TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0246%/8h= −27.0% APRnext payment −$1.23 per $10,000 · paid last 24h −0.009%

Price spread now: Gate against Bybit−0.121%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days+0.124%+$12 · spread now −0.121%, 7d avg −0.034%

Together, before fees+0.097%+$10 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 0.087% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	315.08	0.0346	pay 0.0173% / 4h	3h 33m	$69.1M	$154.9M	50x
Short	Gate TAO_USDT	314.70	0.0100	get 0.0050% / 4h	3h 33m	$14.9M	$49.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.121%Rate

Funding earned: −$51.69
Price spread: −0.121% → −0.034%: −$8.69
Slippage, 4 orders: −$22.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$108.94
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Gate: live order book, 6 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 Bybit live order book, 6 min ago	0.16 bp	8.5 bp −$9	15.9 bp −$159	46.1 bp −$4,614	doesn't fit
Sell Gate live order book, 6 min ago	3.17 bp	18.2 bp −$18	37.0 bp −$370	73.9 bp −$7,391	150.2 bp −$75.1K

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	314.65	−0.138%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.45	−0.200%	$50K	$699K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.13	−0.302%	$643	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.057%	$26.3M	$129.1M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	314.70	−0.121%	$14.9M	$49.4M	50x
KuCoin TAOUSDTM	+0.0100%	4h	314.67	−0.130%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.73	−0.111%	$35.4M	$57.4M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.25	−0.263%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.24	−0.267%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.26	−0.260%	$115K	$588K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	314.61	−0.149%	$3.1M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.50	−0.185%	$173K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0124%	1h	315.68	+0.190%	$45K	$257K	50x	as long as short
Bulk TAO-USD	+0.0125%	1h	316.13	+0.333%	$168K	$0	10x	as long as short
MEXC TAO_USDT	+0.0142%	4h	314.95	−0.041%	$104.7M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0143%	4h	314.80	−0.090%	$91.7M	$525.7M	75x	as long as short
GRVT TAO_USDT_Perp	+0.0144%	4h	315.40	+0.102%	$540K	$876K	10x	as long as short
edgeX TAOUSDC	+0.0147%	4h	315.34	+0.083%	$42K	$321K	10x	as long as short
dYdX TAO-USD	+0.0188%	1h	314.05	−0.327%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0212%	4h	314.44	−0.203%	$53K	$298K	10x	as long as short
Bullet TAO-USD	+0.0224%	1h	314.55	−0.168%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0239%	8h	314.38	−0.223%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0308%	4h	314.98	−0.032%	—	$37.2M	—	as long as short
Aster TAOUSDT	+0.0309%	4h	314.88	−0.063%	$1.2M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0344%	1h	314.42	−0.209%	$894K	$2.3M	25x	as long as short
Bybit TAOUSDTlong	+0.0346%	4h	315.08	long leg	$69.1M	$154.9M	50x
Pacifica TAO	+0.0349%	1h	314.62	−0.146%	$369K	$440K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	314.22	−0.273%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0383%	4h	314.59	−0.156%	$4.8M	$10.7M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	314.64	−0.140%	$99K	$362K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0422%	1h	314.49	−0.186%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0497%	1h	314.57	−0.161%	$761K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0519%	1h	315.12	+0.013%	$92.8M	$108.6M	5x	as long as short
Phoenix TAO	+0.0578%	1h	315.80	+0.229%	$318K	$714K	5x	as long as short
Lighter TAO	+0.0592%	1h	315.08	+0.002%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	314.54	−0.171%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0614%	4h	315.43	+0.112%	$5.6M	$10.1M	—	as long as short
Backpack TAO_USDC_PERP	+0.0674%	1h	315.06	−0.006%	$310K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.34	+0.082%	$363	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0790%	1h	314.90	−0.058%	$5.9M	$21.1M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	314.25	−0.262%	$435K	$678K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	314.94	−0.044%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+1.000%	$23K	$2K	12x	as long as short