TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0743%/8h= +81.4% APRnext payment +$0.93 per $10,000 · paid last 24h −0.058%

Price spread now: Backpack against 01 Exchange+0.246%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Backpack

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 for this trade now. Funding pays +$22 a day on $10k at the current rate, and Backpack is 0.246% dearer against 01 Exchange than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	304.83	0.0488	pay 0.0061% / 1h	38m 50s	$3K	$4K	5x
Short	Backpack TAO_USDC_PERP	305.58	0.1231	get 0.0154% / 1h	38m 50s	$467K	$683K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now +0.246%Rate

Funding earned: $156.02
Price spread: +0.246% → 0.000%: $24.6
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $163.62
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 50 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 50 min ago	0.64 bp	9.0 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit

01 Exchange: 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	305.37	+0.177%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.77	−0.020%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.45	−0.125%	$41K	$525K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.76	+0.306%	$361K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.65	+0.271%	$85.7M	$401.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.72	+0.292%	$58.9M	$117.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.50	+0.220%	$25.0M	$92.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.91	+0.026%	$136K	$593K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.30	+0.154%	$12.0M	$47.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.67	+0.276%	$112.4M	$122.3M	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	305.44	+0.200%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.54	+0.233%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.67	+0.276%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	306.23	+0.460%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.88	+0.345%	$40K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.96	+0.369%	$536K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.81	+0.321%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.99	+0.054%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.99	+0.052%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.02	+0.062%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.96	+0.043%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.99	+0.052%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.06	+0.075%	$168K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0105%	1h	305.00	+0.056%	$85K	$669K	5x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	304.55	−0.092%	$2K	$424K	5x	as long as short
Aster TAOUSDT	+0.0117%	4h	305.49	+0.217%	$1.1M	$7.5M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0124%	1h	305.16	+0.108%	$13K	$1.3M	25x	as long as short
Paradex TAO-USD-PERP	+0.0165%	8h	304.52	−0.101%	$14K	$992	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.77	−0.020%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	305.80	+0.318%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0237%	1h	304.84	+0.002%	$843K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.23	+0.131%	$4.2M	$9.4M	100x	as long as short
01 Exchange TAOUSDlong	+0.0488%	1h	304.83	long leg	$3K	$4K	5x
Extended TAO-USD	+0.0656%	1h	305.51	+0.225%	$873K	$1.9M	25x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.007%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.02	+0.063%	$351	—	20x	as long as short
Lighter TAO	+0.0824%	1h	306.01	+0.389%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.88	+0.673%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.24	+0.133%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.66	−0.056%	$406K	$533K	5x	as long as short
Backpack TAO_USDC_PERPshort	+0.1231%	1h	305.58	+0.246%	$467K	$683K	10x
Hyperliquid TAO	+0.1605%	1h	306.33	+0.491%	$92.9M	$75.3M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	307.78	+0.968%	$22K	$136	12x	as long as short