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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.657%
Price spread now: Injective against Bybit+0.878%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+3.392%+$339 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 0.878% dearer against Bybit than usual: you sell high and buy low (spread +0.878% now, against zero (this spread has no 7-day history yet)): +$88 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 days. Mind the row above: over the last 7 days funding on this pair paid +3.392%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TAOUSDT312.210.0100pay 0.0050% / 4h18m 43s$61.4M$125.3M50x
ShortInjective TAO/USDC PERP314.950.0033get 0.0004% / 1h18m 43s$23K$36112x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: +0.878% → 0.000%
$87.76
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$62.74
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.64 bp10.5 bp −$1118.6 bp −$18642.6 bp −$4,263doesn't fit
Sell Injective no order-book sample—————
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.2753%1h312.56+0.112%$167K$47K10xas long as short
dYdX TAO-USD0.0000%1h312.05−0.051%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0002%1h312.27+0.020%$27K—150xas long as short
Injective TAO/USDC PERPshort+0.0033%1h314.95+0.878%$23K$36112x
Popdex TAOUSDT+0.0096%1h312.50+0.093%$37K$565K20xas long as short
Pacifica TAO+0.0100%1h312.45+0.076%$369K$363K10xas long as short
Binance TAOUSDT+0.0100%4h312.01−0.065%$88.5M$427.8M75xas long as short
Bybit TAOUSDTlong+0.0100%4h312.21long leg$61.4M$125.3M50x
OKX TAO-USDT-SWAP+0.0100%8h312.00−0.067%$25.1M$101.4M50xas long as short
Gate TAO_USDT+0.0100%4h312.20−0.003%$12.5M$50.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h312.38+0.054%$110.5M$131.1M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.44+0.074%$18.5M$27.8M75xas long as short
Bitget TAOUSDT+0.0100%4h311.50−0.227%$34.8M$46.7M50xas long as short
BingX TAO-USDT+0.0100%4h312.11−0.032%—$30.4M—as long as short
edgeX TAOUSDC+0.0100%4h311.50−0.228%$40K$280K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.50+0.093%$518K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.35−0.275%$47K$268K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h312.62+0.131%$76K$466K5xas long as short
Bullet TAO-USD+0.0100%1h312.51+0.096%$11K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h312.45+0.077%$60K$275K10xas long as short
SunX TAO-USDT+0.0100%4h312.36+0.048%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h312.53+0.102%$127K$410K20xas long as short
Phemex TAOUSDT+0.0100%4h312.59+0.122%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h312.68+0.151%$172K$9983xas long as short
Katana Perps TAO-USD+0.0109%8h312.49+0.090%$3K$557K5xas long as short
Aster TAOUSDT+0.0175%4h312.02−0.060%$1.1M$7.9M50xas long as short
Arcus TAO-USD+0.0186%1h312.69+0.154%$83K$565K5xas long as short
Paradex TAO-USD-PERP+0.0189%8h312.35+0.046%$14K$1K10xas long as short
Variational Omni TAO+0.0218%4h312.89+0.219%$3.9M$7.1M—as long as short
Deribit TAO_USDC-PERPETUAL+0.0248%1h312.50+0.092%$21K$1.5M25xas long as short
BloFin TAO-USDT+0.0340%4h312.58+0.119%$4.4M$10.5M100xas long as short
Kraken Futures PF_TAOUSD+0.0450%1h312.51+0.095%$5.7M$19.9M50xas long as short
Nado TAO-PERP+0.0453%1h312.52+0.098%$822K$2.0M10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0475% / S −0.0175%1h312.27+0.019%$448K—100xas long as short
Backpack TAO_USDC_PERP+0.0516%1h312.62+0.131%$292K$803K10xas long as short
Phoenix TAO+0.0537%1h312.90+0.221%$327K$521K5xas long as short
01 Exchange TAOUSD+0.0600%1h312.70+0.157%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h312.47+0.082%$359—20xas long as short
Extended TAO-USD+0.0856%1h312.39+0.059%$859K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h313.27+0.340%$1.5M$5.8M50xas long as short
Lighter TAO+0.1208%1h312.25+0.014%$1.6M$5.8M5xas long as short
RISEx TAO/USDC+0.1238%1h312.51+0.096%$435K$567K5xas long as short
Hyperliquid TAO+0.1632%1h312.16−0.016%$97.2M$84.2M5xas long as short