Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.008%
Price spread now: Arcus against Bitget+0.256%7-day average +0.112% · 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−$35as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Long on BitgetShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.018%+$2 on $10k
Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.256%, 7d avg +0.112%
Together, before fees−0.178%−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Arcus is 0.143% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.112%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.018% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget TAOUSDT316.600.0100pay 0.0050% / 4h1h 11m$35.3M$55.6M50x
ShortArcus TAO-USD317.410.0509get 0.0064% / 1h11m 39s$100K$488K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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

Funding earned
$85.87
Price spread: +0.256% → +0.112%
$14.35
Slippage, 4 orders
−$33.34
Fee Bitget: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$50.38
Costs to cover
0.498%
Break-even
2.9 days
Slippage from Bitget: live order book, 2 min ago; Arcus: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago2.05 bp11.4 bp −$1127.8 bp −$278doesn't fitdoesn't fit
Sell Arcus live order book, 52 min ago7.52 bp11.8 bp −$1225.3 bp −$253doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1916%1h325.17+2.707%$172K$1K10xas long as short
dYdX TAO-USD0.0000%1h316.00−0.190%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.32−0.405%$20K—150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0057%1h315.57−0.326%$16K$1.6M25xas long as short
Popdex TAOUSDT+0.0096%1h317.36+0.240%$40K$686K20xas long as short
Binance TAOUSDT+0.0100%4h317.23+0.200%$92.3M$489.3M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.40+0.253%$26.1M$120.2M50xas long as short
Gate TAO_USDT+0.0100%4h316.30−0.095%$13.0M$50.3M50xas long as short
MEXC TAO_USDT+0.0100%4h316.40−0.063%$101.3M$143.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h316.42−0.057%$17.6M$31.6M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDTlong+0.0100%4h316.60long leg$35.3M$55.6M50x
edgeX TAOUSDC+0.0100%4h316.42−0.056%$35K$301K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.11−0.155%$87K$794K5xas long as short
SunX TAO-USDT+0.0100%4h315.20−0.442%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h315.57−0.325%$128K$482K20xas long as short
Aevo TAO-PERP+0.0104%1h315.46−0.360%$173K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h316.90+0.095%$674$776K5xas long as short
Orderly PERP_TAO_USDC+0.0125%4h315.27−0.420%$57K$282K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0157% / S +0.0112%1h315.32−0.403%$429K—100xas long as short
GRVT TAO_USDT_Perp+0.0192%4h315.38−0.385%$523K$951K10xas long as short
Bullet TAO-USD+0.0199%1h315.43−0.370%$12K$18K20xas long as short
Phemex TAOUSDT+0.0219%4h315.93−0.212%$3.4M$7.9M50xas long as short
Kraken Futures PF_TAOUSD+0.0249%1h315.46−0.359%$5.6M$20.8M50xas long as short
Paradex TAO-USD-PERP+0.0257%8h316.08−0.164%$14K$1K10xas long as short
Aster TAOUSDT+0.0277%4h315.83−0.243%$1.2M$10.0M50xas long as short
BloFin TAO-USDT+0.0340%4h316.00−0.190%$3.8M$11.3M100xas long as short
ApeX Omni TAOUSDT+0.0371%1h316.95+0.111%$47K$253K50xas long as short
Bybit TAOUSDT+0.0427%4h317.50+0.284%$69.6M$146.0M50xas long as short
Pacifica TAO+0.0448%1h316.20−0.125%$374K$405K10xas long as short
BingX TAO-USDT+0.0448%4h316.600.000%—$30.4M—as long as short
Phoenix TAO+0.0504%1h324.80+2.590%$340K$707K5xas long as short
Arcus TAO-USDshort+0.0509%1h317.41+0.256%$100K$488K5x
Nado TAO-PERP+0.0619%1h315.87−0.231%$790K$2.2M10xas long as short
Reya TAORUSDPERP+0.0696%1h315.93−0.211%$363—20xas long as short
Extended TAO-USD+0.0704%1h316.70+0.031%$927K$2.4M25xas long as short
01 Exchange TAOUSD+0.0704%1h317.43+0.262%$3K$4K5xas long as short
Lighter TAO+0.0744%1h316.58−0.007%$1.6M$6.4M5xas long as short
Variational Omni TAO+0.0831%4h317.31+0.225%$5.9M$9.8M—as long as short
Backpack TAO_USDC_PERP+0.0909%1h315.75−0.268%$314K$923K10xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h316.00−0.190%$1.5M$6.8M50xas long as short
Hyperliquid TAO+0.1064%1h316.07−0.167%$95.8M$104.6M5xas long as short
RISEx TAO/USDC+0.1159%1h317.50+0.284%$446K$657K5xas long as short
Injective TAO/USDC PERP+0.4172%1h321.62+1.586%$23K$2K12xas long as short