TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.004%

Price spread now: edgeX against KuCoin−0.026%83s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as 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−$490.488% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.424%+$42 · spread now −0.026%, 7d avg −0.010%

Together, before fees+0.403%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 83 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	KuCoin TAOUSDTM	315.89	0.0100	pay 0.0050% / 4h	1h 44m	$17.5M	$31.3M	75x
Short	edgeX TAOUSDC	315.81	0.0136	get 0.0068% / 4h	1h 44m	$42K	$324K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.026%Rate

Funding earned: $7.51
Price spread: −0.026% → −0.010%: −$1.51
Slippage, 4 orders: −$27.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.78
Costs to cover: 0.488%
Break-even: 46.9 days

Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 2 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 KuCoin live order book, 3 min ago	1.42 bp	15.9 bp −$16	27.7 bp −$277	84.2 bp −$8,419	doesn't fit
Sell edgeX live order book, 2 min ago	6.34 bp	11.0 bp −$11	24.0 bp −$240	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	315.42	−0.149%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.46	−0.136%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	+0.035%	$26.8M	$128.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.60	−0.092%	$15.7M	$47.6M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	315.89	long leg	$17.5M	$31.3M	75x
Bitget TAOUSDT	+0.0100%	4h	315.71	−0.057%	$35.8M	$55.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.83	−0.019%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.12	−0.244%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.09	−0.253%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.18	−0.225%	$112K	$567K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.29	−0.190%	$889	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	315.71	−0.056%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0128%	4h	316.00	+0.035%	$69.1M	$155.6M	50x	as long as short
Binance TAOUSDT	+0.0133%	4h	315.95	+0.018%	$92.9M	$510.9M	75x	as long as short
MEXC TAO_USDT	+0.0134%	4h	315.96	+0.022%	$105.9M	$147.8M	300x	as long as short
edgeX TAOUSDCshort	+0.0136%	4h	315.81	−0.026%	$42K	$324K	10x
BingX TAO-USDT	+0.0138%	4h	315.96	+0.022%	—	$38.0M	—	as long as short
Lighter TAO	+0.0192%	1h	315.98	+0.029%	$1.6M	$6.6M	5x	as long as short
Paradex TAO-USD-PERP	+0.0199%	8h	315.39	−0.157%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0200%	1h	315.87	−0.007%	$954K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	315.45	−0.139%	$373K	$456K	10x	as long as short
Phemex TAOUSDT	+0.0243%	4h	315.81	−0.025%	$3.2M	$8.2M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	316.07	+0.056%	$539K	$795K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0252%	4h	315.89	0.000%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0255%	1h	315.72	−0.054%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0298%	4h	315.90	+0.002%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	315.25	−0.202%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	315.50	−0.123%	$4.9M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0379%	1h	315.44	−0.142%	$693K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0411%	1h	315.87	−0.005%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0452%	4h	315.92	+0.011%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0482%	1h	316.05	+0.051%	$95.1M	$107.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.65	−0.076%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	315.65	−0.076%	$99K	$310K	5x	as long as short
Bulk TAO-USD	+0.0627%	1h	316.13	+0.076%	$168K	$0	10x	as long as short
Phoenix TAO	+0.0650%	1h	316.10	+0.066%	$318K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0656%	1h	316.07	+0.057%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.20	−0.217%	$435K	$671K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.59	−0.095%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	315.53	−0.114%	$363	—	20x	as long as short
dYdX TAO-USD	+0.0774%	1h	315.21	−0.217%	$266K	$230K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0932%	1h	316.03	+0.044%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	320.28	+1.390%	$23K	$2K	12x	as long as short