TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.284%

Price spread now: Bulk against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bulk

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. Bulk is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	314.53	L +0.0004% / S −0.0003%	pay 0.0000% / 1h	35m 43s	$23K	—	150x
Short	Bulk TAO-USD	314.32	0.0100	get 0.0013% / 1h	35m 43s	$167K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.067%Rate

Funding earned: $20.21
Price spread: −0.067% → 0.000%: −$6.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$3.47
Costs to cover: 0.170%
Break-even: 8.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bulk: live order book, 13 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 Bulk live order book, 13 min ago	0.32 bp	4.0 bp −$4	4.4 bp −$44	4.5 bp −$445	12.3 bp −$6,155

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
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0003%	1h	314.53	long leg	$23K	—	150x
dYdX TAO-USD	+0.0043%	1h	314.08	−0.143%	$125K	$85K	5x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.22	−0.099%	$2K	$899K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.70	+0.371%	$90.4M	$507.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.372%	$26.3M	$122.8M	50x	as long as short
Bulk TAO-USDshort	+0.0100%	1h	314.32	−0.067%	$167K	$333	10x
Gate TAO_USDT	+0.0100%	4h	315.30	+0.245%	$13.9M	$50.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.75	+0.388%	$106.6M	$145.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.69	+0.369%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.42	+0.283%	$35.5M	$57.0M	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	312.76	−0.564%	$41K	$314K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.32	−0.067%	$90K	$919K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.16	−0.118%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.39	−0.045%	$111K	$546K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.84	+0.099%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.87	+0.108%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0131% / S +0.0138%	1h	314.45	−0.026%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0132%	4h	314.89	+0.114%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0177%	4h	315.37	+0.267%	$1.3M	$10.5M	50x	as long as short
Popdex TAOUSDT	+0.0200%	1h	314.51	−0.006%	$50K	$664K	20x	as long as short
Pacifica TAO	+0.0233%	1h	314.47	−0.020%	$358K	$419K	10x	as long as short
Nado TAO-PERP	+0.0251%	1h	314.58	+0.017%	$772K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0255%	8h	314.51	−0.007%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0280%	4h	313.26	−0.402%	$532K	$935K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0302%	1h	315.24	+0.226%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0334%	1h	314.85	+0.102%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.84	−0.219%	$4.6M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0375%	1h	312.24	−0.728%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0426%	4h	315.62	+0.347%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0431%	4h	314.95	+0.132%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0440%	1h	315.26	+0.233%	$902K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0445%	4h	315.81	+0.407%	$68.5M	$152.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0482%	1h	314.87	+0.110%	$9K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.70	+0.054%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	−0.169%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.42	−0.034%	$362	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.93	+0.127%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0796%	1h	315.95	+0.450%	$92.4M	$108.7M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0821%	1h	315.06	+0.169%	$311K	$887K	10x	as long as short
Lighter TAO	+0.0840%	1h	315.87	+0.425%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.17	+0.203%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.47	−0.019%	$457K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	317.66	+0.995%	$23K	$2K	12x	as long as short