TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4798%/8h= +525.4% APRnext payment +$6.00 per $10,000 · paid last 24h +0.631%

Price spread now: Injective against Deribit−0.137%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.557%+$356 on $10k

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. Injective is 0.137% cheaper against Deribit than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2 hours of funding at the current rate (+$144 a day). At the pace of the last 7 days (+3.557% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	306.38	0.0078	pay 0.0010% / 1h	28m 24s	$15K	$1.3M	25x
Short	Injective TAO/USDC PERP	305.96	0.4876	get 0.0610% / 1h	28m 24s	$22K	$171	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now −0.137%Rate

Funding earned: $1,007.62
Price spread: −0.137% → 0.000%: −$13.75
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $986.85
Costs to cover: 0.070%
Break-even: 0.1 days

Slippage unknown: Deribit: live order book, 1 min ago; Injective: 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 Deribit live order book, 1 min ago	3.76 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
dYdX TAO-USD	0.0000%	1h	305.80	−0.190%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.87	−0.494%	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0078%	1h	306.38	long leg	$15K	$1.3M	25x
Popdex TAOUSDT	+0.0096%	1h	305.15	−0.402%	$41K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.95	−0.141%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.02	−0.444%	$85.3M	$403.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.20	−0.386%	$59.0M	$118.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.00	−0.451%	$24.9M	$92.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.08	−0.098%	$136K	$595K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.225%	$201K	$57K	10x	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	305.60	−0.255%	$12.2M	$48.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.01	−0.448%	$112.7M	$123.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.13	−0.408%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.69	−0.552%	$34.2M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.02	−0.444%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.375%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.312%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.452%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.264%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.68	−0.229%	$86K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.00	−0.451%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.31	−0.023%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.19	−0.062%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.09	−0.095%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.83	−0.180%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	306.36	−0.005%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	305.28	−0.359%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	305.78	−0.195%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	305.79	−0.193%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.18	−0.066%	$437K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.626%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0307%	1h	305.31	−0.350%	$834K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.14	−0.079%	$4.2M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	305.57	−0.265%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.01	−0.448%	$351	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.57	−0.266%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0928%	1h	306.17	−0.069%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.34	+0.313%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	306.40	+0.007%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.60	−0.254%	$409K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1262%	1h	305.88	−0.164%	$442K	$712K	10x	as long as short
Hyperliquid TAO	+0.1701%	1h	305.62	−0.248%	$93.4M	$75.9M	5x	as long as short
Injective TAO/USDC PERPshort	+0.4876%	1h	305.96	−0.137%	$22K	$171	12x