TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0456%/8h= +49.9% APRnext payment +$0.57 per $10,000 · paid last 24h +0.175%

Price spread now: Coinbase International against Extended+1.018%7-day average +0.225% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs+$38as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 4 days (all we have)−0.785%−$78 · spread now +1.018%, 7d avg +0.225%

Together, before fees−0.315%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Coinbase International is 0.792% dearer against Extended than usual: you sell high and buy low: +$79 more if the spread goes back to its 7-day average of +0.225%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	319.70	0.0488	pay 0.0061% / 1h	46m 40s	$917K	$2.4M	25x
Short	Coinbase International TAO-PERP-INTX	322.95	0.0944	get 0.0118% / 1h	46m 40s	$1.5M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +1.018%Rate

Funding earned: $95.76
Price spread: +1.018% → +0.225%: $79.25
Slippage, 4 orders: −$26.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $133.97
Costs to cover: 0.410%
Break-even: from the start

Slippage from Extended: live order book, 2 min ago; Coinbase International: live order book, 2 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 Extended live order book, 2 min ago	1.40 bp	3.9 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	8.56 bp	16.7 bp −$17	21.0 bp −$210	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	−0.2101%	1h	320.87	+0.367%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.14	−0.174%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.72	+0.006%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.19	+0.154%	$41K	$694K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+0.032%	$26.5M	$129.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.90	−0.249%	$14.1M	$51.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.46	−0.074%	$17.5M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.41	−0.090%	$36.0M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.69	+0.311%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.90	+0.064%	$76K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.62	−0.024%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.91	+0.067%	$117K	$587K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.93	+0.073%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.34	+0.201%	$1K	$992K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.03	+0.106%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	319.84	+0.045%	$53K	$293K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0122% / S +0.0155%	1h	319.66	−0.012%	$432K	—	100x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.71	+0.318%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	319.77	+0.023%	$104.8M	$149.5M	300x	as long as short
Binance TAOUSDT	+0.0152%	4h	319.61	−0.027%	$92.6M	$526.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0261%	8h	319.63	−0.021%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0307%	4h	319.45	−0.076%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0373%	1h	320.05	+0.110%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0386%	4h	319.61	−0.027%	—	$34.4M	—	as long as short
BloFin TAO-USDT	+0.0392%	4h	319.76	+0.020%	$4.7M	$11.1M	100x	as long as short
Bybit TAOUSDT	+0.0400%	4h	319.74	+0.014%	$69.8M	$155.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0424%	4h	322.11	+0.754%	$548K	$948K	10x	as long as short
Extended TAO-USDlong	+0.0488%	1h	319.70	long leg	$917K	$2.4M	25x
Pacifica TAO	+0.0525%	1h	319.63	−0.021%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0536%	4h	321.98	+0.713%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.70	+0.627%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0568%	1h	319.83	+0.043%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0608%	1h	319.54	−0.049%	$317K	$899K	10x	as long as short
Nado TAO-PERP	+0.0636%	1h	320.86	+0.363%	$802K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.14	+0.139%	$103K	$394K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	320.52	+0.258%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0660%	1h	319.54	−0.049%	$94.4M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.97	+0.086%	$368	—	20x	as long as short
Lighter TAO	+0.0800%	1h	319.77	+0.023%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0944%	1h	322.95	+1.018%	$1.5M	$6.9M	50x
RISEx TAO/USDC	+0.1077%	1h	319.45	−0.076%	$460K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1153%	1h	320.03	+0.106%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.676%	$24K	$2K	12x	as long as short