TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1101%/8h= +120.5% APRnext payment +$1.38 per $10,000 · paid last 24h +0.578%

Price spread now: Injective against Phoenix+1.992%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.253%+$325 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 1.992% dearer against Phoenix than usual: you sell high and buy low: +$199 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TAO	302.70	0.0521	pay 0.0065% / 1h	35m 17s	$321K	$491K	5x
Short	Injective TAO/USDC PERP	308.73	0.1621	get 0.0203% / 1h	35m 17s	$22K	$264	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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 PhoenixbpFee InjectivebpOrdersPrice spread, now +1.992%Rate

Funding earned: $231.14
Price spread: +1.992% → 0.000%: $199.21
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $423.33
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 47 min ago; Injective: 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 Phoenix live order book, 47 min ago	3.24 bp	12.2 bp −$12	21.1 bp −$211	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0186%	1h	303.81	+0.367%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.17	−0.175%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.55	−0.049%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.59	−0.036%	$44K	$535K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	302.74	+0.014%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	302.94	+0.079%	$84.9M	$412.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.91	+0.069%	$58.6M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.80	+0.033%	$24.3M	$94.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.72	+0.007%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.60	−0.033%	$12.1M	$48.7M	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	302.94	+0.079%	$110.1M	$124.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.76	+0.020%	$18.5M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.63	−0.023%	$33.8M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.83	+0.043%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.56	+0.284%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.35	+0.215%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.49	+0.261%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	+0.198%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.74	+0.013%	$77K	$601K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.81	+0.035%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.85	+0.050%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.82	+0.040%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	302.49	−0.069%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.78	+0.026%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.93	+0.077%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.59	−0.036%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	302.44	−0.085%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.58	−0.040%	$357K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.59	−0.038%	$432K	—	100x	as long as short
BloFin TAO-USDT	+0.0340%	4h	302.76	+0.020%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0352%	1h	303.07	+0.121%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0373%	1h	302.56	−0.045%	$816K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0380%	1h	302.96	+0.087%	$21K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.67	−0.010%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0424%	1h	302.95	+0.083%	$377K	$757K	10x	as long as short
Phoenix TAOlong	+0.0521%	1h	302.70	long leg	$321K	$491K	5x
Reya TAORUSDPERP	+0.0695%	1h	302.66	−0.012%	$348	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	302.92	+0.072%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.05	+0.116%	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1043%	1h	302.91	+0.068%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1076%	1h	302.98	+0.093%	$91.9M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.78	+0.026%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERPshort	+0.1621%	1h	308.73	+1.992%	$22K	$264	12x