TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0087%/8h= +9.6% APRnext payment +$0.11 per $10,000 · paid last 24h −0.385%

Price spread now: Bulk against Nado+0.161%7-day average −0.096% · 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+$2as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Nado Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.468%−$47 on $10k

Price spread, last 4 days (all we have)−0.598%−$60 · spread now +0.161%, 7d avg −0.096%

Together, before fees−1.067%+ Points / potential airdropNado: Active · farm board−$107 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.258% dearer against Nado than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.096%. Mind the row above: over the last 3 days funding on this pair cost −0.468%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	314.56	0.0197	pay 0.0025% / 1h	25m 53s	$800K	$2.2M	10x
Short	Bulk TAO-USD	315.07	0.0285	get 0.0036% / 1h	25m 53s	$167K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.161%Rate

Funding earned: $18.35
Price spread: +0.161% → −0.096%: $25.75
Slippage, 4 orders: −$9.61
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $20.49
Costs to cover: 0.236%
Break-even: from the start

Slippage from Nado: live order book, 3 min ago; Bulk: live order book, 33 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, 3 min ago	0.79 bp	7.9 bp −$8	18.9 bp −$189	doesn't fit	doesn't fit
Sell Bulk live order book, 33 min ago	0.16 bp	4.8 bp −$5	9.4 bp −$94	21.9 bp −$2,186	33.1 bp −$16.6K

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
dYdX TAO-USD	0.0000%	1h	313.52	−0.331%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.21	−0.112%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	314.33	−0.075%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.37	−0.061%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.25	−0.099%	$643	$795K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.28	−0.090%	$90.7M	$494.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.34	−0.071%	$67.9M	$148.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	−0.052%	$25.9M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.00	−0.179%	$12.9M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.35	−0.068%	$110.2M	$144.0M	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	314.13	−0.137%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.13	−0.137%	$35.1M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.07	−0.157%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.75	+0.060%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.89	+0.105%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	+0.479%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.26	−0.096%	$76K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.33	−0.074%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.33	−0.074%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.74	−0.261%	$109K	$534K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.40	−0.052%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.43	−0.043%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	314.29	−0.087%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0148% / S +0.0125%	1h	314.18	−0.120%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0169%	8h	314.23	−0.105%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0193%	4h	314.25	−0.100%	$1.2M	$10.3M	50x	as long as short
Nado TAO-PERPlong	+0.0197%	1h	314.56	long leg	$800K	$2.2M	10x
Extended TAO-USD	+0.0216%	1h	314.29	−0.088%	$922K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0232%	1h	314.35	−0.066%	$48K	$1.7M	25x	as long as short
Hyperliquid TAO	+0.0249%	1h	314.46	−0.033%	$92.5M	$106.4M	5x	as long as short
Bulk TAO-USDshort	+0.0285%	1h	315.07	+0.161%	$167K	$2K	10x
01 Exchange TAOUSD	+0.0288%	1h	314.49	−0.023%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0312%	1h	314.60	+0.013%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.79	+0.072%	$4.5M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0345%	1h	314.47	−0.029%	$315K	$913K	10x	as long as short
Arcus TAO-USD	+0.0345%	1h	314.59	+0.009%	$99K	$438K	5x	as long as short
Pacifica TAO	+0.0365%	1h	313.88	−0.216%	$358K	$412K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	314.38	−0.059%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	316.30	+0.552%	$315K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.51	−0.015%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.36	−0.064%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	314.58	+0.006%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.363%	$23K	$2K	12x	as long as short