TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h −0.012%

Price spread now: Deribit against Aevo+0.036%7-day average −0.003% · you sell dearer than you buy

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

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now +0.036%, 7d avg −0.003%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.039% dearer against Aevo than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, 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	Aevo TAO-PERP	305.77	0.0104	pay 0.0013% / 1h	25m 29s	$168K	$998	3x
Short	Deribit TAO_USDC-PERPETUAL	305.88	0.0174	get 0.0022% / 1h	25m 29s	$15K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.036%Rate

Funding earned: $14.7
Price spread: +0.036% → −0.003%: $3.91
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.39
Costs to cover: 0.230%
Break-even: 9.1 days

Slippage unknown: Aevo: live order book, 63 min ago; Deribit: live order book, 4 min ago. 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, 63 min ago	38.01 bp	54.0 bp −$54	312.1 bp −$3,121	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	3.76 bp	doesn't fit	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	307.19	+0.465%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	306.97	+0.393%	$23K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.52	+0.573%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.57	+0.590%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.07	+0.427%	$85.8M	$403.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.89	+0.367%	$59.3M	$118.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.90	+0.371%	$25.3M	$93.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.67	+0.622%	$138K	$597K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.426%	$201K	$57K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.10	+0.436%	$12.2M	$48.1M	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	307.20	+0.469%	$114.1M	$123.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.37	+0.524%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.16	+0.456%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.20	+0.469%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.577%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−0.210%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−0.200%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.284%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.67	+0.622%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.23	+0.478%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.81	+0.341%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.75	−0.006%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.72	−0.015%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.94	+0.057%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	305.77	long leg	$168K	$998	3x
Katana Perps TAO-USD	+0.0112%	8h	307.70	+0.632%	$1K	$437K	5x	as long as short
Aster TAOUSDT	+0.0149%	4h	307.12	+0.444%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	307.52	+0.575%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0174%	1h	305.88	+0.036%	$15K	$1.3M	25x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.98	+0.396%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	305.60	−0.055%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0290%	1h	307.32	+0.509%	$840K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.11	−0.215%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.93	+0.707%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.23	+0.478%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.50	+0.566%	$902K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	307.77	+0.657%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.79	+0.335%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	306.29	+0.170%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.67	+0.621%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1171%	1h	306.68	+0.299%	$443K	$715K	10x	as long as short
Hyperliquid TAO	+0.1726%	1h	307.81	+0.668%	$94.1M	$76.2M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	+0.063%	$22K	$171	12x	as long as short