TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0479%/8h= −52.5% APRnext payment −$0.60 per $10,000 · paid last 24h −0.088%

Price spread now: Deribit against 01 Exchange−0.096%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Deribit

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 against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.096% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 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	01 Exchange TAOUSD	305.41	0.0520	pay 0.0065% / 1h	26m 59s	$3K	$4K	5x
Short	Deribit TAO_USDC-PERPETUAL	305.12	0.0041	get 0.0005% / 1h	26m 59s	$15K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$100.59
Price spread: −0.096% → 0.000%: −$9.56
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$124.15
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Deribit: live order book, 2 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 Deribit live order book, 2 min ago	3.76 bp	doesn't fit	doesn't fit	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	304.91	−0.164%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.95	−0.151%	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0041%	1h	305.12	−0.096%	$15K	$1.3M	25x
Popdex TAOUSDT	+0.0096%	1h	305.14	−0.088%	$41K	$525K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.19	−0.071%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.03	−0.125%	$85.3M	$403.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.16	−0.082%	$58.9M	$118.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.10	−0.102%	$25.2M	$92.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.56	+0.049%	$136K	$596K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.544%	$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	304.80	−0.200%	$12.1M	$48.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.01	−0.131%	$112.8M	$123.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.79	−0.203%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.86	−0.180%	$34.2M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.98	−0.141%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.695%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.631%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.772%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.583%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.21	−0.065%	$86K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.09	−0.106%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.03	−0.124%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.95	−0.151%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.02	−0.128%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.80	−0.200%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.17	−0.077%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	305.14	−0.088%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0151%	4h	305.00	−0.135%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0162%	8h	305.08	−0.107%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.92	−0.160%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	305.60	+0.062%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0311%	1h	305.03	−0.124%	$833K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.11	−0.098%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSDlong	+0.0520%	1h	305.41	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0694%	1h	305.11	−0.099%	$351	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	304.89	−0.169%	$897K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	305.38	−0.009%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.30	+0.291%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.22	−0.063%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.26	−0.047%	$408K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1193%	1h	305.16	−0.082%	$441K	$715K	10x	as long as short
Hyperliquid TAO	+0.1709%	1h	305.62	+0.069%	$93.2M	$76.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	+0.180%	$22K	$171	12x	as long as short