TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0249%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.068%

Price spread now: Bullet against Nado−0.050%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bullet is 0.050% cheaper against Nado than usual: you would sell low and buy high (−$5 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	Nado TAO-PERP	312.04	0.0349	pay 0.0044% / 1h	28m 28s	$791K	$2.2M	10x
Short	Bullet TAO-USD	311.89	0.0100	get 0.0013% / 1h	28m 28s	$11K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$52.26
Price spread: −0.050% → 0.000%: −$5
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$72.25
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 5 min ago; Bullet: 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 Nado live order book, 5 min ago	0.64 bp	7.3 bp −$7	15.8 bp −$158	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.0348%	1h	311.90	−0.047%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.71	−0.107%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	311.68	−0.116%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.05	+0.002%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.88	−0.052%	$1K	$836K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.13	+0.027%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.00	−0.013%	$89.4M	$499.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.13	+0.028%	$67.1M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.00	−0.014%	$26.0M	$120.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.60	−0.142%	$13.2M	$50.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	311.91	−0.042%	$102.2M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.97	−0.023%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.71	−0.107%	$34.9M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.95	−0.030%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.34	+0.095%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	−0.004%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.78	−0.084%	$79K	$901K	5x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	311.89	−0.050%	$11K	$18K	20x
SunX TAO-USDT	+0.0100%	4h	311.97	−0.023%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.04	−0.001%	$109K	$539K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	−0.009%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.40	+0.116%	$531K	$956K	10x	as long as short
Aster TAOUSDT	+0.0115%	4h	312.04	−0.002%	$1.3M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	311.82	−0.071%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	311.69	−0.114%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	311.94	−0.033%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.36	+0.102%	$101K	$397K	5x	as long as short
Phemex TAOUSDT	+0.0246%	4h	312.09	+0.015%	$3.2M	$8.0M	50x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.118%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0280%	1h	311.87	−0.055%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.224%	$5.5M	$10.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0337%	1h	311.85	−0.060%	$17K	$1.8M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.95	−0.030%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERPlong	+0.0349%	1h	312.04	long leg	$791K	$2.2M	10x
Hyperliquid TAO	+0.0451%	1h	312.14	+0.031%	$91.8M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.179%	$311K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.27	+0.073%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0489%	1h	312.13	+0.028%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0568%	1h	312.32	+0.089%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.88	−0.052%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.12	+0.023%	$444K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	313.31	+0.406%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.797%	$23K	$2K	12x	as long as short