Settings8H · net · $10k
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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC+0.0912%/8h= +99.9% APRpaid last 24h +0.237%
Price spread now: Coinbase International against Orderly+0.080%7-day average +0.174% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.668%+$67 on $10k
Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.080%, 7d avg +0.174%
Together, before fees+0.731%+$73 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.094% cheaper against Orderly than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.174%). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.668% in total) that is about 24 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_TAO_USDC323.120.0112pay 0.0056% / 4h1h 28m$58K$282K10x
ShortCoinbase International TAO-PERP-INTX323.380.1024get 0.0128% / 1h28m 55s$1.5M$6.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$191.57
Price spread: +0.080% → +0.174%
−$9.36
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$166.21
Costs to cover
0.160%
Break-even
0.9 days
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 5 min ago. 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 Orderly no order-book sample—————
Sell Coinbase International live order book, 5 min ago8.00 bp14.5 bp −$1419.0 bp −$190doesn't fitdoesn't fit
Orderly: 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−0.5583%1h316.49−2.052%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h322.80−0.100%$129K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h322.61−0.158%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h323.04−0.025%$33K$674K20xas long as short
Binance TAOUSDT+0.0100%4h323.60+0.149%$94.6M$479.6M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h323.50+0.118%$26.6M$119.8M50xas long as short
Gate TAO_USDT+0.0100%4h323.30+0.056%$13.3M$49.7M50xas long as short
MEXC TAO_USDT+0.0100%4h323.62+0.155%$99.8M$141.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h322.25−0.269%$18.1M$31.2M75xas long as short
Bitget TAOUSDT+0.0100%4h323.34+0.068%$36.2M$54.6M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h324.24+0.347%$37K$302K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h323.03−0.028%$87K$790K5xas long as short
SunX TAO-USDT+0.0100%4h322.93−0.059%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h323.29+0.053%$131K$482K20xas long as short
Phemex TAOUSDT+0.0100%4h323.20+0.025%$3.5M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h323.50+0.116%$178K$9983xas long as short
Orderly PERP_TAO_USDClong+0.0112%4h323.12long leg$58K$282K10x
Katana Perps TAO-USD+0.0116%8h323.05−0.022%$687$776K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0161% / S +0.0125%1h322.57−0.172%$449K—100xas long as short
Kraken Futures PF_TAOUSD+0.0243%1h322.90−0.067%$5.7M$20.6M50xas long as short
GRVT TAO_USDT_Perp+0.0264%4h323.95+0.257%$537K$964K10xas long as short
Bullet TAO-USD+0.0294%1h322.97−0.046%$12K$18K20xas long as short
Paradex TAO-USD-PERP+0.0311%8h323.27+0.045%$15K$1K10xas long as short
BloFin TAO-USDT+0.0340%4h322.64−0.149%$4.6M$11.2M100xas long as short
Aster TAOUSDT+0.0372%4h322.62−0.155%$1.1M$9.6M50xas long as short
Pacifica TAO+0.0448%1h322.95−0.052%$382K$402K10xas long as short
Phoenix TAO+0.0504%1h324.60+0.458%$339K$707K5xas long as short
Arcus TAO-USD+0.0509%1h323.47+0.108%$101K$487K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0529%1h323.28+0.049%$21K$1.6M25xas long as short
BingX TAO-USDT+0.0566%4h323.77+0.201%—$30.3M—as long as short
Nado TAO-PERP+0.0579%1h323.15+0.010%$793K$2.2M10xas long as short
Bybit TAOUSDT+0.0588%4h323.71+0.183%$70.9M$143.6M50xas long as short
Reya TAORUSDPERP+0.0696%1h322.92−0.061%$371—20xas long as short
ApeX Omni TAOUSDT+0.0723%1h323.82+0.217%$48K$253K50xas long as short
01 Exchange TAOUSD+0.0784%1h323.32+0.062%$3K$4K5xas long as short
Extended TAO-USD+0.0864%1h323.41+0.089%$944K$2.3M25xas long as short
Variational Omni TAO+0.0868%4h323.85+0.225%$6.0M$9.8M—as long as short
Lighter TAO+0.0904%1h323.19+0.022%$1.6M$6.3M5xas long as short
Coinbase International TAO-PERP-INTXshort+0.1024%1h323.38+0.080%$1.5M$6.7M50x
Backpack TAO_USDC_PERP+0.1060%1h322.97−0.046%$444K$860K10xas long as short
RISEx TAO/USDC+0.1159%1h323.01−0.032%$459K$638K5xas long as short
Hyperliquid TAO+0.1284%1h323.03−0.028%$101.5M$99.0M5xas long as short
Injective TAO/USDC PERP+0.4172%1h323.37+0.077%$24K$2K12xas long as short