TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.061%

Price spread now: Nado against Pacifica+0.037%7-day average −0.010% · 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−$29as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.037%, 7d avg −0.010%

Together, before fees−0.069%+ Points / potential airdropPacifica: Active · Nado: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.047% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	318.86	0.0525	pay 0.0066% / 1h	36m 30s	$363K	$423K	10x
Short	Nado TAO-PERP	318.98	0.0628	get 0.0079% / 1h	36m 30s	$796K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now +0.037%Rate

Funding earned: $21.73
Price spread: +0.037% → −0.010%: $4.67
Slippage, 4 orders: −$18.4
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$7
Costs to cover: 0.334%
Break-even: 9.3 days

Slippage from Pacifica: live order book, 7 min ago; Nado: live order book, 2 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 Pacifica live order book, 7 min ago	2.97 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	1.10 bp	7.0 bp −$7	14.8 bp −$148	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
Bulk TAO-USD	−0.2019%	1h	319.65	+0.247%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.44	−0.132%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.52	−0.107%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.86	−0.001%	$42K	$703K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	−0.114%	$26.7M	$129.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.50	−0.114%	$14.2M	$51.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.71	−0.048%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.51	−0.111%	$35.7M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.72	+0.268%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.74	−0.039%	$80K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.85	−0.004%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.70	−0.051%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	318.85	−0.004%	$723	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0120% / S +0.0157%	1h	318.50	−0.115%	$430K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.09	+0.069%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	318.53	−0.105%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0158%	4h	319.79	+0.291%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	318.93	+0.021%	$104.7M	$149.8M	300x	as long as short
Binance TAOUSDT	+0.0161%	4h	318.86	−0.002%	$92.2M	$527.8M	75x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	318.78	−0.025%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0257%	4h	318.93	+0.021%	$3.2M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0314%	4h	318.71	−0.048%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0362%	4h	318.60	−0.083%	$69.6M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	318.78	−0.026%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0384%	1h	318.89	+0.008%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0401%	4h	319.27	+0.127%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0402%	4h	319.74	+0.276%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0480%	1h	318.84	−0.007%	$912K	$2.4M	25x	as long as short
Pacifica TAOlong	+0.0525%	1h	318.86	long leg	$363K	$423K	10x
Variational Omni TAO	+0.0535%	4h	319.70	+0.262%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.70	+0.262%	$318K	$709K	5x	as long as short
Hyperliquid TAO	+0.0621%	1h	318.99	+0.040%	$94.3M	$110.1M	5x	as long as short
Nado TAO-PERPshort	+0.0628%	1h	318.98	+0.037%	$796K	$2.1M	10x
01 Exchange TAOUSD	+0.0632%	1h	319.15	+0.090%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.86	+0.312%	$103K	$394K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0643%	1h	318.96	+0.030%	$11K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0670%	1h	318.93	+0.021%	$299K	$904K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.91	+0.013%	$367	—	20x	as long as short
Lighter TAO	+0.0824%	1h	319.05	+0.058%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.635%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	318.82	−0.015%	$457K	$664K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1157%	1h	319.03	+0.053%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.495%	$24K	$2K	12x	as long as short