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

TAO

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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.218%
Price spread now: Coinbase International against Bitget+0.452%7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Long on BitgetShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.503%+$50 on $10k
Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.452%, 7d avg +0.219%
Together, before fees+0.260%+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Coinbase International is 0.233% dearer against Bitget than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.219%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.503% in total (about 26.2% 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 TAOUSDT318.730.0100pay 0.0050% / 4h3h 55m$35.7M$48.7M50x
ShortCoinbase International TAO-PERP-INTX320.170.0984get 0.0123% / 1h55m 08s$1.5M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$185.64
Price spread: +0.452% → +0.219%
$23.25
Slippage, 4 orders
−$36.37
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$150.52
Costs to cover
0.584%
Break-even
1.3 days
Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago0.78 bp14.7 bp −$1524.6 bp −$246doesn't fitdoesn't fit
Sell Coinbase International live order book, 4 min ago11.09 bp16.1 bp −$1624.7 bp −$247doesn'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−0.1799%1h311.96−2.124%$167K$44K10xas long as short
Phemex TAOUSDT−0.1508%4h318.72−0.003%$3.4M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h318.93+0.063%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.83+0.031%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.14+0.129%$40K$578K20xas long as short
Katana Perps TAO-USD+0.0100%8h319.30+0.179%$853$589K5xas long as short
Binance TAOUSDT+0.0100%4h318.75+0.006%$91.1M$437.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.60−0.041%$25.8M$106.2M50xas long as short
Gate TAO_USDT+0.0100%4h318.60−0.041%$12.9M$49.4M50xas long as short
MEXC TAO_USDT+0.0100%4h318.81+0.025%$104.9M$131.1M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h318.86+0.041%$19.0M$28.3M75xas long as short
Bitget TAOUSDTlong+0.0100%4h318.73long leg$35.7M$48.7M50x
edgeX TAOUSDC+0.0100%4h319.37+0.202%$36K$287K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.90+0.053%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.90+0.053%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.04+0.097%$127K$423K20xas long as short
Aevo TAO-PERP+0.0104%1h321.72+0.938%$177K$9983xas long as short
GRVT TAO_USDT_Perp+0.0142%4h319.47+0.231%$531K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0071%1h318.75+0.005%$454K—100xas long as short
Pacifica TAO+0.0185%1h319.35+0.195%$378K$371K10xas long as short
Arcus TAO-USD+0.0201%1h319.38+0.204%$84K$545K5xas long as short
Aster TAOUSDT+0.0209%4h318.90+0.053%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0217%8h318.99+0.082%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0230%1h318.92+0.058%$24K$1.5M25xas long as short
Variational Omni TAO+0.0291%4h319.01+0.088%$5.5M$8.6M—as long as short
Bullet TAO-USD+0.0292%1h319.11+0.119%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h318.55−0.056%$4.4M$10.8M100xas long as short
BingX TAO-USDT+0.0398%4h318.84+0.035%—$30.7M—as long as short
Polymarket Perps TAO-USD+0.0419%1h319.24+0.160%$100K$633K5xas long as short
ApeX Omni TAOUSDT+0.0476%1h318.98+0.078%$48K$268K50xas long as short
Bybit TAOUSDT+0.0477%4h318.87+0.044%$65.4M$129.7M50xas long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.70−0.008%$5.8M$20.2M50xas long as short
Phoenix TAO+0.0537%1h319.30+0.179%$334K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.85−0.276%$23K$37012xas long as short
Reya TAORUSDPERP+0.0695%1h318.88+0.047%$367—20xas long as short
Nado TAO-PERP+0.0783%1h319.11+0.118%$886K$2.0M10xas long as short
01 Exchange TAOUSD+0.0840%1h319.30+0.179%$3K$4K5xas long as short
Coinbase International TAO-PERP-INTXshort+0.0984%1h320.17+0.452%$1.5M$6.1M50x
Extended TAO-USD+0.1000%1h318.91+0.056%$928K$2.2M25xas long as short
Backpack TAO_USDC_PERP+0.1121%1h318.82+0.028%$316K$817K10xas long as short
RISEx TAO/USDC+0.1141%1h319.14+0.129%$420K$586K5xas long as short
Lighter TAO+0.1928%1h319.42+0.215%$1.7M$5.8M5xas long as short
Hyperliquid TAO+0.2936%1h319.57+0.264%$104.3M$88.4M5xas long as short