TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.1266%/8h= −138.7% APRnext payment −$1.58 per $10,000 · paid last 24h −0.452%

Price spread now: Bulk against Coinbase International−0.159%7-day average −0.239% · 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−$30as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.718%−$72 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.159%, 7d avg −0.239%

Together, before fees−0.759%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.080% dearer against Coinbase International than usual: you sell high and buy low (spread −0.159% now, against its 7-day average of −0.239%): +$8 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	308.31	0.0960	pay 0.0120% / 1h	0m 07s	$1.5M	$5.4M	50x
Short	Bulk TAO-USD	307.82	−0.0306	pay 0.0038% / 1h	0m 07s	$202K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Coinbase International. 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 Coinbase InternationalbpFee BulkbpOrdersPrice spread, now −0.159%Rate

Funding earned: −$265.93
Price spread: −0.159% → −0.239%: $8.02
Slippage, 4 orders: −$20.55
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$295.45
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bulk: live order book, 24 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 Coinbase International live order book, 4 min ago	7.59 bp	15.2 bp −$15	19.5 bp −$195	doesn't fit	doesn't fit
Sell Bulk live order book, 24 min ago	0.16 bp	4.3 bp −$4	8.4 bp −$84	25.6 bp −$2,561	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
Bulk TAO-USDshort	−0.0306%	1h	307.82	−0.159%	$202K	$57K	10x
dYdX TAO-USD	0.0000%	1h	308.46	+0.049%	$130K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.39	−0.297%	$11K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.77	−0.176%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.24	−0.023%	$43K	$532K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.71	+0.130%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.59	−0.232%	$86.3M	$406.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.66	−0.211%	$59.9M	$119.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.50	−0.263%	$24.8M	$94.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.67	+0.117%	$138K	$584K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.40	−0.295%	$12.3M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.55	−0.247%	$120.0M	$127.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.45	−0.279%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.43	−0.285%	$34.6M	$45.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.61	−0.227%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.90	+0.193%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.38	+0.347%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	+0.116%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	0.000%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.35	+0.013%	$78K	$651K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.21	−0.033%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.42	−0.289%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.06	−0.081%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.23	−0.350%	$121K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.52	−0.256%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.53	−0.253%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	308.43	+0.039%	$631	$469K	5x	as long as short
Aster TAOUSDT	+0.0160%	4h	307.88	−0.141%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0161%	8h	308.53	+0.073%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.256%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0319%	1h	308.24	−0.022%	$847K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.79	+0.156%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	307.73	−0.188%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	308.55	+0.078%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.17	−0.045%	$354	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	307.44	−0.282%	$898K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0873%	1h	307.65	−0.214%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0960%	1h	308.31	long leg	$1.5M	$5.4M	50x
Lighter TAO	+0.0968%	1h	307.96	−0.112%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.59	−0.234%	$6.3M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.44	+0.044%	$415K	$544K	5x	as long as short
Hyperliquid TAO	+0.1879%	1h	308.27	−0.013%	$96.6M	$77.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.136%	$22K	$271	12x	as long as short