TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h −0.005%

Price spread now: Phoenix against 01 Exchange+0.412%112s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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 +$4 a day on $10k at the current rate, and Phoenix is 0.412% dearer against 01 Exchange than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 112 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	01 Exchange TAOUSD	317.99	0.0512	pay 0.0064% / 1h	59m 38s	$3K	$4K	5x
Short	Phoenix TAO	319.30	0.0629	get 0.0079% / 1h	59m 38s	$321K	$703K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.412%Rate

Funding earned: $24.6
Price spread: +0.412% → 0.000%: $41.2
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $51.79
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 38 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 Phoenix live order book, 38 min ago	3.15 bp	18.3 bp −$18	25.6 bp −$256	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 42 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 −0.0005%	1h	317.83	−0.050%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0065%	1h	317.56	−0.137%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.26	+0.085%	$50K	$716K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.21	+0.069%	$70.0M	$157.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.00	+0.003%	$26.4M	$131.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.70	−0.091%	$14.8M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.02	+0.009%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.67	−0.101%	$35.8M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.00	+0.003%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.75	−0.075%	$2K	$2.0M	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.76	−0.072%	$117K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0140%	1h	317.73	−0.081%	$405K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.27	+0.088%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−0.170%	$46K	$259K	50x	as long as short
MEXC TAO_USDT	+0.0176%	4h	317.90	−0.028%	$104.2M	$151.0M	300x	as long as short
Binance TAOUSDT	+0.0177%	4h	318.06	+0.023%	$93.0M	$533.0M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0184%	4h	317.94	−0.016%	$52K	$295K	10x	as long as short
edgeX TAOUSDC	+0.0189%	4h	317.56	−0.135%	$42K	$321K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.021%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.22	+0.071%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.06	+0.022%	—	$37.3M	—	as long as short
Bullet TAO-USD	+0.0291%	1h	318.01	+0.007%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0302%	4h	317.66	−0.104%	$540K	$896K	10x	as long as short
Pacifica TAO	+0.0313%	1h	318.06	+0.021%	$373K	$454K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	317.90	−0.029%	$1.3M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	317.77	−0.068%	$904K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	318.21	+0.069%	$15K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0418%	4h	318.84	+0.267%	$4.8M	$11.0M	100x	as long as short
Phemex TAOUSDT	+0.0422%	4h	317.92	−0.022%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0473%	1h	318.14	+0.047%	$100K	$383K	5x	as long as short
Nado TAO-PERP	+0.0477%	1h	317.98	−0.002%	$778K	$2.0M	10x	as long as short
01 Exchange TAOUSDlong	+0.0512%	1h	317.99	long leg	$3K	$4K	5x
Variational Omni TAO	+0.0581%	4h	318.88	+0.280%	$5.6M	$10.1M	—	as long as short
Phoenix TAOshort	+0.0629%	1h	319.30	+0.412%	$321K	$703K	5x
Lighter TAO	+0.0632%	1h	318.22	+0.071%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.88	−0.035%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0725%	1h	317.96	−0.009%	$434K	$992K	10x	as long as short
Hyperliquid TAO	+0.0781%	1h	318.01	+0.006%	$94.1M	$110.3M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0833%	1h	317.98	−0.002%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	317.78	−0.067%	$448K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.22	+0.072%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.399%	$23K	$2K	12x	as long as short