TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0576%/8h= −63.1% APRnext payment −$0.72 per $10,000 · paid last 24h −0.232%

Price spread now: Pacifica against Coinbase International−0.243%7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.522%−$52 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.243%, 7d avg −0.176%

Together, before fees−0.475%+ Points / potential airdropPacifica: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Pacifica is 0.067% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.176%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	317.08	0.1024	pay 0.0128% / 1h	5m 59s	$1.5M	$6.8M	50x
Short	Pacifica TAO	316.31	0.0448	get 0.0056% / 1h	5m 59s	$372K	$413K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PacificabpOrdersPrice spread, now −0.243%Rate

Funding earned: −$120.98
Price spread: −0.243% → −0.176%: −$6.66
Slippage, 4 orders: −$30.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$176.23
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 57 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 Coinbase International live order book, 3 min ago	9.76 bp	14.8 bp −$15	20.8 bp −$208	doesn't fit	doesn't fit
Sell Pacifica live order book, 57 min ago	3.77 bp	10.5 bp −$11	doesn't fit	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
Bulk TAO-USD	−0.1916%	1h	325.17	+2.551%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.01	−0.337%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.72	−0.430%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.25	−0.262%	$40K	$687K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.19	−0.281%	$91.9M	$490.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	−0.341%	$26.0M	$119.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.90	−0.372%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.21	−0.274%	$104.6M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.81	−0.401%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.03	−0.331%	$35.3M	$56.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.23	+0.046%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.15	−0.293%	$88K	$797K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.61	−0.464%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.95	−0.356%	$109K	$529K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.95	−0.358%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	315.96	−0.353%	$673	$778K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	315.70	−0.435%	$57K	$275K	10x	as long as short
Bullet TAO-USD	+0.0143%	1h	316.03	−0.331%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0156% / S +0.0113%	1h	315.72	−0.430%	$428K	—	100x	as long as short
Phemex TAOUSDT	+0.0177%	4h	315.92	−0.366%	$3.2M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0178%	4h	317.27	+0.060%	$528K	$965K	10x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	316.52	−0.177%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0248%	1h	315.87	−0.381%	$5.6M	$20.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0249%	1h	315.89	−0.375%	$15K	$1.7M	25x	as long as short
Aster TAOUSDT	+0.0270%	4h	315.80	−0.402%	$1.2M	$10.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.76	−0.416%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0349%	1h	316.96	−0.038%	$47K	$252K	50x	as long as short
Bybit TAOUSDT	+0.0382%	4h	316.21	−0.274%	$69.3M	$146.1M	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	316.16	−0.290%	—	$30.4M	—	as long as short
Pacifica TAOshort	+0.0448%	1h	316.31	−0.243%	$372K	$413K	10x
Phoenix TAO	+0.0504%	1h	317.70	+0.196%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.58	−0.158%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0577%	1h	316.39	−0.218%	$825K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0600%	1h	315.76	−0.416%	$927K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	316.19	−0.281%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.08	−0.315%	$363	—	20x	as long as short
Lighter TAO	+0.0712%	1h	316.21	−0.275%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0758%	4h	315.94	−0.358%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0833%	1h	316.24	−0.265%	$314K	$927K	10x	as long as short
Hyperliquid TAO	+0.0959%	1h	316.25	−0.263%	$95.5M	$104.2M	5x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.1024%	1h	317.08	long leg	$1.5M	$6.8M	50x
RISEx TAO/USDC	+0.1159%	1h	316.26	−0.257%	$436K	$661K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.432%	$23K	$2K	12x	as long as short