Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0240%/8h= −26.2% APRpaid last 24h −0.042%
Price spread now: edgeX against Nado+0.100%62s7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$380.380% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.052%−$5 on $10k
Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.100%, 7d avg +0.016%
Together, before fees−0.022%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.083% dearer against Nado than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.016%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 3 days (−0.052% in total) that is about 5.1 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.052% in total (about -6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP303.480.0340pay 0.0042% / 1h25m 54s$819K$1.9M10x
ShortedgeX TAOUSDC303.780.0100get 0.0050% / 4h1h 25m$39K$277K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$50.31
Price spread: +0.100% → +0.016%
$8.35
Slippage, 4 orders
−$21.96
Fee Nado: 3.5 bp × 2 orders
−$7
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$79.92
Costs to cover
0.380%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; edgeX: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago0.82 bp9.4 bp −$929.3 bp −$293doesn't fitdoesn't fit
Sell edgeX live order book, 57 min ago6.50 bp11.0 bp −$1124.4 bp −$244doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h303.31−0.057%$26K150xas long as short
dYdX TAO-USD+0.0020%1h303.22−0.087%$124K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h303.65+0.055%$45K$538K20xas long as short
Aster TAOUSDT+0.0100%4h303.45−0.011%$1.1M$7.7M50xas long as short
Binance TAOUSDT+0.0100%4h303.57+0.029%$84.9M$414.2M75xas long as short
Bybit TAOUSDT+0.0100%4h303.66+0.058%$58.7M$121.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h303.60+0.039%$24.4M$95.5M50xas long as short
Arcus TAO-USD+0.0100%1h303.69+0.068%$79K$643K5xas long as short
Bulk TAO-USD+0.0100%1h303.38−0.035%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h303.30−0.060%$12.1M$48.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h303.51+0.009%$111.4M$125.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h303.43−0.017%$18.4M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h303.39−0.030%$33.9M$46.1M50xas long as short
BingX TAO-USDT+0.0100%4h303.59+0.035%$30.4Mas long as short
Variational Omni TAO+0.0100%4h303.79+0.100%$3.7M$6.7Mas long as short
edgeX TAOUSDCshort+0.0100%4h303.78+0.100%$39K$277K10x
GRVT TAO_USDT_Perp+0.0100%4h303.76+0.090%$502K$967K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h303.79+0.101%$74K$580K5xas long as short
Bullet TAO-USD+0.0100%1h303.57+0.028%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h303.68+0.065%$58K$276K10xas long as short
SunX TAO-USDT+0.0100%4h303.61+0.042%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h303.77+0.095%$122K$364K20xas long as short
Phemex TAOUSDT+0.0100%4h303.62+0.045%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h303.72+0.080%$167K$9983xas long as short
Katana Perps TAO-USD+0.0111%8h303.56+0.026%$622$501K5xas long as short
ApeX Omni TAOUSDT+0.0112%1h303.77+0.095%$46K$269K50xas long as short
Paradex TAO-USD-PERP+0.0155%8h303.06−0.139%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h303.26−0.073%$358K$372K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h303.30−0.059%$433K100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0339%1h303.71+0.076%$22K$1.4M25xas long as short
Nado TAO-PERPlong+0.0340%1h303.48long leg$819K$1.9M10x
BloFin TAO-USDT+0.0340%4h303.15−0.110%$4.2M$9.3M100xas long as short
Lighter TAO+0.0376%1h303.85+0.122%$1.6M$5.3M5xas long as short
01 Exchange TAOUSD+0.0400%1h303.75+0.088%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0440%1h303.58+0.032%$292K$799K10xas long as short
Phoenix TAO+0.0521%1h303.50+0.006%$321K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h303.68+0.064%$34920xas long as short
Extended TAO-USD+0.0816%1h303.39−0.029%$825K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h304.46+0.322%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1040%1h303.64+0.052%$5.7M$19.7M50xas long as short
Hyperliquid TAO+0.1056%1h303.97+0.161%$92.3M$80.5M5xas long as short
RISEx TAO/USDC+0.1155%1h303.63+0.048%$411K$544K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+1.729%$22K$26412xas long as short