TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0131%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h −0.001%

Price spread now: Bullet against Aevo−0.161%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bullet is 0.161% cheaper against Aevo than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 4.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	317.20	0.0104	pay 0.0013% / 1h	23m 18s	$174K	$998	3x
Short	Bullet TAO-USD	316.69	0.0235	get 0.0029% / 1h	23m 18s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Aevo. 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 AevobpFee BulletbpOrdersPrice spread, now −0.161%Rate

Funding earned: $27.57
Price spread: −0.161% → 0.000%: −$16.13
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$12.56
Costs to cover: 0.240%
Break-even: 10.2 days

Slippage unknown: Aevo: live order book, 46 min ago; Bullet: no order-book sample. Net counts fees only.

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 Aevo live order book, 46 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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 42 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
dYdX TAO-USD	0.0000%	1h	316.42	−0.245%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.42	−0.246%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.64	−0.177%	$40K	$631K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.87	−0.106%	$90.8M	$465.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	−0.095%	$26.2M	$113.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	−0.284%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.68	−0.164%	$110.3M	$138.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.68	−0.164%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.75	−0.142%	$35.3M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.920%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.776%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.89	−0.098%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.74	−0.146%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.40	−0.568%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.62	−0.499%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	317.20	long leg	$174K	$998	3x
Katana Perps TAO-USD	+0.0120%	8h	316.54	−0.209%	$673	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0136%	1h	316.65	−0.174%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.753%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.72	−0.150%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	316.27	−0.293%	$442K	—	100x	as long as short
Bullet TAO-USDshort	+0.0235%	1h	316.69	−0.161%	$12K	$17K	20x
Aster TAOUSDT	+0.0246%	4h	316.70	−0.157%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	316.68	−0.164%	$372K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	316.93	−0.086%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0345%	8h	316.68	−0.163%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.463%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0501%	1h	316.67	−0.168%	$789K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	−0.410%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	317.17	−0.010%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0664%	1h	316.75	−0.142%	$23K	$1.5M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.70	−0.158%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	316.75	−0.142%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.520%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0823%	4h	317.07	−0.041%	$66.6M	$137.8M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	316.88	−0.102%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0910%	1h	316.17	−0.325%	$319K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.98	−0.070%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	316.61	−0.186%	$452K	$631K	5x	as long as short
Hyperliquid TAO	+0.1279%	1h	317.13	−0.023%	$100.5M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	317.12	−0.027%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.603%	$164K	$40K	10x	as long as short