TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0707%/8h= −77.4% APRnext payment −$0.88 per $10,000 · paid last 24h −0.048%

Price spread now: Aevo against Nado−0.139%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1171.172% of the position

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.056%−$6 on $10k

Price spread, last 3 days (all we have)+0.202%+$20 · spread now −0.139%, 7d avg +0.055%

Together, before fees+0.146%+ Points / potential airdropNado: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aevo is 0.194% cheaper against Nado than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.056% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	317.53	0.0811	pay 0.0101% / 1h	38m 23s	$885K	$2.0M	10x
Short	Aevo TAO-PERP	317.09	0.0104	get 0.0013% / 1h	38m 23s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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 NadobpFee AevobpOrdersPrice spread, now −0.139%Rate

Funding earned: −$148.41
Price spread: −0.139% → +0.055%: −$19.4
Slippage, 4 orders: −$94.24
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$285.06
Costs to cover: 1.172%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Aevo: live order book, 35 min ago.

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 Nado live order book, 5 min ago	2.17 bp	8.8 bp −$9	23.2 bp −$232	doesn't fit	doesn't fit
Sell Aevo live order book, 35 min ago	34.18 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

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	−0.1322%	1h	319.84	+0.728%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.1024%	4h	316.79	−0.232%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	316.73	−0.251%	$127K	$88K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	316.98	−0.172%	$21K	$1.5M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.79	−0.232%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.15	−0.119%	$41K	$584K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.89	−0.201%	$91.7M	$444.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	−0.166%	$26.0M	$107.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	−0.229%	$12.8M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.05	−0.150%	$106.1M	$133.6M	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	317.43	−0.031%	$17.1M	$29.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.76	−0.242%	$35.4M	$49.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	320.59	+0.965%	$40K	$292K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.74	−0.248%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.81	−0.226%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.76	+0.073%	$127K	$423K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	317.09	−0.139%	$174K	$998	3x
Katana Perps TAO-USD	+0.0127%	8h	317.06	−0.147%	$3K	$613K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	320.42	+0.911%	$48K	$269K	50x	as long as short
Bullet TAO-USD	+0.0163%	1h	317.17	−0.113%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	316.80	−0.229%	$460K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.10	−0.133%	$375K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.50	−0.009%	$84K	$545K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0210%	4h	321.55	+1.268%	$533K	$958K	10x	as long as short
Aster TAOUSDT	+0.0231%	4h	316.78	−0.236%	$1.1M	$8.2M	50x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	317.00	−0.168%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0288%	1h	317.40	−0.040%	$94K	$637K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.00	−0.166%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0360%	4h	317.21	−0.100%	$65.3M	$131.9M	50x	as long as short
Variational Omni TAO	+0.0378%	4h	321.33	+1.196%	$5.6M	$8.6M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.97	−0.176%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	322.20	+1.472%	$337K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.59	+0.650%	$23K	$653	12x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	317.07	−0.144%	$3K	$4K	5x	as long as short
BingX TAO-USDT	+0.0680%	4h	317.13	−0.125%	—	$30.5M	—	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.34	−0.060%	$365	—	20x	as long as short
Nado TAO-PERPlong	+0.0811%	1h	317.53	long leg	$885K	$2.0M	10x
Backpack TAO_USDC_PERP	+0.0879%	1h	316.67	−0.270%	$319K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.01	+0.152%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	316.87	−0.207%	$924K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.25	−0.088%	$420K	$595K	5x	as long as short
Lighter TAO	+0.1552%	1h	317.46	−0.021%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2499%	1h	317.85	+0.102%	$102.7M	$90.5M	5x	as long as short