TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0317%/8h= +34.7% APRnext payment +$1.59 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Gate+0.009%93s7-day average +0.059% · 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—prices read too far apart to compare

costs, in and out, $10k−$490.488% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.430%+$43 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.009%, 7d avg +0.059%

Together, before fees+0.479%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.049% cheaper against Gate than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.059%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	317.90	0.0100	pay 0.0050% / 4h	17m 38s	$14.7M	$51.9M	50x
Short	BloFin TAO-USDT	317.93	0.0417	get 0.0209% / 4h	17m 38s	$4.7M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.009%Rate

Funding earned: $66.63
Price spread: +0.009% → +0.059%: −$4.94
Slippage, 4 orders: −$21.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $12.94
Costs to cover: 0.488%
Break-even: 5.6 days

Slippage from Gate: live order book, 1 min ago; BloFin: 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 Gate live order book, 1 min ago	1.58 bp	14.9 bp −$15	39.9 bp −$399	56.9 bp −$5,692	93.1 bp −$46.6K
Sell BloFin live order book, 6 min ago	1.42 bp	9.8 bp −$10	17.3 bp −$173	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.12	+0.070%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0073%	1h	317.94	+0.013%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.92	+0.006%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.10	+0.063%	$26.4M	$131.2M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	317.90	long leg	$14.7M	$51.9M	50x
KuCoin TAOUSDTM	+0.0100%	4h	318.09	+0.060%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.77	−0.041%	$35.7M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.06	−0.579%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.73	−0.053%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.21	+0.098%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.76	−0.044%	$116K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0138%	1h	318.13	+0.072%	$406K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.72	−0.057%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.55	+0.205%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0165%	4h	315.99	−0.602%	$42K	$319K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0166%	4h	318.49	+0.186%	$52K	$294K	10x	as long as short
MEXC TAO_USDT	+0.0176%	4h	318.20	+0.094%	$103.3M	$152.4M	300x	as long as short
Binance TAOUSDT	+0.0185%	4h	318.08	+0.057%	$92.0M	$531.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0252%	8h	318.13	+0.071%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0258%	4h	318.11	+0.066%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0260%	4h	318.22	+0.101%	$69.7M	$156.9M	50x	as long as short
Bullet TAO-USD	+0.0283%	1h	318.55	+0.204%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0306%	4h	315.58	−0.730%	$537K	$907K	10x	as long as short
Pacifica TAO	+0.0313%	1h	318.22	+0.101%	$373K	$466K	10x	as long as short
Aster TAOUSDT	+0.0347%	4h	318.24	+0.107%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	317.99	+0.030%	$903K	$2.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0417%	4h	317.93	+0.009%	$4.7M	$10.9M	100x
Phemex TAOUSDT	+0.0439%	4h	318.23	+0.104%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0459%	1h	317.53	−0.117%	$781K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	318.33	+0.135%	$100K	$384K	5x	as long as short
Lighter TAO	+0.0552%	1h	318.36	+0.143%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0557%	4h	315.52	−0.749%	$5.5M	$10.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0585%	1h	318.51	+0.193%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	316.40	−0.472%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0677%	1h	318.42	+0.164%	$297K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	318.17	+0.085%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.23	+0.104%	$366	—	20x	as long as short
Hyperliquid TAO	+0.0714%	1h	318.30	+0.126%	$94.0M	$110.5M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.06	+0.049%	$450K	$655K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0832%	1h	318.61	+0.224%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.99	+0.028%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.230%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.283%	$23K	$2K	12x	as long as short