TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Popdex against Pacifica+0.043%54s7-day average −0.005% · 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−$410.411% of the position

Long on Pacifica Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.043%, 7d avg −0.005%

Together, before fees−0.008%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.048% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 54 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	Pacifica TAO	315.63	0.0100	pay 0.0013% / 1h	1m 45s	$373K	$363K	10x
Short	Popdex TAOUSDT	315.77	0.0096	get 0.0012% / 1h	1m 45s	$39K	$568K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$0.84
Price spread: +0.043% → −0.005%: $4.75
Slippage, 4 orders: −$26.72
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$37.2
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Pacifica: live order book, 12 min ago; Popdex: live order book, 12 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, 12 min ago	3.53 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 12 min ago	1.12 bp	11.3 bp −$11	89.1 bp −$891	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	−0.2086%	1h	311.96	−1.164%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.26	−0.120%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.55	−0.026%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.163%	$23K	$374	12x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	315.77	+0.043%	$39K	$568K	20x
Pacifica TAOlong	+0.0100%	1h	315.63	long leg	$373K	$363K	10x
Binance TAOUSDT	+0.0100%	4h	315.48	−0.049%	$89.5M	$431.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	316.03	+0.125%	$65.0M	$128.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.021%	$25.4M	$103.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.40	−0.074%	$12.6M	$50.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.74	+0.033%	$111.6M	$132.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.50	−0.043%	$18.8M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.39	−0.078%	$35.3M	$47.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.66	+0.008%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	−0.813%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−0.867%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−1.047%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.85	+0.068%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.72	+0.027%	$61K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.61	−0.008%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.47	−0.052%	$129K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.87	+0.075%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.23	+0.190%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0111%	1h	315.94	+0.097%	$77K	$450K	5x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.60	−0.011%	$1K	$577K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.57	−0.022%	$450K	—	100x	as long as short
Aster TAOUSDT	+0.0178%	4h	315.60	−0.011%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.88	+0.078%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0197%	8h	315.38	−0.080%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−1.052%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.59	−0.014%	$4.4M	$10.6M	100x	as long as short
Nado TAO-PERP	+0.0431%	1h	315.72	+0.028%	$857K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0443%	1h	315.89	+0.082%	$25K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0444%	1h	316.13	+0.158%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	315.70	+0.021%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0546%	1h	315.95	+0.100%	$314K	$813K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.01	+0.119%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.77	+0.044%	$363	—	20x	as long as short
Extended TAO-USD	+0.0888%	1h	315.55	−0.027%	$926K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.76	+0.673%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1184%	1h	315.92	+0.091%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.63	−0.001%	$418K	$584K	5x	as long as short
Hyperliquid TAO	+0.1586%	1h	315.87	+0.075%	$99.0M	$84.9M	5x	as long as short