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

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0038%/8h= −4.1% APRnext payment $0.05 per $10,000 · paid last 24h −0.003%
Price spread now: Extended against Nado+0.040%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$270.266% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 7 days−0.035%−$4 · spread now +0.040%, 7d avg −0.051%
Together, before fees−0.040%+ Points / potential airdropNado: Active · Extended: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.091% dearer against Nado than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.051%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 3 days (−0.004% in total) that is about 2 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP311.450.0398pay 0.0050% / 1h54m 54s$775K$2.2M10x
ShortExtended TAO-USD311.570.0360get 0.0045% / 1h54m 54s$904K$2.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$7.91
Price spread: +0.040% → −0.051%
$9.11
Slippage, 4 orders
−$14.56
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$25.35
Costs to cover
0.266%
Break-even
never at this rate
Slippage from Nado: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago1.12 bp7.3 bp −$718.2 bp −$182doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago3.37 bp5.9 bp −$67.6 bp −$76doesn'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
dYdX TAO-USD0.0000%1h311.52+0.023%$124K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h311.22−0.072%$20K150xas long as short
Katana Perps TAO-USD+0.0100%8h311.37−0.025%$761$869K5xas long as short
Binance TAOUSDT+0.0100%4h311.55+0.033%$89.0M$504.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.40−0.015%$26.1M$121.1M50xas long as short
Gate TAO_USDT+0.0100%4h311.30−0.047%$13.4M$50.0M50xas long as short
MEXC TAO_USDT+0.0100%4h311.69+0.078%$103.7M$144.4M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.67+0.071%$17.4M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h311.39−0.018%$35.0M$56.9M50xas long as short
edgeX TAOUSDC+0.0100%4h312.84+0.447%$41K$313K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h311.25−0.063%$81K$907K5xas long as short
SunX TAO-USDT+0.0100%4h311.48+0.010%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h310.32−0.362%$110K$545K20xas long as short
Aevo TAO-PERP+0.0104%1h311.71+0.083%$171K$9983xas long as short
Orderly PERP_TAO_USDC+0.0118%4h311.57+0.039%$51K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0133% / S +0.0136%1h311.22−0.072%$417K100xas long as short
Aster TAOUSDT+0.0133%4h311.63+0.059%$1.3M$10.5M50xas long as short
Popdex TAOUSDT+0.0176%1h311.50+0.017%$48K$662K20xas long as short
Paradex TAO-USD-PERP+0.0201%8h311.64+0.061%$14K$1K10xas long as short
GRVT TAO_USDT_Perp+0.0204%4h313.11+0.532%$532K$942K10xas long as short
Pacifica TAO+0.0233%1h311.85+0.130%$355K$419K10xas long as short
Bulk TAO-USD+0.0253%1h311.89+0.142%$166K$33310xas long as short
Bullet TAO-USD+0.0304%1h311.54+0.029%$12K$17K20xas long as short
Kraken Futures PF_TAOUSD+0.0306%1h311.65+0.064%$5.5M$20.7M50xas long as short
BloFin TAO-USDT+0.0340%4h311.87+0.136%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0348%4h311.52+0.023%$33.7Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0351%1h311.53+0.027%$11K$1.8M25xas long as short
Bybit TAOUSDT+0.0353%4h311.58+0.043%$67.4M$151.1M50xas long as short
Extended TAO-USDshort+0.0360%1h311.57+0.040%$904K$2.4M25x
Variational Omni TAO+0.0371%4h312.91+0.470%$5.5M$10.1Mas long as short
Nado TAO-PERPlong+0.0398%1h311.45long leg$775K$2.2M10x
Phoenix TAO+0.0457%1h312.80+0.434%$311K$713K5xas long as short
Arcus TAO-USD+0.0483%1h311.90+0.145%$100K$370K5xas long as short
Phemex TAOUSDT+0.0595%4h311.65+0.065%$3.1M$8.0M50xas long as short
Hyperliquid TAO+0.0658%1h311.93+0.155%$91.3M$108.4M5xas long as short
Reya TAORUSDPERP+0.0697%1h311.53+0.025%$35820xas long as short
Lighter TAO+0.0760%1h311.92+0.150%$1.5M$6.5M5xas long as short
01 Exchange TAOUSD+0.0824%1h311.56+0.036%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0835%1h311.82+0.120%$310K$885K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h312.88+0.460%$1.5M$6.7M50xas long as short
RISEx TAO/USDC+0.0948%1h311.52+0.024%$445K$650K5xas long as short
ApeX Omni TAOUSDT+0.1940%1h312.51+0.341%$46K$254K50xas long as short
Injective TAO/USDC PERP+0.3711%1h315.73+1.375%$23K$2K12xas long as short