TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.010%

Price spread now: Pacifica against Arcus−0.062%7-day average −0.069% · 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−$40as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.355%−$36 · spread now −0.062%, 7d avg −0.069%

Together, before fees−0.375%+ Points / potential airdropPacifica: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$2 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	321.16	0.0364	pay 0.0045% / 1h	55m 02s	$101K	$329K	5x
Short	Pacifica TAO	320.96	0.0301	get 0.0038% / 1h	55m 02s	$374K	$439K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.062%Rate

Funding earned: −$13.24
Price spread: −0.062% → −0.069%: $0.66
Slippage, 4 orders: −$28.65
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$53.73
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Arcus: live order book, 39 min ago; Pacifica: live order book, 38 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, 39 min ago	6.99 bp	13.1 bp −$13	24.3 bp −$243	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 min ago	1.75 bp	9.4 bp −$9	doesn't fit	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	−0.0985%	1h	321.65	+0.153%	$171K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+0.949%	$20K	—	150x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.19	−0.613%	$70.1M	$155.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	−0.610%	$26.6M	$130.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.90	−0.704%	$15.3M	$48.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.37	−0.246%	$17.5M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.07	−0.651%	$36.2M	$57.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.38	+0.380%	$46K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.55	−0.190%	$84K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.11	−0.327%	$2K	$1.9M	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	319.91	−0.389%	$117K	$555K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.11	−0.327%	$3.2M	$8.1M	50x	as long as short
Popdex TAOUSDT	+0.0104%	1h	320.44	−0.224%	$50K	$690K	20x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	320.39	−0.240%	$656	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.41	−0.233%	$176K	$998	3x	as long as short
MEXC TAO_USDT	+0.0154%	4h	319.38	−0.554%	$106.9M	$149.4M	300x	as long as short
BingX TAO-USDT	+0.0158%	4h	319.08	−0.648%	—	$39.0M	—	as long as short
Binance TAOUSDT	+0.0161%	4h	319.28	−0.585%	$94.0M	$521.1M	75x	as long as short
edgeX TAOUSDC	+0.0161%	4h	322.73	+0.490%	$43K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0223%	8h	320.69	−0.145%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0247%	4h	320.63	−0.165%	$53K	$274K	10x	as long as short
Extended TAO-USD	+0.0288%	1h	319.25	−0.596%	$964K	$2.2M	25x	as long as short
Pacifica TAOshort	+0.0301%	1h	320.96	−0.062%	$374K	$439K	10x
GRVT TAO_USDT_Perp	+0.0308%	4h	322.97	+0.563%	$549K	$826K	10x	as long as short
Aster TAOUSDT	+0.0325%	4h	319.20	−0.610%	$1.3M	$11.2M	50x	as long as short
Lighter TAO	+0.0344%	1h	320.49	−0.208%	$1.6M	$6.6M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0364% / S −0.0107%	1h	320.06	−0.344%	$376K	—	100x	as long as short
Arcus TAO-USDlong	+0.0364%	1h	321.16	long leg	$101K	$329K	5x
Deribit TAO_USDC-PERPETUAL	+0.0390%	1h	320.44	−0.226%	$19K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.44	−0.224%	$4.8M	$11.0M	100x	as long as short
Bullet TAO-USD	+0.0496%	1h	320.49	−0.209%	$13K	$17K	20x	as long as short
Variational Omni TAO	+0.0521%	4h	322.30	+0.356%	$5.7M	$9.8M	—	as long as short
Phoenix TAO	+0.0578%	1h	323.80	+0.822%	$326K	$712K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0678%	1h	320.44	−0.223%	$6.3M	$20.9M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	320.36	−0.248%	$368	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	320.31	−0.266%	$443K	$714K	5x	as long as short
Nado TAO-PERP	+0.0722%	1h	320.15	−0.314%	$733K	$2.0M	10x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	320.76	−0.125%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0782%	1h	319.12	−0.635%	$299K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	320.57	−0.184%	$1.1M	$7.5M	50x	as long as short
Hyperliquid TAO	+0.1045%	1h	319.49	−0.520%	$96.4M	$110.4M	5x	as long as short
dYdX TAO-USD	+0.1238%	1h	320.43	−0.227%	$270K	$232K	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+2.117%	$24K	$2K	12x	as long as short