Funding you earn now, next payment 21:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.045%
Price spread now: Nado against Phoenix+0.022%57s7-day average −0.138% · 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−$430.433% of the position
Funding, last 3 days (all we have)−0.175%−$18 on $10k
+Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.022%, 7d avg −0.138%
=Together, before fees−0.332%+ Points / potential airdropNado: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.160% dearer against Phoenix than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.138%. Mind the row above: over the last 3 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour. The two prices were read 57 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 | Phoenix TAO | 307.30 | 0.0234 | pay 0.0029% / 1h | 21m 52s | $325K | $462K | 5x |
| Short | Nado TAO-PERP | 307.37 | 0.0296 | get 0.0037% / 1h | 21m 52s | $843K | $1.9M | 10x |
Phoenix TAO
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. 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
- $12.87
- Price spread: +0.022% → −0.138%
- $16.01
- Slippage, 4 orders
- −$29.26
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$14.38
- Costs to cover
- 0.433%
- Break-even
- 14.8 days
Slippage from Phoenix: live order book, 64 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 Phoenix live order book, 64 min ago | 3.22 bp | 16.5 bp −$16 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell Nado live order book, 2 min ago | 0.65 bp | 4.1 bp −$4 | 14.2 bp −$142 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 306.98 | −0.103% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 307.58 | +0.091% | $26K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0065% | 1h | 307.79 | +0.158% | $15K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.31 | +0.003% | $41K | $530K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.16 | −0.047% | $363K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.39 | +0.355% | $86.1M | $404.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.73 | +0.465% | $59.6M | $118.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.70 | +0.456% | $25.4M | $93.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.57 | +0.088% | $137K | $598K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | −0.075% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 308.20 | +0.293% | $12.2M | $48.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 308.29 | +0.322% | $114.7M | $124.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.07 | +0.251% | $18.6M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.60 | +0.423% | $34.5M | $44.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.18 | +0.286% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.90 | −0.456% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.13 | −0.707% | $39K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.16 | −0.698% | $535K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.90 | −0.781% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 307.62 | +0.104% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.59 | +0.095% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.72 | +0.137% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.60 | +0.098% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.77 | +0.153% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 307.46 | +0.052% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.87 | +0.184% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 307.46 | +0.052% | $879 | $438K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 307.04 | −0.085% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0166% | 4h | 308.33 | +0.335% | $1.1M | $7.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 307.54 | +0.079% | $439K | — | 100x | as long as short |
| Phoenix TAOlong | +0.0234% | 1h | 307.30 | long leg | $325K | $462K | 5x | |
| Nado TAO-PERPshort | +0.0296% | 1h | 307.37 | +0.022% | $843K | $1.9M | 10x | |
| BloFin TAO-USDT | +0.0340% | 4h | 307.69 | +0.127% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 307.64 | +0.111% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.54 | +0.079% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0704% | 1h | 308.06 | +0.247% | $906K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0920% | 1h | 308.31 | +0.328% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 308.55 | +0.407% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1024% | 1h | 307.99 | +0.225% | $6.3M | $19.2M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.57 | +0.089% | $414K | $537K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1094% | 1h | 308.20 | +0.293% | $445K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1746% | 1h | 308.87 | +0.511% | $94.5M | $75.7M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −0.436% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP