Settings8H · net · $10k
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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 07:00 UTC+0.2444%/8h= +267.7% APRpaid last 24h +0.404%
Price spread now: BloFin against Bulk+0.958%7-day average +0.126% · 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+$60as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Long on BulkShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.646%+$65 on $10k
Price spread, last 4 days (all we have)−0.670%−$67 · spread now +0.958%, 7d avg +0.126%
Together, before fees−0.024%−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$73 a day on $10k at the current rate, and BloFin is 0.832% dearer against Bulk than usual: you sell high and buy low: +$83 more if the spread goes back to its 7-day average of +0.126%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.646% in total (about 63.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk TAO-USD319.47−0.1995get 0.0249% / 1h23m 15s$170K$33310x
ShortBloFin TAO-USDT322.530.0450get 0.0225% / 4h1h 23m$4.7M$11.1M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$513.33
Price spread: +0.958% → +0.126%
$83.2
Slippage, 4 orders
−$3.75
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
$573.78
Costs to cover
0.228%
Break-even
from the start
Slippage from Bulk: live order book, 21 min ago; BloFin: live order book, 6 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 Bulk live order book, 21 min ago0.16 bp4.0 bp −$46.5 bp −$6516.5 bp −$1,647doesn't fit
Sell BloFin live order book, 6 min ago0.16 bp6.5 bp −$66.5 bp −$6523.8 bp −$2,384doesn'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-USDlong−0.1995%1h319.47long leg$170K$33310x
dYdX TAO-USD0.0000%1h322.36+0.905%$129K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h322.52+0.956%$22K—150xas long as short
Popdex TAOUSDT+0.0096%1h322.76+1.030%$44K$706K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h322.30+0.886%$26.9M$130.7M50xas long as short
Gate TAO_USDT+0.0100%4h322.60+0.980%$14.4M$52.1M50xas long as short
KuCoin TAOUSDTM+0.0100%4h322.47+0.939%$18.0M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h322.07+0.814%$36.2M$58.1M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.82+0.110%$45K$259K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h322.59+0.977%$86K$1.2M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h322.37+0.908%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h322.35+0.901%$117K$598K20xas long as short
Katana Perps TAO-USD+0.0108%8h322.84+1.055%$1K$1.0M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0117% / S +0.0150%1h322.55+0.965%$431K—100xas long as short
Orderly PERP_TAO_USDC+0.0126%4h322.80+1.042%$53K$292K10xas long as short
Aevo TAO-PERP+0.0128%1h323.24+1.180%$178K$9983xas long as short
edgeX TAOUSDC+0.0172%4h320.52+0.328%$42K$317K10xas long as short
MEXC TAO_USDT+0.0196%4h322.19+0.851%$107.6M$150.8M300xas long as short
Binance TAOUSDT+0.0210%4h322.33+0.895%$93.3M$527.9M75xas long as short
Paradex TAO-USD-PERP+0.0290%8h322.95+1.090%$15K$1K10xas long as short
Phemex TAOUSDT+0.0304%4h322.55+0.964%$3.3M$8.1M50xas long as short
BingX TAO-USDT+0.0324%4h322.39+0.914%—$34.5M—as long as short
Bybit TAOUSDT+0.0342%4h322.54+0.961%$70.9M$155.9M50xas long as short
Aster TAOUSDT+0.0372%4h322.88+1.067%$1.3M$10.9M50xas long as short
Bullet TAO-USD+0.0399%1h322.90+1.074%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0406%4h321.35+0.587%$547K$940K10xas long as short
BloFin TAO-USDTshort+0.0450%4h322.53+0.958%$4.7M$11.1M100x
Extended TAO-USD+0.0472%1h322.79+1.038%$918K$2.4M25xas long as short
Nado TAO-PERP+0.0517%1h322.84+1.056%$802K$2.0M10xas long as short
Pacifica TAO+0.0525%1h322.77+1.032%$367K$423K10xas long as short
Variational Omni TAO+0.0538%4h322.25+0.870%$5.7M$10.2M—as long as short
Phoenix TAO+0.0567%1h321.30+0.573%$320K$709K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0568%1h322.62+0.985%$26K$1.9M25xas long as short
Arcus TAO-USD+0.0641%1h323.00+1.105%$104K$389K5xas long as short
Hyperliquid TAO+0.0666%1h322.47+0.939%$95.3M$109.9M5xas long as short
01 Exchange TAOUSD+0.0680%1h323.61+1.296%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h322.63+0.988%$371—20xas long as short
Backpack TAO_USDC_PERP+0.0749%1h322.34+0.898%$300K$905K10xas long as short
Lighter TAO+0.0800%1h322.62+0.986%$1.6M$6.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h323.67+1.315%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h322.64+0.991%$463K$666K5xas long as short
Kraken Futures PF_TAOUSD+0.1144%1h322.62+0.987%$6.0M$21.8M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.44+1.243%$24K$2K12xas long as short