TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Arcus+0.137%7-day average −0.043% · 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−$660.660% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now +0.137%, 7d avg −0.043%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.180% dearer against Arcus than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of −0.043%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 3 days (−0.010% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	314.17	0.0201	pay 0.0025% / 1h	1m 21s	$83K	$550K	5x
Short	ApeX Omni TAOUSDT	314.60	0.0100	get 0.0013% / 1h	1m 21s	$48K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.137%Rate

Funding earned: −$21.28
Price spread: +0.137% → −0.043%: $18.01
Slippage, 4 orders: −$51.47
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$69.24
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from Arcus: live order book, 7 min ago; ApeX Omni: live order book, 6 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 Arcus live order book, 7 min ago	8.37 bp	14.8 bp −$15	27.7 bp −$277	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 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	+0.627%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.92	−0.080%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	313.53	−0.205%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.76	−0.131%	$42K	$605K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.65	−0.165%	$90.1M	$452.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.60	−0.181%	$25.5M	$108.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	−0.181%	$12.7M	$51.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.69	−0.153%	$100.6M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.90	−0.086%	$18.2M	$29.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.74	−0.137%	$34.9M	$51.8M	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	315.16	+0.315%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	+0.694%	$524K	$958K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	314.60	+0.137%	$48K	$267K	50x
Orderly PERP_TAO_USDC	+0.0100%	4h	313.55	−0.197%	$56K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.88	−0.092%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.03	−0.045%	$125K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.55	+0.119%	$173K	$998	3x	as long as short
Bullet TAO-USD	+0.0112%	1h	313.83	−0.108%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0113%	1h	314.05	−0.039%	$16K	$1.5M	25x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	313.76	−0.131%	$1K	$648K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0105%	1h	313.46	−0.225%	$442K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	314.21	+0.013%	$372K	$376K	10x	as long as short
Aster TAOUSDT	+0.0191%	4h	313.75	−0.134%	$1.3M	$9.0M	50x	as long as short
Arcus TAO-USDlong	+0.0201%	1h	314.17	long leg	$83K	$550K	5x
Paradex TAO-USD-PERP	+0.0239%	8h	314.07	−0.030%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0259%	1h	313.93	−0.076%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.26	+0.029%	$4.4M	$10.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0488%	1h	314.08	−0.030%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	313.80	−0.118%	$328K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	313.96	−0.067%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+2.002%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	+0.830%	$5.5M	$8.7M	—	as long as short
Phemex TAOUSDT	+0.0593%	4h	314.20	+0.010%	$3.4M	$7.8M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	313.94	−0.075%	$361	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	313.83	−0.108%	—	$30.7M	—	as long as short
Nado TAO-PERP	+0.0749%	1h	313.98	−0.060%	$778K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0772%	4h	313.81	−0.115%	$64.0M	$134.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0797%	1h	313.64	−0.169%	$317K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	314.86	+0.220%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	313.85	−0.103%	$874K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	313.82	−0.112%	$416K	$602K	5x	as long as short
Lighter TAO	+0.1432%	1h	314.45	+0.089%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1719%	1h	314.11	−0.019%	$100.5M	$91.8M	5x	as long as short