TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0497%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.110%

Price spread now: Reya against Nado−0.062%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.062% cheaper against Nado than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	315.18	0.0199	pay 0.0025% / 1h	19m 59s	$801K	$2.2M	10x
Short	Reya TAORUSDPERP	314.99	0.0697	get 0.0087% / 1h	19m 59s	$362	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.062%Rate

Funding earned: $104.43
Price spread: −0.062% → 0.000%: −$6.22
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $85.21
Costs to cover: 0.130%
Break-even: 1.3 days

Slippage unknown: Nado: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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, 4 min ago	0.63 bp	7.1 bp −$7	17.9 bp −$179	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX TAO-USD	0.0000%	1h	315.24	+0.017%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.92	−0.084%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	−0.064%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.26	+0.025%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.20	+0.006%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.96	−0.071%	$90.9M	$494.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.07	−0.036%	$68.0M	$148.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	−0.026%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.121%	$12.9M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.01	−0.055%	$110.5M	$144.0M	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	314.97	−0.067%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.85	−0.105%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.94	−0.077%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.64	+0.146%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.78	+0.189%	$522K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.16	−0.007%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.92	−0.083%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.14	−0.013%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.38	+0.063%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.91	−0.086%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.96	−0.071%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.20	+0.004%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.07	−0.036%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0147% / S +0.0126%	1h	314.89	−0.093%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0161%	8h	315.49	+0.097%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0192%	4h	315.01	−0.055%	$1.2M	$10.3M	50x	as long as short
Nado TAO-PERPlong	+0.0199%	1h	315.18	long leg	$801K	$2.2M	10x
Extended TAO-USD	+0.0200%	1h	315.03	−0.047%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0261%	1h	315.06	−0.040%	$92.7M	$106.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	315.15	−0.009%	$26K	$1.7M	25x	as long as short
01 Exchange TAOUSD	+0.0312%	1h	315.38	+0.063%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0320%	1h	315.33	+0.046%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.18	−0.001%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.67	+0.155%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	315.00	−0.058%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.58	+0.126%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	+0.033%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.101%	$314K	$697K	5x	as long as short
Reya TAORUSDPERPshort	+0.0697%	1h	314.99	−0.062%	$362	—	20x
Bulk TAO-USD	+0.0933%	1h	314.34	−0.267%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.39	+0.066%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.69	+0.161%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.164%	$23K	$2K	12x	as long as short