TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.007%

Price spread now: Arcus against Popdex+0.062%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Popdex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.062%, 7d avg +0.076%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$12 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 0.019% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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	Popdex TAOUSDT	324.09	0.0096	pay 0.0012% / 1h	26m 31s	$34K	$676K	20x
Short	Arcus TAO-USD	324.29	0.0509	get 0.0064% / 1h	26m 31s	$101K	$487K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Popdex. 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 PopdexbpFee ArcusbpOrdersPrice spread, now +0.062%Rate

Funding earned: $86.71
Price spread: +0.062% → +0.076%: −$1.39
Slippage, 4 orders: −$35.4
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $39.02
Costs to cover: 0.463%
Break-even: 3.8 days

Slippage from Popdex: live order book, 38 min ago; Arcus: live order book, 37 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 Popdex live order book, 38 min ago	2.04 bp	9.1 bp −$9	77.1 bp −$771	doesn't fit	doesn't fit
Sell Arcus live order book, 37 min ago	7.52 bp	11.8 bp −$12	25.3 bp −$253	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	−0.5583%	1h	316.49	−2.345%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.00	−0.336%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.43	−0.512%	$21K	—	150x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	324.09	long leg	$34K	$676K	20x
Binance TAOUSDT	+0.0100%	4h	324.04	−0.015%	$94.7M	$479.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.90	−0.059%	$26.7M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	−0.275%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.47	−0.191%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.35	−0.228%	$18.1M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.53	−0.173%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	323.11	−0.303%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.84	−0.077%	$87K	$792K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.61	−0.457%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.86	−0.380%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.00	−0.336%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	322.96	−0.348%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	322.75	−0.413%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	323.99	−0.031%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	322.37	−0.532%	$447K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.76	−0.412%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	−0.327%	$536K	$964K	10x	as long as short
Bullet TAO-USD	+0.0276%	1h	322.80	−0.398%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0302%	8h	323.59	−0.154%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.71	−0.117%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.47	−0.190%	$1.1M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0429%	1h	322.73	−0.418%	$21K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	323.52	−0.174%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.30	+0.065%	$339K	$707K	5x	as long as short
Arcus TAO-USDshort	+0.0509%	1h	324.29	+0.062%	$101K	$487K	5x
Bybit TAOUSDT	+0.0546%	4h	324.23	+0.043%	$71.0M	$143.7M	50x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.78	−0.096%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0575%	1h	323.90	−0.059%	$793K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.67	−0.131%	$372	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	−0.083%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	324.51	+0.130%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0840%	1h	323.85	−0.076%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	−0.074%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.78	−0.095%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.089%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.48	−0.188%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.16	+0.022%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1252%	1h	324.06	−0.009%	$102.0M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.222%	$24K	$2K	12x	as long as short