TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.17 per $10,000 · paid last 24h +0.014%

Price spread now: Aevo against Deribit+0.028%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1411.415% of the position

Long on Deribit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.028%, 7d avg +0.004%

Together, before fees+0.179%+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.024% dearer against Deribit than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of +0.004%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.218%, 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	Deribit TAO_USDC-PERPETUAL	303.43	0.0242	pay 0.0030% / 1h	46m 48s	$22K	$1.4M	25x
Short	Aevo TAO-PERP	303.51	0.0104	get 0.0013% / 1h	46m 48s	$167K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now +0.028%Rate

Funding earned: −$28.98
Price spread: +0.028% → +0.004%: $2.39
Slippage, 4 orders: −$118.48
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$168.07
Costs to cover: 1.415%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Aevo: live order book, 37 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 Deribit live order book, 2 min ago	7.39 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 37 min ago	41.20 bp	58.9 bp −$59	333.9 bp −$3,339	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	−0.0466%	1h	307.38	+1.303%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.07	+0.212%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.10	−0.108%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.78	+0.116%	$43K	$534K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.42	−0.003%	$85.2M	$409.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.42	−0.002%	$58.8M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.40	−0.009%	$24.4M	$94.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.34	+0.301%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.40	−0.009%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.63	+0.067%	$120.7M	$124.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.32	−0.035%	$18.2M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.24	−0.062%	$34.0M	$45.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.44	+0.004%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.07	+0.541%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.88	+0.480%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.81	+0.456%	$504K	$977K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.70	+0.090%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.35	−0.027%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.39	−0.012%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.44	+0.004%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.89	+0.153%	$120K	$356K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.44	+0.004%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	303.51	+0.028%	$167K	$998	3x
ApeX Omni TAOUSDT	+0.0106%	1h	303.70	+0.090%	$46K	$269K	50x	as long as short
Aster TAOUSDT	+0.0110%	4h	303.51	+0.028%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	303.80	+0.123%	$2K	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	304.13	+0.232%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.06	+0.209%	$359K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.15	−0.091%	$433K	—	100x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0242%	1h	303.43	long leg	$22K	$1.4M	25x
Lighter TAO	+0.0328%	1h	303.49	+0.019%	$1.6M	$5.2M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.45	+0.008%	$4.3M	$9.3M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0380%	1h	303.52	+0.031%	$376K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	304.06	+0.209%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0456%	1h	303.54	+0.038%	$826K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	+0.156%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.45	+0.007%	$349	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.59	+0.054%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.607%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1042%	1h	303.26	−0.055%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.14	+0.235%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1306%	1h	303.77	+0.113%	$93.1M	$79.5M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.748%	$22K	$264	12x	as long as short