TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0898%/8h= +98.3% APRnext payment +$1.12 per $10,000 · paid last 24h +0.077%

Price spread now: Backpack against gTrade (Gains Network)+0.289%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

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

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Backpack is 0.289% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	310.88	L +0.0004% / S −0.0002%	pay 0.0000% / 1h	49m 13s	$12K	—	150x
Short	Backpack TAO_USDC_PERP	311.78	0.0902	get 0.0113% / 1h	49m 13s	$315K	$815K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.289%Rate

Funding earned: $188.55
Price spread: +0.289% → 0.000%: $28.92
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $197.47
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 20 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 20 min ago	0.16 bp	13.4 bp −$13	26.0 bp −$260	doesn't fit	doesn't fit

gTrade (Gains Network): 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	310.75	−0.041%	$124K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0002%	1h	310.88	long leg	$12K	—	150x
Popdex TAOUSDT	+0.0096%	1h	311.22	+0.109%	$46K	$616K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.40	+0.167%	$89.4M	$459.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.60	+0.231%	$25.4M	$109.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.90	+0.006%	$12.6M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.40	+0.167%	$101.3M	$136.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.32	+0.141%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.11	+0.074%	$34.6M	$52.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	310.91	+0.011%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	312.42	+0.496%	$521K	$962K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	311.17	+0.093%	$57K	$321K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.00	+0.038%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.95	+0.022%	$127K	$473K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.29	+0.130%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	311.28	+0.128%	$637	$670K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0170%	1h	311.28	+0.127%	$5.6M	$20.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	310.85	−0.011%	$429K	—	100x	as long as short
Aster TAOUSDT	+0.0191%	4h	311.34	+0.148%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0229%	1h	311.22	+0.109%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	310.76	−0.038%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0260%	1h	311.50	+0.199%	$47K	$267K	50x	as long as short
Pacifica TAO	+0.0285%	1h	310.97	+0.030%	$367K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	311.41	+0.170%	$82K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.090%	$4.4M	$10.7M	100x	as long as short
Polymarket Perps TAO-USD	+0.0368%	1h	311.30	+0.135%	$90K	$673K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0371%	1h	311.16	+0.091%	$15K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+1.528%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0526%	1h	311.28	+0.129%	$767K	$2.1M	10x	as long as short
Bulk TAO-USD	+0.0529%	1h	316.43	+1.785%	$168K	$40K	10x	as long as short
Phemex TAOUSDT	+0.0545%	4h	311.11	+0.074%	$3.4M	$7.9M	50x	as long as short
Phoenix TAO	+0.0588%	1h	310.60	−0.090%	$325K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	311.64	+0.244%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0682%	4h	311.59	+0.227%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	311.33	+0.144%	$358	—	20x	as long as short
BingX TAO-USDT	+0.0722%	4h	311.23	+0.112%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0778%	4h	311.64	+0.244%	$63.6M	$135.9M	50x	as long as short
Backpack TAO_USDC_PERPshort	+0.0902%	1h	311.78	+0.289%	$315K	$815K	10x
Extended TAO-USD	+0.1000%	1h	311.30	+0.136%	$895K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	312.19	+0.421%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	311.33	+0.143%	$413K	$604K	5x	as long as short
Hyperliquid TAO	+0.1297%	1h	311.54	+0.212%	$98.9M	$92.5M	5x	as long as short
Lighter TAO	+0.1472%	1h	311.83	+0.306%	$1.6M	$6.0M	5x	as long as short