TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0055%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Bullet+0.222%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 ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 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. ApeX Omni is 0.222% dearer against Bullet than usual: you sell high and buy low (spread +0.222% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	315.23	0.0212	pay 0.0027% / 1h	38m 54s	$12K	$17K	20x
Short	ApeX Omni TAOUSDT	315.93	0.0157	get 0.0020% / 1h	38m 54s	$45K	$257K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.222%Rate

Funding earned: −$11.58
Price spread: +0.222% → 0.000%: $22.21
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.38
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Bullet: no order-book sample; ApeX Omni: live order book, 58 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 ApeX Omni live order book, 58 min ago	4.90 bp	12.7 bp −$13	119.1 bp −$1,191	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 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	314.88	−0.112%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.21	−0.006%	$49K	$714K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.97	−0.082%	$2K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.105%	$26.2M	$129.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	−0.200%	$14.8M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.74	−0.155%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.57	−0.209%	$35.4M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.10	−0.041%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.87	−0.114%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.04	−0.060%	$115K	$589K	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	315.02	−0.067%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.24	+0.002%	$173K	$998	3x	as long as short
Binance TAOUSDT	+0.0150%	4h	314.87	−0.115%	$91.8M	$529.8M	75x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.80	−0.136%	$104.2M	$151.7M	300x	as long as short
ApeX Omni TAOUSDTshort	+0.0157%	1h	315.93	+0.222%	$45K	$257K	50x
edgeX TAOUSDC	+0.0158%	4h	315.84	+0.193%	$42K	$320K	10x	as long as short
dYdX TAO-USD	+0.0200%	1h	315.13	−0.032%	$127K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0209%	4h	315.08	−0.048%	$54K	$299K	10x	as long as short
Bullet TAO-USDlong	+0.0212%	1h	315.23	long leg	$12K	$17K	20x
GRVT TAO_USDT_Perp	+0.0220%	4h	316.21	+0.311%	$541K	$877K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	+0.305%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	315.28	+0.015%	$14K	$876	10x	as long as short
Bybit TAOUSDT	+0.0309%	4h	315.02	−0.067%	$69.3M	$155.5M	50x	as long as short
Aster TAOUSDT	+0.0313%	4h	314.84	−0.122%	$1.2M	$11.1M	50x	as long as short
BingX TAO-USDT	+0.0328%	4h	314.78	−0.143%	—	$37.4M	—	as long as short
Pacifica TAO	+0.0349%	1h	315.36	+0.041%	$370K	$440K	10x	as long as short
Extended TAO-USD	+0.0360%	1h	314.71	−0.164%	$894K	$2.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	314.81	−0.134%	$370K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0363%	1h	315.09	−0.046%	$15K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0390%	4h	315.06	−0.054%	$4.7M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	315.58	+0.111%	$99K	$371K	5x	as long as short
Hyperliquid TAO	+0.0473%	1h	315.19	−0.013%	$92.8M	$108.4M	5x	as long as short
Nado TAO-PERP	+0.0526%	1h	315.33	+0.033%	$767K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.20	+0.308%	$318K	$714K	5x	as long as short
Variational Omni TAO	+0.0602%	4h	315.71	+0.153%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0608%	1h	315.26	+0.010%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.52	+0.092%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0693%	1h	315.10	−0.041%	$315K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.12	−0.036%	$362	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0790%	1h	315.13	−0.030%	$5.9M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	315.25	+0.005%	$436K	$682K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.75	+0.165%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.310%	$23K	$2K	12x	as long as short