TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0864%/8h= +94.6% APRnext payment +$1.08 per $10,000 · paid last 24h +0.216%

Price spread now: Coinbase International against Popdex−0.207%7-day average +0.181% · 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−$87as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Popdex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.458%+$46 on $10k

Price spread, last 3 days (all we have)+0.401%+$40 · spread now −0.207%, 7d avg +0.181%

Together, before fees+0.859%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.389% cheaper against Popdex than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of +0.181%). If the spread goes back, that is −$39 on $10k: about 36 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	313.94	0.0096	pay 0.0012% / 1h	44m 37s	$40K	$550K	20x
Short	Coinbase International TAO-PERP-INTX	313.29	0.0960	get 0.0120% / 1h	44m 37s	$1.5M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Popdex. 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 PopdexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.207%Rate

Funding earned: $181.44
Price spread: −0.207% → +0.181%: −$38.85
Slippage, 4 orders: −$31.35
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $94.84
Costs to cover: 0.477%
Break-even: 3.3 days

Slippage from Popdex: live order book, 34 min ago; Coinbase International: 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 Popdex live order book, 34 min ago	3.43 bp	10.9 bp −$11	73.0 bp −$730	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	7.16 bp	12.2 bp −$12	15.5 bp −$155	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	−0.4722%	1h	314.01	+0.023%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.82	−0.357%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.55	−0.444%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.143%	$23K	$260	12x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	313.94	long leg	$40K	$550K	20x
Pacifica TAO	+0.0100%	1h	313.41	−0.170%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.58	−0.115%	$88.8M	$423.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.50	−0.140%	$61.4M	$123.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	−0.204%	$25.1M	$100.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.10	−0.268%	$12.7M	$49.1M	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	313.40	−0.172%	$119.9M	$127.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.10	−0.268%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.12	−0.261%	$35.0M	$46.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.36	−0.185%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	−0.094%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.074%	$519K	$950K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.82	−0.357%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.67	−0.405%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.92	−0.325%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.93	−0.322%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.93	−0.322%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.74	−0.064%	$830	$539K	5x	as long as short
Polymarket Perps TAO-USD	+0.0137%	1h	312.93	−0.322%	$77K	$522K	5x	as long as short
Bullet TAO-USD	+0.0150%	1h	312.91	−0.329%	$11K	$17K	20x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.79	−0.048%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	−0.145%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	313.40	−0.173%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0205%	4h	313.28	−0.211%	$1.1M	$7.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0212%	1h	314.14	+0.064%	$47K	$270K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.23	−0.545%	$4.3M	$9.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.84	−0.352%	$5.8M	$19.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0473%	1h	312.86	−0.343%	$18K	$1.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.57	−0.436%	$448K	—	100x	as long as short
Nado TAO-PERP	+0.0532%	1h	312.99	−0.303%	$833K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.427%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.50	−0.140%	$301K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.79	−0.368%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	314.11	+0.054%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0872%	1h	313.31	−0.202%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0960%	1h	313.29	−0.207%	$1.5M	$5.7M	50x
RISEx TAO/USDC	+0.1238%	1h	313.89	−0.017%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1472%	1h	313.60	−0.108%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2107%	1h	313.76	−0.057%	$98.3M	$82.9M	5x	as long as short