TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0145%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.001%

Price spread now: Bullet against Popdex−0.028%7-day average — · you buy dearer than you sell

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

Long on Popdex Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Bullet is 0.028% cheaper against Popdex than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	317.15	0.0096	pay 0.0012% / 1h	22m 08s	$40K	$632K	20x
Short	Bullet TAO-USD	317.06	0.0241	get 0.0030% / 1h	22m 08s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Popdex. 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 PopdexbpFee BulletbpOrdersPrice spread, now −0.028%Rate

Funding earned: $30.55
Price spread: −0.028% → 0.000%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bullet: 4 bp × 2 orders: −$8
Net: $13.31
Costs to cover: 0.144%
Break-even: 3.9 days

Slippage unknown: Popdex: live order book, 47 min ago; Bullet: 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 Popdex live order book, 47 min ago	1.74 bp	8.7 bp −$9	89.2 bp −$892	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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 42 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	316.86	−0.091%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.20	−0.300%	$10K	—	150x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	317.15	long leg	$40K	$632K	20x
Binance TAOUSDT	+0.0100%	4h	316.00	−0.363%	$90.7M	$466.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	−0.363%	$26.2M	$113.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.90	−0.394%	$12.9M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.02	−0.356%	$110.3M	$139.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.22	−0.293%	$18.1M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.01	−0.359%	$35.2M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.904%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.760%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.24	−0.287%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.32	−0.262%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.75	−0.441%	$130K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.76	−0.438%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.42	−0.230%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	317.04	−0.035%	$674	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0140%	1h	317.08	−0.022%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.737%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.93	−0.386%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	316.22	−0.292%	$443K	—	100x	as long as short
Bullet TAO-USDshort	+0.0241%	1h	317.06	−0.028%	$12K	$17K	20x
Aster TAOUSDT	+0.0261%	4h	315.99	−0.366%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.28	+0.041%	$373K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.44	+0.091%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0354%	8h	317.10	−0.016%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0389%	1h	315.99	−0.365%	$23K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.479%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0496%	1h	317.13	−0.006%	$791K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	−0.394%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.73	+0.183%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.11	−0.014%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0764%	4h	316.26	−0.281%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.504%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0837%	4h	316.16	−0.312%	$66.4M	$137.9M	50x	as long as short
Extended TAO-USD	+0.0904%	1h	316.13	−0.323%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0929%	1h	316.28	−0.274%	$320K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.10	+0.300%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.15	+0.001%	$453K	$631K	5x	as long as short
Hyperliquid TAO	+0.1299%	1h	316.65	−0.158%	$100.4M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	316.48	−0.212%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.587%	$164K	$40K	10x	as long as short