Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0528%/8h= +57.8% APRpaid last 24h +0.074%
Price spread now: Nado against Gate+0.151%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$490.489% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.084%+$8 on $10k
Price spread, last 7 days−0.144%−$14 · spread now +0.151%, 7d avg +0.035%
Together, before fees−0.060%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Nado is 0.116% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.035%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.084% in total (about 8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT318.500.0100pay 0.0050% / 4h1h 36m$14.2M$51.7M50x
ShortNado TAO-PERP318.980.0628get 0.0079% / 1h36m 29s$796K$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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

Funding earned
$110.92
Price spread: +0.151% → +0.035%
$11.62
Slippage, 4 orders
−$26.85
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$73.69
Costs to cover
0.489%
Break-even
2.3 days
Slippage from Gate: live order book, 2 min ago; Nado: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago3.13 bp14.7 bp −$1538.4 bp −$38454.8 bp −$5,47691.3 bp −$45.6K
Sell Nado live order book, 2 min ago1.10 bp7.0 bp −$714.8 bp −$148doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2019%1h319.65+0.361%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h318.44−0.018%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.52+0.007%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h318.86+0.113%$42K$703K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.500.000%$26.7M$129.1M50xas long as short
Gate TAO_USDTlong+0.0100%4h318.50long leg$14.2M$51.7M50x
KuCoin TAOUSDTM+0.0100%4h318.71+0.066%$17.8M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h318.51+0.003%$35.7M$58.4M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.72+0.383%$45K$259K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.74+0.075%$80K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h318.85+0.110%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h318.70+0.063%$118K$589K20xas long as short
Katana Perps TAO-USD+0.0109%8h318.85+0.110%$723$1.0M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0120% / S +0.0157%1h318.50−0.001%$430K100xas long as short
Aevo TAO-PERP+0.0120%1h319.09+0.184%$175K$9983xas long as short
Orderly PERP_TAO_USDC+0.0120%4h318.53+0.009%$53K$292K10xas long as short
edgeX TAOUSDC+0.0158%4h319.79+0.406%$42K$317K10xas long as short
MEXC TAO_USDT+0.0160%4h318.93+0.135%$104.7M$149.8M300xas long as short
Binance TAOUSDT+0.0161%4h318.86+0.112%$92.2M$527.8M75xas long as short
Paradex TAO-USD-PERP+0.0257%8h318.78+0.089%$14K$1K10xas long as short
Phemex TAOUSDT+0.0257%4h318.93+0.135%$3.2M$8.1M50xas long as short
Aster TAOUSDT+0.0314%4h318.71+0.066%$1.3M$10.9M50xas long as short
Bybit TAOUSDT+0.0362%4h318.60+0.031%$69.6M$155.9M50xas long as short
BingX TAO-USDT+0.0370%4h318.78+0.088%$34.5Mas long as short
Bullet TAO-USD+0.0384%1h318.89+0.122%$12K$17K20xas long as short
BloFin TAO-USDT+0.0401%4h319.27+0.242%$4.7M$11.1M100xas long as short
GRVT TAO_USDT_Perp+0.0402%4h319.74+0.390%$544K$940K10xas long as short
Extended TAO-USD+0.0480%1h318.84+0.107%$912K$2.4M25xas long as short
Pacifica TAO+0.0525%1h318.86+0.114%$363K$423K10xas long as short
Variational Omni TAO+0.0535%4h319.70+0.376%$5.6M$10.2Mas long as short
Phoenix TAO+0.0567%1h319.70+0.377%$318K$709K5xas long as short
Hyperliquid TAO+0.0621%1h318.99+0.154%$94.3M$110.1M5xas long as short
Nado TAO-PERPshort+0.0628%1h318.98+0.151%$796K$2.1M10x
01 Exchange TAOUSD+0.0632%1h319.15+0.204%$3K$4K5xas long as short
Arcus TAO-USD+0.0641%1h319.86+0.427%$103K$394K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0643%1h318.96+0.145%$11K$1.9M25xas long as short
Backpack TAO_USDC_PERP+0.0670%1h318.93+0.135%$299K$904K10xas long as short
Reya TAORUSDPERP+0.0698%1h318.91+0.128%$36720xas long as short
Lighter TAO+0.0824%1h319.05+0.173%$1.5M$6.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.89+0.750%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h318.82+0.100%$457K$664K5xas long as short
Kraken Futures PF_TAOUSD+0.1157%1h319.03+0.168%$6.0M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.63+1.611%$24K$2K12xas long as short