TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0488%/8h= +53.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.175%

Price spread now: Coinbase International against Extended+0.296%7-day average +0.225% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.296%, 7d avg +0.225%

Together, before fees+0.407%+ Points / potential airdropExtended: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Coinbase International is 0.071% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.225%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	322.45	0.0456	pay 0.0057% / 1h	20m 17s	$918K	$2.4M	25x
Short	Coinbase International TAO-PERP-INTX	323.40	0.0944	get 0.0118% / 1h	20m 17s	$1.5M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.296%Rate

Funding earned: $102.48
Price spread: +0.296% → +0.225%: $7.08
Slippage, 4 orders: −$25.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $69.01
Costs to cover: 0.406%
Break-even: 2.3 days

Slippage from Extended: live order book, 3 min ago; Coinbase International: live order book, 4 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 Extended live order book, 3 min ago	2.78 bp	5.6 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	8.36 bp	13.4 bp −$13	19.4 bp −$194	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	−0.2264%	1h	322.24	−0.063%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.48	+0.011%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	+0.025%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.80	+0.110%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.20	−0.076%	$27.0M	$130.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.50	+0.017%	$14.5M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.68	+0.073%	$18.1M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.28	−0.051%	$36.2M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.85	+0.126%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.64	+0.060%	$86K	$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	322.30	−0.045%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.25	−0.061%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.66	+0.067%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0116% / S +0.0151%	1h	322.29	−0.048%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	322.58	+0.042%	$54K	$293K	10x	as long as short
Aevo TAO-PERP	+0.0136%	1h	322.67	+0.070%	$177K	$998	3x	as long as short
edgeX TAOUSDC	+0.0198%	4h	322.77	+0.101%	$43K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0206%	4h	322.64	+0.060%	$107.9M	$151.0M	300x	as long as short
Binance TAOUSDT	+0.0208%	4h	322.66	+0.067%	$93.7M	$527.9M	75x	as long as short
Paradex TAO-USD-PERP	+0.0284%	8h	322.57	+0.037%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0290%	4h	322.65	+0.064%	$3.3M	$8.1M	50x	as long as short
Bybit TAOUSDT	+0.0331%	4h	322.56	+0.036%	$70.9M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0346%	4h	322.56	+0.036%	—	$34.6M	—	as long as short
Aster TAOUSDT	+0.0373%	4h	322.76	+0.097%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0381%	1h	322.61	+0.051%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0436%	4h	322.51	+0.019%	$547K	$937K	10x	as long as short
BloFin TAO-USDT	+0.0448%	4h	323.00	+0.172%	$4.7M	$11.2M	100x	as long as short
Extended TAO-USDlong	+0.0456%	1h	322.45	long leg	$918K	$2.4M	25x
Nado TAO-PERP	+0.0513%	1h	322.53	+0.026%	$801K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.52	+0.024%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	+0.131%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.355%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0597%	1h	322.52	+0.024%	$26K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	323.02	+0.178%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0664%	1h	322.97	+0.163%	$95.5M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	322.98	+0.166%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	322.56	+0.035%	$371	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0742%	1h	322.47	+0.008%	$300K	$905K	10x	as long as short
Lighter TAO	+0.0768%	1h	322.76	+0.097%	$1.6M	$6.8M	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0944%	1h	323.40	+0.296%	$1.5M	$6.9M	50x
RISEx TAO/USDC	+0.1077%	1h	322.52	+0.023%	$461K	$667K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.73	+0.088%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.309%	$24K	$2K	12x	as long as short