TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.065%

Price spread now: Extended against ApeX Omni+1.210%72s7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.379% of the position

Long on ApeX Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−1.602%−$160 · spread now +1.210%, 7d avg −0.072%

Together, before fees−1.508%+ Points / potential airdropExtended: Active · farm board−$151 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 1.283% dearer against ApeX Omni than usual: you sell high and buy low: +$128 more if the spread goes back to its 7-day average of −0.072%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	319.47	0.0487	pay 0.0061% / 1h	6m 15s	$47K	$257K	50x
Short	Extended TAO-USD	323.34	0.0504	get 0.0063% / 1h	6m 15s	$920K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +1.210%Rate

Funding earned: $3.56
Price spread: +1.210% → −0.072%: $128.29
Slippage, 4 orders: −$22.92
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $93.93
Costs to cover: 0.379%
Break-even: from the start

Slippage from ApeX Omni: live order book, 40 min ago; Extended: live order book, 2 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, 40 min ago	5.58 bp	13.0 bp −$13	111.1 bp −$1,111	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	3.12 bp	5.9 bp −$6	7.5 bp −$75	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	−0.1195%	1h	319.01	−0.143%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.12	+1.142%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0029%	1h	321.54	+0.649%	$128K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.30	+1.512%	$26.9M	$128.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	324.00	+1.418%	$14.2M	$51.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.33	+1.208%	$17.8M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	324.02	+1.424%	$36.6M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.32	+0.892%	$79K	$958K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.27	+0.876%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.55	+1.277%	$118K	$565K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	323.94	+1.399%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	321.98	+0.786%	$659	$952K	5x	as long as short
edgeX TAOUSDC	+0.0110%	4h	319.26	−0.067%	$42K	$315K	10x	as long as short
Aevo TAO-PERP	+0.0112%	1h	323.55	+1.277%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	323.57	+1.283%	$53K	$291K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	322.18	+0.848%	$49K	$679K	20x	as long as short
MEXC TAO_USDT	+0.0124%	4h	322.64	+0.992%	$103.2M	$148.7M	300x	as long as short
Binance TAOUSDT	+0.0124%	4h	324.01	+1.421%	$93.6M	$516.1M	75x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0126% / S +0.0142%	1h	322.79	+1.040%	$432K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	322.02	+0.798%	$366K	$421K	10x	as long as short
Aster TAOUSDT	+0.0283%	4h	323.77	+1.346%	$1.3M	$10.8M	50x	as long as short
Nado TAO-PERP	+0.0291%	1h	322.50	+0.949%	$816K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0294%	1h	323.62	+1.299%	$6.1M	$21.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0295%	8h	322.06	+0.812%	$15K	$1K	10x	as long as short
Bullet TAO-USD	+0.0325%	1h	322.65	+0.995%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0364%	4h	321.98	+0.786%	$4.6M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0394%	4h	324.26	+1.499%	—	$33.9M	—	as long as short
GRVT TAO_USDT_Perp	+0.0440%	4h	319.60	+0.040%	$545K	$948K	10x	as long as short
Bybit TAOUSDT	+0.0460%	4h	324.63	+1.615%	$71.2M	$154.1M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	322.26	+0.873%	$110K	$364K	5x	as long as short
Variational Omni TAO	+0.0485%	4h	319.46	−0.003%	$5.6M	$10.1M	—	as long as short
ApeX Omni TAOUSDTlong	+0.0487%	1h	319.47	long leg	$47K	$257K	50x
Extended TAO-USDshort	+0.0504%	1h	323.34	+1.210%	$920K	$2.4M	25x
Phoenix TAO	+0.0513%	1h	320.60	+0.354%	$319K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	322.47	+0.940%	$371	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0709%	1h	323.61	+1.295%	$14K	$1.8M	25x	as long as short
Lighter TAO	+0.0808%	1h	324.47	+1.564%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	322.75	+1.027%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0825%	1h	324.59	+1.603%	$95.6M	$109.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0847%	1h	324.63	+1.615%	$322K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	324.00	+1.418%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	322.05	+0.808%	$463K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+1.299%	$24K	$2K	12x	as long as short