TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0586%/8h= −64.1% APRnext payment −$0.73 per $10,000 · paid last 24h +0.328%

Price spread now: Arcus against Bulk+0.398%7-day average +0.172% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Bulk Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.388%+$39 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.398%, 7d avg +0.172%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.227% dearer against Bulk than usual: you sell high and buy low (spread +0.398% now, against its 7-day average of +0.172%): +$23 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 4 days funding on this pair paid +0.388%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	310.92	0.0817	pay 0.0102% / 1h	20m 56s	$165K	$333	10x
Short	Arcus TAO-USD	312.16	0.0231	get 0.0029% / 1h	20m 56s	$101K	$394K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bulk. 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 BulkbpFee ArcusbpOrdersPrice spread, now +0.398%Rate

Funding earned: −$122.98
Price spread: +0.398% → +0.172%: $22.67
Slippage, 4 orders: −$23.7
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$135.52
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Bulk: live order book, 33 min ago; Arcus: live order book, 33 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 Bulk live order book, 33 min ago	2.39 bp	6.1 bp −$6	14.0 bp −$140	32.8 bp −$3,278	doesn't fit
Sell Arcus live order book, 33 min ago	5.09 bp	8.2 bp −$8	21.1 bp −$211	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	−0.0348%	1h	311.72	+0.257%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.55	+0.202%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	311.34	+0.136%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.94	+0.328%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.73	+0.260%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.75	+0.267%	$355K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.59	+0.215%	$89.3M	$500.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.68	+0.244%	$67.1M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.60	+0.218%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.30	+0.122%	$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	311.47	+0.176%	$102.3M	$145.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.48	+0.180%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.19	+0.086%	$34.9M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.54	+0.199%	—	$33.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	310.82	−0.032%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.073%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.73	−0.062%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.70	+0.250%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.83	+0.292%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.62	+0.225%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.34	+0.135%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.56	+0.205%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0100%	4h	311.65	+0.234%	$1.3M	$10.5M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.73	+0.261%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	311.79	+0.279%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	311.51	+0.190%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	311.83	+0.291%	$14K	$1K	10x	as long as short
Arcus TAO-USDshort	+0.0231%	1h	312.16	+0.398%	$101K	$394K	5x
Variational Omni TAO	+0.0308%	4h	311.97	+0.337%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	311.38	+0.147%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0340%	1h	311.69	+0.248%	$785K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.79	+0.279%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.057%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0458%	1h	311.73	+0.260%	$91.6M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.05	+0.363%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0492%	1h	311.65	+0.234%	$310K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0505%	1h	311.84	+0.295%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0584%	1h	311.95	+0.329%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.80	+0.283%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.91	+0.318%	$442K	$653K	5x	as long as short
Bulk TAO-USDlong	+0.0817%	1h	310.92	long leg	$165K	$333	10x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.52	+0.192%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.389%	$23K	$2K	12x	as long as short