TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.033%

Price spread now: Deribit against gTrade (Gains Network)−0.035%7-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 Deribit

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. Deribit is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	314.72	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	37m 08s	$20K	—	150x
Short	Deribit TAO_USDC-PERPETUAL	314.61	0.0231	get 0.0029% / 1h	37m 08s	$11K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $47.62
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $27.12
Costs to cover: 0.170%
Break-even: 3.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Deribit live order book, 2 min ago	3.49 bp	7.0 bp −$7	14.6 bp −$146	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	−0.0482%	1h	315.13	+0.130%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.34	+0.197%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	314.72	long leg	$20K	—	150x
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.68	−0.014%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.82	+0.031%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.80	−0.292%	$90.4M	$491.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	−0.515%	$25.9M	$119.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.134%	$12.9M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.09	−0.200%	$105.8M	$142.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.79	−0.296%	$17.4M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	313.62	−0.350%	$35.0M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.76	+0.331%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.75	+0.327%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.99	+0.085%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.08	+0.114%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.81	+0.028%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.81	+0.028%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.72	0.000%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.95	+0.073%	$645	$787K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.677%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.79	+0.022%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0110%	4h	313.44	−0.407%	$68.2M	$147.2M	50x	as long as short
BingX TAO-USDT	+0.0116%	4h	313.82	−0.286%	—	$30.0M	—	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	314.56	−0.051%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	314.63	−0.028%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0184%	8h	315.51	+0.250%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0185%	1h	315.02	+0.096%	$803K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0207%	4h	314.59	−0.040%	$1.2M	$10.2M	50x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0231%	1h	314.61	−0.035%	$11K	$1.6M	25x
Hyperliquid TAO	+0.0255%	1h	314.04	−0.216%	$92.8M	$105.8M	5x	as long as short
01 Exchange TAOUSD	+0.0256%	1h	315.19	+0.149%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0272%	1h	314.66	−0.021%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0337%	1h	313.89	−0.264%	$314K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.41	−0.099%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.49	+0.244%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.46	+0.234%	$360K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	314.89	+0.055%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.819%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.389%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.10	+0.121%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.16	+0.139%	$437K	$656K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.66	+0.298%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.652%	$23K	$2K	12x	as long as short