TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4780%/8h= +523.4% APRnext payment +$5.98 per $10,000 · paid last 24h +0.621%

Price spread now: Injective against Popdex−0.439%46s7-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 Injective

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. Injective is 0.439% cheaper against Popdex than usual: you would sell low and buy high (spread −0.439% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 7 hours of funding at the current rate (+$143 a day). The two prices were read 46 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	Popdex TAOUSDT	307.31	0.0096	pay 0.0012% / 1h	22m 34s	$41K	$530K	20x
Short	Injective TAO/USDC PERP	305.96	0.4876	get 0.0610% / 1h	22m 34s	$22K	$171	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.439%Rate

Funding earned: $1,003.84
Price spread: −0.439% → 0.000%: −$43.93
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $953.49
Costs to cover: 0.064%
Break-even: 0.4 days

Slippage unknown: Popdex: live order book, 1 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 Popdex live order book, 1 min ago	1.78 bp	11.2 bp −$11	91.6 bp −$916	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
dYdX TAO-USD	0.0000%	1h	306.98	−0.106%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.77	+0.150%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.76	+0.147%	$26K	—	150x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	307.31	long leg	$41K	$530K	20x
Pacifica TAO	+0.0100%	1h	307.16	−0.050%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.28	−0.008%	$85.8M	$404.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.51	+0.065%	$59.4M	$118.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.60	+0.094%	$25.3M	$93.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.57	+0.085%	$137K	$598K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	−0.078%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.10	−0.068%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.31	0.000%	$114.1M	$124.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.12	−0.062%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.16	−0.049%	$34.4M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.18	−0.042%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.459%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−0.711%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−0.701%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.784%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.34	+0.335%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.06	+0.245%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.87	+0.182%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.76	+0.146%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.88	+0.185%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.36	+0.016%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.00	+0.226%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.46	+0.049%	$879	$438K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	307.04	−0.088%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	307.30	−0.003%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.80	+0.159%	$440K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.30	−0.003%	$325K	$462K	5x	as long as short
Nado TAO-PERP	+0.0296%	1h	307.37	+0.019%	$843K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.69	+0.124%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.64	+0.107%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.25	+0.305%	$354	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	307.31	0.000%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	307.51	+0.067%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.04	+0.238%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.72	+0.134%	$6.3M	$19.3M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.57	+0.086%	$414K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1116%	1h	307.34	+0.010%	$444K	$715K	10x	as long as short
Hyperliquid TAO	+0.1738%	1h	307.65	+0.111%	$94.1M	$75.7M	5x	as long as short
Injective TAO/USDC PERPshort	+0.4876%	1h	305.96	−0.439%	$22K	$171	12x