TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0824%/8h= +90.2% APRnext payment +$1.03 per $10,000 · paid last 24h +0.247%

Price spread now: Coinbase International against Aevo+0.396%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1821.816% of the position

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.574%+$57 on $10k

Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.396%, 7d avg +0.144%

Together, before fees+0.300%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.252% dearer against Aevo than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.144%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.574% in total (about 30.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	319.41	0.0120	pay 0.0015% / 1h	28m 07s	$175K	$998	3x
Short	Coinbase International TAO-PERP-INTX	320.68	0.0944	get 0.0118% / 1h	28m 07s	$1.5M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. 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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.396%Rate

Funding earned: $173.04
Price spread: +0.396% → +0.144%: $25.2
Slippage, 4 orders: −$155.57
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $16.67
Costs to cover: 1.816%
Break-even: 6.3 days

Slippage from Aevo: live order book, 16 min ago; Coinbase International: live order book, 1 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 Aevo live order book, 16 min ago	56.19 bp	79.8 bp −$80	423.7 bp −$4,237	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.94 bp	11.2 bp −$11	17.8 bp −$178	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	−0.1995%	1h	319.47	+0.018%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.13	−0.089%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.02	−0.124%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.13	−0.089%	$42K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	+0.027%	$26.6M	$129.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.10	−0.098%	$14.2M	$52.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.26	−0.048%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.35	−0.020%	$35.9M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.35	+0.293%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.06	−0.111%	$91K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.13	−0.089%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.75	−0.208%	$118K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.00	−0.130%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0118% / S +0.0149%	1h	318.95	−0.145%	$426K	—	100x	as long as short
Aevo TAO-PERPlong	+0.0120%	1h	319.41	long leg	$175K	$998	3x
Orderly PERP_TAO_USDC	+0.0121%	4h	319.26	−0.048%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0165%	4h	319.82	+0.126%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	319.42	+0.002%	$105.7M	$150.1M	300x	as long as short
Binance TAOUSDT	+0.0172%	4h	319.57	+0.050%	$92.5M	$529.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0264%	8h	319.14	−0.085%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0295%	4h	319.54	+0.039%	$3.3M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0334%	4h	319.52	+0.032%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0334%	4h	319.62	+0.064%	$70.0M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0345%	4h	319.37	−0.014%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0387%	1h	319.39	−0.008%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	319.57	+0.050%	$544K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0410%	4h	319.36	−0.017%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0456%	1h	319.27	−0.044%	$911K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.31	−0.034%	$363K	$423K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	320.05	+0.199%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0556%	1h	319.13	−0.090%	$794K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.20	−0.067%	$318K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.41	−0.001%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0633%	1h	319.56	+0.046%	$94.4M	$110.3M	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.56	+0.046%	$103K	$394K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.25	−0.052%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0706%	1h	319.43	+0.005%	$298K	$905K	10x	as long as short
Lighter TAO	+0.0728%	1h	319.53	+0.036%	$1.5M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0751%	1h	319.33	−0.026%	$15K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0944%	1h	320.68	+0.396%	$1.5M	$6.9M	50x
RISEx TAO/USDC	+0.1077%	1h	319.04	−0.116%	$457K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1156%	1h	319.35	−0.021%	$5.9M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+1.260%	$24K	$2K	12x	as long as short