TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against Pacifica−0.020%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Pacifica Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.020%, 7d avg −0.008%

Together, before fees+0.083%+ Points / potential airdropPacifica: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	307.16	0.0164	pay 0.0020% / 1h	6m 50s	$363K	$369K	10x
Short	Popdex TAOUSDT	307.10	0.0096	get 0.0012% / 1h	6m 50s	$45K	$540K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$14.18
Price spread: −0.020% → −0.008%: −$1.15
Slippage, 4 orders: −$27.93
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$57.66
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 min ago; Popdex: live order book, 12 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, 12 min ago	3.43 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 12 min ago	3.43 bp	10.5 bp −$11	84.7 bp −$847	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	−0.418%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.84	−0.105%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	306.74	−0.136%	$126K	$85K	5x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	307.10	−0.020%	$45K	$540K	20x
Binance TAOUSDT	+0.0100%	4h	307.57	+0.134%	$86.1M	$414.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.66	+0.163%	$59.7M	$121.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.50	+0.111%	$24.7M	$96.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.36	+0.065%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.30	+0.046%	$12.3M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.51	+0.114%	$114.9M	$126.2M	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	307.40	+0.078%	$18.6M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.32	+0.052%	$34.3M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.56	+0.130%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.62	−0.177%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	+0.018%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.60	−0.182%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.20	+0.013%	$75K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.11	−0.016%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.95	−0.068%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.95	−0.068%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.12	−0.013%	$122K	$369K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.22	+0.020%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.21	+0.017%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	307.03	−0.042%	$2K	$511K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.155%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0131%	4h	307.45	+0.094%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	307.04	−0.038%	$14K	$1K	10x	as long as short
Pacifica TAOlong	+0.0164%	1h	307.16	long leg	$363K	$369K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.80	−0.117%	$438K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	307.05	−0.037%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0315%	1h	306.98	−0.058%	$829K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.22	+0.020%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0368%	1h	307.44	+0.091%	$1.7M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	307.33	+0.055%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0459%	1h	307.46	+0.098%	$295K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.020%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	307.06	−0.034%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.32	+0.054%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.76	+0.195%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	307.10	−0.021%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1150%	1h	307.87	+0.230%	$93.9M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	307.24	+0.026%	$418K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.511%	$22K	$264	12x	as long as short