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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 10:00 UTC−0.0541%/8h= −59.2% APRpaid last 24h −0.174%
Price spread now: edgeX against Reya+0.406%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on edgeX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · edgeX: Active · farm boardneeds both histories
The price spread pays, funding is against you. edgeX is 0.406% dearer against Reya than usual: you sell high and buy low (spread +0.406% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya TAORUSDPERP322.170.0699pay 0.0087% / 1h56m 13s$370—20x
ShortedgeX TAOUSDC323.480.0158get 0.0079% / 4h2h 56m$43K$321K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Reya. 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
−$113.53
Price spread: +0.406% → 0.000%
$40.58
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$87.95
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; edgeX: live order book, 37 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell edgeX live order book, 37 min ago4.76 bp9.3 bp −$922.9 bp −$229doesn't fitdoesn't fit
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bulk TAO-USD−0.0985%1h321.65−0.162%$171K$010xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h324.21+0.633%$20K—150xas long as short
Bybit TAOUSDT+0.0100%4h322.170.000%$70.9M$155.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h321.90−0.084%$26.9M$130.9M50xas long as short
Gate TAO_USDT+0.0100%4h322.10−0.022%$15.4M$47.9M50xas long as short
KuCoin TAOUSDTM+0.0100%4h322.51+0.105%$17.6M$32.2M75xas long as short
Bitget TAOUSDT+0.0100%4h321.99−0.056%$36.3M$56.7M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h322.85+0.211%$89K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h322.01−0.050%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h322.42+0.077%$118K$554K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TAOUSDT+0.0100%4h321.92−0.078%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0115%8h322.67+0.155%$1K$1.2M5xas long as short
Aevo TAO-PERP+0.0120%1h322.32+0.048%$177K$9983xas long as short
MEXC TAO_USDT+0.0154%4h322.72+0.171%$107.0M$149.1M300xas long as short
Binance TAOUSDT+0.0156%4h322.170.000%$94.8M$519.8M75xas long as short
BingX TAO-USDT+0.0158%4h322.36+0.059%—$39.0M—as long as short
edgeX TAOUSDCshort+0.0158%4h323.48+0.406%$43K$321K10x
Paradex TAO-USD-PERP+0.0225%8h323.01+0.259%$15K$87610xas long as short
Orderly PERP_TAO_USDC+0.0247%4h322.31+0.043%$54K$274K10xas long as short
Popdex TAOUSDT+0.0256%1h322.85+0.211%$50K$703K20xas long as short
Extended TAO-USD+0.0296%1h322.15−0.006%$973K$2.2M25xas long as short
Pacifica TAO+0.0301%1h322.98+0.252%$376K$439K10xas long as short
GRVT TAO_USDT_Perp+0.0304%4h323.87+0.526%$550K$826K10xas long as short
Aster TAOUSDT+0.0320%4h322.28+0.034%$1.3M$11.2M50xas long as short
Arcus TAO-USD+0.0364%1h323.20+0.320%$102K$329K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0365% / S −0.0107%1h322.05−0.036%$379K—100xas long as short
ApeX Omni TAOUSDT+0.0392%1h323.88+0.531%$46K$256K50xas long as short
BloFin TAO-USDT+0.0396%4h323.31+0.354%$4.9M$11.0M100xas long as short
Lighter TAO+0.0456%1h322.43+0.080%$1.6M$6.6M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0488%1h322.23+0.018%$20K$1.9M25xas long as short
Variational Omni TAO+0.0522%4h323.77+0.495%$5.7M$9.8M—as long as short
Bullet TAO-USD+0.0537%1h322.47+0.093%$12K$17K20xas long as short
Nado TAO-PERP+0.0545%1h322.60+0.133%$739K$2.0M10xas long as short
Phoenix TAO+0.0578%1h323.80+0.506%$326K$712K5xas long as short
Kraken Futures PF_TAOUSD+0.0674%1h322.36+0.060%$6.3M$20.9M50xas long as short
Reya TAORUSDPERPlong+0.0699%1h322.17long leg$370—20x
RISEx TAO/USDC+0.0701%1h322.74+0.177%$446K$714K5xas long as short
01 Exchange TAOUSD+0.0776%1h323.28+0.344%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0796%1h323.22+0.326%$301K$1.1M10xas long as short
Coinbase International TAO-PERP-INTX+0.0832%1h322.51+0.105%$1.1M$7.5M50xas long as short
Hyperliquid TAO+0.1220%1h322.91+0.230%$97.5M$110.2M5xas long as short
dYdX TAO-USD+0.1233%1h322.32+0.046%$272K$232K5xas long as short
Injective TAO/USDC PERP+0.3320%1h327.96+1.797%$24K$2K12xas long as short