TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.17 per $10,000 · paid last 24h +0.065%

Price spread now: Extended against ApeX Omni+0.269%92s7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$410.405% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.661%−$66 · spread now +0.269%, 7d avg −0.072%

Together, before fees−0.567%+ Points / potential airdropExtended: Active · farm board−$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.342% dearer against ApeX Omni than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.072%. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	312.72	0.0255	pay 0.0032% / 1h	47m 56s	$46K	$255K	50x
Short	Extended TAO-USD	313.56	0.0392	get 0.0049% / 1h	47m 56s	$905K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.269%Rate

Funding earned: $28.76
Price spread: +0.269% → −0.072%: $34.17
Slippage, 4 orders: −$25.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $22.42
Costs to cover: 0.405%
Break-even: 1.5 days

Slippage from ApeX Omni: live order book, 64 min ago; Extended: live order book, 6 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, 64 min ago	5.43 bp	13.1 bp −$13	115.2 bp −$1,152	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	3.21 bp	8.1 bp −$8	10.4 bp −$104	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	313.35	+0.200%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.43	+0.226%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.50	+0.249%	$2K	$882K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.82	+0.352%	$89.7M	$505.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	+0.313%	$26.2M	$122.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	+0.249%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.79	+0.342%	$104.8M	$144.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.66	+0.301%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.34	+0.198%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.14	−0.186%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.47	+0.240%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.25	+0.169%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.12	+0.128%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.91	+0.382%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.81	+0.349%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.42	+0.224%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.095%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0156%	4h	313.75	+0.329%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0229%	8h	313.54	+0.263%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.59	+0.278%	$357K	$419K	10x	as long as short
Popdex TAOUSDT	+0.0248%	1h	313.70	+0.313%	$49K	$662K	20x	as long as short
ApeX Omni TAOUSDTlong	+0.0255%	1h	312.72	long leg	$46K	$255K	50x
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	+0.158%	$532K	$942K	10x	as long as short
Nado TAO-PERP	+0.0261%	1h	313.58	+0.274%	$780K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.93	+0.386%	$5.6M	$20.8M	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	313.81	+0.348%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.62	+0.288%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0368%	4h	313.74	+0.326%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	+0.122%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0384%	4h	313.87	+0.368%	$68.0M	$151.3M	50x	as long as short
Phemex TAOUSDT	+0.0389%	4h	313.58	+0.275%	$3.2M	$8.0M	50x	as long as short
Extended TAO-USDshort	+0.0392%	1h	313.56	+0.269%	$905K	$2.4M	25x
Arcus TAO-USD	+0.0483%	1h	313.95	+0.393%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	+0.185%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0542%	1h	313.76	+0.333%	$14K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.51	+0.251%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0729%	1h	313.96	+0.397%	$91.8M	$108.4M	5x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	314.19	+0.470%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0802%	1h	313.89	+0.374%	$312K	$885K	10x	as long as short
Lighter TAO	+0.0920%	1h	314.00	+0.408%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.20	+0.473%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.75	+0.328%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+1.071%	$23K	$2K	12x	as long as short