TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0250%/8h= +27.4% APRnext payment +$0.31 per $10,000 · paid last 24h +0.003%

Price spread now: Arcus against Pacifica+0.074%7-day average +0.069% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.074%, 7d avg +0.069%

Together, before fees+0.054%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.013% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	313.65	0.0233	pay 0.0029% / 1h	27m 59s	$357K	$419K	10x
Short	Arcus TAO-USD	313.88	0.0483	get 0.0060% / 1h	27m 59s	$101K	$345K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.074%Rate

Funding earned: $52.52
Price spread: +0.074% → +0.069%: $0.5
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $40.52
Costs to cover: 0.125%
Break-even: 1.6 days

Slippage unknown: Pacifica: live order book, 20 min ago; Arcus: live order book, 21 min ago. Net counts fees only.

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 Pacifica live order book, 20 min ago	2.55 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 21 min ago	6.85 bp	10.4 bp −$10	23.5 bp −$235	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.11	−0.170%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0038%	1h	313.44	−0.066%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.54	−0.035%	$90.0M	$508.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.50	−0.047%	$26.2M	$122.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.056%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	−0.143%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.53	−0.038%	$107.7M	$145.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.32	−0.105%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.28	−0.117%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	−0.030%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.30	−0.111%	$89K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.18	−0.149%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.95	−0.223%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	313.50	−0.047%	$1K	$920K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.58	−0.022%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.37	−0.089%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	312.99	−0.211%	$419K	—	100x	as long as short
Popdex TAOUSDT	+0.0144%	1h	313.60	−0.015%	$51K	$667K	20x	as long as short
Phemex TAOUSDT	+0.0195%	4h	313.23	−0.133%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.52	−0.041%	$1.3M	$10.6M	50x	as long as short
Pacifica TAOlong	+0.0233%	1h	313.65	long leg	$357K	$419K	10x
Paradex TAO-USD-PERP	+0.0269%	8h	313.40	−0.078%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0271%	1h	313.38	−0.086%	$771K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.51	−0.044%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0321%	1h	313.45	−0.064%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	+0.240%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.228%	$534K	$923K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0356%	1h	313.32	−0.105%	$15K	$1.8M	25x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.111%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0435%	4h	313.44	−0.066%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0445%	4h	313.64	−0.003%	$68.1M	$152.4M	50x	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.124%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0464%	1h	313.55	−0.031%	$897K	$2.4M	25x	as long as short
Arcus TAO-USDshort	+0.0483%	1h	313.88	+0.074%	$101K	$345K	5x
Phoenix TAO	+0.0513%	1h	314.20	+0.176%	$313K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	−0.103%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	313.95	+0.096%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0805%	1h	313.77	+0.039%	$91.7M	$109.0M	5x	as long as short
Lighter TAO	+0.0816%	1h	313.63	−0.006%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0819%	1h	313.62	−0.009%	$311K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.27	+0.198%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.63	−0.006%	$454K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.859%	$23K	$2K	12x	as long as short