Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.2305%/8h= −252.4% APRnext payment −$2.88 per $10,000 · paid last 24h −0.528%
Price spread now: Bulk against Coinbase International+0.138%7-day average −0.297% · 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+$5as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Long on Coinbase InternationalShort on Bulk
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.799%−$80 on $10k
Price spread, last 3 days (all we have)−0.525%−$53 · spread now +0.138%, 7d avg −0.297%
Together, before fees−1.324%−$132 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.436% dearer against Coinbase International than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of −0.297%): +$44 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.799% in total) that is about 45 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International TAO-PERP-INTX317.780.0984pay 0.0123% / 1h26m 25s$1.5M$6.3M50x
ShortBulk TAO-USD318.22−0.1321pay 0.0165% / 1h26m 25s$169K$44K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk against Coinbase International. 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
−$484.03
Price spread: +0.138% → −0.297%
$43.59
Slippage, 4 orders
−$21.41
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
−$478.85
Costs to cover
0.384%
Break-even
from the start
Slippage from Coinbase International: live order book, 3 min ago; Bulk: live order book, 47 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 Coinbase International live order book, 3 min ago7.52 bp14.8 bp −$1521.5 bp −$215doesn't fitdoesn't fit
Sell Bulk live order book, 47 min ago0.16 bp4.6 bp −$511.3 bp −$11321.0 bp −$2,098doesn'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-USDshort−0.1321%1h318.22+0.138%$169K$44K10x
dYdX TAO-USD0.0000%1h316.45−0.419%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h317.94+0.049%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h317.89+0.035%$43K$590K20xas long as short
Binance TAOUSDT+0.0100%4h318.17+0.123%$91.5M$447.3M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.10+0.101%$26.0M$108.6M50xas long as short
Gate TAO_USDT+0.0100%4h317.80+0.006%$12.9M$50.7M50xas long as short
MEXC TAO_USDT+0.0100%4h318.00+0.069%$108.7M$135.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h317.86+0.025%$18.2M$29.2M75xas long as short
Bitget TAOUSDT+0.0100%4h318.03+0.079%$35.4M$50.8M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h317.29−0.156%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.49+0.224%$527K$969K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.11+0.104%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.66−0.352%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.26−0.164%$127K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h316.69−0.343%$3.4M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h318.35+0.180%$175K$9983xas long as short
Katana Perps TAO-USD+0.0111%8h317.73−0.016%$735$625K5xas long as short
Bullet TAO-USD+0.0118%1h318.21+0.136%$12K$17K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0093%1h317.99+0.067%$457K—100xas long as short
Pacifica TAO+0.0185%1h316.72−0.333%$375K$376K10xas long as short
Arcus TAO-USD+0.0201%1h317.74−0.013%$84K$550K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0215%1h316.92−0.270%$17K$1.5M25xas long as short
Aster TAOUSDT+0.0220%4h317.24−0.170%$1.1M$8.5M50xas long as short
Paradex TAO-USD-PERP+0.0233%8h316.97−0.254%$14K$1K10xas long as short
ApeX Omni TAOUSDT+0.0296%1h317.11−0.211%$48K$266K50xas long as short
Polymarket Perps TAO-USD+0.0301%1h318.33+0.173%$93K$635K5xas long as short
BloFin TAO-USDT+0.0340%4h317.04−0.233%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0398%4h318.24+0.145%—$30.7M—as long as short
Bybit TAOUSDT+0.0429%4h318.46+0.214%$65.6M$133.0M50xas long as short
Variational Omni TAO+0.0460%4h318.45+0.212%$5.5M$8.7M—as long as short
Kraken Futures PF_TAOUSD+0.0484%1h316.74−0.328%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h318.50+0.227%$333K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.633%$23K$67812xas long as short
01 Exchange TAOUSD+0.0600%1h317.90+0.038%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h318.01+0.073%$366—20xas long as short
Nado TAO-PERP+0.0781%1h318.05+0.086%$885K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0848%1h316.78−0.315%$320K$818K10xas long as short
Coinbase International TAO-PERP-INTXlong+0.0984%1h317.78long leg$1.5M$6.3M50x
RISEx TAO/USDC+0.1141%1h317.77−0.002%$422K$591K5xas long as short
Extended TAO-USD+0.1144%1h317.38−0.125%$921K$2.3M25xas long as short
Lighter TAO+0.1392%1h317.26−0.164%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2069%1h318.49+0.223%$102.6M$91.2M5xas long as short