TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h −0.685%

Price spread now: gTrade (Gains Network) against Injective−0.428%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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.428% cheaper against Injective than usual: you would sell low and buy high (−$43 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	314.39	0.0033	pay 0.0004% / 1h	46m 53s	$23K	$260	12x
Short	gTrade (Gains Network) TAO/USD	313.04	L +0.0004% / S −0.0004%	get 0.0001% / 1h	46m 53s	$21K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.428%Rate

Funding earned: −$6.13
Price spread: −0.428% → 0.000%: −$42.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$58.99
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Injective and 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
Bulk TAO-USD	−0.4722%	1h	314.01	−0.120%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.20	−0.060%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	313.04	−0.428%	$21K	—	150x
Injective TAO/USDC PERPlong	+0.0033%	1h	314.39	long leg	$23K	$260	12x
Popdex TAOUSDT	+0.0096%	1h	313.80	−0.188%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.48	+0.029%	$372K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.34	−0.335%	$88.7M	$422.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.54	−0.270%	$61.4M	$123.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	−0.315%	$25.1M	$100.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	−0.379%	$12.7M	$49.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.33	−0.337%	$121.3M	$126.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.32	−0.340%	$19.0M	$27.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.16	−0.391%	$35.0M	$46.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.30	−0.347%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	−0.237%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	−0.069%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	−0.324%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.20	−0.379%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.18	−0.385%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.88	−0.162%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.07	−0.420%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.37	−0.326%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.91	−0.153%	$2K	$537K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	313.86	−0.169%	$77K	$522K	5x	as long as short
Bullet TAO-USD	+0.0145%	1h	313.41	−0.311%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	−0.256%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	314.25	−0.045%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.16	−0.073%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	313.40	−0.316%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0233%	1h	313.11	−0.407%	$24K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.41	−0.312%	$4.3M	$9.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.34	−0.334%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.06	−0.424%	$450K	—	100x	as long as short
Nado TAO-PERP	+0.0506%	1h	313.65	−0.235%	$843K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	313.80	−0.188%	$328K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.31	−0.344%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.47	−0.292%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0824%	1h	314.27	−0.038%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	313.31	−0.342%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.43	+0.013%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.06	−0.104%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1504%	1h	313.80	−0.189%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2149%	1h	313.84	−0.175%	$98.2M	$82.8M	5x	as long as short