TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0481%/8h= −52.7% APRnext payment −$0.60 per $10,000 · paid last 24h −0.174%

Price spread now: Nado against Coinbase International−0.184%7-day average −0.197% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.398%−$40 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.184%, 7d avg −0.197%

Together, before fees−0.529%+ Points / potential airdropNado: Active · farm board−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.197%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	324.09	0.1024	pay 0.0128% / 1h	32m 19s	$1.5M	$6.7M	50x
Short	Nado TAO-PERP	323.49	0.0543	get 0.0068% / 1h	32m 19s	$791K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.184%Rate

Funding earned: −$100.98
Price spread: −0.184% → −0.197%: $1.31
Slippage, 4 orders: −$28.08
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$144.75
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Nado: live order book, 1 min ago.

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 Coinbase International live order book, 2 min ago	8.00 bp	13.0 bp −$13	18.1 bp −$181	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.62 bp	7.3 bp −$7	18.4 bp −$184	doesn't fit	doesn't fit

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	−0.5583%	1h	316.49	−2.345%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	324.03	−0.019%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.11	−0.303%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.15	+0.019%	$35K	$671K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.43	−0.204%	$94.3M	$477.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.00	−0.336%	$26.6M	$119.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	−0.275%	$13.2M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.60	−0.151%	$110.4M	$141.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.28	−0.250%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.81	−0.395%	$36.1M	$54.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	322.54	−0.477%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.98	−0.034%	$87K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.01	−0.333%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.62	−0.454%	$131K	$481K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.60	−0.151%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.18	−0.280%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0111%	4h	322.98	−0.342%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	324.16	+0.022%	$689	$773K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0124%	1h	323.07	−0.316%	$450K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	323.51	−0.180%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	324.65	+0.174%	$540K	$963K	10x	as long as short
Bullet TAO-USD	+0.0318%	1h	323.51	−0.178%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0322%	8h	324.12	+0.010%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	324.60	+0.157%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0373%	4h	323.90	−0.059%	$1.2M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	322.98	−0.343%	$28K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	324.27	+0.055%	$383K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.157%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.46	+0.114%	$101K	$489K	5x	as long as short
Nado TAO-PERPshort	+0.0543%	1h	323.49	−0.184%	$791K	$2.2M	10x
BingX TAO-USDT	+0.0591%	4h	323.41	−0.210%	—	$30.2M	—	as long as short
Bybit TAOUSDT	+0.0602%	4h	323.60	−0.151%	$71.0M	$143.1M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.53	−0.174%	$372	—	20x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	324.69	+0.185%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDT	+0.0804%	1h	322.29	−0.555%	$47K	$254K	50x	as long as short
Variational Omni TAO	+0.0866%	4h	320.39	−1.141%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	323.56	−0.164%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0896%	1h	322.98	−0.341%	$949K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.1024%	1h	324.09	long leg	$1.5M	$6.7M	50x
Backpack TAO_USDC_PERP	+0.1074%	1h	324.63	+0.167%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.22	+0.040%	$460K	$628K	5x	as long as short
Hyperliquid TAO	+0.1315%	1h	323.92	−0.052%	$101.8M	$98.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.222%	$24K	$2K	12x	as long as short