TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1761%/8h= −192.8% APRnext payment −$2.20 per $10,000 · paid last 24h −0.314%

Price spread now: Bulk against Bullet−0.922%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 Bulk

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 −$53 a day on $10k at the current rate, and Bulk is 0.922% cheaper against Bullet than usual: you would sell low and buy high (−$92 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	325.09	0.0321	pay 0.0040% / 1h	1m 55s	$12K	$17K	20x
Short	Bulk TAO-USD	322.10	−0.1440	pay 0.0180% / 1h	1m 55s	$171K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.922%Rate

Funding earned: −$369.78
Price spread: −0.922% → 0.000%: −$92.19
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$476.98
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Bulk: live order book, 47 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 Bulk live order book, 47 min ago	0.32 bp	4.0 bp −$4	4.4 bp −$44	4.5 bp −$445	12.3 bp −$6,155

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-USDshort	−0.1440%	1h	322.10	−0.922%	$171K	$333	10x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	324.66	−0.133%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0027%	1h	324.14	−0.293%	$129K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.00	−0.336%	$27.0M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	324.00	−0.336%	$14.3M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	324.23	−0.265%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	324.14	−0.293%	$36.6M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	324.86	−0.071%	$82K	$973K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	324.72	−0.114%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	324.35	−0.228%	$121K	$576K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	324.51	−0.179%	$3.3M	$8.1M	50x	as long as short
Popdex TAOUSDT	+0.0104%	1h	325.08	−0.004%	$42K	$687K	20x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	325.03	−0.019%	$2K	$963K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	324.67	−0.130%	$54K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	324.91	−0.057%	$178K	$998	3x	as long as short
edgeX TAOUSDC	+0.0124%	4h	323.29	−0.553%	$43K	$316K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0125% / S +0.0143%	1h	324.71	−0.118%	$436K	—	100x	as long as short
MEXC TAO_USDT	+0.0144%	4h	324.26	−0.256%	$104.1M	$149.4M	300x	as long as short
Binance TAOUSDT	+0.0148%	4h	324.18	−0.280%	$93.7M	$518.9M	75x	as long as short
Pacifica TAO	+0.0233%	1h	324.62	−0.146%	$369K	$421K	10x	as long as short
Nado TAO-PERP	+0.0287%	1h	325.10	+0.002%	$823K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0293%	8h	324.70	−0.122%	$15K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0293%	1h	325.11	+0.004%	$6.1M	$21.6M	50x	as long as short
Aster TAOUSDT	+0.0311%	4h	324.58	−0.158%	$1.3M	$10.8M	50x	as long as short
Bullet TAO-USDlong	+0.0321%	1h	325.09	long leg	$12K	$17K	20x
BloFin TAO-USDT	+0.0384%	4h	323.38	−0.527%	$4.6M	$11.2M	100x	as long as short
BingX TAO-USDT	+0.0424%	4h	324.33	−0.234%	—	$34.1M	—	as long as short
Bybit TAOUSDT	+0.0429%	4h	324.08	−0.311%	$71.0M	$154.8M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0468%	4h	322.01	−0.947%	$549K	$948K	10x	as long as short
Arcus TAO-USD	+0.0483%	1h	325.25	+0.049%	$111K	$377K	5x	as long as short
ApeX Omni TAOUSDT	+0.0495%	1h	323.55	−0.474%	$47K	$257K	50x	as long as short
Extended TAO-USD	+0.0496%	1h	324.23	−0.265%	$920K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	323.50	−0.490%	$322K	$713K	5x	as long as short
Variational Omni TAO	+0.0516%	4h	323.58	−0.466%	$5.7M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	324.86	−0.072%	$23K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	325.04	−0.016%	$374	—	20x	as long as short
Lighter TAO	+0.0800%	1h	325.19	+0.031%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0804%	1h	325.11	+0.004%	$96.0M	$109.7M	5x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	325.65	+0.172%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0853%	1h	324.93	−0.050%	$322K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	325.87	+0.239%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	325.06	−0.010%	$466K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	−0.453%	$24K	$2K	12x	as long as short