TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.4603%/8h= −504.0% APRnext payment −$5.75 per $10,000 · paid last 24h −0.695%

Price spread now: Aevo against Injective−1.559%59s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−3.490%−$349 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$138 a day on $10k at the current rate, and Aevo is 1.559% cheaper against Injective than usual: you would sell low and buy high (−$156 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	323.63	0.4723	pay 0.0590% / 1h	35m 58s	$24K	$2K	12x
Short	Aevo TAO-PERP	318.58	0.0120	get 0.0015% / 1h	35m 58s	$175K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Injective. 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 InjectivebpFee AevobpOrdersPrice spread, now −1.559%Rate

Funding earned: −$966.55
Price spread: −1.559% → 0.000%: −$155.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,138.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aevo: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Aevo live order book, 8 min ago	56.19 bp	77.3 bp −$77	426.1 bp −$4,261	doesn't fit	doesn't fit

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
Bulk TAO-USD	−0.2019%	1h	319.65	−1.230%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.44	−1.603%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.52	−1.578%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.86	−1.474%	$42K	$703K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.80	−1.492%	$26.7M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.60	−1.554%	$14.2M	$51.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.46	−1.598%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.52	−1.579%	$35.8M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.72	−1.208%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.74	−1.511%	$80K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.58	−1.560%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.10	−1.709%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	318.85	−1.477%	$723	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0120% / S +0.0157%	1h	318.50	−1.586%	$430K	—	100x	as long as short
Aevo TAO-PERPshort	+0.0120%	1h	318.58	−1.559%	$175K	$998	3x
Orderly PERP_TAO_USDC	+0.0120%	4h	318.53	−1.576%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0158%	4h	319.79	−1.186%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	319.07	−1.409%	$104.7M	$149.8M	300x	as long as short
Binance TAOUSDT	+0.0161%	4h	318.85	−1.476%	$92.2M	$528.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	318.78	−1.497%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0311%	4h	318.96	−1.443%	$3.2M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0314%	4h	318.81	−1.490%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0362%	4h	318.95	−1.446%	$69.7M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	318.93	−1.452%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0384%	1h	318.89	−1.465%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0401%	4h	319.27	−1.347%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0402%	4h	319.74	−1.201%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0480%	1h	318.38	−1.621%	$912K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	318.86	−1.473%	$363K	$423K	10x	as long as short
Variational Omni TAO	+0.0535%	4h	319.70	−1.215%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.70	−1.214%	$318K	$709K	5x	as long as short
Hyperliquid TAO	+0.0622%	1h	319.07	−1.409%	$94.3M	$110.1M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	318.41	−1.614%	$11K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0628%	1h	318.98	−1.436%	$796K	$2.1M	10x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.15	−1.384%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.86	−1.165%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0670%	1h	318.94	−1.449%	$299K	$904K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.91	−1.460%	$367	—	20x	as long as short
Lighter TAO	+0.0832%	1h	318.88	−1.466%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	−0.847%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	318.82	−1.487%	$457K	$664K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1157%	1h	318.92	−1.456%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4723%	1h	323.63	long leg	$24K	$2K	12x