data as of
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Funding arb /

TAO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC+0.0108%/8h
next payment, per $10,000+$0.13paid, last 24h+0.024%paid, last 7 days+0.133%to open and close $10k−$24
Long on BackpackShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TAO_USDC_PERP286.160.0100pay 0.0013% / 1h35m 04s$289K$262K10x
ShortLighter TAO286.360.0208get 0.0026% / 1h35m 04s$1.3M$1.6M5x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$22.68
Slippage, 4 orders
−$14.43
Fee Backpack: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$1.75
Break-even
7.5 days
Slippage from Backpack: live order book, 25 min ago; Lighter: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.070%
Avg gap 7d
+0.035%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 25 min ago2.09 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago2.07 bp3.8 bp −$412.6 bp −$126doesn't fitdoesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.0079%1h$150K$3K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0011%1h$17K—150xas long as short
Gate TAO_USDT+0.0020%4h$11.2M$43.1M50xas long as short
dYdX TAO-USD+0.0041%1h$74K$54K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0081%1h$15K$859K25xas long as short
Popdex TAOUSDT+0.0096%1h$36K$438K20xas long as short
Pacifica TAO+0.0100%1h$345K$349K10xas long as short
Binance TAOUSDT+0.0100%4h$81.7M$296.0M75xas long as short
Bybit TAOUSDT+0.0100%4h$51.8M$76.8M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h$23.3M$63.1M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Arcus TAO-USD+0.0100%1h$137K$534K5xas long as short
MEXC TAO_USDT+0.0100%4h$114.5M$88.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$17.0M$17.0M75xas long as short
Bitget TAOUSDT+0.0100%4h$32.3M$33.1M50xas long as short
BingX TAO-USDT+0.0100%4h—$27.3M—as long as short
Backpack TAO_USDC_PERPlong+0.0100%1h$289K$262K10x
Variational Omni TAO+0.0100%4h$3.4M$4.2M—as long as short
edgeX TAOUSDC+0.0100%4h$32K$283K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$45K$264K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$74K$1.2M5xas long as short
Bullet TAO-USD+0.0100%1h$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$52K$145K10xas long as short
SunX TAO-USDT+0.0100%4h$2K$1.5M20xas long as short
HTX TAO-USDT+0.0100%4h$119K$289K20xas long as short
Phemex TAOUSDT+0.0100%4h$3.0M$7.7M50xas long as short
Katana Perps TAO-USD+0.0100%8h$775$241K5xas long as short
Paradex TAO-USD-PERP+0.0102%8h$13K$37610xas long as short
Extended TAO-USD+0.0104%1h$748K$1.0M25xas long as short
Aevo TAO-PERP+0.0104%1h$158K—3xas long as short
Lighter TAOshort+0.0208%1h$1.3M$1.6M5x
01 Exchange TAOUSD+0.0288%1h$5K$4K5xas long as short
Nado TAO-PERP+0.0340%1h$1.1M$1.1M10xas long as short
BloFin TAO-USDT+0.0340%4h$4.1M$6.8M100xas long as short
Phoenix TAO+0.0417%1h$318K$134K5xas long as short
Kraken Futures PF_TAOUSD+0.0467%1h$5.4M$12.4M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0490% / S −0.0204%1h$440K—100xas long as short
RISEx TAO/USDC+0.0523%1h$316K$386K5xas long as short
Aster TAOUSDT+0.0551%4h$2.1M$3.8M50xas long as short
Hyperliquid TAO+0.0677%1h$77.1M$44.4M5xas long as short
Reya TAORUSDPERP+0.0691%1h$329—20xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h$1.5M$4.2M50xas long as short
Injective TAO/USDC PERP+0.1683%1h$21K$163K12xas long as short