TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0203%/8h= +22.2% APRnext payment +$0.25 per $10,000 · paid last 24h +0.039%

Price spread now: Nado against Bullet−0.041%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Nado

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—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.041% cheaper against Bullet than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	308.63	0.0100	pay 0.0013% / 1h	9m 57s	$11K	$18K	20x
Short	Nado TAO-PERP	308.51	0.0303	get 0.0038% / 1h	9m 57s	$853K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: $42.54
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $23.44
Costs to cover: 0.150%
Break-even: 3.1 days

Slippage unknown: Bullet: no order-book sample; Nado: live order book, 4 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 Nado live order book, 4 min ago	1.29 bp	6.4 bp −$6	16.9 bp −$169	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
Bulk TAO-USD	−0.0601%	1h	309.73	+0.355%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.16	−0.153%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.47	−0.054%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0033%	1h	308.32	−0.103%	$14K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.72	+0.028%	$41K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.59	−0.014%	$365K	$367K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.91	−0.234%	$86.3M	$405.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.93	−0.228%	$59.9M	$119.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.00	−0.205%	$25.5M	$93.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.85	+0.070%	$138K	$603K	5x	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	308.00	−0.205%	$12.3M	$48.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.23	−0.131%	$118.4M	$125.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.21	−0.137%	$18.7M	$26.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.61	−0.332%	$34.5M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.13	−0.163%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.99	−0.210%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.74	+0.359%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.77	+0.046%	$549K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.90	+0.410%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.72	+0.028%	$78K	$675K	5x	as long as short
Bullet TAO-USDlong	+0.0100%	1h	308.63	long leg	$11K	$18K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	308.41	−0.073%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.54	−0.030%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.56	−0.024%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.15	−0.157%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.47	−0.054%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.68	+0.015%	$882	$449K	5x	as long as short
Aster TAOUSDT	+0.0154%	4h	308.23	−0.131%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	308.60	−0.010%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	308.80	+0.054%	$327K	$462K	5x	as long as short
Nado TAO-PERPshort	+0.0303%	1h	308.51	−0.041%	$853K	$1.9M	10x
BloFin TAO-USDT	+0.0340%	4h	308.31	−0.105%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.38	−0.082%	$453K	—	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	309.10	+0.151%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.59	−0.014%	$355	—	20x	as long as short
Extended TAO-USD	+0.0736%	1h	307.81	−0.267%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0935%	1h	308.20	−0.141%	$383K	$754K	10x	as long as short
Lighter TAO	+0.0936%	1h	308.76	+0.040%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	310.60	+0.637%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.56	−0.023%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.82	+0.059%	$413K	$542K	5x	as long as short
Hyperliquid TAO	+0.1819%	1h	308.76	+0.041%	$96.5M	$77.5M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.031%	$22K	$271	12x	as long as short