TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0541%/8h= +59.3% APRnext payment +$0.68 per $10,000 · paid last 24h +0.011%

Price spread now: Arcus against ApeX Omni+0.094%7-day average +0.046% · 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−$43as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.094%, 7d avg +0.046%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.048% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.046%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.020% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 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	ApeX Omni TAOUSDT	319.84	0.0100	pay 0.0013% / 1h	27m 27s	$45K	$259K	50x
Short	Arcus TAO-USD	320.14	0.0641	get 0.0080% / 1h	27m 27s	$103K	$389K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now +0.094%Rate

Funding earned: $113.71
Price spread: +0.094% → +0.046%: $4.79
Slippage, 4 orders: −$33.16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $70.84
Costs to cover: 0.477%
Break-even: 2.6 days

Slippage from ApeX Omni: live order book, 14 min ago; Arcus: live order book, 16 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 ApeX Omni live order book, 14 min ago	4.38 bp	11.4 bp −$11	119.4 bp −$1,194	doesn't fit	doesn't fit
Sell Arcus live order book, 16 min ago	3.28 bp	14.8 bp −$15	28.2 bp −$282	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	−0.1995%	1h	319.47	−0.116%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.13	−0.221%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.02	−0.257%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.62	+0.244%	$43K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.00	+0.363%	$26.7M	$130.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.40	−0.138%	$14.3M	$52.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.55	−0.091%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.82	+0.306%	$36.0M	$58.4M	50x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	319.84	long leg	$45K	$259K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	320.89	+0.328%	$89K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.13	−0.222%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.75	−0.341%	$118K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.26	+0.131%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0118% / S +0.0149%	1h	318.95	−0.278%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.41	−0.133%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.26	−0.181%	$53K	$292K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	319.83	−0.003%	$105.9M	$150.1M	300x	as long as short
edgeX TAOUSDC	+0.0170%	4h	319.71	−0.041%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0171%	4h	320.65	+0.252%	$92.9M	$529.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0270%	8h	319.64	−0.061%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0295%	4h	319.54	−0.094%	$3.3M	$8.1M	50x	as long as short
BingX TAO-USDT	+0.0324%	4h	319.74	−0.031%	—	$34.5M	—	as long as short
Aster TAOUSDT	+0.0335%	4h	320.46	+0.194%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0342%	4h	321.13	+0.403%	$70.3M	$156.2M	50x	as long as short
Bullet TAO-USD	+0.0387%	1h	319.39	−0.141%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	319.57	−0.083%	$544K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0410%	4h	319.36	−0.150%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0456%	1h	319.79	−0.015%	$911K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.78	−0.019%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	320.05	+0.065%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0548%	1h	320.88	+0.326%	$801K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.40	−0.138%	$318K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	320.60	+0.238%	$3K	$4K	5x	as long as short
Arcus TAO-USDshort	+0.0641%	1h	320.14	+0.094%	$103K	$389K	5x
Hyperliquid TAO	+0.0648%	1h	321.21	+0.428%	$94.9M	$110.4M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.25	−0.186%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0706%	1h	319.43	−0.128%	$298K	$905K	10x	as long as short
Lighter TAO	+0.0728%	1h	319.78	−0.018%	$1.5M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0751%	1h	319.33	−0.159%	$15K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.68	+0.263%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.14	+0.408%	$460K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1156%	1h	319.35	−0.154%	$5.9M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+1.126%	$24K	$2K	12x	as long as short