TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2568%/8h= −281.2% APRnext payment −$3.21 per $10,000 · paid last 24h −0.484%

Price spread now: Coinbase International against Injective−1.321%64s7-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 Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−2.946%−$295 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 −$77 a day on $10k at the current rate, and Coinbase International is 1.321% cheaper against Injective than usual: you would sell low and buy high (−$132 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 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	322.44	0.3512	pay 0.0439% / 1h	57m 46s	$23K	$2K	12x
Short	Coinbase International TAO-PERP-INTX	318.18	0.0944	get 0.0118% / 1h	57m 46s	$1.2M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −1.321%Rate

Funding earned: −$539.31
Price spread: −1.321% → 0.000%: −$132.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$681.45
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	6.75 bp	12.3 bp −$12	16.1 bp −$161	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 42 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
Phemex TAOUSDT	−0.0614%	4h	317.83	−1.430%	$3.2M	$8.1M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.88	−1.414%	$128K	$86K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.76	−1.453%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.33	−1.275%	$49K	$719K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.31	−1.281%	$70.0M	$157.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.10	−1.346%	$26.4M	$131.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	−1.659%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.80	−1.439%	$14.8M	$48.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.55	−1.517%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.95	−1.393%	$35.8M	$57.8M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	318.05	−1.361%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.88	−1.414%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.69	−1.473%	$116K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.74	−1.457%	$405K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.26	−1.298%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−1.548%	$46K	$259K	50x	as long as short
Bullet TAO-USD	+0.0173%	1h	317.80	−1.439%	$12K	$17K	20x	as long as short
Nado TAO-PERP	+0.0174%	1h	318.25	−1.299%	$779K	$2.0M	10x	as long as short
Binance TAOUSDT	+0.0175%	4h	318.16	−1.328%	$93.1M	$533.1M	75x	as long as short
MEXC TAO_USDT	+0.0176%	4h	317.91	−1.405%	$104.3M	$151.1M	300x	as long as short
Orderly PERP_TAO_USDC	+0.0187%	4h	317.95	−1.393%	$52K	$295K	10x	as long as short
edgeX TAOUSDC	+0.0189%	4h	317.56	−1.513%	$42K	$321K	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.30	−1.283%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.10	−1.346%	—	$37.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0287%	1h	318.02	−1.372%	$15K	$1.9M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0300%	4h	318.61	−1.188%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0331%	4h	318.13	−1.335%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	318.24	−1.303%	$373K	$454K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	317.77	−1.448%	$904K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.47	−1.231%	$100K	$377K	5x	as long as short
BloFin TAO-USDT	+0.0417%	4h	318.13	−1.337%	$4.8M	$11.0M	100x	as long as short
Hyperliquid TAO	+0.0437%	1h	318.29	−1.287%	$94.1M	$110.3M	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	318.55	−1.206%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	−1.103%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−1.315%	$320K	$699K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.03	−1.367%	$366	—	20x	as long as short
Lighter TAO	+0.0720%	1h	317.82	−1.432%	$1.6M	$6.6M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0783%	1h	317.91	−1.405%	$6.0M	$21.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0832%	1h	317.71	−1.467%	$434K	$992K	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.21	−1.311%	$448K	$669K	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0944%	1h	318.18	−1.321%	$1.2M	$7.3M	50x
Injective TAO/USDC PERPlong	+0.3512%	1h	322.44	long leg	$23K	$2K	12x