TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.316%

Price spread now: ApeX Omni against Bulk−0.110%55s7-day average +0.132% · 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—prices read too far apart to compare

costs, in and out, $10k−$390.390% of the position

Long on Bulk Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.369%+$37 on $10k

Price spread, last 4 days (all we have)+0.511%+$51 · spread now −0.110%, 7d avg +0.132%

Together, before fees+0.879%+$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.242% cheaper against Bulk than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.132%). If the spread goes back, that is −$24 on $10k: about 6.3 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.369% in total) that is about 2.4 days. The two prices were read 55 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	Bulk TAO-USD	312.42	0.0138	pay 0.0017% / 1h	50m 06s	$166K	$333	10x
Short	ApeX Omni TAOUSDT	312.08	0.0265	get 0.0033% / 1h	50m 06s	$46K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bulk. 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 BulkbpFee ApeX OmnibpOrdersPrice spread, now −0.110%Rate

Funding earned: $26.82
Price spread: −0.110% → +0.132%: −$24.18
Slippage, 4 orders: −$22.03
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.39
Costs to cover: 0.390%
Break-even: 16.5 days

Slippage from Bulk: live order book, 64 min ago; ApeX Omni: live order book, 62 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 Bulk live order book, 64 min ago	2.39 bp	6.1 bp −$6	14.0 bp −$140	32.8 bp −$3,278	doesn't fit
Sell ApeX Omni live order book, 62 min ago	5.43 bp	13.3 bp −$13	140.9 bp −$1,409	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
dYdX TAO-USD	0.0000%	1h	312.73	+0.098%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.94	+0.166%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.26	+0.268%	$641	$879K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.20	+0.249%	$89.6M	$505.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.20	+0.249%	$26.2M	$121.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	+0.153%	$13.6M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.19	+0.246%	$104.5M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.10	+0.217%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.94	+0.166%	$35.2M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.14	−0.091%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.12	+0.223%	$81K	$908K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.92	+0.159%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.72	+0.095%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.30	+0.281%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.18	+0.242%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	312.88	+0.146%	$419K	—	100x	as long as short
Bulk TAO-USDlong	+0.0138%	1h	312.42	long leg	$166K	$333	10x
Aster TAOUSDT	+0.0149%	4h	312.95	+0.168%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0220%	8h	313.29	+0.279%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0232%	4h	312.47	+0.014%	$531K	$942K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.40	+0.312%	$357K	$419K	10x	as long as short
Popdex TAOUSDT	+0.0248%	1h	313.43	+0.322%	$49K	$662K	20x	as long as short
Nado TAO-PERP	+0.0259%	1h	313.35	+0.298%	$779K	$2.2M	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0265%	1h	312.08	−0.110%	$46K	$255K	50x
Kraken Futures PF_TAOUSD	+0.0305%	1h	312.92	+0.159%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0328%	1h	313.25	+0.266%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.00	+0.185%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0358%	4h	313.06	+0.204%	—	$33.7M	—	as long as short
Phemex TAOUSDT	+0.0359%	4h	313.09	+0.214%	$3.1M	$7.9M	50x	as long as short
Bybit TAOUSDT	+0.0370%	4h	313.23	+0.258%	$67.8M	$151.2M	50x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	+0.217%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0384%	1h	313.10	+0.218%	$902K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.56	+0.364%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	312.50	+0.025%	$311K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0529%	1h	313.17	+0.239%	$11K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0697%	1h	313.30	+0.281%	$91.7M	$108.3M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	+0.291%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	313.87	+0.463%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0827%	1h	313.24	+0.262%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0888%	1h	313.27	+0.272%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	313.67	+0.399%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.37	+0.302%	$450K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+1.167%	$23K	$2K	12x	as long as short