TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.011%

Price spread now: Deribit against Pacifica−0.140%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.229%−$23 on $10k

Price spread, last 3 days (all we have)+0.195%+$20 · spread now −0.140%, 7d avg +0.012%

Together, before fees−0.034%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.152% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.012%). If the spread goes back, that is −$15 on $10k: about 46 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.229%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	308.45	0.0100	pay 0.0013% / 1h	4m 58s	$364K	$368K	10x
Short	Deribit TAO_USDC-PERPETUAL	308.02	0.0111	get 0.0014% / 1h	4m 58s	$11K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Pacifica. 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 PacificabpFee DeribitbpOrdersPrice spread, now −0.140%Rate

Funding earned: $2.31
Price spread: −0.140% → +0.012%: −$15.23
Slippage, 4 orders: −$24.85
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.77
Costs to cover: 0.398%
Break-even: 166.9 days

Slippage from Pacifica: live order book, 18 min ago; Deribit: live order book, 4 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 Pacifica live order book, 18 min ago	1.63 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	6.77 bp	10.3 bp −$10	21.3 bp −$213	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	−0.0601%	1h	309.73	+0.413%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.01	−0.144%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.84	−0.199%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.20	−0.083%	$43K	$531K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	308.45	long leg	$364K	$368K	10x
Binance TAOUSDT	+0.0100%	4h	308.40	−0.019%	$86.5M	$405.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.60	+0.047%	$60.0M	$119.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.50	+0.015%	$25.4M	$93.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.62	+0.053%	$138K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.90	−0.180%	$12.3M	$48.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	308.24	−0.070%	$119.3M	$126.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.18	−0.089%	$18.8M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.12	−0.109%	$34.4M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.06	−0.128%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	−0.001%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	−0.042%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.235%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.59	+0.368%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.14	−0.102%	$78K	$662K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.11	−0.113%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.95	−0.164%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.94	−0.167%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.33	−0.041%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.10	−0.115%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.15	−0.099%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.29	−0.053%	$2K	$461K	5x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0111%	1h	308.02	−0.140%	$11K	$1.3M	25x
Aster TAOUSDT	+0.0156%	4h	308.07	−0.125%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	308.24	−0.070%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.209%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0304%	1h	308.13	−0.107%	$850K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	−0.024%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	307.80	−0.213%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.65	+0.063%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.04	−0.133%	$354	—	20x	as long as short
Extended TAO-USD	+0.0784%	1h	308.22	−0.076%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0898%	1h	308.19	−0.086%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.50	+0.339%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	308.44	−0.004%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.38	−0.023%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.39	−0.022%	$412K	$542K	5x	as long as short
Hyperliquid TAO	+0.1859%	1h	308.74	+0.092%	$96.8M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.089%	$22K	$271	12x	as long as short