TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: ApeX Omni against gTrade (Gains Network)−0.458%67s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. ApeX Omni is 0.458% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.458% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 16 days of funding at the current rate (+$3 a day). The two prices were read 67 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	gTrade (Gains Network) TAO/USD	313.10	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	12m 21s	$21K	—	150x
Short	ApeX Omni TAOUSDT	311.67	0.0100	get 0.0013% / 1h	12m 21s	$47K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ApeX OmnibpOrdersPrice spread, now −0.458%Rate

Funding earned: $20.11
Price spread: −0.458% → 0.000%: −$45.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$45.66
Costs to cover: 0.200%
Break-even: 22.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; ApeX Omni: live order book, 65 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 65 min ago	3.76 bp	12.3 bp −$12	116.0 bp −$1,160	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.2753%	1h	312.56	−0.174%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.15	−0.303%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	313.10	long leg	$21K	—	150x
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−0.327%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.02	−0.027%	$37K	$573K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.55	−0.176%	$369K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.42	+0.101%	$88.9M	$428.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.32	+0.069%	$61.8M	$125.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.20	+0.031%	$25.2M	$101.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.10	−0.001%	$12.5M	$50.3M	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	313.44	+0.108%	$111.1M	$131.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.11	+0.002%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.13	+0.009%	$35.0M	$46.9M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.56	+0.146%	—	$30.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.68	−0.454%	$40K	$282K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	−0.373%	$517K	$943K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	311.67	−0.458%	$47K	$268K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	313.43	+0.104%	$77K	$452K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.42	+0.101%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.10	−0.001%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.13	−0.630%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.46	−0.525%	$127K	$414K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.39	−0.547%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.63	−0.470%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	312.89	−0.068%	$2K	$562K	5x	as long as short
Aster TAOUSDT	+0.0155%	4h	312.92	−0.058%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0070%	1h	311.17	−0.617%	$444K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0184%	8h	312.51	−0.190%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.12	+0.005%	$83K	$545K	5x	as long as short
Variational Omni TAO	+0.0210%	4h	311.68	−0.455%	$3.9M	$7.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0314%	1h	311.38	−0.549%	$20K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.29	−0.579%	$4.3M	$10.4M	100x	as long as short
Nado TAO-PERP	+0.0445%	1h	313.07	−0.011%	$822K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0451%	1h	311.42	−0.537%	$5.7M	$19.9M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0508%	1h	311.60	−0.480%	$291K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.40	−0.225%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0576%	1h	313.26	+0.050%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.30	+0.064%	$360	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	312.93	−0.056%	$854K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.27	+0.053%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1208%	1h	312.82	−0.089%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.08	−0.006%	$414K	$584K	5x	as long as short
Hyperliquid TAO	+0.1588%	1h	313.88	+0.248%	$98.3M	$84.6M	5x	as long as short