Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0691%/8h= −75.6% APRnext payment $0.86 per $10,000 · paid last 24h −0.048%
Price spread now: Pacifica against Extended+0.049%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$310.312% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.049%, 7d avg +0.052%
Together, before fees−0.037%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD307.540.0976pay 0.0122% / 1h42m 38s$885K$2.4M25x
ShortPacifica TAO307.690.0285get 0.0036% / 1h42m 38s$363K$378K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$145.05
Price spread: +0.049% → +0.052%
−$0.27
Slippage, 4 orders
−$18.2
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$176.52
Costs to cover
0.312%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Pacifica: live order book, 26 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, 1 min ago2.10 bp6.1 bp −$67.8 bp −$78doesn't fitdoesn't fit
Sell Pacifica live order book, 26 min ago3.00 bp9.3 bp −$9doesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h307.35−0.062%$123K$87K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0002%1h308.57+0.333%$12K150xas long as short
Popdex TAOUSDT+0.0096%1h307.72+0.058%$45K$604K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0096%1h308.53+0.323%$15K$1.5M25xas long as short
Binance TAOUSDT+0.0100%4h307.74+0.064%$88.8M$459.3M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.80+0.084%$25.1M$107.9M50xas long as short
Gate TAO_USDT+0.0100%4h307.40−0.046%$12.5M$49.6M50xas long as short
MEXC TAO_USDT+0.0100%4h307.48−0.020%$100.5M$137.1M300xas long as short
KuCoin TAOUSDTM+0.0100%4h307.55+0.002%$17.9M$30.0M75xas long as short
Bitget TAOUSDT+0.0100%4h307.40−0.046%$34.4M$52.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h309.63+0.677%$34K$300K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h309.02+0.481%$515K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h309.89+0.763%$46K$267K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h308.47+0.301%$56K$284K10xas long as short
SunX TAO-USDT+0.0100%4h308.86+0.428%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h309.08+0.500%$127K$470K20xas long as short
Aevo TAO-PERP+0.0104%1h309.75+0.718%$170K$9983xas long as short
Katana Perps TAO-USD+0.0116%8h307.88+0.110%$1K$675K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0170% / S +0.0092%1h308.63+0.354%$426K100xas long as short
Kraken Futures PF_TAOUSD+0.0171%1h308.45+0.296%$5.5M$20.3M50xas long as short
Aster TAOUSDT+0.0179%4h307.60+0.019%$1.3M$9.1M50xas long as short
Bullet TAO-USD+0.0241%1h309.08+0.501%$12K$17K20xas long as short
Polymarket Perps TAO-USD+0.0262%1h309.06+0.493%$77K$643K5xas long as short
Paradex TAO-USD-PERP+0.0274%8h307.62+0.027%$14K$1K10xas long as short
Pacifica TAOshort+0.0285%1h307.69+0.049%$363K$378K10x
Arcus TAO-USD+0.0337%1h307.85+0.100%$81K$551K5xas long as short
BloFin TAO-USDT+0.0340%4h311.16+1.176%$4.4M$10.7M100xas long as short
Phemex TAOUSDT+0.0412%4h308.20+0.214%$3.4M$8.0M50xas long as short
Injective TAO/USDC PERP+0.0470%1h315.63+2.630%$23K$2K12xas long as short
Phoenix TAO+0.0588%1h309.80+0.734%$324K$681K5xas long as short
Nado TAO-PERP+0.0599%1h307.84+0.097%$751K$2.1M10xas long as short
01 Exchange TAOUSD+0.0656%1h307.96+0.136%$3K$4K5xas long as short
Variational Omni TAO+0.0696%4h309.05+0.489%$5.4M$8.8Mas long as short
Reya TAORUSDPERP+0.0696%1h309.01+0.477%$35520xas long as short
BingX TAO-USDT+0.0740%4h307.57+0.009%$31.0Mas long as short
Bybit TAOUSDT+0.0831%4h307.97+0.139%$62.9M$135.6M50xas long as short
Backpack TAO_USDC_PERP+0.0864%1h308.27+0.236%$311K$814K10xas long as short
Extended TAO-USDlong+0.0976%1h307.54long leg$885K$2.4M25x
Coinbase International TAO-PERP-INTX+0.1024%1h309.88+0.760%$1.5M$6.3M50xas long as short
RISEx TAO/USDC+0.1132%1h307.72+0.057%$410K$604K5xas long as short
Hyperliquid TAO+0.1275%1h308.02+0.155%$97.7M$93.0M5xas long as short
Lighter TAO+0.1392%1h307.94+0.129%$1.6M$6.0M5xas long as short
Bulk TAO-USD+0.3743%1h312.40+1.579%$166K$40K10xas long as short