TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.068%

Price spread now: Nado against ApeX Omni+0.103%7-day average −0.028% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.103%, 7d avg −0.028%

Together, before fees−0.126%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Nado is 0.130% dearer against ApeX Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	323.91	0.0520	pay 0.0065% / 1h	57m 16s	$47K	$258K	50x
Short	Nado TAO-PERP	324.24	0.0531	get 0.0066% / 1h	57m 16s	$821K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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 ApeX OmnibpFee NadobpOrdersPrice spread, now +0.103%Rate

Funding earned: $2.47
Price spread: +0.103% → −0.028%: $13.02
Slippage, 4 orders: −$26.08
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$27.58
Costs to cover: 0.431%
Break-even: 85.1 days

Slippage from ApeX Omni: live order book, 49 min ago; Nado: live order book, 2 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 ApeX Omni live order book, 49 min ago	5.58 bp	13.0 bp −$13	111.1 bp −$1,111	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.15 bp	8.3 bp −$8	20.5 bp −$205	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	−0.1440%	1h	322.10	−0.560%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	324.54	+0.194%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	324.11	+0.061%	$21K	—	150x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.20	+0.090%	$26.9M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	324.30	+0.120%	$14.3M	$51.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.93	+0.006%	$17.7M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	324.09	+0.056%	$36.5M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	324.50	+0.182%	$76K	$991K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	324.16	+0.077%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.88	−0.009%	$118K	$582K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	323.88	−0.009%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	324.25	+0.105%	$1K	$969K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	324.16	+0.077%	$54K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	324.41	+0.156%	$178K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0124% / S +0.0144%	1h	324.13	+0.069%	$433K	—	100x	as long as short
MEXC TAO_USDT	+0.0152%	4h	324.30	+0.120%	$105.5M	$148.7M	300x	as long as short
edgeX TAOUSDC	+0.0156%	4h	324.58	+0.208%	$43K	$315K	10x	as long as short
Binance TAOUSDT	+0.0158%	4h	324.32	+0.127%	$94.4M	$520.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0278%	8h	324.97	+0.326%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0316%	4h	324.38	+0.146%	$1.3M	$10.8M	50x	as long as short
Bybit TAOUSDT	+0.0373%	4h	324.18	+0.083%	$70.9M	$155.1M	50x	as long as short
BingX TAO-USDT	+0.0382%	4h	324.19	+0.086%	—	$34.2M	—	as long as short
BloFin TAO-USDT	+0.0398%	4h	324.59	+0.210%	$4.7M	$11.3M	100x	as long as short
Bullet TAO-USD	+0.0412%	1h	324.64	+0.227%	$12K	$17K	20x	as long as short
Popdex TAOUSDT	+0.0448%	1h	324.59	+0.210%	$42K	$687K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0476%	4h	323.22	−0.212%	$551K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	324.14	+0.072%	$927K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0509%	4h	323.35	−0.174%	$5.7M	$10.1M	—	as long as short
Phoenix TAO	+0.0513%	1h	324.40	+0.151%	$323K	$709K	5x	as long as short
ApeX Omni TAOUSDTlong	+0.0520%	1h	323.91	long leg	$47K	$258K	50x
Pacifica TAO	+0.0525%	1h	324.51	+0.185%	$369K	$422K	10x	as long as short
Nado TAO-PERPshort	+0.0531%	1h	324.24	+0.103%	$821K	$2.2M	10x
Deribit TAO_USDC-PERPETUAL	+0.0590%	1h	324.22	+0.095%	$18K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	324.47	+0.173%	$105K	$384K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	324.48	+0.176%	$373	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0700%	1h	324.27	+0.111%	$323K	$897K	10x	as long as short
01 Exchange TAOUSD	+0.0720%	1h	324.84	+0.287%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0785%	1h	324.66	+0.232%	$96.1M	$109.9M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	325.23	+0.408%	$1.5M	$6.9M	50x	as long as short
Lighter TAO	+0.0992%	1h	324.53	+0.191%	$1.6M	$6.5M	5x	as long as short
RISEx TAO/USDC	+0.1077%	1h	324.41	+0.153%	$465K	$651K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1138%	1h	324.32	+0.126%	$6.1M	$21.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.62	−0.090%	$24K	$2K	12x	as long as short