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

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.045%
Price spread now: OKX against Nado+0.195%49s7-day average −0.034% · 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−$320.323% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.061%−$6 on $10k
Price spread, last 3 days (all we have)−0.393%−$39 · spread now +0.195%, 7d avg −0.034%
Together, before fees−0.454%+ Points / potential airdropNado: Active · farm board−$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.229% dearer against Nado than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.034%): +$23 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 3 days (−0.061% in total) that is about 12 days. The two prices were read 49 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 -0.061% in total (about -7.0% 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-PERP311.390.0447pay 0.0056% / 1h25m 45s$822K$2.0M10x
ShortOKX TAO-USDT-SWAP312.000.0100get 0.0100% / 8h25m 45s$25.1M$101.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$72.8
Price spread: +0.195% → −0.034%
$22.88
Slippage, 4 orders
−$15.28
Fee Nado: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$82.2
Costs to cover
0.323%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; OKX: live order book, 3 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 ago1.12 bp7.7 bp −$819.0 bp −$190doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.60 bp6.6 bp −$714.3 bp −$14349.1 bp −$4,915doesn'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
Bulk TAO-USD−0.4493%1h315.57+1.342%$169K$47K10xas long as short
dYdX TAO-USD0.0000%1h311.85+0.146%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h311.37−0.008%$20K150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.95+1.142%$23K$36112xas long as short
Deribit TAO_USDC-PERPETUAL+0.0061%1h311.84+0.145%$20K$1.5M25xas long as short
Popdex TAOUSDT+0.0096%1h311.45+0.018%$35K$565K20xas long as short
Pacifica TAO+0.0100%1h312.24+0.273%$370K$363K10xas long as short
Binance TAOUSDT+0.0100%4h312.06+0.214%$88.5M$427.3M75xas long as short
Bybit TAOUSDT+0.0100%4h312.28+0.285%$61.2M$125.1M50xas long as short
OKX TAO-USDT-SWAPshort+0.0100%8h312.00+0.195%$25.1M$101.1M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h312.10+0.227%$12.4M$49.9M50xas long as short
MEXC TAO_USDT+0.0100%4h312.33+0.301%$110.2M$130.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.95+0.179%$18.7M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h311.86+0.150%$34.8M$46.6M50xas long as short
BingX TAO-USDT+0.0100%4h312.36+0.311%$30.2Mas long as short
edgeX TAOUSDC+0.0100%4h313.93+0.815%$41K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h313.05+0.531%$519K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.77+0.764%$47K$268K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.81+0.134%$76K$489K5xas long as short
Bullet TAO-USD+0.0100%1h311.60+0.067%$11K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h311.86+0.150%$60K$275K10xas long as short
SunX TAO-USDT+0.0100%4h311.38−0.004%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h314.64+1.043%$127K$407K20xas long as short
Phemex TAOUSDT+0.0100%4h311.89+0.160%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h311.91+0.165%$171K$9983xas long as short
Katana Perps TAO-USD+0.0109%8h311.47+0.025%$1K$555K5xas long as short
Aster TAOUSDT+0.0180%4h312.12+0.233%$1.1M$7.9M50xas long as short
Arcus TAO-USD+0.0186%1h311.97+0.185%$82K$586K5xas long as short
Paradex TAO-USD-PERP+0.0191%8h311.71+0.102%$14K$1K10xas long as short
Variational Omni TAO+0.0199%4h312.46+0.343%$4.0M$7.0Mas long as short
BloFin TAO-USDT+0.0340%4h313.32+0.619%$4.4M$10.5M100xas long as short
Nado TAO-PERPlong+0.0447%1h311.39long leg$822K$2.0M10x
Kraken Futures PF_TAOUSD+0.0450%1h311.99+0.193%$5.7M$19.9M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0475% / S −0.0175%1h311.37−0.006%$447K100xas long as short
Backpack TAO_USDC_PERP+0.0519%1h312.04+0.208%$291K$804K10xas long as short
Phoenix TAO+0.0537%1h314.20+0.902%$329K$521K5xas long as short
01 Exchange TAOUSD+0.0624%1h311.64+0.079%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h311.62+0.074%$35820xas long as short
Extended TAO-USD+0.0856%1h312.32+0.299%$855K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h312.22+0.266%$1.5M$5.8M50xas long as short
Lighter TAO+0.1224%1h312.63+0.396%$1.6M$5.8M5xas long as short
RISEx TAO/USDC+0.1238%1h311.66+0.085%$434K$567K5xas long as short
Hyperliquid TAO+0.1722%1h312.56+0.375%$97.5M$83.9M5xas long as short