TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0511%/8h= +55.9% APRnext payment +$0.64 per $10,000 · paid last 24h +0.223%

Price spread now: Coinbase International against Arcus+0.123%7-day average +0.110% · 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−$51as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on Arcus Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.506%+$51 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.123%, 7d avg +0.110%

Together, before fees+0.508%+$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.110%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	318.32	0.0473	pay 0.0059% / 1h	13m 50s	$100K	$384K	5x
Short	Coinbase International TAO-PERP-INTX	318.71	0.0984	get 0.0123% / 1h	13m 50s	$1.4M	$7.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.123%Rate

Funding earned: $107.21
Price spread: +0.123% → +0.110%: $1.3
Slippage, 4 orders: −$38.17
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $55.84
Costs to cover: 0.527%
Break-even: 3.4 days

Slippage from Arcus: live order book, 25 min ago; Coinbase International: live order book, 5 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, 25 min ago	9.78 bp	13.1 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.66 bp	11.4 bp −$11	14.9 bp −$149	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.24	−0.025%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0074%	1h	318.96	+0.200%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.17	−0.047%	$46K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	+0.434%	$26.6M	$132.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.20	+0.276%	$14.8M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.20	+0.276%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.34	+0.320%	$35.9M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.50	−0.258%	$46K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.04	−0.088%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.69	+0.116%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.10	−0.069%	$116K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0139%	1h	316.95	−0.429%	$404K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.74	−0.182%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.82	+0.158%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0170%	4h	318.85	+0.166%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0177%	4h	317.99	−0.103%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	319.49	+0.368%	$103.9M	$152.5M	300x	as long as short
Binance TAOUSDT	+0.0180%	4h	319.69	+0.430%	$92.5M	$531.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	318.17	−0.046%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0258%	4h	319.49	+0.368%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0273%	4h	319.74	+0.446%	$70.2M	$157.0M	50x	as long as short
Bullet TAO-USD	+0.0288%	1h	318.57	+0.079%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	318.17	−0.047%	$373K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0324%	4h	317.89	−0.135%	$541K	$907K	10x	as long as short
Aster TAOUSDT	+0.0342%	4h	319.36	+0.328%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	319.23	+0.286%	$908K	$2.4M	25x	as long as short
Phemex TAOUSDT	+0.0413%	4h	318.78	+0.145%	$3.2M	$8.2M	50x	as long as short
BloFin TAO-USDT	+0.0420%	4h	317.47	−0.267%	$4.7M	$10.9M	100x	as long as short
Nado TAO-PERP	+0.0465%	1h	318.11	−0.065%	$783K	$2.0M	10x	as long as short
Arcus TAO-USDlong	+0.0473%	1h	318.32	long leg	$100K	$384K	5x
Variational Omni TAO	+0.0560%	4h	318.03	−0.092%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0568%	1h	319.77	+0.457%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	318.40	+0.025%	$320K	$703K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	318.32	0.000%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0687%	1h	319.37	+0.330%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.09	−0.387%	$365	—	20x	as long as short
Hyperliquid TAO	+0.0714%	1h	319.75	+0.449%	$94.5M	$110.6M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0739%	1h	318.93	+0.191%	$15K	$1.9M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.93	+0.191%	$6.0M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.06	−0.081%	$452K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0984%	1h	318.71	+0.123%	$1.4M	$7.0M	50x
Bulk TAO-USD	+0.1572%	1h	317.17	−0.361%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.151%	$23K	$2K	12x	as long as short