TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.3588%/8h= −392.9% APRnext payment −$4.49 per $10,000 · paid last 24h −0.554%

Price spread now: 01 Exchange against Injective−1.356%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 01 Exchange

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 −$108 a day on $10k at the current rate, and 01 Exchange is 1.356% cheaper against Injective than usual: you would sell low and buy high (−$136 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	315.73	0.4092	pay 0.0512% / 1h	1m 13s	$23K	$2K	12x
Short	01 Exchange TAOUSD	311.45	0.0504	get 0.0063% / 1h	1m 13s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −1.356%Rate

Funding earned: −$753.55
Price spread: −1.356% → 0.000%: −$135.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$896.13
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Injective and 01 Exchange: 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	311.27	−1.414%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.92	−1.523%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0023%	1h	310.54	−1.643%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.24	−1.422%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.16	−1.447%	$3K	$867K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.78	−1.569%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.39	−1.374%	$88.9M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.50	−1.340%	$26.0M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.80	−1.561%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.45	−1.356%	$103.2M	$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	311.16	−1.447%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.15	−1.451%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.26	−1.416%	$41K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.05	−1.482%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.08	−1.473%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.24	−1.421%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.00	−1.498%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.54	−1.644%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.22	−1.430%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.92	−1.522%	$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	311.19	−1.438%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.87	−1.538%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.67	−1.603%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0228%	4h	311.40	−1.371%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.30	−1.403%	$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	+0.0282%	4h	311.58	−1.314%	$67.4M	$151.0M	50x	as long as short
BingX TAO-USDT	+0.0304%	4h	311.41	−1.368%	—	$33.8M	—	as long as short
Nado TAO-PERP	+0.0307%	1h	311.28	−1.410%	$774K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.37	−1.381%	$906K	$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	311.24	−1.422%	$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	+0.0464%	1h	311.39	−1.375%	$91.2M	$108.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0481%	1h	311.56	−1.321%	$309K	$885K	10x	as long as short
01 Exchange TAOUSDshort	+0.0504%	1h	311.45	−1.356%	$3K	$4K	5x
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	311.31	−1.398%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.59	−1.310%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.23	−1.427%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.14	−1.455%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.02	−1.175%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4092%	1h	315.73	long leg	$23K	$2K	12x