TAO

Alert

Funding spread now, next payment 19:00 UTC−0.0392%/8h

paid, last 24h0.000%paid, last 7 days+0.032%to open and close $10k−$34

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TAO_USDC_PERP	283.32	0.0492	pay 0.0062% / 1h	39m 56s	$396K	$502K	10x
Short	Bybit TAOUSDT	283.00	0.0100	get 0.0050% / 4h	1h 39m	$49.0M	$84.6M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee BybitbpOrdersRate

Funding earned: −$82.35
Slippage, 4 orders: −$12.96
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$116.31
Break-even: never at this rate

Slippage from Backpack: live order book, 60 min ago; Bybit: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.113%
Avg gap 7d: −0.009%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 60 min ago	2.48 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.18 bp	10.2 bp −$10	18.8 bp −$188	42.1 bp −$4,212	doesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TAOUSD	−0.0383%	1h	$5.1M	$13.6M	50x	as long as short
Bulk TAO-USD	−0.0068%	1h	$185K	$36K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	$72K	$35K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	$33K	$955K	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	$9K	—	150x	as long as short
Lighter TAO	+0.0096%	1h	$1.3M	$2.1M	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$40K	$454K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$873	$311K	5x	as long as short
Nado TAO-PERP	+0.0100%	1h	$992K	$1.2M	10x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.8M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica TAO	+0.0100%	1h	$328K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$76.2M	$323.4M	75x	as long as short
Bybit TAOUSDTshort	+0.0100%	4h	$49.0M	$84.6M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	$22.3M	$67.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$124K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.1M	$43.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$101.3M	$103.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$16.7M	$19.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$31.9M	$35.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.8M	—	as long as short
Variational Omni TAO	+0.0100%	4h	$2.8M	$5.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$37K	$270K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$80K	$600K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$55K	$197K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$116K	$323K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.4M	50x	as long as short
Paradex TAO-USD-PERP	+0.0102%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$754K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$155K	$998	3x	as long as short
01 Exchange TAOUSD	+0.0304%	1h	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$3.9M	$7.0M	100x	as long as short
Hyperliquid TAO	+0.0429%	1h	$77.8M	$53.7M	5x	as long as short
Phoenix TAO	+0.0456%	1h	$302K	$160K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0199%	1h	$430K	—	100x	as long as short
Backpack TAO_USDC_PERPlong	+0.0492%	1h	$396K	$502K	10x
RISEx TAO/USDC	+0.0633%	1h	$318K	$440K	5x	as long as short
Reya TAORUSDPERP	+0.0693%	1h	$325	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0896%	1h	$1.4M	$3.8M	50x	as long as short
Injective TAO/USDC PERP	+0.3836%	1h	$21K	$59K	12x	as long as short