TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.17 per $10,000 · paid last 24h +0.062%

Price spread now: Nado against Deribit−0.045%7-day average −0.037% · 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−$38as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now −0.045%, 7d avg −0.037%

Together, before fees−0.071%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.094%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	324.14	0.0669	pay 0.0084% / 1h	33m 45s	$33K	$1.6M	25x
Short	Nado TAO-PERP	324.00	0.0531	get 0.0066% / 1h	33m 45s	$793K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.045%Rate

Funding earned: −$29.04
Price spread: −0.045% → −0.037%: −$0.74
Slippage, 4 orders: −$23.01
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.8
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Deribit: live order book, just now; Nado: live order book, 5 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 Deribit live order book, just now	5.39 bp	10.8 bp −$11	17.9 bp −$179	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	2.66 bp	8.5 bp −$8	18.2 bp −$182	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	−2.361%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.76	−0.118%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	324.11	−0.010%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	323.70	−0.136%	$35K	$671K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	324.32	+0.055%	$94.5M	$476.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.10	−0.013%	$26.7M	$119.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.80	−0.106%	$13.3M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	324.19	+0.015%	$110.5M	$140.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.93	−0.065%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	324.09	−0.016%	$36.2M	$54.3M	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	320.56	−1.104%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	324.04	−0.031%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.98	−0.050%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.78	−0.112%	$131K	$481K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	324.25	+0.033%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	324.67	+0.162%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0110%	4h	324.12	−0.007%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	323.18	−0.297%	$1K	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0106%	1h	323.94	−0.062%	$440K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	324.17	+0.008%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0248%	4h	320.95	−0.985%	$534K	$963K	10x	as long as short
Bullet TAO-USD	+0.0312%	1h	324.31	+0.052%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0320%	8h	324.16	+0.007%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.97	−0.053%	$4.6M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	324.50	+0.109%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	324.38	+0.074%	$383K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−1.124%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.32	−0.254%	$101K	$489K	5x	as long as short
Nado TAO-PERPshort	+0.0531%	1h	324.00	−0.045%	$793K	$2.2M	10x
Bybit TAOUSDT	+0.0607%	4h	324.34	+0.061%	$71.4M	$142.8M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	324.14	−0.001%	—	$30.4M	—	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0669%	1h	324.14	long leg	$33K	$1.6M	25x
Reya TAORUSDPERP	+0.0696%	1h	324.18	+0.011%	$373	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0733%	1h	320.61	−1.090%	$47K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	323.87	−0.084%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0866%	4h	320.39	−1.157%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	324.62	+0.146%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0904%	1h	324.01	−0.042%	$949K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	325.38	+0.382%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1063%	1h	324.63	+0.151%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.26	−0.272%	$458K	$628K	5x	as long as short
Hyperliquid TAO	+0.1319%	1h	324.62	+0.147%	$102.0M	$98.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.238%	$24K	$2K	12x	as long as short