TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1196%/8h= −131.0% APRnext payment −$1.49 per $10,000 · paid last 24h +0.408%

Price spread now: Extended against Bulk+0.812%7-day average +0.056% · 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+$56as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Bulk Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.469%+$47 on $10k

Price spread, last 4 days (all we have)−0.798%−$80 · spread now +0.812%, 7d avg +0.056%

Together, before fees−0.329%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.756% dearer against Bulk than usual: you sell high and buy low (spread +0.812% now, against its 7-day average of +0.056%): +$76 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 4 days funding on this pair paid +0.469%, 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	317.17	0.1572	pay 0.0196% / 1h	13m 27s	$169K	$0	10x
Short	Extended TAO-USD	319.75	0.0376	get 0.0047% / 1h	13m 27s	$908K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.812%Rate

Funding earned: −$251.14
Price spread: +0.812% → +0.056%: $75.63
Slippage, 4 orders: −$7.36
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$194.86
Costs to cover: 0.194%
Break-even: from the start

Slippage from Bulk: live order book, 25 min ago; Extended: live order book, 5 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, 25 min ago	0.16 bp	3.9 bp −$4	4.0 bp −$40	4.0 bp −$397	doesn't fit
Sell Extended live order book, 5 min ago	2.83 bp	6.2 bp −$6	9.1 bp −$91	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.52	+0.741%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0074%	1h	318.96	+0.563%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.87	+0.851%	$46K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+0.829%	$26.6M	$132.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.40	+0.703%	$14.8M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.65	+0.782%	$18.0M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.39	+0.700%	$35.9M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.41	+0.076%	$46K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.71	+0.801%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.69	+0.479%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.10	+0.293%	$116K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0139%	1h	316.95	−0.068%	$404K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.65	+0.782%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.82	+0.521%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0172%	4h	319.82	+0.836%	$52K	$294K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	319.74	+0.810%	$103.9M	$152.5M	300x	as long as short
Binance TAOUSDT	+0.0180%	4h	319.82	+0.837%	$92.5M	$531.8M	75x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	+0.085%	$42K	$321K	10x	as long as short
BingX TAO-USDT	+0.0258%	4h	319.77	+0.820%	—	$37.2M	—	as long as short
Paradex TAO-USD-PERP	+0.0258%	8h	319.71	+0.802%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0273%	4h	319.97	+0.883%	$70.2M	$157.0M	50x	as long as short
Bullet TAO-USD	+0.0292%	1h	319.62	+0.774%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.69	+0.793%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	318.09	+0.290%	$541K	$907K	10x	as long as short
Aster TAOUSDT	+0.0342%	4h	319.56	+0.754%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USDshort	+0.0376%	1h	319.75	+0.812%	$908K	$2.4M	25x
Phemex TAOUSDT	+0.0413%	4h	318.78	+0.508%	$3.2M	$8.2M	50x	as long as short
BloFin TAO-USDT	+0.0420%	4h	317.47	+0.095%	$4.7M	$10.9M	100x	as long as short
Nado TAO-PERP	+0.0455%	1h	319.80	+0.830%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	320.04	+0.905%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0560%	4h	318.03	+0.270%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0568%	1h	319.77	+0.821%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	318.40	+0.388%	$320K	$703K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	320.25	+0.971%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0687%	1h	319.37	+0.694%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.64	+0.778%	$368	—	20x	as long as short
Hyperliquid TAO	+0.0714%	1h	319.90	+0.860%	$94.5M	$110.6M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0739%	1h	318.93	+0.554%	$15K	$1.9M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.93	+0.554%	$6.0M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.82	+0.837%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.71	+0.486%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USDlong	+0.1572%	1h	317.17	long leg	$169K	$0	10x
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.514%	$23K	$2K	12x	as long as short