TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against edgeX−0.150%50s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.335% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.150%, 7d avg +0.004%

Together, before fees−0.005%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.154% cheaper against edgeX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	320.99	0.0197	pay 0.0099% / 4h	1h 12m	$42K	$319K	10x
Short	Binance TAOUSDT	320.51	0.0194	get 0.0097% / 4h	1h 12m	$93.0M	$527.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.150%Rate

Funding earned: −$0.75
Price spread: −0.150% → +0.004%: −$15.43
Slippage, 4 orders: −$14.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$49.71
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; Binance: live order book, 16 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 edgeX live order book, 30 min ago	4.70 bp	9.2 bp −$9	21.8 bp −$218	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.16 bp	7.8 bp −$8	13.8 bp −$138	26.0 bp −$2,598	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	−0.2264%	1h	322.24	+0.391%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.24	−0.233%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.10	−0.278%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.41	−0.180%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.40	−0.183%	$26.9M	$130.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.00	−0.308%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.36	−0.196%	$18.1M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.10	−0.277%	$36.0M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.94	−0.015%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.28	−0.221%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.14	−0.264%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.95	−0.323%	$116K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.42	−0.177%	$727	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0115% / S +0.0155%	1h	320.09	−0.281%	$423K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	320.27	−0.224%	$53K	$293K	10x	as long as short
Aevo TAO-PERP	+0.0128%	1h	320.46	−0.165%	$176K	$998	3x	as long as short
MEXC TAO_USDT	+0.0192%	4h	320.45	−0.168%	$107.4M	$151.2M	300x	as long as short
Binance TAOUSDTshort	+0.0194%	4h	320.51	−0.150%	$93.0M	$527.7M	75x
edgeX TAOUSDClong	+0.0197%	4h	320.99	long leg	$42K	$319K	10x
Paradex TAO-USD-PERP	+0.0260%	8h	320.58	−0.127%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0285%	4h	320.59	−0.124%	$70.4M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0316%	4h	320.23	−0.236%	—	$35.0M	—	as long as short
Bullet TAO-USD	+0.0332%	1h	320.42	−0.178%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0360%	4h	320.48	−0.157%	$1.3M	$10.9M	50x	as long as short
Phemex TAOUSDT	+0.0375%	4h	320.49	−0.155%	$3.3M	$8.1M	50x	as long as short
Extended TAO-USD	+0.0392%	1h	320.18	−0.250%	$913K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	320.90	−0.028%	$544K	$929K	10x	as long as short
BloFin TAO-USDT	+0.0434%	4h	320.57	−0.130%	$4.7M	$11.1M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0475%	1h	320.35	−0.198%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0517%	1h	320.35	−0.198%	$796K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0519%	4h	320.56	−0.134%	$5.7M	$10.2M	—	as long as short
Pacifica TAO	+0.0525%	1h	320.52	−0.146%	$365K	$428K	10x	as long as short
Phoenix TAO	+0.0567%	1h	320.70	−0.090%	$319K	$709K	5x	as long as short
Hyperliquid TAO	+0.0634%	1h	320.68	−0.096%	$94.9M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	320.67	−0.099%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.55	−0.137%	$103K	$389K	5x	as long as short
Lighter TAO	+0.0656%	1h	320.60	−0.120%	$1.6M	$6.8M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.42	−0.176%	$368	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0701%	1h	320.46	−0.165%	$299K	$905K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.77	+0.244%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.36	−0.197%	$442K	$674K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1152%	1h	320.48	−0.160%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.543%	$24K	$2K	12x	as long as short