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

TAO

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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.242%
Price spread now: Coinbase International against OKX+0.451%7-day average +0.210% · you sell dearer than you buy
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$500.505% of the position
Long on OKXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.601%+$60 on $10k
Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.451%, 7d avg +0.210%
Together, before fees+0.283%+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.241% dearer against OKX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.210%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.601% in total (about 31.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TAO-USDT-SWAP314.700.0100pay 0.0100% / 8h4h 12m$26.0M$120.5M50x
ShortCoinbase International TAO-PERP-INTX316.120.1008get 0.0126% / 1h12m 30s$1.5M$6.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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
$190.68
Price spread: +0.451% → +0.210%
$24.11
Slippage, 4 orders
−$30.45
Fee OKX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$164.33
Costs to cover
0.505%
Break-even
1.0 days
Slippage from OKX: live order book, 1 min ago; Coinbase International: live order book, 2 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 OKX live order book, 1 min ago1.59 bp9.5 bp −$1017.5 bp −$17571.3 bp −$7,128doesn't fit
Sell Coinbase International live order book, 2 min ago11.10 bp16.1 bp −$1621.2 bp −$212doesn'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%1h314.80+0.031%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.63−0.024%$20K—150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h314.92+0.071%$5.5M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h314.75+0.016%$43K$668K20xas long as short
Katana Perps TAO-USD+0.0098%8h314.76+0.019%$644$799K5xas long as short
Binance TAOUSDT+0.0100%4h314.73+0.010%$90.9M$495.0M75xas long as short
Bybit TAOUSDT+0.0100%4h314.79+0.029%$67.8M$149.0M50xas long as short
OKX TAO-USDT-SWAPlong+0.0100%8h314.70long leg$26.0M$120.5M50x
Gate TAO_USDT+0.0100%4h314.700.000%$12.9M$50.1M50xas long as short
MEXC TAO_USDT+0.0100%4h314.89+0.060%$110.8M$144.2M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h314.83+0.041%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.71+0.003%$35.2M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h314.94+0.076%—$32.8M—as long as short
edgeX TAOUSDC+0.0100%4h315.09+0.123%$42K$313K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.71+0.002%$521K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.38+0.216%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.64−0.019%$77K$859K5xas long as short
Bullet TAO-USD+0.0100%1h314.90+0.063%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.67−0.010%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.31−0.124%$109K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h314.81+0.035%$3.2M$8.1M50xas long as short
Bulk TAO-USD+0.0100%1h314.68−0.006%$167K$2K10xas long as short
Aevo TAO-PERP+0.0104%1h314.85+0.049%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0132%4h314.84+0.044%$52K$271K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0145% / S +0.0122%1h314.66−0.014%$428K—100xas long as short
Paradex TAO-USD-PERP+0.0155%8h314.96+0.082%$14K$1K10xas long as short
Aster TAOUSDT+0.0172%4h314.78+0.027%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0200%1h314.80+0.032%$923K$2.4M25xas long as short
Nado TAO-PERP+0.0214%1h314.83+0.043%$800K$2.2M10xas long as short
Hyperliquid TAO+0.0270%1h315.05+0.111%$92.7M$106.6M5xas long as short
01 Exchange TAOUSD+0.0328%1h315.09+0.124%$3K$4K5xas long as short
BloFin TAO-USDT+0.0340%4h315.08+0.121%$4.6M$10.9M100xas long as short
Lighter TAO+0.0344%1h315.17+0.149%$1.5M$6.5M5xas long as short
Backpack TAO_USDC_PERP+0.0345%1h314.96+0.083%$315K$913K10xas long as short
Arcus TAO-USD+0.0345%1h315.20+0.159%$99K$438K5xas long as short
Pacifica TAO+0.0365%1h314.99+0.092%$359K$412K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0377%1h314.98+0.088%$23K$1.7M25xas long as short
Variational Omni TAO+0.0461%4h315.17+0.149%$5.7M$9.9M—as long as short
Phoenix TAO+0.0581%1h315.10+0.127%$314K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.86+0.049%$362—20xas long as short
RISEx TAO/USDC+0.0991%1h314.97+0.086%$437K$653K5xas long as short
Coinbase International TAO-PERP-INTXshort+0.1008%1h316.12+0.451%$1.5M$6.7M50x
Injective TAO/USDC PERP+0.4222%1h318.19+1.109%$23K$2K12xas long as short