TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Gate against BloFin+0.016%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.427%−$43 on $10k

Price spread, last 3 days (all we have)−0.095%−$10 · spread now +0.016%, 7d avg −0.053%

Together, before fees−0.522%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.070% dearer against BloFin than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.053%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	303.45	0.0340	pay 0.0170% / 4h	1h 46m	$4.3M	$9.3M	100x
Short	Gate TAO_USDT	303.50	0.0100	get 0.0050% / 4h	1h 46m	$12.1M	$48.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$50.4
Price spread: +0.016% → −0.053%: $6.95
Slippage, 4 orders: −$27.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$98.43
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Gate: 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 BloFin live order book, 2 min ago	2.63 bp	8.9 bp −$9	15.1 bp −$151	38.9 bp −$3,885	doesn't fit
Sell Gate live order book, 2 min ago	4.93 bp	19.4 bp −$19	32.6 bp −$326	75.2 bp −$7,523	126.1 bp −$63.0K

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
Bulk TAO-USD	−0.0466%	1h	307.38	+1.295%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.37	−0.026%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.10	−0.116%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.94	+0.161%	$43K	$534K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.95	+0.165%	$85.3M	$409.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.80	+0.115%	$58.9M	$120.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.60	+0.049%	$24.4M	$94.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.87	+0.138%	$79K	$642K	5x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	303.50	+0.016%	$12.1M	$48.4M	50x
MEXC TAO_USDT	+0.0100%	4h	303.66	+0.069%	$120.8M	$124.0M	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	303.27	−0.059%	$18.2M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.53	+0.026%	$34.0M	$45.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.62	+0.056%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.07	+0.534%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.88	+0.472%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.81	+0.448%	$504K	$977K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.70	+0.082%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.35	−0.034%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.39	−0.020%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.44	−0.003%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.89	+0.145%	$120K	$356K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.44	−0.003%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.51	+0.020%	$167K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0106%	1h	303.70	+0.082%	$46K	$269K	50x	as long as short
Aster TAOUSDT	+0.0108%	4h	303.39	−0.020%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.03	+0.191%	$2K	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	303.62	+0.057%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.43	−0.008%	$358K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.15	−0.098%	$433K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0242%	1h	303.43	−0.008%	$22K	$1.4M	25x	as long as short
Lighter TAO	+0.0328%	1h	303.49	+0.012%	$1.6M	$5.2M	5x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	303.45	long leg	$4.3M	$9.3M	100x
Backpack TAO_USDC_PERP	+0.0380%	1h	303.52	+0.023%	$376K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.21	+0.250%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0456%	1h	303.54	+0.030%	$826K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	+0.148%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.45	0.000%	$349	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.57	+0.039%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.600%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1042%	1h	303.26	−0.062%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.30	+0.280%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1306%	1h	303.77	+0.105%	$93.1M	$79.5M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.740%	$22K	$264	12x	as long as short