TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.006%

Price spread now: Bybit against Binance−0.008%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.008%, 7d avg +0.013%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.022% cheaper against Binance than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.013%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.047% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	315.08	0.0152	pay 0.0076% / 4h	1h 08m	$93.4M	$511.4M	75x
Short	Bybit TAOUSDT	315.05	0.0277	get 0.0139% / 4h	1h 08m	$69.4M	$155.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $26.23
Price spread: −0.008% → +0.013%: −$2.2
Slippage, 4 orders: −$9.88
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.84
Costs to cover: 0.309%
Break-even: 8.8 days

Slippage from Binance: live order book, 13 min ago; Bybit: live order book, 3 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 Binance live order book, 13 min ago	0.16 bp	6.9 bp −$7	13.5 bp −$135	33.2 bp −$3,318	doesn't fit
Sell Bybit live order book, 3 min ago	0.16 bp	8.6 bp −$9	17.5 bp −$175	40.5 bp −$4,049	doesn't fit

TAO on 43 exchanges

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	314.46	−0.197%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.01	−0.021%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.00	−0.024%	$26.8M	$127.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.70	−0.120%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.79	−0.091%	$17.4M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.71	−0.116%	$35.6M	$55.6M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.81	−0.085%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.83	−0.078%	$69K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.69	−0.123%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.49	−0.186%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.71	−0.116%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.78	−0.094%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.03	−0.014%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0137%	4h	314.78	−0.094%	$42K	$323K	10x	as long as short
MEXC TAO_USDT	+0.0142%	4h	314.91	−0.053%	$110.6M	$150.5M	300x	as long as short
Binance TAOUSDTlong	+0.0152%	4h	315.08	long leg	$93.4M	$511.4M	75x
Phemex TAOUSDT	+0.0178%	4h	314.88	−0.062%	$3.2M	$8.2M	50x	as long as short
BingX TAO-USDT	+0.0212%	4h	314.99	−0.028%	—	$38.0M	—	as long as short
Lighter TAO	+0.0224%	1h	315.06	−0.007%	$1.6M	$6.7M	5x	as long as short
Pacifica TAO	+0.0240%	1h	315.03	−0.015%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	314.48	−0.189%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERP	+0.0248%	8h	314.95	−0.040%	$14K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0265%	4h	314.83	−0.078%	$53K	$262K	10x	as long as short
Bybit TAOUSDTshort	+0.0277%	4h	315.05	−0.008%	$69.4M	$155.9M	50x
Bullet TAO-USD	+0.0297%	1h	314.93	−0.048%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0308%	4h	315.09	+0.004%	$1.3M	$11.4M	50x	as long as short
Nado TAO-PERP	+0.0336%	1h	315.00	−0.025%	$670K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0358% / S −0.0107%	1h	313.88	−0.381%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0383%	4h	315.18	+0.033%	$4.9M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0410%	1h	314.61	−0.148%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	−0.162%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0520%	1h	315.16	+0.026%	$94.6M	$104.8M	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	315.38	+0.096%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	315.21	+0.042%	$99K	$312K	5x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	−0.024%	$317K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	314.82	−0.080%	$437K	$658K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0687%	1h	314.77	−0.097%	$29K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	+0.096%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.87	−0.066%	$362	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0741%	1h	315.14	+0.020%	$296K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.0796%	1h	315.70	+0.197%	$167K	$662	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0935%	1h	314.96	−0.038%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	319.29	+1.337%	$23K	$2K	12x	as long as short