TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Popdex−0.116%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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.116% cheaper against Popdex than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	308.20	0.0096	pay 0.0012% / 1h	4m 57s	$43K	$531K	20x
Short	gTrade (Gains Network) TAO/USD	307.84	L +0.0004% / S −0.0007%	get 0.0001% / 1h	4m 57s	$26K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.116%Rate

Funding earned: −$18.79
Price spread: −0.116% → 0.000%: −$11.65
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$46.84
Costs to cover: 0.164%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 19 min ago; gTrade (Gains Network): 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, 19 min ago	1.78 bp	11.2 bp −$11	91.6 bp −$916	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0601%	1h	309.73	+0.496%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.01	−0.062%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0007%	1h	307.84	−0.116%	$26K	—	150x
Popdex TAOUSDTlong	+0.0096%	1h	308.20	long leg	$43K	$531K	20x
Pacifica TAO	+0.0100%	1h	308.45	+0.083%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.40	+0.064%	$86.5M	$405.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.60	+0.130%	$60.0M	$119.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.50	+0.097%	$25.4M	$93.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.62	+0.136%	$138K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.90	−0.097%	$12.3M	$48.8M	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	308.24	+0.013%	$119.3M	$126.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.18	−0.006%	$18.8M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.12	−0.026%	$34.4M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.06	−0.045%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	+0.081%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	+0.040%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.317%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.59	+0.451%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.14	−0.019%	$78K	$662K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.11	−0.030%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.95	−0.081%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.94	−0.084%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.33	+0.042%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.10	−0.032%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.15	−0.016%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.29	+0.029%	$2K	$461K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0111%	1h	308.02	−0.057%	$11K	$1.3M	25x	as long as short
Aster TAOUSDT	+0.0156%	4h	308.07	−0.042%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	308.24	+0.013%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.292%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0304%	1h	308.13	−0.024%	$850K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	+0.058%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	307.80	−0.130%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.65	+0.146%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.04	−0.051%	$354	—	20x	as long as short
Extended TAO-USD	+0.0784%	1h	308.22	+0.007%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0898%	1h	308.19	−0.003%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.50	+0.422%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	308.44	+0.079%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.38	+0.060%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.39	+0.060%	$412K	$542K	5x	as long as short
Hyperliquid TAO	+0.1859%	1h	308.74	+0.175%	$96.8M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.172%	$22K	$271	12x	as long as short