TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: ApeX Omni against Bullet−0.156%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on ApeX Omni

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 −$1 a day on $10k at the current rate, and ApeX Omni is 0.156% cheaper against Bullet than usual: you would sell low and buy high (−$16 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	Bullet TAO-USD	314.27	0.0335	pay 0.0042% / 1h	44m 38s	$12K	$17K	20x
Short	ApeX Omni TAOUSDT	313.78	0.0317	get 0.0040% / 1h	44m 38s	$44K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bullet. 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 BulletbpFee ApeX OmnibpOrdersPrice spread, now −0.156%Rate

Funding earned: −$3.69
Price spread: −0.156% → 0.000%: −$15.59
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$37.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; ApeX Omni: 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 Bullet no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 2 min ago	5.58 bp	13.1 bp −$13	121.9 bp −$1,219	doesn't fit	doesn't fit

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
dYdX TAO-USD	0.0000%	1h	313.73	−0.172%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.82	−0.142%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.16	−0.035%	$643	$890K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.30	+0.010%	$89.8M	$505.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	−0.022%	$26.2M	$122.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.90	−0.118%	$13.7M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.37	+0.032%	$105.7M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.06	−0.067%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.87	−0.127%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.67	−0.189%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.97	−0.095%	$81K	$910K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.85	−0.134%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.62	−0.207%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.01	−0.081%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	313.93	−0.108%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.78	−0.155%	$420K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.588%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	314.34	+0.022%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.39	+0.037%	$358K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0241%	8h	314.18	−0.028%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0251%	4h	313.86	−0.130%	$3.2M	$7.9M	50x	as long as short
Nado TAO-PERP	+0.0253%	1h	314.23	−0.014%	$781K	$2.2M	10x	as long as short
Popdex TAOUSDT	+0.0280%	1h	314.30	+0.010%	$49K	$662K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0286%	4h	313.59	−0.216%	$533K	$942K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.18	−0.030%	$5.7M	$21.2M	50x	as long as short
ApeX Omni TAOUSDTshort	+0.0317%	1h	313.78	−0.156%	$44K	$256K	50x
Bullet TAO-USDlong	+0.0335%	1h	314.27	long leg	$12K	$17K	20x
BloFin TAO-USDT	+0.0340%	4h	314.18	−0.029%	$4.5M	$10.9M	100x	as long as short
BingX TAO-USDT	+0.0384%	4h	314.13	−0.045%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	−0.178%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0408%	1h	314.04	−0.074%	$903K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0423%	4h	314.28	+0.003%	$68.1M	$151.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0434%	1h	313.99	−0.088%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.36	+0.029%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	−0.086%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.01	−0.081%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0751%	1h	314.50	+0.073%	$92.0M	$108.6M	5x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	314.69	+0.134%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0810%	1h	314.28	+0.003%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0880%	1h	314.53	+0.084%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.00	+0.232%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.08	−0.059%	$453K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.573%	$23K	$2K	12x	as long as short