TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h +0.001%

Price spread now: Aevo against Bullet+0.071%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Aevo

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 pays, funding is against you. Aevo is 0.071% dearer against Bullet than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	315.89	0.0231	pay 0.0029% / 1h	23m 27s	$12K	$17K	20x
Short	Aevo TAO-PERP	316.11	0.0104	get 0.0013% / 1h	23m 27s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bullet. 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 BulletbpFee AevobpOrdersPrice spread, now +0.071%Rate

Funding earned: −$26.6
Price spread: +0.071% → 0.000%: $7.12
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$43.49
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Aevo: live order book, 45 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 Bullet no order-book sample	—	—	—	—	—
Sell Aevo live order book, 45 min ago	75.44 bp	101.7 bp −$102	666.8 bp −$6,668	doesn't fit	doesn't fit

Bullet: 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	316.42	+0.169%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.48	−0.130%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.64	+0.237%	$40K	$631K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.69	+0.252%	$90.8M	$465.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	+0.256%	$26.1M	$113.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	+0.130%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.49	+0.190%	$110.1M	$138.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.82	+0.294%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.50	+0.193%	$35.3M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.509%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.364%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.73	−0.051%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.58	−0.098%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.40	−0.155%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.62	−0.086%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	316.11	+0.071%	$174K	$998	3x
Katana Perps TAO-USD	+0.0120%	8h	316.54	+0.206%	$673	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0136%	1h	316.65	+0.241%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.341%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.85	−0.013%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	315.46	−0.138%	$441K	—	100x	as long as short
Bullet TAO-USDlong	+0.0231%	1h	315.89	long leg	$12K	$17K	20x
Aster TAOUSDT	+0.0246%	4h	316.43	+0.171%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	316.68	+0.250%	$372K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	316.93	+0.329%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0345%	8h	316.68	+0.252%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0458%	1h	315.68	−0.067%	$23K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−1.143%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0501%	1h	316.67	+0.247%	$789K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	+0.003%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	317.17	+0.405%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.70	+0.256%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	316.51	+0.196%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.107%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0823%	4h	316.85	+0.304%	$66.5M	$137.8M	50x	as long as short
Extended TAO-USD	+0.0888%	1h	316.55	+0.208%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0910%	1h	316.17	+0.089%	$319K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.20	+0.098%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	316.61	+0.229%	$452K	$631K	5x	as long as short
Hyperliquid TAO	+0.1279%	1h	317.13	+0.392%	$100.5M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	317.12	+0.388%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.199%	$164K	$40K	10x	as long as short