TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.81 per $10,000 · paid last 24h −0.001%

Price spread now: Katana Perps against Paradex+0.048%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Katana Perps is 0.048% dearer against Paradex than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	313.09	0.0191	pay 0.0191% / 8h	21m 48s	$14K	$1K	10x
Short	Katana Perps TAO-USD	313.24	0.0109	get 0.0109% / 8h	21m 48s	$3K	$555K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Paradex. 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 ParadexbpFee Katana PerpsbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$17.08
Price spread: +0.048% → 0.000%: $4.75
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$20.13
Costs to cover: 0.078%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Katana Perps: 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 Paradex no order-book sample	—	—	—	—	—
Sell Katana Perps no order-book sample	—	—	—	—	—

Paradex and Katana Perps: 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
Bulk TAO-USD	−0.4493%	1h	315.57	+0.792%	$169K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.76	−0.106%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.89	−0.066%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.594%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.77	+0.217%	$37K	$571K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.02	−0.023%	$370K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.05	−0.013%	$88.7M	$427.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.17	+0.025%	$61.6M	$125.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	+0.003%	$25.1M	$101.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.80	−0.093%	$12.5M	$50.1M	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	313.02	−0.023%	$110.5M	$131.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.18	+0.028%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.72	−0.119%	$34.9M	$46.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.02	−0.023%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.02	−0.342%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.92	+0.264%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.97	−0.358%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.96	+0.277%	$77K	$466K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.17	+0.025%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.08	−0.004%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.13	+0.012%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.58	+0.156%	$128K	$408K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.14	+0.016%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.27	+0.058%	$172K	$998	3x	as long as short
Katana Perps TAO-USDshort	+0.0109%	8h	313.24	+0.048%	$3K	$555K	5x
Aster TAOUSDT	+0.0177%	4h	312.98	−0.036%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.41	+0.102%	$83K	$565K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0191%	8h	313.09	long leg	$14K	$1K	10x
Variational Omni TAO	+0.0199%	4h	312.46	−0.202%	$4.0M	$7.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0217%	1h	313.02	−0.024%	$21K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.12	−0.310%	$4.4M	$10.5M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	313.04	−0.015%	$5.7M	$19.9M	50x	as long as short
Nado TAO-PERP	+0.0453%	1h	313.46	+0.119%	$825K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	312.89	−0.064%	$449K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0524%	1h	313.39	+0.095%	$292K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−0.189%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	313.67	+0.185%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.26	+0.055%	$360	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	312.92	−0.053%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.79	+0.223%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1224%	1h	313.55	+0.146%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.35	+0.082%	$436K	$567K	5x	as long as short
Hyperliquid TAO	+0.1670%	1h	313.39	+0.095%	$97.6M	$84.1M	5x	as long as short