TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0836%/8h= +91.6% APRpaid last 24h +0.248%

Price spread now: Coinbase International against Katana Perps+0.379%7-day average +0.161% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.410%+$41 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.379%, 7d avg +0.161%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.218% dearer against Katana Perps than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.161%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	319.20	0.0108	pay 0.0108% / 8h	1h 05m	$725	$1.1M	5x
Short	Coinbase International TAO-PERP-INTX	320.41	0.0944	get 0.0118% / 1h	5m 17s	$1.5M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Katana Perps. 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 Katana PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now +0.379%Rate

Funding earned: $175.62
Price spread: +0.379% → +0.161%: $21.79
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $183.61
Costs to cover: 0.138%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; Coinbase International: live order book, 4 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	9.88 bp	17.0 bp −$17	20.2 bp −$202	doesn't fit	doesn't fit

Katana Perps: 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	−0.0237%	1h	320.94	+0.545%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.28	+0.025%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.86	−0.107%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.23	+0.009%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.00	−0.063%	$26.8M	$129.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.00	−0.063%	$14.4M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.13	−0.022%	$17.8M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.85	−0.110%	$35.8M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.08	−0.038%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.12	−0.025%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.90	+0.219%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.91	−0.091%	$116K	$599K	20x	as long as short
Katana Perps TAO-USDlong	+0.0108%	8h	319.20	long leg	$725	$1.1M	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0113% / S +0.0154%	1h	318.81	−0.123%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.25	+0.017%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	319.11	−0.028%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0186%	4h	319.16	−0.013%	$108.0M	$151.6M	300x	as long as short
Binance TAOUSDT	+0.0186%	4h	319.17	−0.009%	$92.7M	$528.1M	75x	as long as short
edgeX TAOUSDC	+0.0188%	4h	319.19	−0.004%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0243%	8h	319.45	+0.079%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0270%	4h	319.21	+0.003%	$70.1M	$155.8M	50x	as long as short
BingX TAO-USDT	+0.0282%	4h	319.12	−0.025%	—	$35.4M	—	as long as short
Bullet TAO-USD	+0.0306%	1h	319.20	0.000%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0351%	4h	319.32	+0.038%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	319.22	+0.007%	$908K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0364%	4h	318.37	−0.259%	$540K	$917K	10x	as long as short
BloFin TAO-USDT	+0.0423%	4h	319.99	+0.247%	$4.7M	$11.1M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0487%	1h	319.48	+0.088%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0507%	1h	319.40	+0.063%	$792K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.153%	$5.7M	$10.2M	—	as long as short
Phemex TAOUSDT	+0.0523%	4h	319.75	+0.172%	$3.3M	$8.1M	50x	as long as short
Pacifica TAO	+0.0525%	1h	319.52	+0.099%	$363K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.50	+0.094%	$318K	$709K	5x	as long as short
Lighter TAO	+0.0592%	1h	319.64	+0.138%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0597%	1h	319.30	+0.031%	$94.4M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	319.39	+0.060%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.61	+0.128%	$103K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0680%	1h	319.92	+0.226%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.17	−0.009%	$367	—	20x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0944%	1h	320.41	+0.379%	$1.5M	$6.8M	50x
RISEx TAO/USDC	+0.1077%	1h	319.22	+0.006%	$440K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1155%	1h	319.72	+0.162%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.353%	$24K	$2K	12x	as long as short