TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.5% APRnext payment +$0.17 per $10,000 · paid last 24h +0.086%

Price spread now: 01 Exchange against Bullet−0.104%50s7-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 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

Funding pays, the price is against you. 01 Exchange is 0.104% cheaper against Bullet than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.6 days of funding at the current rate (+$4 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	315.18	0.0100	pay 0.0013% / 1h	42m 37s	$12K	$18K	20x
Short	01 Exchange TAOUSD	314.85	0.0232	get 0.0029% / 1h	42m 37s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.104%Rate

Funding earned: $27.72
Price spread: −0.104% → 0.000%: −$10.38
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $2.34
Costs to cover: 0.150%
Break-even: 6.4 days

Slippage unknown: Bullet: no order-book sample; 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 Bullet no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Bullet and 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 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	−0.0482%	1h	315.13	−0.015%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.76	−0.132%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.076%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	−0.062%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.89	−0.091%	$42K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.85	−0.104%	$90.8M	$489.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	−0.151%	$25.9M	$119.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.70	−0.151%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.96	−0.069%	$105.6M	$142.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.93	−0.078%	$17.5M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.73	−0.142%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	+0.188%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	+0.283%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.05	−0.040%	$89K	$790K	5x	as long as short
Bullet TAO-USDlong	+0.0100%	1h	315.18	long leg	$12K	$18K	20x
SunX TAO-USDT	+0.0100%	4h	315.60	+0.134%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.93	−0.078%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.04	−0.043%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.64	−0.170%	$644	$786K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.99	−0.059%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	+0.294%	$526K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	314.98	−0.063%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0134%	4h	314.78	−0.126%	$68.5M	$146.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0117%	1h	314.92	−0.081%	$427K	—	100x	as long as short
BingX TAO-USDT	+0.0161%	4h	314.96	−0.069%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	315.03	−0.047%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0200%	1h	315.35	+0.054%	$806K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0220%	4h	314.91	−0.086%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSDshort	+0.0232%	1h	314.85	−0.104%	$3K	$4K	5x
Hyperliquid TAO	+0.0263%	1h	315.18	+0.001%	$93.8M	$105.2M	5x	as long as short
Extended TAO-USD	+0.0312%	1h	314.80	−0.121%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0313%	1h	315.06	−0.037%	$316K	$910K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.07	−0.034%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.18	+0.001%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.05	−0.041%	$361K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0400%	1h	315.03	−0.046%	$11K	$1.6M	25x	as long as short
Lighter TAO	+0.0408%	1h	315.22	+0.014%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.293%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.241%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.12	−0.017%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.92	−0.081%	$436K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	+0.382%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.406%	$23K	$2K	12x	as long as short