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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Binance−0.499%49s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as 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−$400.402% of the position
Long on BinanceShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 3 days (all we have)+0.801%+$80 · spread now −0.499%, 7d avg +0.037%
Together, before fees+0.883%+$88 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.536% cheaper against Binance than usual: you would sell low and buy high (spread −0.499% now, against its 7-day average of +0.037%). If the spread goes back, that is −$54 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.082% in total) that is about 46 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT313.850.0100pay 0.0050% / 4h38m 43s$88.8M$425.3M75x
ShortApeX Omni TAOUSDT312.280.0118get 0.0015% / 1h38m 43s$47K$270K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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

Funding earned
$3.7
Price spread: −0.499% → +0.037%
−$53.64
Slippage, 4 orders
−$20.17
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$90.11
Costs to cover
0.402%
Break-even
177.7 days
Slippage from Binance: live order book, 5 min ago; ApeX Omni: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago0.16 bp10.0 bp −$1017.9 bp −$17935.0 bp −$3,498doesn't fit
Sell ApeX Omni live order book, 38 min ago3.76 bp12.3 bp −$12116.0 bp −$1,160doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.4478%1h313.97+0.040%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h313.41−0.139%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.85−0.319%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.173%$23K$26012xas long as short
Popdex TAOUSDT+0.0096%1h313.25−0.190%$41K$552K20xas long as short
Pacifica TAO+0.0100%1h313.79−0.019%$372K$369K10xas long as short
Binance TAOUSDTlong+0.0100%4h313.85long leg$88.8M$425.3M75x
Bybit TAOUSDT+0.0100%4h314.01+0.052%$61.6M$124.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.20+0.113%$25.1M$101.1M50xas long as short
Gate TAO_USDT+0.0100%4h312.90−0.301%$12.7M$49.3M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h314.10+0.081%$120.9M$127.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.62−0.072%$19.0M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.12+0.087%$35.0M$46.5M50xas long as short
BingX TAO-USDT+0.0100%4h314.32+0.151%—$30.2M—as long as short
edgeX TAOUSDC+0.0100%4h312.40−0.460%$40K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.53−0.419%$526K$948K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h312.93−0.292%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h312.85−0.317%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h313.08−0.244%$128K$395K20xas long as short
Phemex TAOUSDT+0.0100%4h312.83−0.324%$3.3M$7.9M50xas long as short
Bullet TAO-USD+0.0100%1h313.14−0.225%$11K$17K20xas long as short
Aevo TAO-PERP+0.0104%1h313.14−0.225%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.28−0.180%$2K$541K5xas long as short
Polymarket Perps TAO-USD+0.0116%1h313.26−0.187%$77K$520K5xas long as short
ApeX Omni TAOUSDTshort+0.0118%1h312.28−0.499%$47K$270K50x
Arcus TAO-USD+0.0186%1h314.51+0.212%$83K$606K5xas long as short
Paradex TAO-USD-PERP+0.0189%8h314.23+0.123%$14K$1K10xas long as short
Variational Omni TAO+0.0194%4h312.41−0.459%$3.9M$7.0M—as long as short
Aster TAOUSDT+0.0202%4h313.21−0.203%$1.1M$7.9M50xas long as short
BloFin TAO-USDT+0.0347%4h313.20−0.206%$4.4M$10.2M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0405%1h312.99−0.271%$19K$1.4M25xas long as short
Kraken Futures PF_TAOUSD+0.0449%1h312.92−0.294%$5.8M$19.9M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0175%1h312.80−0.332%$449K—100xas long as short
Nado TAO-PERP+0.0509%1h313.26−0.186%$830K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0536%1h313.28−0.180%$301K$799K10xas long as short
Phoenix TAO+0.0537%1h312.80−0.333%$327K$521K5xas long as short
Reya TAORUSDPERP+0.0695%1h313.02−0.263%$360—20xas long as short
01 Exchange TAOUSD+0.0720%1h313.50−0.110%$3K$4K5xas long as short
Extended TAO-USD+0.0872%1h313.06−0.251%$863K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h314.64+0.253%$1.5M$5.8M50xas long as short
RISEx TAO/USDC+0.1238%1h314.57+0.231%$433K$548K5xas long as short
Lighter TAO+0.1352%1h314.16+0.101%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.1885%1h313.77−0.024%$97.7M$83.2M5xas long as short