TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0369%/8h= −40.4% APRnext payment −$0.46 per $10,000 · paid last 24h −0.135%

Price spread now: Nado against Reya−0.079%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Nado

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—+ Points / potential airdropReya: Active · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Nado is 0.079% cheaper against Reya than usual: you would sell low and buy high (−$8 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	Reya TAORUSDPERP	305.84	0.0695	pay 0.0087% / 1h	12m 31s	$352	—	20x
Short	Nado TAO-PERP	305.60	0.0326	get 0.0041% / 1h	12m 31s	$825K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Reya. 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 ReyabpFee NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: −$77.43
Price spread: −0.079% → 0.000%: −$7.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$98.36
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 1 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Nado live order book, 1 min ago	2.13 bp	7.9 bp −$8	20.6 bp −$206	doesn't fit	doesn't fit

Reya: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.61	−0.075%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	306.24	+0.131%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.73	+0.291%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.72	+0.286%	$85.8M	$414.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.79	+0.311%	$59.4M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.70	+0.281%	$24.6M	$95.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.81	+0.317%	$80K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.004%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.30	+0.150%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.54	+0.229%	$113.9M	$125.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	306.37	+0.173%	$18.3M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.41	+0.186%	$34.2M	$45.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.43	+0.193%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.024%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.94	+0.032%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.70	−0.045%	$505K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.91	+0.023%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.70	−0.046%	$75K	$555K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.84	0.000%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.83	−0.003%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.51	−0.108%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.86	+0.006%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.88	+0.013%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.87	+0.009%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	306.69	+0.278%	$627	$505K	5x	as long as short
Aster TAOUSDT	+0.0117%	4h	306.55	+0.231%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	306.50	+0.216%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.55	+0.232%	$362K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.60	−0.080%	$436K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0321%	1h	305.91	+0.024%	$19K	$1.4M	25x	as long as short
Nado TAO-PERPshort	+0.0326%	1h	305.60	−0.079%	$825K	$1.9M	10x
BloFin TAO-USDT	+0.0340%	4h	305.71	−0.043%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	306.62	+0.256%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.94	+0.360%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0450%	1h	306.07	+0.075%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	+0.150%	$320K	$491K	5x	as long as short
Reya TAORUSDPERPlong	+0.0695%	1h	305.84	long leg	$352	—	20x
Extended TAO-USD	+0.0720%	1h	306.55	+0.231%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.14	+0.098%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.97	+0.044%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1102%	1h	306.75	+0.297%	$93.4M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.82	+0.319%	$418K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.945%	$22K	$264	12x	as long as short