TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0227%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h −0.042%

Price spread now: gTrade (Gains Network) against Arcus−0.303%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.303% cheaper against Arcus than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	313.15	0.0231	pay 0.0029% / 1h	51m 23s	$101K	$441K	5x
Short	gTrade (Gains Network) TAO/USD	312.20	L +0.0004% / S −0.0004%	get 0.0001% / 1h	51m 23s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Arcus. 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 ArcusbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.303%Rate

Funding earned: −$47.71
Price spread: −0.303% → 0.000%: −$30.34
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$92.55
Costs to cover: 0.145%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 2 min ago; gTrade (Gains Network): 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 Arcus live order book, 2 min ago	5.09 bp	14.4 bp −$14	26.6 bp −$266	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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
Kraken Futures PF_TAOUSD	−0.0346%	1h	313.91	+0.243%	$5.5M	$20.6M	50x	as long as short
Gate TAO_USDT	−0.0174%	4h	312.60	−0.176%	$13.0M	$49.3M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	312.75	−0.129%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	312.20	−0.303%	$20K	—	150x
Popdex TAOUSDT	+0.0096%	1h	312.89	−0.083%	$43K	$653K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	312.72	−0.137%	$640	$808K	5x	as long as short
Pacifica TAO	+0.0100%	1h	313.11	−0.011%	$357K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.40	−0.240%	$90.0M	$496.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.48	−0.214%	$67.4M	$149.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.20	−0.303%	$25.9M	$120.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	+0.0100%	1h	315.10	+0.623%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.75	−0.128%	$100.9M	$143.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.65	−0.160%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.46	−0.220%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.36	−0.252%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.18	+0.328%	$42K	$312K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.25	+0.351%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.66	−0.156%	$81K	$866K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.58	−0.181%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.93	+0.249%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.02	+0.278%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.30	−0.272%	$172K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0112%	4h	314.50	+0.432%	$533K	$955K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	312.18	−0.310%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0140%	4h	312.93	−0.071%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0125%	1h	312.15	−0.320%	$424K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	313.15	0.000%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0149%	1h	312.85	−0.096%	$91.8M	$106.7M	5x	as long as short
Phemex TAOUSDT	+0.0172%	4h	314.19	+0.332%	$3.2M	$8.1M	50x	as long as short
Extended TAO-USD	+0.0184%	1h	312.20	−0.302%	$918K	$2.4M	25x	as long as short
Arcus TAO-USDlong	+0.0231%	1h	313.15	long leg	$101K	$441K	5x
Nado TAO-PERP	+0.0240%	1h	312.95	−0.063%	$794K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.49	+0.428%	$4.6M	$10.8M	100x	as long as short
Lighter TAO	+0.0360%	1h	313.34	+0.060%	$1.5M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	+0.176%	$5.6M	$9.9M	—	as long as short
01 Exchange TAOUSD	+0.0400%	1h	313.00	−0.048%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0414%	1h	313.82	+0.214%	$312K	$914K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0431%	1h	314.06	+0.292%	$21K	$1.7M	25x	as long as short
Phoenix TAO	+0.0457%	1h	313.90	+0.240%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.66	−0.156%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.87	−0.091%	$434K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.97	+0.581%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.443%	$23K	$2K	12x	as long as short