TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0225%/8h= +24.6% APRnext payment +$0.28 per $10,000 · paid last 24h +0.174%

Price spread now: Coinbase International against Nado+0.311%7-day average +0.197% · 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−$33as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.389%+$39 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.311%, 7d avg +0.197%

Together, before fees+0.263%+ Points / potential airdropNado: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.114% dearer against Nado than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.197%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	316.17	0.0759	pay 0.0095% / 1h	8m 04s	$875K	$2.0M	10x
Short	Coinbase International TAO-PERP-INTX	317.15	0.0984	get 0.0123% / 1h	8m 04s	$1.5M	$6.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.311%Rate

Funding earned: $47.15
Price spread: +0.311% → +0.197%: $11.4
Slippage, 4 orders: −$26.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $14.6
Costs to cover: 0.440%
Break-even: 4.8 days

Slippage from Nado: live order book, 6 min ago; Coinbase International: live order book, 6 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, 6 min ago	0.63 bp	9.1 bp −$9	22.0 bp −$220	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	7.40 bp	12.4 bp −$12	19.6 bp −$196	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	−0.1821%	1h	318.67	+0.791%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.92	−0.078%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.13	−0.011%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.31	+0.045%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.39	+0.070%	$90.7M	$450.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	+0.042%	$25.7M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	+0.042%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.31	+0.045%	$99.2M	$136.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.53	+0.115%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.30	+0.042%	$35.2M	$51.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.43	+0.081%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.024%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.84	+0.213%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.08	−0.028%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.96	+0.251%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0103%	1h	316.48	+0.099%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.74	+0.182%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	316.43	+0.083%	$1K	$644K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.19	+0.008%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.06	−0.034%	$374K	$376K	10x	as long as short
ApeX Omni TAOUSDT	+0.0185%	1h	316.14	−0.009%	$48K	$267K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.71	+0.172%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	316.55	+0.121%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	316.34	+0.054%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0268%	1h	316.36	+0.061%	$92K	$633K	5x	as long as short
Phemex TAOUSDT	+0.0296%	4h	316.97	+0.254%	$3.4M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.05	−0.037%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	316.81	+0.202%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.67	+0.160%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	+0.137%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.245%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.70	+0.168%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.507%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.45	+0.089%	—	$30.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.96	−0.066%	$363	—	20x	as long as short
Bybit TAOUSDT	+0.0734%	4h	316.56	+0.124%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERPlong	+0.0759%	1h	316.17	long leg	$875K	$2.0M	10x
Backpack TAO_USDC_PERP	+0.0805%	1h	316.65	+0.153%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0984%	1h	317.15	+0.311%	$1.5M	$6.4M	50x
Extended TAO-USD	+0.1112%	1h	316.35	+0.057%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.56	+0.124%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.95	+0.247%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1800%	1h	316.86	+0.219%	$101.4M	$91.5M	5x	as long as short