TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2783%/8h= +304.8% APRnext payment +$3.48 per $10,000 · paid last 24h +0.424%

Price spread now: Injective against Coinbase International+0.765%64s7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+2.894%+$289 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$84 a day on $10k at the current rate, and Injective is 0.765% dearer against Coinbase International than usual: you sell high and buy low: +$77 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 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	Coinbase International TAO-PERP-INTX	313.67	0.0928	pay 0.0116% / 1h	49m 45s	$1.5M	$6.8M	50x
Short	Injective TAO/USDC PERP	316.07	0.3711	get 0.0464% / 1h	49m 45s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +0.765%Rate

Funding earned: $584.52
Price spread: +0.765% → 0.000%: $76.51
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $651.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 4 min ago; Injective: 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 Coinbase International live order book, 4 min ago	9.28 bp	14.3 bp −$14	22.5 bp −$225	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	312.98	−0.219%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.94	−0.232%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.26	−0.131%	$641	$879K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.48	−0.062%	$89.6M	$504.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.50	−0.054%	$26.2M	$121.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	−0.214%	$13.6M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.42	−0.080%	$104.6M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.49	−0.057%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.21	−0.147%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.14	−0.488%	$41K	$314K	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	313.12	−0.175%	$81K	$908K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.92	−0.239%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.72	−0.303%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.30	−0.118%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.18	−0.156%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	312.88	−0.252%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.398%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0153%	4h	313.18	−0.157%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0224%	8h	313.48	−0.060%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0232%	4h	312.47	−0.384%	$531K	$942K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.48	−0.062%	$357K	$419K	10x	as long as short
Popdex TAOUSDT	+0.0248%	1h	313.43	−0.077%	$49K	$662K	20x	as long as short
Nado TAO-PERP	+0.0259%	1h	313.35	−0.101%	$779K	$2.2M	10x	as long as short
ApeX Omni TAOUSDT	+0.0265%	1h	312.08	−0.507%	$46K	$255K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0305%	1h	312.92	−0.240%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0328%	1h	313.25	−0.132%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.00	−0.214%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0358%	4h	313.50	−0.054%	—	$33.7M	—	as long as short
Phemex TAOUSDT	+0.0359%	4h	313.09	−0.185%	$3.1M	$7.9M	50x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.182%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0383%	4h	313.57	−0.032%	$67.9M	$151.2M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	313.24	−0.138%	$902K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.71	+0.013%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	312.50	−0.373%	$311K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0529%	1h	313.17	−0.159%	$11K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	−0.108%	$360	—	20x	as long as short
Hyperliquid TAO	+0.0705%	1h	313.49	−0.058%	$91.8M	$108.4M	5x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	313.87	+0.064%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0827%	1h	313.24	−0.137%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0888%	1h	313.63	−0.011%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0928%	1h	313.67	long leg	$1.5M	$6.8M	50x
RISEx TAO/USDC	+0.0948%	1h	313.37	−0.097%	$450K	$650K	5x	as long as short
Injective TAO/USDC PERPshort	+0.3711%	1h	316.07	+0.765%	$23K	$2K	12x