TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Aevo+0.397%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$2302.305% of the position

Long on Aevo Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.544%−$54 · spread now +0.397%, 7d avg −0.034%

Together, before fees−0.538%−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and ApeX Omni is 0.431% dearer against Aevo than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	315.22	0.0104	pay 0.0013% / 1h	2m 35s	$173K	$998	3x
Short	ApeX Omni TAOUSDT	316.47	0.0117	get 0.0015% / 1h	2m 35s	$48K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. 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 AevobpFee ApeX OmnibpOrdersPrice spread, now +0.397%Rate

Funding earned: $2.64
Price spread: +0.397% → −0.034%: $43.08
Slippage, 4 orders: −$204.46
Fee Aevo: 8 bp × 2 orders: −$16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$184.74
Costs to cover: 2.305%
Break-even: 497.3 days

Slippage from Aevo: live order book, 6 min ago; ApeX Omni: live order book, 4 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 Aevo live order book, 6 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	5.51 bp	16.5 bp −$17	129.1 bp −$1,291	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	−0.1228%	1h	316.14	+0.292%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.65	−0.182%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.56	−0.209%	$14K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.66	−0.178%	$44K	$605K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.53	−0.219%	$90.1M	$452.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.228%	$25.6M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.292%	$12.8M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.63	−0.187%	$99.8M	$137.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.55	−0.213%	$18.3M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.30	−0.292%	$35.0M	$51.7M	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	317.06	+0.582%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	+0.359%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.92	−0.095%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.86	−0.114%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.14	−0.025%	$126K	$422K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	315.22	long leg	$173K	$998	3x
Bullet TAO-USD	+0.0109%	1h	314.49	−0.232%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDTshort	+0.0117%	1h	316.47	+0.397%	$48K	$267K	50x
Katana Perps TAO-USD	+0.0120%	8h	314.92	−0.095%	$644	$648K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	314.37	−0.269%	$446K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	314.74	−0.152%	$373K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	314.57	−0.206%	$83K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	315.09	−0.040%	$1.3M	$8.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	314.44	−0.248%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0260%	1h	314.64	−0.184%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.26	−0.305%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	314.85	−0.119%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0487%	1h	314.57	−0.207%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.00	+0.565%	$332K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	314.68	−0.171%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+1.662%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	+0.494%	$5.5M	$8.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.60	−0.197%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	314.46	−0.241%	—	$30.7M	—	as long as short
Phemex TAOUSDT	+0.0706%	4h	314.49	−0.232%	$3.4M	$7.8M	50x	as long as short
Nado TAO-PERP	+0.0746%	1h	314.59	−0.199%	$778K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0752%	4h	314.60	−0.197%	$64.8M	$133.9M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0796%	1h	315.21	−0.003%	$319K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	314.95	−0.086%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	314.39	−0.264%	$879K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	314.41	−0.257%	$417K	$602K	5x	as long as short
Lighter TAO	+0.1408%	1h	315.51	+0.091%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1730%	1h	314.94	−0.089%	$100.8M	$91.7M	5x	as long as short