TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.3368%/8h= −368.7% APRnext payment −$4.21 per $10,000 · paid last 24h −0.581%

Price spread now: ApeX Omni against Injective−0.334%7-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 ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−3.350%−$335 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 −$101 a day on $10k at the current rate, and ApeX Omni is 0.334% cheaper against Injective than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	323.37	0.4172	pay 0.0521% / 1h	32m 22s	$24K	$2K	12x
Short	ApeX Omni TAOUSDT	322.29	0.0804	get 0.0101% / 1h	32m 22s	$47K	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.334%Rate

Funding earned: −$707.18
Price spread: −0.334% → 0.000%: −$33.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$750.6
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 29 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 ApeX Omni live order book, 29 min ago	5.52 bp	13.4 bp −$13	122.5 bp −$1,225	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	−0.5583%	1h	316.49	−2.128%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	324.03	+0.204%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.11	−0.081%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.15	+0.241%	$35K	$671K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.43	+0.019%	$94.3M	$477.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.00	−0.114%	$26.6M	$119.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	−0.053%	$13.2M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.60	+0.071%	$110.4M	$141.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.28	−0.028%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.81	−0.173%	$36.1M	$54.4M	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	322.54	−0.255%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.98	+0.189%	$87K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.01	−0.111%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.62	−0.232%	$131K	$481K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.60	+0.071%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.18	−0.058%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0111%	4h	322.98	−0.121%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	324.16	+0.244%	$689	$773K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0124%	1h	323.07	−0.094%	$450K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	323.51	+0.042%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	324.65	+0.397%	$540K	$963K	10x	as long as short
Bullet TAO-USD	+0.0318%	1h	323.51	+0.044%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0322%	8h	324.12	+0.233%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	324.60	+0.380%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0373%	4h	323.90	+0.164%	$1.2M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	322.98	−0.121%	$28K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	324.27	+0.278%	$383K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.380%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.46	+0.337%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0543%	1h	323.49	+0.038%	$791K	$2.2M	10x	as long as short
BingX TAO-USDT	+0.0591%	4h	323.41	+0.012%	—	$30.2M	—	as long as short
Bybit TAOUSDT	+0.0602%	4h	323.60	+0.071%	$71.0M	$143.1M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.53	+0.048%	$372	—	20x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	324.69	+0.408%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDTshort	+0.0804%	1h	322.29	−0.334%	$47K	$254K	50x
Variational Omni TAO	+0.0866%	4h	320.39	−0.921%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	323.56	+0.058%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0896%	1h	322.98	−0.119%	$949K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.09	+0.223%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1074%	1h	324.63	+0.390%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.22	+0.263%	$460K	$628K	5x	as long as short
Hyperliquid TAO	+0.1315%	1h	323.92	+0.170%	$101.8M	$98.9M	5x	as long as short
Injective TAO/USDC PERPlong	+0.4172%	1h	323.37	long leg	$24K	$2K	12x