TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Gate against BloFin−0.159%48s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.634% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.427%−$43 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.159%, 7d avg −0.058%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.100% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	315.30	0.0340	pay 0.0170% / 4h	16m 15s	$4.6M	$10.9M	100x
Short	Gate TAO_USDT	314.80	0.0100	get 0.0050% / 4h	16m 15s	$12.9M	$50.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.159%Rate

Funding earned: −$50.4
Price spread: −0.159% → −0.058%: −$10.01
Slippage, 4 orders: −$36.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.83
Costs to cover: 0.634%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Gate: 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 BloFin live order book, 3 min ago	0.16 bp	10.1 bp −$10	16.3 bp −$163	31.4 bp −$3,140	doesn't fit
Sell Gate live order book, 3 min ago	3.17 bp	21.4 bp −$21	40.2 bp −$402	71.2 bp −$7,117	117.6 bp −$58.8K

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	314.82	−0.152%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.82	−0.153%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.88	−0.132%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.05	−0.079%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.90	−0.127%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.95	−0.110%	$91.0M	$494.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.24	−0.019%	$68.0M	$148.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	−0.032%	$26.0M	$120.6M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	314.80	−0.159%	$12.9M	$50.1M	50x
MEXC TAO_USDT	+0.0100%	4h	314.97	−0.105%	$110.8M	$144.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.87	−0.136%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.85	−0.143%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.00	−0.095%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.17	−0.042%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.17	−0.041%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.00	−0.095%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.84	−0.146%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.03	−0.086%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.95	−0.111%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.31	−0.314%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.74	−0.178%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.22	−0.025%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.99	−0.098%	$56K	$266K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0121%	1h	314.84	−0.145%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	315.06	−0.077%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0185%	4h	314.92	−0.120%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.91	−0.123%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0205%	1h	315.17	−0.042%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0267%	1h	315.09	−0.067%	$92.7M	$106.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	315.21	−0.029%	$25K	$1.7M	25x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.15	−0.048%	$3K	$4K	5x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	315.30	long leg	$4.6M	$10.9M	100x
Lighter TAO	+0.0344%	1h	315.23	−0.024%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.34	+0.013%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.51	+0.067%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.19	−0.034%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	−0.004%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.032%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.86	−0.139%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.304%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.07	−0.071%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.260%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.126%	$23K	$2K	12x	as long as short