TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0234%/8h= −25.6% APRnext payment −$0.29 per $10,000 · paid last 24h +0.033%

Price spread now: 01 Exchange against Backpack−0.003%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on 01 Exchange

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TAO_USDC_PERP	313.15	0.0882	pay 0.0110% / 1h	29m 37s	$316K	$814K	10x
Short	01 Exchange TAOUSD	313.14	0.0648	get 0.0081% / 1h	29m 37s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Backpack. 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 BackpackbpFee 01 ExchangebpOrdersPrice spread, now −0.003%Rate

Funding earned: −$49.11
Price spread: −0.003% → 0.000%: −$0.32
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$66.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 39 min ago; 01 Exchange: 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 Backpack live order book, 39 min ago	0.16 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	312.49	−0.211%	$125K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.32	−0.265%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.77	−0.121%	$39K	$623K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.69	−0.147%	$89.7M	$463.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.080%	$25.7M	$111.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	−0.080%	$12.7M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.98	−0.054%	$107.6M	$138.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.15	0.000%	$18.0M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.79	−0.115%	$34.9M	$53.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.73	−0.454%	$34K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	310.29	−0.915%	$511K	$966K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.54	−0.514%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.53	−0.198%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.50	−0.208%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.47	−0.217%	$128K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.90	−0.080%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.48	−0.213%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	313.01	−0.045%	$1K	$696K	5x	as long as short
Polymarket Perps TAO-USD	+0.0158%	1h	312.89	−0.083%	$82K	$678K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0169%	1h	313.10	−0.018%	$5.6M	$20.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0090%	1h	312.34	−0.259%	$437K	—	100x	as long as short
Bullet TAO-USD	+0.0222%	1h	312.73	−0.134%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0222%	4h	312.75	−0.127%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	313.04	−0.035%	$368K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0314%	8h	312.90	−0.080%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	313.31	+0.051%	$98K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−0.278%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0534%	1h	312.81	−0.107%	$776K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	313.11	−0.014%	$24K	$1.5M	25x	as long as short
Phoenix TAO	+0.0588%	1h	309.20	−1.261%	$323K	$681K	5x	as long as short
01 Exchange TAOUSDshort	+0.0648%	1h	313.14	−0.003%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	312.85	−0.096%	$360	—	20x	as long as short
BingX TAO-USDT	+0.0708%	4h	313.15	0.000%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0774%	4h	311.95	−0.384%	$5.4M	$8.8M	—	as long as short
Bybit TAOUSDT	+0.0799%	4h	312.84	−0.099%	$65.2M	$137.2M	50x	as long as short
Backpack TAO_USDC_PERPlong	+0.0882%	1h	313.15	long leg	$316K	$814K	10x
Extended TAO-USD	+0.0920%	1h	312.91	−0.078%	$898K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	313.88	+0.233%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	313.02	−0.040%	$448K	$631K	5x	as long as short
Hyperliquid TAO	+0.1210%	1h	313.29	+0.045%	$99.0M	$94.6M	5x	as long as short
Lighter TAO	+0.1416%	1h	313.32	+0.055%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−1.291%	$164K	$40K	10x	as long as short