TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0304%/8h= −33.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.360%

Price spread now: Bulk against Arcus+0.331%7-day average −0.174% · 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+$17as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Arcus Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.421%−$42 on $10k

Price spread, last 4 days (all we have)−0.634%−$63 · spread now +0.331%, 7d avg −0.174%

Together, before fees−1.055%−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.505% dearer against Arcus than usual: you sell high and buy low (spread +0.331% now, against its 7-day average of −0.174%): +$51 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	314.10	0.0404	pay 0.0051% / 1h	27m 23s	$99K	$362K	5x
Short	Bulk TAO-USD	315.14	0.0100	get 0.0013% / 1h	27m 23s	$167K	$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.331%Rate

Funding earned: −$63.85
Price spread: +0.331% → −0.174%: $50.51
Slippage, 4 orders: −$21.56
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$46.39
Costs to cover: 0.331%
Break-even: from the start

Slippage from Arcus: live order book, 6 min ago; Bulk: 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, 6 min ago	6.99 bp	13.1 bp −$13	24.3 bp −$243	doesn't fit	doesn't fit
Sell Bulk live order book, 6 min ago	0.48 bp	6.1 bp −$6	8.0 bp −$80	16.0 bp −$1,605	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.11	−0.315%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.84	−0.083%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.88	−0.070%	$68.5M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	−0.127%	$26.1M	$128.8M	50x	as long as short
Bulk TAO-USDshort	+0.0100%	1h	315.14	+0.331%	$167K	$0	10x
Gate TAO_USDT	+0.0100%	4h	313.60	−0.159%	$14.9M	$49.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.69	−0.131%	$17.4M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.53	−0.181%	$35.3M	$57.0M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	−0.509%	$535K	$833K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.73	−0.436%	$45K	$255K	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.46	−0.204%	$86K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.66	−0.140%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.20	−0.287%	$115K	$588K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.47	−0.201%	$3.1M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	313.55	−0.175%	$642	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	312.50	−0.509%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0130%	4h	313.87	−0.073%	$105.5M	$152.5M	300x	as long as short
BingX TAO-USDT	+0.0136%	4h	313.85	−0.080%	—	$38.7M	—	as long as short
Binance TAOUSDT	+0.0136%	4h	313.86	−0.076%	$91.7M	$525.0M	75x	as long as short
edgeX TAOUSDC	+0.0140%	4h	312.92	−0.377%	$41K	$322K	10x	as long as short
dYdX TAO-USD	+0.0187%	1h	313.47	−0.201%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0219%	4h	313.82	−0.089%	$53K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	313.88	−0.070%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0253%	1h	313.91	−0.060%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0300%	4h	313.88	−0.070%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	313.90	−0.064%	$362K	$445K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	313.72	−0.120%	$887K	$2.3M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	313.47	−0.199%	$368K	—	100x	as long as short
BloFin TAO-USDT	+0.0368%	4h	313.54	−0.178%	$4.8M	$10.7M	100x	as long as short
Arcus TAO-USDlong	+0.0404%	1h	314.10	long leg	$99K	$362K	5x
Hyperliquid TAO	+0.0479%	1h	313.87	−0.073%	$92.0M	$109.3M	5x	as long as short
Nado TAO-PERP	+0.0489%	1h	313.73	−0.117%	$758K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	313.60	−0.159%	$315K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	314.12	+0.006%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0593%	4h	312.65	−0.461%	$5.5M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0603%	1h	313.78	−0.103%	$11K	$1.9M	25x	as long as short
Lighter TAO	+0.0632%	1h	313.97	−0.041%	$1.6M	$6.7M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0673%	1h	313.74	−0.115%	$309K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	313.69	−0.132%	$361	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0793%	1h	313.88	−0.071%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	313.04	−0.339%	$441K	$689K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	314.22	+0.038%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+1.315%	$23K	$2K	12x	as long as short