TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0131%/8h= −14.4% APRnext payment −$0.16 per $10,000 · paid last 24h −0.002%

Price spread now: Pacifica against Arcus−0.016%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.016%, 7d avg −0.069%

Together, before fees−0.141%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.053% dearer against Arcus than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.069%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 4 days (−0.011% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	310.81	0.0231	pay 0.0029% / 1h	22m 33s	$101K	$394K	5x
Short	Pacifica TAO	310.76	0.0100	get 0.0013% / 1h	22m 33s	$354K	$414K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Arcus. 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 ArcusbpFee PacificabpOrdersPrice spread, now −0.016%Rate

Funding earned: −$27.56
Price spread: −0.016% → −0.069%: $5.27
Slippage, 4 orders: −$26.52
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$61.32
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Arcus: live order book, 31 min ago; Pacifica: live order book, 31 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 Arcus live order book, 31 min ago	5.09 bp	14.4 bp −$14	26.6 bp −$266	doesn't fit	doesn't fit
Sell Pacifica live order book, 31 min ago	2.22 bp	9.7 bp −$10	doesn't fit	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.85	+0.012%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.72	−0.029%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	310.54	−0.086%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.46	−0.113%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.14	−0.216%	$2K	$842K	5x	as long as short
Pacifica TAOshort	+0.0100%	1h	310.76	−0.016%	$354K	$414K	10x
Binance TAOUSDT	+0.0100%	4h	310.39	−0.134%	$89.0M	$500.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.65	−0.051%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.50	−0.100%	$25.8M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	−0.100%	$13.2M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.60	−0.068%	$101.9M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.65	−0.051%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.16	−0.209%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.43	−0.122%	—	$33.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.062%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.037%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	−0.019%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.70	−0.035%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.98	+0.054%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.77	−0.013%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.34	−0.151%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.97	+0.052%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0104%	4h	310.70	−0.037%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.86	+0.016%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.71	−0.031%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	310.57	−0.077%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0206%	4h	310.93	+0.039%	$3.2M	$8.0M	50x	as long as short
Arcus TAO-USDlong	+0.0231%	1h	310.81	long leg	$101K	$394K	5x
Variational Omni TAO	+0.0294%	4h	311.14	+0.105%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0304%	1h	310.36	−0.144%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.093%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0357%	1h	310.74	−0.023%	$783K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0456%	1h	310.80	−0.003%	$91.3M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.093%	$310K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	310.49	−0.103%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0493%	1h	310.94	+0.042%	$309K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	310.94	+0.041%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0646%	1h	311.01	+0.063%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.85	+0.011%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.43	−0.124%	$441K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.036%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.31	+0.161%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.425%	$23K	$2K	12x	as long as short