TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0116%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h +0.002%

Price spread now: Deribit against Arcus−0.055%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.055%, 7d avg −0.051%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$3 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	317.93	0.0641	pay 0.0080% / 1h	0m 17s	$102K	$389K	5x
Short	Deribit TAO_USDC-PERPETUAL	317.76	0.0525	get 0.0066% / 1h	0m 17s	$15K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$24.46
Price spread: −0.055% → −0.051%: −$0.4
Slippage, 4 orders: −$34.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$70.63
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Arcus: live order book, 43 min ago; Deribit: live order book, 4 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, 43 min ago	3.28 bp	9.6 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	6.14 bp	10.3 bp −$10	17.0 bp −$170	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
dYdX TAO-USD	0.0000%	1h	317.01	−0.289%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.43	−0.157%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.57	−0.113%	$43K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.60	−0.104%	$26.6M	$129.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	−0.026%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	−0.167%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.54	−0.123%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.40	−0.167%	$35.7M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.23	+0.409%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.54	−0.123%	$84K	$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	317.17	−0.239%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.25	−0.214%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.51	−0.132%	$983	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0155%	1h	317.39	−0.169%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.64	−0.091%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0134%	4h	317.62	−0.098%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0169%	4h	317.71	−0.070%	$92.2M	$528.8M	75x	as long as short
MEXC TAO_USDT	+0.0170%	4h	317.68	−0.079%	$107.2M	$152.0M	300x	as long as short
edgeX TAOUSDC	+0.0185%	4h	317.44	−0.153%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	317.87	−0.020%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0253%	4h	317.85	−0.025%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.66	−0.085%	—	$36.7M	—	as long as short
Bullet TAO-USD	+0.0297%	1h	317.70	−0.072%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0329%	4h	317.45	−0.152%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	317.55	−0.121%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0336%	4h	316.65	−0.404%	$540K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0412%	4h	317.47	−0.145%	$4.7M	$11.0M	100x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	−0.157%	$5.6M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0509%	1h	317.67	−0.081%	$787K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.42	−0.160%	$360K	$429K	10x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0525%	1h	317.76	−0.055%	$15K	$2.0M	25x
Lighter TAO	+0.0560%	1h	317.80	−0.041%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0567%	1h	317.40	−0.167%	$316K	$709K	5x	as long as short
Hyperliquid TAO	+0.0582%	1h	317.81	−0.038%	$94.0M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.91	−0.006%	$3K	$4K	5x	as long as short
Phemex TAOUSDT	+0.0627%	4h	317.72	−0.066%	$3.2M	$8.2M	50x	as long as short
Arcus TAO-USDlong	+0.0641%	1h	317.93	long leg	$102K	$389K	5x
Backpack TAO_USDC_PERP	+0.0666%	1h	317.46	−0.148%	$296K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.61	−0.102%	$365	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	318.45	+0.164%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.60	−0.104%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1162%	1h	317.75	−0.058%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.758%	$24K	$2K	12x	as long as short