TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.007%

Price spread now: 01 Exchange against Phoenix+0.295%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 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and 01 Exchange is 0.295% dearer against Phoenix than usual: you sell high and buy low: +$29 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	319.00	0.0567	pay 0.0071% / 1h	21m 08s	$321K	$712K	5x
Short	01 Exchange TAOUSD	319.94	0.0768	get 0.0096% / 1h	21m 08s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.295%Rate

Funding earned: $42.13
Price spread: +0.295% → 0.000%: $29.47
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $57.6
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 29 min ago; 01 Exchange: 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, 29 min ago	3.13 bp	19.0 bp −$19	85.3 bp −$853	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 exchanges

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	−0.1080%	1h	318.61	−0.122%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	318.01	−0.311%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.60	−0.125%	$51K	$634K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.28	−0.226%	$69.6M	$155.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.00	−0.313%	$27.1M	$129.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.00	−0.313%	$15.7M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.18	−0.257%	$17.7M	$31.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.85	−0.361%	$36.0M	$56.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.33	+0.103%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.05	−0.298%	$81K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.36	−0.201%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.24	−0.238%	$117K	$557K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.29	−0.223%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	318.51	−0.154%	$2K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	318.36	−0.201%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0128%	4h	319.40	+0.126%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0128%	4h	318.07	−0.292%	—	$39.0M	—	as long as short
MEXC TAO_USDT	+0.0132%	4h	318.27	−0.229%	$110.7M	$151.8M	300x	as long as short
Binance TAOUSDT	+0.0132%	4h	318.30	−0.219%	$93.4M	$517.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0182%	8h	318.37	−0.197%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0216%	1h	318.21	−0.248%	$963K	$2.1M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0248%	4h	318.29	−0.223%	$53K	$263K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	318.62	−0.118%	$541K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	318.49	−0.160%	$372K	$447K	10x	as long as short
Aster TAOUSDT	+0.0306%	4h	318.36	−0.201%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.97	−0.322%	$374K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.89	−0.034%	$100K	$329K	5x	as long as short
BloFin TAO-USDT	+0.0372%	4h	318.45	−0.172%	$4.9M	$10.5M	100x	as long as short
Lighter TAO	+0.0376%	1h	318.31	−0.217%	$1.6M	$6.7M	5x	as long as short
Bullet TAO-USD	+0.0383%	1h	318.38	−0.194%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0408%	4h	318.85	−0.047%	$5.6M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0443%	1h	318.51	−0.153%	$714K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	318.23	−0.243%	$14K	$1.9M	25x	as long as short
Phoenix TAOlong	+0.0567%	1h	319.00	long leg	$321K	$712K	5x
dYdX TAO-USD	+0.0640%	1h	318.34	−0.207%	$268K	$235K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	318.18	−0.257%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0683%	1h	318.35	−0.204%	$6.2M	$20.9M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.90	−0.032%	$367	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	318.50	−0.156%	$440K	$704K	5x	as long as short
01 Exchange TAOUSDshort	+0.0768%	1h	319.94	+0.295%	$3K	$4K	5x
Hyperliquid TAO	+0.0799%	1h	318.24	−0.238%	$96.0M	$108.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.47	−0.166%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	322.26	+1.022%	$23K	$2K	12x	as long as short