TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.039%

Price spread now: Nado against Arcus−0.080%7-day average −0.066% · 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−$43as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Arcus Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 3 days (all we have)+0.405%+$41 · spread now −0.080%, 7d avg −0.066%

Together, before fees+0.446%+ Points / potential airdropNado: Active · farm board+$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.041% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	308.26	0.0100	pay 0.0013% / 1h	22m 40s	$137K	$598K	5x
Short	Nado TAO-PERP	308.01	0.0287	get 0.0036% / 1h	22m 40s	$842K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: $39.35
Price spread: −0.080% → −0.066%: −$1.41
Slippage, 4 orders: −$30.45
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.01
Costs to cover: 0.420%
Break-even: 7.7 days

Slippage from Arcus: live order book, 1 min ago; Nado: live order book, 6 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 Arcus live order book, 1 min ago	4.70 bp	15.8 bp −$16	28.2 bp −$282	doesn't fit	doesn't fit
Sell Nado live order book, 6 min ago	1.48 bp	8.0 bp −$8	18.5 bp −$185	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	306.98	−0.414%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.77	−0.159%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.76	−0.161%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.15	−0.036%	$41K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.16	−0.358%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.13	−0.368%	$85.8M	$404.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.26	−0.324%	$59.3M	$118.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.40	−0.279%	$25.3M	$93.2M	50x	as long as short
Arcus TAO-USDlong	+0.0100%	1h	308.26	long leg	$137K	$598K	5x
Bulk TAO-USD	+0.0100%	1h	307.07	−0.386%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.10	−0.376%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.31	−0.308%	$114.1M	$124.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.05	−0.393%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.78	−0.480%	$34.3M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.10	−0.376%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.766%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−1.017%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−1.007%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−1.090%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.34	+0.026%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.06	−0.064%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.87	−0.127%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.76	−0.162%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.88	−0.123%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.36	−0.292%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.00	−0.083%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	308.21	−0.016%	$1K	$437K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	307.04	−0.396%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	307.18	−0.352%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.80	−0.150%	$440K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.30	−0.311%	$325K	$462K	5x	as long as short
Nado TAO-PERPshort	+0.0287%	1h	308.01	−0.080%	$842K	$1.9M	10x
BloFin TAO-USDT	+0.0340%	4h	307.69	−0.185%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	308.54	+0.091%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.25	−0.004%	$354	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	307.01	−0.404%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	307.51	−0.242%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.04	−0.071%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.72	−0.175%	$6.3M	$19.3M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.32	+0.019%	$415K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1116%	1h	307.34	−0.298%	$444K	$715K	10x	as long as short
Hyperliquid TAO	+0.1738%	1h	307.65	−0.198%	$94.1M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.746%	$22K	$171	12x	as long as short