$85.6M$414.6M75xas long as short
Bybit TAOUSDT+0.0100%4h305.97−0.059%$59.2M$121.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.80−0.114%$24.6M$95.5M50xas long as short
Arcus TAO-USD+0.0100%1h306.34+0.062%$79K$643K5xas long as short
Bulk TAO-USD+0.0100%1h302.77−1.104%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h305.80−0.114%$12.2M$49.1M50xas long as short
MEXC TAO_USDT+0.0100%4h305.91−0.078%$113.7M$125.7M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h305.88−0.088%$18.2M$27.3M75xas long as short
Bitget TAOUSDT+0.0100%4h305.55−0.196%$34.1M$46.0M50xas long as short
BingX TAO-USDT+0.0100%4h305.86−0.095%—$30.4M—as long as short
edgeX TAOUSDC+0.0100%4h306.18+0.010%$40K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h306.70+0.180%$507K$967K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.22+0.023%$75K$566K5xas long as short
Bullet TAO-USD+0.0100%1h306.150.000%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.92−0.075%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.88−0.088%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.02−0.042%$122K$367K20xas long as short
Phemex TAOUSDT+0.0100%4h305.80−0.114%$3.2M$7.9M50xas long as short
ApeX Omni TAOUSDT+0.0102%1h306.21+0.020%$46K$270K50xas long as short
Aevo TAO-PERP+0.0104%1h306.11−0.015%$168K$9983xas long as short
Variational Omni TAO+0.0105%4h305.97−0.060%$3.7M$6.7M—as long as short
Katana Perps TAO-USD+0.0110%8h306.09−0.020%$1K$506K5xas long as short
Aster TAOUSDT+0.0126%4h305.94−0.068%$1.1M$7.7M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0148%1h305.98−0.054%$19K$1.4M25xas long as short
Paradex TAO-USD-PERP+0.0157%8h306.14−0.004%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.23+0.027%$362K$370K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.96−0.063%$437K—100xas long as short
Nado TAO-PERP+0.0315%1h306.10−0.017%$826K$1.9M10xas long as short
BloFin TAO-USDTshort+0.0340%4h305.92−0.075%$4.2M$9.5M100x
Lighter TAO+0.0392%1h306.09−0.021%$1.6M$5.3M5xas long as short
01 Exchange TAOUSD+0.0416%1h306.31+0.052%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0458%1h305.94−0.069%$294K$800K10xas long as short
Phoenix TAO+0.0521%1h306.60+0.147%$321K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h306.04−0.035%$352—20xas long as short
Extended TAO-USD+0.0784%1h305.72−0.141%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h307.01+0.281%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1033%1h305.86−0.095%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1076%1h306.28+0.042%$93.2M$80.6M5xas long as short
RISEx TAO/USDC+0.1155%1h306.23+0.024%$417K$544K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.843%$22K$26412xas long as short