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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 13:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.079%
Price spread now: Nado against Popdex−0.033%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Long on PopdexShort on Nado
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.114%+$11 on $10k
Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.033%, 7d avg −0.001%
Together, before fees+0.016%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.032% cheaper against Popdex than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of −0.001%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex TAOUSDT325.070.0096pay 0.0012% / 1h23m 13s$59K$643K20x
ShortNado TAO-PERP324.960.0218get 0.0027% / 1h23m 13s$680K$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$25.64
Price spread: −0.033% → −0.001%
−$3.2
Slippage, 4 orders
−$21.47
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$12.44
Costs to cover
0.349%
Break-even
10.4 days
Slippage from Popdex: live order book, 14 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 14 min ago1.38 bp9.7 bp −$1069.5 bp −$695doesn't fitdoesn't fit
Sell Nado live order book, 4 min ago1.23 bp8.1 bp −$821.5 bp −$215doesn't fitdoesn't fit

TAO on 43 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h324.81−0.081%$274K$226K5xas long as short
Deribit TAO_USDC-PERPETUAL0.0000%1h324.61−0.143%$16K$2.0M25xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h324.43−0.196%$21K—150xas long as short
Bulk TAO-USD+0.0093%1h324.31−0.234%$172K$66210xas long as short
Popdex TAOUSDTlong+0.0096%1h325.07long leg$59K$643K20x
Binance TAOUSDT+0.0100%4h324.79−0.086%$98.1M$509.1M75xas long as short
Bybit TAOUSDT+0.0100%4h324.80−0.083%$73.6M$154.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h324.70−0.114%$27.8M$131.5M50xas long as short
Gate TAO_USDT+0.0100%4h324.60−0.145%$17.5M$48.3M50xas long as short
MEXC TAO_USDT+0.0100%4h324.77−0.092%$112.0M$154.0M300xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h324.73−0.105%$18.1M$30.1M75xas long as short
Bitget TAOUSDT+0.0100%4h324.43−0.197%$36.8M$53.2M50xas long as short
BingX TAO-USDT+0.0100%4h324.76−0.095%—$37.6M—as long as short
edgeX TAOUSDC+0.0100%4h325.37+0.093%$43K$326K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h325.57+0.154%$549K$791K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h325.25+0.055%$46K$259K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h324.98−0.028%$62K$1.1M5xas long as short
Bullet TAO-USD+0.0100%1h324.85−0.068%$12K$14K20xas long as short
SunX TAO-USDT+0.0100%4h324.57−0.154%$2K$1.7M20xas long as short
HTX TAO-USDT+0.0100%4h324.91−0.049%$118K$525K20xas long as short
Katana Perps TAO-USD+0.0101%8h325.19+0.037%$2K$1.4M5xas long as short
Extended TAO-USD+0.0104%1h324.66−0.125%$878K$2.2M25xas long as short
Aevo TAO-PERP+0.0104%1h324.84−0.071%$178K$9983xas long as short
Phemex TAOUSDT+0.0108%4h324.77−0.092%$3.3M$8.2M50xas long as short
Paradex TAO-USD-PERP+0.0164%8h325.30+0.071%$15K$76910xas long as short
Pacifica TAO+0.0182%1h325.26+0.059%$393K$447K10xas long as short
Aster TAOUSDT+0.0189%4h324.75−0.100%$1.3M$11.4M50xas long as short
Orderly PERP_TAO_USDC+0.0215%4h324.69−0.117%$53K$264K10xas long as short
Nado TAO-PERPshort+0.0218%1h324.96−0.033%$680K$2.0M10x
Hyperliquid TAO+0.0310%1h324.97−0.031%$96.2M$108.2M5xas long as short
Variational Omni TAO+0.0316%4h326.23+0.358%$7.1M$10.2M—as long as short
01 Exchange TAOUSD+0.0320%1h325.35+0.086%$3K$2K5xas long as short
Arcus TAO-USD+0.0329%1h325.38+0.095%$103K$239K5xas long as short
BloFin TAO-USDT+0.0340%4h324.88−0.058%$5.0M$10.1M100xas long as short
Lighter TAO+0.0352%1h324.90−0.052%$1.7M$7.0M5xas long as short
Backpack TAO_USDC_PERP+0.0372%1h324.91−0.049%$311K$1.1M10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0373% / S −0.0113%1h324.45−0.190%$378K—100xas long as short
Phoenix TAO+0.0500%1h326.10+0.317%$328K$688K5xas long as short
RISEx TAO/USDC+0.0614%1h325.09+0.006%$418K$674K5xas long as short
Reya TAORUSDPERP+0.0700%1h324.67−0.124%$373—20xas long as short
Coinbase International TAO-PERP-INTX+0.0712%1h325.16+0.028%$1.1M$7.6M50xas long as short
Kraken Futures PF_TAOUSD+0.0946%1h324.96−0.033%$6.4M$20.6M50xas long as short
Injective TAO/USDC PERP+0.4026%1h327.37+0.708%$24K$2K12xas long as short