Funding you earn now, next payment 01:00 UTC+0.1435%/8h= +157.2% APRpaid last 24h +0.049%
Price spread now: Nado against Phemex−0.125%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1011.006% of the position
Funding, last 3 days (all we have)+0.056%+$6 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.125%, 7d avg −0.023%
=Together, before fees+0.110%+ Points / potential airdropNado: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.102% cheaper against Phemex than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.023%). If the spread goes back, that is −$10 on $10k: about 6 hours of funding at the current rate (+$43 a day). At the pace of the last 3 days (+0.056% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.056% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex TAOUSDT | 319.31 | −0.0658 | get 0.0329% / 4h | 3h 35m | $3.5M | $7.9M | 50x |
| Short | Nado TAO-PERP | 318.91 | 0.0778 | get 0.0097% / 1h | 35m 43s | $891K | $2.0M | 10x |
Phemex TAOUSDT
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $301.41
- Price spread: −0.125% → −0.023%
- −$10.25
- Slippage, 4 orders
- −$81.61
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $190.55
- Costs to cover
- 1.006%
- Break-even
- 2.6 days
Slippage from Phemex: live order book, 3 min ago; Nado: live order book, 3 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 Phemex live order book, 3 min ago | 29.18 bp | 39.4 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 2.68 bp | 10.2 bp −$10 | 21.7 bp −$217 | 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 | −0.1322% | 1h | 319.84 | +0.166% | $170K | $44K | 10x | as long as short |
| Phemex TAOUSDTlong | −0.0658% | 4h | 319.31 | long leg | $3.5M | $7.9M | 50x | |
| dYdX TAO-USD | 0.0000% | 1h | 319.00 | −0.097% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.70 | +0.123% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.26 | −0.016% | $43K | $586K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.50 | +0.058% | $92.0M | $445.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | +0.028% | $26.1M | $108.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.60 | +0.091% | $13.0M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.46 | +0.047% | $107.5M | $134.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.66 | +0.110% | $18.3M | $29.1M | 75x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 319.43 | +0.038% | $35.6M | $50.2M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.20 | −0.347% | $40K | $292K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 316.52 | −0.873% | $524K | $960K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.83 | +0.163% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.90 | +0.185% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.06 | +0.235% | $128K | $424K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 320.33 | +0.319% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0122% | 8h | 319.34 | +0.009% | $2K | $615K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0089% | 1h | 319.76 | +0.140% | $463K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0174% | 1h | 320.09 | +0.244% | $12K | $18K | 20x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 319.59 | +0.089% | $378K | $374K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0192% | 1h | 318.59 | −0.225% | $48K | $266K | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 319.91 | +0.188% | $85K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0237% | 4h | 319.55 | +0.074% | $1.1M | $8.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0240% | 8h | 319.10 | −0.065% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0247% | 1h | 320.03 | +0.224% | $18K | $1.6M | 25x | as long as short |
| Polymarket Perps TAO-USD | +0.0310% | 1h | 319.65 | +0.106% | $94K | $638K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.91 | +0.188% | $4.5M | $10.9M | 100x | as long as short |
| Bybit TAOUSDT | +0.0385% | 4h | 319.79 | +0.150% | $65.7M | $132.6M | 50x | as long as short |
| Variational Omni TAO | +0.0398% | 4h | 320.33 | +0.318% | $5.6M | $8.7M | — | as long as short |
| BingX TAO-USDT | +0.0428% | 4h | 319.61 | +0.094% | — | $30.5M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0479% | 1h | 319.81 | +0.156% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.50 | −0.567% | $332K | $624K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 318.09 | −0.382% | $23K | $665 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 319.75 | +0.138% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.52 | +0.066% | $367 | — | 20x | as long as short |
| Nado TAO-PERPshort | +0.0778% | 1h | 318.91 | −0.125% | $891K | $2.0M | 10x | |
| Backpack TAO_USDC_PERP | +0.0890% | 1h | 319.98 | +0.210% | $323K | $819K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 319.95 | +0.200% | $1.5M | $6.2M | 50x | as long as short |
| Extended TAO-USD | +0.1120% | 1h | 320.14 | +0.260% | $934K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 319.73 | +0.133% | $425K | $600K | 5x | as long as short |
| Lighter TAO | +0.1520% | 1h | 319.82 | +0.159% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2399% | 1h | 320.19 | +0.276% | $103.4M | $90.6M | 5x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Pacifica TAO
ApeX Omni TAOUSDT
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Polymarket Perps TAO-USD
BloFin TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
BingX TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO