TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3996%/8h= −437.6% APRnext payment −$5.00 per $10,000 · paid last 24h −0.644%

Price spread now: Popdex against Injective−1.549%46s7-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 Popdex

What this pair did over the last

the charts below follow

Funding, last 4 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 −$120 a day on $10k at the current rate, and Popdex is 1.549% cheaper against Injective than usual: you would sell low and buy high (−$155 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	315.73	0.4092	pay 0.0512% / 1h	1m 50s	$23K	$2K	12x
Short	Popdex TAOUSDT	310.84	0.0096	get 0.0012% / 1h	1m 50s	$48K	$662K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.549%Rate

Funding earned: −$839.23
Price spread: −1.549% → 0.000%: −$154.88
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$1,000.53
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Popdex: live order book, 52 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 Popdex live order book, 52 min ago	1.75 bp	9.5 bp −$9	83.9 bp −$839	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.93	−1.521%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.73	−1.583%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0020%	1h	310.68	−1.599%	$124K	$85K	5x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	310.84	−1.549%	$48K	$662K	20x
Katana Perps TAO-USD	+0.0100%	8h	310.80	−1.561%	$1K	$864K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.05	−1.481%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.73	−1.583%	$88.7M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.40	−1.688%	$25.9M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	−1.656%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	310.64	−1.612%	$102.9M	$145.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	310.63	−1.615%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.33	−1.710%	$34.9M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.13	−1.141%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	−1.162%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.87	−1.539%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.04	−1.487%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.68	−1.599%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.89	−1.850%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.07	−1.476%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.89	−1.533%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	−1.213%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.92	−1.523%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.66	−1.606%	$413K	—	100x	as long as short
Phemex TAOUSDT	+0.0150%	4h	311.00	−1.498%	$3.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.91	−1.528%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.23	−1.425%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	−1.216%	$166K	$333	10x	as long as short
Bybit TAOUSDT	+0.0286%	4h	310.64	−1.612%	$67.2M	$151.0M	50x	as long as short
BingX TAO-USDT	+0.0304%	4h	310.89	−1.533%	—	$33.8M	—	as long as short
Nado TAO-PERP	+0.0310%	1h	311.10	−1.467%	$785K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	310.60	−1.626%	$907K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	−1.039%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.93	−1.520%	$4.5M	$10.7M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	−1.055%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0459%	1h	310.80	−1.561%	$91.1M	$108.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0478%	1h	310.84	−1.549%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	311.36	−1.384%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0509%	1h	311.01	−1.494%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.12	−1.461%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.05	−1.481%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.01	−1.494%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.01	−1.178%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4092%	1h	315.73	long leg	$23K	$2K	12x