TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0460%/8h= −50.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.105%

Price spread now: Nado against RISEx−0.273%54s7-day average −0.022% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.236% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.373%−$37 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.273%, 7d avg −0.022%

Together, before fees−0.171%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Nado is 0.251% cheaper against RISEx than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.022%). Swap the legs. The two prices were read 54 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	RISEx TAO/USDC	322.09	0.1077	pay 0.0135% / 1h	50m 17s	$464K	$665K	5x
Short	Nado TAO-PERP	321.21	0.0617	get 0.0077% / 1h	50m 17s	$803K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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 RISExbpFee NadobpOrdersPrice spread, now −0.273%Rate

Funding earned: −$96.52
Price spread: −0.273% → −0.022%: −$25.06
Slippage, 4 orders: −$10.59
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$145.17
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from RISEx: live order book, 58 min ago; Nado: live order book, 3 min ago.

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 RISEx live order book, 58 min ago	1.75 bp	4.8 bp −$5	16.5 bp −$165	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.93 bp	8.4 bp −$8	21.2 bp −$212	doesn't fit	doesn't fit

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	−0.2101%	1h	320.87	−0.379%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.85	−0.076%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.62	−0.147%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.16	+0.021%	$40K	$695K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.80	−0.091%	$26.7M	$129.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.70	−0.122%	$14.2M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.91	−0.056%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.74	−0.109%	$36.2M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.78	−0.407%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.90	−0.060%	$77K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	321.99	−0.032%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.46	−0.196%	$118K	$585K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.73	−0.112%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	321.99	−0.032%	$731	$985K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.02	−0.024%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	322.07	−0.007%	$53K	$293K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0122% / S +0.0155%	1h	321.55	−0.169%	$435K	—	100x	as long as short
MEXC TAO_USDT	+0.0146%	4h	322.15	+0.018%	$105.7M	$149.3M	300x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.94	−0.357%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0148%	4h	322.08	−0.004%	$93.3M	$525.2M	75x	as long as short
Paradex TAO-USD-PERP	+0.0267%	8h	322.02	−0.021%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0307%	4h	321.67	−0.131%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0366%	4h	321.98	−0.035%	—	$34.3M	—	as long as short
Bullet TAO-USD	+0.0377%	1h	322.06	−0.010%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0388%	4h	321.61	−0.150%	$4.7M	$11.1M	100x	as long as short
Bybit TAOUSDT	+0.0389%	4h	322.05	−0.013%	$70.3M	$155.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0420%	4h	320.79	−0.404%	$546K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	321.86	−0.071%	$914K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	322.16	+0.021%	$367K	$422K	10x	as long as short
Variational Omni TAO	+0.0536%	4h	321.98	−0.036%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.70	−0.122%	$320K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0611%	1h	322.27	+0.055%	$320K	$899K	10x	as long as short
Nado TAO-PERPshort	+0.0617%	1h	321.21	−0.273%	$803K	$2.2M	10x
Deribit TAO_USDC-PERPETUAL	+0.0633%	1h	321.92	−0.055%	$14K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	322.22	+0.040%	$104K	$394K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	322.49	+0.124%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0670%	1h	322.26	+0.052%	$95.3M	$109.9M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	322.01	−0.027%	$370	—	20x	as long as short
Lighter TAO	+0.0880%	1h	322.27	+0.055%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.95	+0.266%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDClong	+0.1077%	1h	322.09	long leg	$464K	$665K	5x
Kraken Futures PF_TAOUSD	+0.1146%	1h	322.08	−0.005%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+1.912%	$24K	$2K	12x	as long as short