TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%

Price spread now: Arcus against Nado+0.269%7-day average +0.078% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 4 days (all we have)−1.130%−$113 · spread now +0.269%, 7d avg +0.078%

Together, before fees−1.185%+ Points / potential airdropNado: Active · farm board−$118 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.191% dearer against Nado than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	322.29	0.0403	pay 0.0050% / 1h	3m 31s	$759K	$2.0M	10x
Short	Arcus TAO-USD	323.16	0.0404	get 0.0051% / 1h	3m 31s	$102K	$331K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.269%Rate

Funding earned: $0.28
Price spread: +0.269% → +0.078%: $19.08
Slippage, 4 orders: −$27.36
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.5
Costs to cover: 0.389%
Break-even: 500.9 days

Slippage from Nado: live order book, 5 min ago; Arcus: live order book, 30 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	1.09 bp	9.1 bp −$9	26.7 bp −$267	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	6.99 bp	9.9 bp −$10	25.4 bp −$254	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	−0.0241%	1h	318.85	−1.070%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	321.07	−0.379%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.56	+0.083%	$51K	$700K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	322.53	+0.074%	$71.0M	$154.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.30	+0.002%	$27.0M	$130.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.00	+0.220%	$15.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.31	+0.316%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.88	−0.128%	$36.3M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.30	+0.002%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.01	−0.398%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	321.57	−0.224%	$117K	$547K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.90	−0.432%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	322.55	+0.080%	$660	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.05	−0.384%	$176K	$998	3x	as long as short
MEXC TAO_USDT	+0.0156%	4h	322.96	+0.207%	$105.3M	$156.1M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	322.58	+0.089%	$94.4M	$518.3M	75x	as long as short
BingX TAO-USDT	+0.0162%	4h	323.09	+0.247%	—	$38.9M	—	as long as short
edgeX TAOUSDC	+0.0164%	4h	321.70	−0.185%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0219%	8h	323.81	+0.470%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0241%	4h	321.12	−0.364%	$55K	$272K	10x	as long as short
Bullet TAO-USD	+0.0271%	1h	322.10	−0.061%	$13K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0284%	4h	321.52	−0.240%	$548K	$825K	10x	as long as short
Extended TAO-USD	+0.0304%	1h	322.87	+0.179%	$977K	$2.2M	25x	as long as short
ApeX Omni TAOUSDT	+0.0306%	1h	321.60	−0.215%	$45K	$256K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	322.60	+0.094%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	323.46	+0.362%	$376K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0109%	1h	321.09	−0.372%	$381K	—	100x	as long as short
BloFin TAO-USDT	+0.0399%	4h	321.75	−0.168%	$4.8M	$11.0M	100x	as long as short
Nado TAO-PERPlong	+0.0403%	1h	322.29	long leg	$759K	$2.0M	10x
Arcus TAO-USDshort	+0.0404%	1h	323.16	+0.269%	$102K	$331K	5x
Deribit TAO_USDC-PERPETUAL	+0.0441%	1h	321.18	−0.346%	$20K	$1.9M	25x	as long as short
dYdX TAO-USD	+0.0524%	1h	323.45	+0.358%	$130K	$87K	5x	as long as short
Variational Omni TAO	+0.0551%	4h	321.24	−0.326%	$5.7M	$9.8M	—	as long as short
Lighter TAO	+0.0568%	1h	323.61	+0.410%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0578%	1h	321.70	−0.184%	$324K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	323.37	+0.334%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0661%	1h	322.33	+0.012%	$96.7M	$109.3M	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	322.15	−0.043%	$370	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0704%	1h	321.67	−0.193%	$319K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0775%	1h	321.35	−0.292%	$6.3M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	322.86	+0.176%	$440K	$711K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.23	−0.019%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	+0.102%	$23K	$2K	12x	as long as short