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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 11:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h −0.008%
Price spread now: BloFin against Extended+0.020%54s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as 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−$300.299% of the position
Long on ExtendedShort on BloFin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.301%+$30 on $10k
Price spread, last 4 days (all we have)+0.118%+$12 · spread now +0.020%, 7d avg +0.057%
Together, before fees+0.419%+ Points / potential airdropExtended: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.038% cheaper against Extended than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.057%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.301% in total) that is about 21 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD314.870.0104pay 0.0013% / 1h2m 17s$947K$2.0M25x
ShortBloFin TAO-USDT314.930.0398get 0.0199% / 4h1h 02m$4.9M$10.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$61.82
Price spread: +0.020% → +0.057%
−$3.77
Slippage, 4 orders
−$12.89
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
$28.16
Costs to cover
0.299%
Break-even
3.8 days
Slippage from Extended: live order book, 4 min ago; BloFin: live order book, 5 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 Extended live order book, 4 min ago2.54 bp5.0 bp −$57.5 bp −$75doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.16 bp8.3 bp −$815.3 bp −$15334.3 bp −$3,427doesn't fit

TAO on 43 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h314.40−0.150%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h314.99+0.039%$54K$634K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.90+0.010%$26.9M$126.5M50xas long as short
Gate TAO_USDT+0.0100%4h314.60−0.085%$16.1M$48.8M50xas long as short
KuCoin TAOUSDTM+0.0100%4h314.85−0.006%$17.4M$31.1M75xas long as short
Bitget TAOUSDT+0.0100%4h314.70−0.054%$35.6M$55.1M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.69−0.057%$45K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.90+0.010%$69K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h314.67−0.063%$1K$1.7M20xas long as short
HTX TAO-USDT+0.0100%4h314.29−0.184%$112K$547K20xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USD+0.0102%8h314.68−0.060%$1K$1.3M5xas long as short
Extended TAO-USDlong+0.0104%1h314.87long leg$947K$2.0M25x
Aevo TAO-PERP+0.0120%1h315.04+0.053%$173K$9983xas long as short
edgeX TAOUSDC+0.0153%4h314.61−0.082%$42K$325K10xas long as short
MEXC TAO_USDT+0.0158%4h314.98+0.035%$111.0M$150.8M300xas long as short
Binance TAOUSDT+0.0161%4h314.99+0.040%$93.4M$508.6M75xas long as short
Pacifica TAO+0.0240%1h314.84−0.009%$372K$455K10xas long as short
Phemex TAOUSDT+0.0242%4h314.81−0.019%$3.2M$8.2M50xas long as short
Lighter TAO+0.0256%1h314.89+0.006%$1.5M$6.8M5xas long as short
GRVT TAO_USDT_Perp+0.0266%4h314.86−0.002%$535K$786K10xas long as short
Orderly PERP_TAO_USDC+0.0274%4h314.86−0.003%$53K$262K10xas long as short
Paradex TAO-USD-PERP+0.0284%8h314.84−0.010%$14K$76910xas long as short
BingX TAO-USDT+0.0310%4h314.92+0.016%—$37.7M—as long as short
Bullet TAO-USD+0.0318%1h314.99+0.040%$12K$16K20xas long as short
Aster TAOUSDT+0.0327%4h314.98+0.036%$1.2M$11.3M50xas long as short
Bybit TAOUSDT+0.0339%4h315.15+0.089%$69.4M$154.5M50xas long as short
Nado TAO-PERP+0.0350%1h314.99+0.039%$670K$2.0M10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0359% / S −0.0107%1h314.52−0.111%$369K—100xas long as short
dYdX TAO-USD+0.0386%1h314.41−0.146%$265K$230K5xas long as short
BloFin TAO-USDTshort+0.0398%4h314.93+0.020%$4.9M$10.5M100x
Variational Omni TAO+0.0539%4h314.94+0.023%$5.8M$9.9M—as long as short
Hyperliquid TAO+0.0549%1h315.09+0.070%$94.5M$105.0M5xas long as short
Arcus TAO-USD+0.0610%1h315.18+0.099%$99K$287K5xas long as short
01 Exchange TAOUSD+0.0624%1h315.49+0.197%$3K$2K5xas long as short
Phoenix TAO+0.0650%1h315.20+0.105%$317K$710K5xas long as short
RISEx TAO/USDC+0.0666%1h314.78−0.030%$440K$656K5xas long as short
Coinbase International TAO-PERP-INTX+0.0688%1h315.56+0.220%$1.1M$7.5M50xas long as short
Reya TAORUSDPERP+0.0699%1h314.76−0.033%$362—20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0731%1h314.87+0.002%$30K$1.9M25xas long as short
Backpack TAO_USDC_PERP+0.0768%1h314.88+0.004%$296K$1.1M10xas long as short
Bulk TAO-USD+0.0916%1h314.85−0.007%$167K$66210xas long as short
Kraken Futures PF_TAOUSD+0.0936%1h314.84−0.008%$6.3M$19.5M50xas long as short
Injective TAO/USDC PERP+0.4405%1h318.16+1.045%$23K$2K12xas long as short