TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0305%/8h= +33.4% APRnext payment +$0.38 per $10,000 · paid last 24h +0.033%

Price spread now: Extended against Deribit−0.003%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now −0.003%, 7d avg −0.064%

Together, before fees+0.141%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 0.062% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	309.39	0.0391	pay 0.0049% / 1h	3m 40s	$21K	$1.4M	25x
Short	Extended TAO-USD	309.38	0.0696	get 0.0087% / 1h	3m 40s	$838K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now −0.003%Rate

Funding earned: $64.05
Price spread: −0.003% → −0.064%: $6.18
Slippage, 4 orders: −$20.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $37.68
Costs to cover: 0.325%
Break-even: 2.9 days

Slippage from Deribit: live order book, just now; Extended: live order book, 5 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 Deribit live order book, just now	6.63 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.12 bp	4.9 bp −$5	6.9 bp −$69	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
Bulk TAO-USD	−0.0396%	1h	305.88	−1.136%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	309.15	−0.078%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	309.25	−0.046%	$124K	$88K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.80	−0.191%	$45K	$542K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.46	+0.021%	$86.8M	$415.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.52	+0.042%	$60.3M	$121.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.40	+0.003%	$24.9M	$97.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	309.62	+0.074%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.10	−0.094%	$12.3M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.40	+0.003%	$116.7M	$126.5M	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	309.39	0.000%	$18.6M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.14	−0.081%	$34.5M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	309.46	+0.022%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.10	−0.740%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	−0.703%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.07	−0.750%	$46K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	309.35	−0.013%	$76K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	309.47	+0.025%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.24	−0.049%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.26	−0.042%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.66	+0.087%	$123K	$371K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	309.26	−0.042%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.63	+0.079%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	309.29	−0.033%	$1K	$511K	5x	as long as short
Variational Omni TAO	+0.0118%	4h	307.52	−0.604%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0151%	4h	309.49	+0.032%	$1.1M	$7.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0162%	8h	309.49	+0.033%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	309.39	0.000%	$366K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	309.15	−0.079%	$441K	—	100x	as long as short
Nado TAO-PERP	+0.0312%	1h	309.41	+0.007%	$845K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.78	−0.198%	$4.3M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	309.53	+0.044%	$1.7M	$5.4M	5x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0391%	1h	309.39	long leg	$21K	$1.4M	25x
01 Exchange TAOUSD	+0.0424%	1h	309.22	−0.055%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0469%	1h	309.50	+0.035%	$297K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.741%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	309.34	−0.017%	$356	—	20x	as long as short
Extended TAO-USDshort	+0.0696%	1h	309.38	−0.003%	$838K	$2.0M	25x
Coinbase International TAO-PERP-INTX	+0.1008%	1h	309.41	+0.006%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1021%	1h	309.48	+0.028%	$5.8M	$19.6M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	309.35	−0.013%	$421K	$533K	5x	as long as short
Hyperliquid TAO	+0.1188%	1h	309.91	+0.168%	$94.6M	$80.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	−0.214%	$22K	$264	12x	as long as short