TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0908%/8h= +99.4% APRnext payment +$1.14 per $10,000 · paid last 24h +0.238%

Price spread now: Coinbase International against ApeX Omni+0.235%75s7-day average +0.172% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.573% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.539%+$54 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.235%, 7d avg +0.172%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.063% dearer against ApeX Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.172%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.539% in total (about 28.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.14 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	ApeX Omni TAOUSDT	315.38	0.0100	pay 0.0013% / 1h	12m 09s	$46K	$255K	50x
Short	Coinbase International TAO-PERP-INTX	316.12	0.1008	get 0.0126% / 1h	12m 09s	$1.5M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.235%Rate

Funding earned: $190.68
Price spread: +0.235% → +0.172%: $6.29
Slippage, 4 orders: −$37.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $139.65
Costs to cover: 0.573%
Break-even: 1.9 days

Slippage from ApeX Omni: live order book, 44 min ago; Coinbase International: 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 ApeX Omni live order book, 44 min ago	5.36 bp	12.2 bp −$12	123.0 bp −$1,230	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	11.10 bp	16.1 bp −$16	21.2 bp −$212	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	314.80	−0.185%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.82	−0.178%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.28	−0.031%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.75	−0.200%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.76	−0.197%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.34	−0.013%	$91.1M	$495.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.47	+0.029%	$68.0M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.30	−0.025%	$26.0M	$120.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.152%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.37	−0.003%	$111.0M	$144.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.13	−0.079%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.00	−0.120%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.15	−0.073%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.09	−0.093%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.71	−0.214%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	315.38	long leg	$46K	$255K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	314.76	−0.197%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.05	−0.105%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.99	−0.124%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.40	−0.311%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.10	−0.089%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	−0.222%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.04	−0.107%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.03	−0.111%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.83	−0.174%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	314.96	−0.134%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0172%	4h	314.87	−0.163%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	315.05	−0.106%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0214%	1h	314.83	−0.173%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0271%	1h	315.13	−0.079%	$92.7M	$106.6M	5x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	315.09	−0.092%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.08	−0.095%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.20	−0.057%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	315.32	−0.019%	$316K	$913K	10x	as long as short
Lighter TAO	+0.0352%	1h	315.66	+0.090%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.99	−0.124%	$359K	$412K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0443%	1h	315.20	−0.057%	$23K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	−0.067%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.10	−0.089%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.97	−0.130%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.97	−0.130%	$437K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.1008%	1h	316.12	+0.235%	$1.5M	$6.7M	50x
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+0.891%	$23K	$2K	12x	as long as short