TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0739%/8h= +80.9% APRnext payment +$0.92 per $10,000 · paid last 24h +0.028%

Price spread now: Extended against Bullet−0.343%46s7-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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.343% cheaper against Bullet than usual: you would sell low and buy high (spread −0.343% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 37 hours of funding at the current rate (+$22 a day). The two prices were read 46 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	Bullet TAO-USD	313.31	0.0133	pay 0.0017% / 1h	41m 40s	$11K	$17K	20x
Short	Extended TAO-USD	312.24	0.0872	get 0.0109% / 1h	41m 40s	$863K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.343%Rate

Funding earned: $155.13
Price spread: −0.343% → 0.000%: −$34.27
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $107.86
Costs to cover: 0.130%
Break-even: 2.1 days

Slippage unknown: Bullet: no order-book sample; Extended: 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 Extended live order book, 2 min ago	1.76 bp	4.5 bp −$5	6.1 bp −$61	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
Bulk TAO-USD	−0.4722%	1h	314.01	+0.224%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.08	−0.394%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.75	−0.180%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.345%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.41	−0.287%	$41K	$551K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.39	−0.294%	$370K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.35	−0.306%	$88.3M	$424.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.47	−0.268%	$61.2M	$123.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.30	−0.322%	$25.0M	$100.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.10	−0.386%	$12.7M	$49.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.23	−0.345%	$120.0M	$127.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.32	−0.316%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.11	−0.383%	$34.8M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.35	−0.306%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.83	−0.152%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.13	+0.262%	$529K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.73	−0.185%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.61	−0.223%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.02	+0.227%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.63	−0.217%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.87	−0.142%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	312.41	−0.287%	$2K	$541K	5x	as long as short
Bullet TAO-USDlong	+0.0133%	1h	313.31	long leg	$11K	$17K	20x
Polymarket Perps TAO-USD	+0.0152%	1h	313.77	+0.147%	$77K	$521K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	312.76	−0.176%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	+0.056%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0188%	8h	312.27	−0.333%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0202%	4h	312.38	−0.297%	$1.1M	$7.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0216%	1h	312.82	−0.156%	$19K	$1.4M	25x	as long as short
ApeX Omni TAOUSDT	+0.0226%	1h	312.79	−0.166%	$47K	$270K	50x	as long as short
BloFin TAO-USDT	+0.0351%	4h	312.54	−0.246%	$4.3M	$10.2M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.75	−0.179%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	312.74	−0.182%	$450K	—	100x	as long as short
Nado TAO-PERP	+0.0528%	1h	312.39	−0.293%	$830K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.227%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0570%	1h	312.50	−0.259%	$300K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.37	+0.020%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	312.47	−0.268%	$3K	$4K	5x	as long as short
Extended TAO-USDshort	+0.0872%	1h	312.24	−0.343%	$863K	$2.1M	25x
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.424%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	312.56	−0.238%	$430K	$537K	5x	as long as short
Lighter TAO	+0.1408%	1h	312.70	−0.194%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1967%	1h	312.76	−0.176%	$97.4M	$83.3M	5x	as long as short