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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0594%/8h= −65.1% APRpaid last 24h −0.180%
Price spread now: Bitget against Reya+0.053%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Bitget is 0.053% dearer against Reya than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya TAORUSDPERP305.110.0694pay 0.0087% / 1h26m 35s$351—20x
ShortBitget TAOUSDT305.270.0100get 0.0050% / 4h2h 26m$34.2M$44.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Reya. 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
−$124.79
Price spread: +0.053% → 0.000%
$5.3
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$137.49
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell Bitget live order book, 2 min ago1.64 bp11.7 bp −$1219.9 bp −$19942.7 bp −$4,272doesn't fit
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX TAO-USD0.0000%1h305.59+0.157%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h304.95−0.052%$19K—150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0041%1h305.12+0.003%$15K$1.3M25xas long as short
Popdex TAOUSDT+0.0096%1h305.14+0.010%$41K$525K20xas long as short
Pacifica TAO+0.0100%1h305.58+0.154%$361K$401K10xas long as short
Binance TAOUSDT+0.0100%4h305.64+0.173%$85.5M$403.3M75xas long as short
Bybit TAOUSDT+0.0100%4h305.72+0.200%$59.0M$118.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.60+0.161%$25.2M$92.6M50xas long as short
Arcus TAO-USD+0.0100%1h305.69+0.191%$137K$596K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.643%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h305.60+0.161%$12.2M$48.1M50xas long as short
MEXC TAO_USDT+0.0100%4h305.83+0.237%$113.2M$123.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h305.74+0.207%$18.5M$26.4M75xas long as short
Bitget TAOUSDTshort+0.0100%4h305.27+0.053%$34.2M$44.4M50x
BingX TAO-USDT+0.0100%4h305.34+0.076%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h307.53+0.794%$3.6M$6.5M—as long as short
edgeX TAOUSDC+0.0100%4h307.34+0.731%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h307.77+0.872%$539K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h307.19+0.682%$46K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h305.21+0.033%$86K$668K5xas long as short
Bullet TAO-USD+0.0100%1h305.09−0.008%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.03−0.026%$58K$276K10xas long as short
SunX TAO-USDT+0.0100%4h304.95−0.052%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h305.02−0.029%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h304.80−0.101%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.17+0.022%$168K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h305.35+0.079%$873$434K5xas long as short
Aster TAOUSDT+0.0145%4h305.02−0.029%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0162%8h305.66+0.181%$14K$1K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h304.92−0.061%$435K—100xas long as short
Phoenix TAO+0.0234%1h305.60+0.161%$324K$462K5xas long as short
Nado TAO-PERP+0.0311%1h305.03−0.025%$833K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h305.11+0.001%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0512%1h305.41+0.099%$3K$4K5xas long as short
Reya TAORUSDPERPlong+0.0694%1h305.11long leg$351—20x
Extended TAO-USD+0.0696%1h305.32+0.071%$897K$2.0M25xas long as short
Lighter TAO+0.0912%1h306.19+0.356%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.30+0.391%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1033%1h305.22+0.036%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.35+0.079%$408K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1193%1h305.16+0.017%$441K$715K10xas long as short
Hyperliquid TAO+0.1714%1h306.09+0.322%$93.4M$76.0M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96+0.279%$22K$17112xas long as short