TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0888%/8h= +97.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.224%

Price spread now: Coinbase International against Popdex+0.009%7-day average +0.185% · 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−$67as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.469%+$47 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now +0.009%, 7d avg +0.185%

Together, before fees+0.630%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.176% cheaper against Popdex than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.185%). If the spread goes back, that is −$18 on $10k: about 16 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	317.20	0.0096	pay 0.0012% / 1h	6m 28s	$43K	$603K	20x
Short	Coinbase International TAO-PERP-INTX	317.23	0.0984	get 0.0123% / 1h	6m 28s	$1.5M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.009%Rate

Funding earned: $186.48
Price spread: +0.009% → +0.185%: −$17.58
Slippage, 4 orders: −$33.34
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $119.16
Costs to cover: 0.497%
Break-even: 2.5 days

Slippage from Popdex: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	1.74 bp	8.7 bp −$9	89.2 bp −$892	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	10.10 bp	15.1 bp −$15	20.1 bp −$201	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	−0.1228%	1h	316.14	−0.334%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.00	−0.063%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.31	−0.282%	$10K	—	150x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	317.20	long leg	$43K	$603K	20x
Binance TAOUSDT	+0.0100%	4h	316.66	−0.169%	$90.7M	$450.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.50	−0.221%	$25.8M	$109.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.158%	$12.9M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.95	−0.079%	$99.6M	$136.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.09	−0.035%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.92	−0.088%	$35.2M	$51.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.12	−0.341%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.81	−0.438%	$523K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.43	−0.243%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.70	−0.158%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.76	+0.177%	$127K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.76	+0.177%	$3.4M	$7.8M	50x	as long as short
Bullet TAO-USD	+0.0101%	1h	317.01	−0.061%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.97	−0.073%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0124%	8h	317.07	−0.041%	$1K	$644K	5x	as long as short
ApeX Omni TAOUSDT	+0.0154%	1h	316.14	−0.334%	$48K	$267K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	316.54	−0.208%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.39	+0.060%	$376K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.39	+0.060%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0207%	4h	316.97	−0.072%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	317.05	−0.046%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0262%	1h	317.32	+0.038%	$93K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0292%	1h	317.77	+0.180%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.23	+0.325%	$4.5M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	317.90	+0.219%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.20	−0.315%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	−0.081%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	317.25	+0.016%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	316.59	−0.192%	$23K	$902	12x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.13	−0.021%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	316.70	−0.158%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0705%	4h	316.84	−0.113%	$65.2M	$133.5M	50x	as long as short
Nado TAO-PERP	+0.0749%	1h	317.24	+0.012%	$873K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	318.28	+0.340%	$322K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0984%	1h	317.23	+0.009%	$1.5M	$6.4M	50x
Extended TAO-USD	+0.1112%	1h	316.89	−0.097%	$884K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.24	+0.011%	$421K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	317.65	+0.142%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1780%	1h	317.50	+0.096%	$101.6M	$91.6M	5x	as long as short