TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0555%/8h= +60.8% APRnext payment +$0.69 per $10,000 · paid last 24h +0.336%

Price spread now: Bullet against Bulk−0.333%7-day average — · you buy dearer than you sell

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

Long on Bulk Short on Bullet

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

Funding pays, the price is against you. Bullet is 0.333% cheaper against Bulk than usual: you would sell low and buy high (spread −0.333% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 2.0 days of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	320.94	−0.0237	get 0.0030% / 1h	10m 26s	$171K	$333	10x
Short	Bullet TAO-USD	319.87	0.0318	get 0.0040% / 1h	10m 26s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bulk. 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 BulkbpFee BulletbpOrdersPrice spread, now −0.333%Rate

Funding earned: $116.58
Price spread: −0.333% → 0.000%: −$33.34
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: $68.24
Costs to cover: 0.150%
Break-even: 2.9 days

Slippage unknown: Bulk: live order book, 33 min ago; Bullet: no order-book sample. 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 Bulk live order book, 33 min ago	0.16 bp	4.0 bp −$4	6.5 bp −$65	16.5 bp −$1,647	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Bulk TAO-USDlong	−0.0237%	1h	320.94	long leg	$171K	$333	10x
dYdX TAO-USD	0.0000%	1h	319.98	−0.299%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.10	−0.263%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.03	−0.284%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	−0.386%	$26.9M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.00	−0.293%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.00	−0.293%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.59	−0.421%	$35.9M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.33	−0.190%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.72	−0.380%	$85K	$1.2M	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	318.98	−0.611%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.20	−0.542%	$116K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.12	−0.255%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0114% / S +0.0155%	1h	319.73	−0.378%	$421K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.78	−0.361%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0129%	4h	319.64	−0.405%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0188%	4h	320.03	−0.284%	$93.0M	$528.0M	75x	as long as short
MEXC TAO_USDT	+0.0190%	4h	319.95	−0.308%	$107.2M	$151.3M	300x	as long as short
edgeX TAOUSDC	+0.0196%	4h	320.39	−0.170%	$42K	$317K	10x	as long as short
Paradex TAO-USD-PERP	+0.0254%	8h	320.33	−0.190%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0286%	4h	320.00	−0.293%	$70.3M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0294%	4h	320.11	−0.259%	—	$35.1M	—	as long as short
Bullet TAO-USDshort	+0.0318%	1h	319.87	−0.333%	$12K	$17K	20x
Aster TAOUSDT	+0.0355%	4h	319.96	−0.305%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	319.99	−0.296%	$913K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0386%	4h	320.29	−0.204%	$543K	$929K	10x	as long as short
BloFin TAO-USDT	+0.0431%	4h	319.50	−0.449%	$4.7M	$11.1M	100x	as long as short
Phemex TAOUSDT	+0.0446%	4h	319.96	−0.305%	$3.3M	$8.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0507%	1h	319.69	−0.391%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0512%	1h	319.99	−0.297%	$793K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0513%	4h	319.68	−0.394%	$5.7M	$10.2M	—	as long as short
Pacifica TAO	+0.0525%	1h	320.33	−0.190%	$365K	$428K	10x	as long as short
Phoenix TAO	+0.0567%	1h	320.70	−0.075%	$319K	$709K	5x	as long as short
Hyperliquid TAO	+0.0616%	1h	319.99	−0.296%	$94.7M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	320.26	−0.212%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.26	−0.212%	$103K	$389K	5x	as long as short
Lighter TAO	+0.0648%	1h	320.40	−0.169%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0690%	1h	320.03	−0.284%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.69	−0.390%	$368	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.77	+0.259%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.13	−0.251%	$441K	$675K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.73	−0.378%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.558%	$24K	$2K	12x	as long as short