TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.023%

Price spread now: Phoenix against Nado+0.419%57s7-day average +0.134% · 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—prices read too far apart to compare

costs, in and out, $10k−$420.424% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.419%, 7d avg +0.134%

Together, before fees−0.102%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.285% dearer against Nado than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.134%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	311.10	0.0310	pay 0.0039% / 1h	2m 03s	$785K	$2.2M	10x
Short	Phoenix TAO	312.40	0.0457	get 0.0057% / 1h	2m 03s	$311K	$711K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.419%Rate

Funding earned: $30.8
Price spread: +0.419% → +0.134%: $28.45
Slippage, 4 orders: −$28.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $16.85
Costs to cover: 0.424%
Break-even: 3.2 days

Slippage from Nado: live order book, 2 min ago; Phoenix: live order book, 51 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, 2 min ago	0.16 bp	6.7 bp −$7	23.0 bp −$230	doesn't fit	doesn't fit
Sell Phoenix live order book, 51 min ago	3.18 bp	19.2 bp −$19	28.6 bp −$286	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.93	−0.054%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.73	−0.118%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0020%	1h	310.68	−0.134%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.84	−0.083%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	310.80	−0.096%	$1K	$864K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.05	−0.014%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.65	−0.144%	$88.7M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.60	−0.160%	$25.9M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	−0.192%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	310.80	−0.096%	$102.9M	$145.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	311.03	−0.022%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.39	−0.227%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.13	+0.331%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	+0.309%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.87	−0.073%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.04	−0.020%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.68	−0.134%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.89	−0.388%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.07	−0.009%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.91	−0.061%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.258%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.92	−0.057%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.66	−0.141%	$413K	—	100x	as long as short
Phemex TAOUSDT	+0.0150%	4h	311.00	−0.031%	$3.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.91	−0.061%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.23	+0.043%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.255%	$166K	$333	10x	as long as short
Bybit TAOUSDT	+0.0286%	4h	310.74	−0.115%	$67.2M	$150.9M	50x	as long as short
BingX TAO-USDT	+0.0304%	4h	310.80	−0.096%	—	$33.8M	—	as long as short
Nado TAO-PERPlong	+0.0310%	1h	311.10	long leg	$785K	$2.2M	10x
Extended TAO-USD	+0.0312%	1h	310.99	−0.034%	$907K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.435%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.93	−0.054%	$4.5M	$10.7M	100x	as long as short
Phoenix TAOshort	+0.0457%	1h	312.40	+0.419%	$311K	$711K	5x
Hyperliquid TAO	+0.0459%	1h	310.80	−0.095%	$91.1M	$108.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0478%	1h	310.84	−0.083%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	311.36	+0.084%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0509%	1h	311.01	−0.027%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.12	+0.007%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.05	−0.014%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.01	−0.027%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.01	+0.293%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.489%	$23K	$2K	12x	as long as short