TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.2403%/8h= −263.1% APRnext payment −$3.00 per $10,000 · paid last 24h −0.336%

Price spread now: Bulk against Bullet+0.239%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 Bulk

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. Bulk is 0.239% dearer against Bullet than usual: you sell high and buy low (spread +0.239% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	318.89	0.0384	pay 0.0048% / 1h	35m 56s	$12K	$17K	20x
Short	Bulk TAO-USD	319.65	−0.2019	pay 0.0252% / 1h	35m 56s	$170K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.239%Rate

Funding earned: −$504.63
Price spread: +0.239% → 0.000%: $23.86
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$495.77
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Bullet: no order-book sample; Bulk: live order book, 8 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 Bulk live order book, 8 min ago	0.16 bp	3.7 bp −$4	4.6 bp −$46	6.0 bp −$601	11.5 bp −$5,743

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
Bulk TAO-USDshort	−0.2019%	1h	319.65	+0.239%	$170K	$333	10x
dYdX TAO-USD	0.0000%	1h	318.44	−0.140%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.52	−0.115%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.86	−0.009%	$42K	$703K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.00	+0.035%	$26.7M	$129.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.50	−0.122%	$14.2M	$51.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.65	−0.075%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.60	−0.091%	$35.8M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.72	+0.260%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.74	−0.047%	$80K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.58	−0.097%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.10	−0.248%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	318.85	−0.012%	$723	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0120% / S +0.0157%	1h	318.50	−0.123%	$430K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.58	−0.095%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	318.53	−0.113%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0158%	4h	319.79	+0.283%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	318.71	−0.056%	$104.6M	$149.8M	300x	as long as short
Binance TAOUSDT	+0.0161%	4h	318.96	+0.022%	$92.2M	$528.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	318.78	−0.033%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0311%	4h	318.96	+0.022%	$3.2M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0314%	4h	318.88	−0.001%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0362%	4h	319.08	+0.060%	$69.7M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	318.89	0.000%	—	$34.5M	—	as long as short
Bullet TAO-USDlong	+0.0384%	1h	318.89	long leg	$12K	$17K	20x
BloFin TAO-USDT	+0.0401%	4h	319.27	+0.119%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0402%	4h	319.74	+0.268%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0480%	1h	318.68	−0.064%	$912K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	318.86	−0.008%	$363K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	318.75	−0.044%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.70	+0.254%	$318K	$709K	5x	as long as short
Hyperliquid TAO	+0.0622%	1h	319.07	+0.057%	$94.3M	$110.1M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	318.41	−0.152%	$11K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0628%	1h	318.98	+0.029%	$796K	$2.1M	10x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.15	+0.082%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.86	+0.304%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0670%	1h	318.94	+0.016%	$299K	$904K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.91	+0.005%	$367	—	20x	as long as short
Lighter TAO	+0.0832%	1h	318.88	−0.001%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.627%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	318.82	−0.023%	$457K	$664K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1157%	1h	318.92	+0.009%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.487%	$24K	$2K	12x	as long as short