TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0215%/8h= −23.6% APRnext payment −$0.27 per $10,000 · paid last 24h +0.060%

Price spread now: Nado against Deribit−0.122%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.122%, 7d avg −0.036%

Together, before fees+0.103%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.086% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.093%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	312.63	0.0553	pay 0.0069% / 1h	17m 55s	$13K	$1.8M	25x
Short	Nado TAO-PERP	312.25	0.0338	get 0.0042% / 1h	17m 55s	$788K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now −0.122%Rate

Funding earned: −$45.24
Price spread: −0.122% → −0.036%: −$8.59
Slippage, 4 orders: −$18.85
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$86.67
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Nado: live order book, 1 min ago.

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 Deribit live order book, 1 min ago	5.76 bp	9.6 bp −$10	15.4 bp −$154	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	0.96 bp	6.7 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit

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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.59	−0.014%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.30	−0.105%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	312.14	−0.157%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.21	−0.134%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.95	−0.217%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.39	−0.078%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.58	+0.303%	$89.8M	$501.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.246%	$26.1M	$121.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	+0.086%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.58	+0.304%	$102.8M	$145.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	313.51	+0.282%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.25	+0.198%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.62	+0.317%	—	$33.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.320%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.346%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.69	−0.301%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.32	−0.099%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.59	−0.013%	$11K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.51	−0.038%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.06	−0.182%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.77	+0.045%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.72	+0.030%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0107%	4h	313.09	+0.147%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.45	−0.057%	$52K	$290K	10x	as long as short
Bybit TAOUSDT	+0.0131%	4h	313.73	+0.352%	$67.6M	$150.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0135%	1h	312.21	−0.133%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	312.21	−0.135%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.50	−0.041%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.211%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	313.45	+0.261%	$914K	$2.4M	25x	as long as short
Nado TAO-PERPshort	+0.0338%	1h	312.25	−0.122%	$788K	$2.2M	10x
BloFin TAO-USDT	+0.0340%	4h	312.69	+0.019%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.30	−0.105%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0471%	1h	313.42	+0.253%	$92.1M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.48	−0.048%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0498%	1h	313.42	+0.253%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0553%	1h	312.63	long leg	$13K	$1.8M	25x
Lighter TAO	+0.0600%	1h	312.91	+0.089%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.43	−0.065%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.26	−0.118%	$443K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.546%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	−0.176%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+0.835%	$23K	$2K	12x	as long as short