TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.4374%/8h= −478.9% APRnext payment −$5.47 per $10,000 · paid last 24h −0.724%

Price spread now: ApeX Omni against Injective+0.245%7-day average — · you sell dearer than you buy

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

Long on Injective Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−3.521%−$352 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. ApeX Omni is 0.245% dearer against Injective than usual: you sell high and buy low (spread +0.245% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$131 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−3.521% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	318.80	0.4513	pay 0.0564% / 1h	10m 31s	$23K	$2K	12x
Short	ApeX Omni TAOUSDT	319.58	0.0139	get 0.0017% / 1h	10m 31s	$46K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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 InjectivebpFee ApeX OmnibpOrdersPrice spread, now +0.245%Rate

Funding earned: −$918.45
Price spread: +0.245% → 0.000%: $24.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$904.01
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 26 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 Injective no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 26 min ago	4.90 bp	12.7 bp −$13	119.1 bp −$1,191	doesn't fit	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.39	+0.186%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0070%	1h	319.31	+0.160%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.68	+0.276%	$47K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.50	+0.533%	$26.6M	$132.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.40	+0.188%	$14.8M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.40	+0.188%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.39	+0.499%	$36.1M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.74	+0.295%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.48	+0.213%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.10	+0.094%	$117K	$602K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0137%	1h	319.40	+0.187%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.55	+0.235%	$838	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.85	+0.330%	$176K	$998	3x	as long as short
ApeX Omni TAOUSDTshort	+0.0139%	1h	319.58	+0.245%	$46K	$259K	50x
Orderly PERP_TAO_USDC	+0.0175%	4h	319.67	+0.273%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.427%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	319.73	+0.292%	$104.4M	$152.7M	300x	as long as short
Binance TAOUSDT	+0.0193%	4h	319.74	+0.294%	$92.5M	$533.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	319.56	+0.239%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0272%	4h	319.76	+0.301%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0274%	4h	320.42	+0.508%	$70.4M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0297%	1h	319.76	+0.301%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.56	+0.240%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0322%	4h	319.53	+0.229%	$544K	$907K	10x	as long as short
Phemex TAOUSDT	+0.0346%	4h	319.63	+0.260%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0356%	4h	319.80	+0.314%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.51	+0.221%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	319.96	+0.364%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0458%	1h	320.42	+0.509%	$788K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	320.01	+0.380%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0568%	4h	319.84	+0.326%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0608%	1h	319.78	+0.308%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.345%	$321K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0654%	1h	319.67	+0.274%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	320.34	+0.483%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0696%	1h	319.80	+0.314%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.59	+0.560%	$369	—	20x	as long as short
Hyperliquid TAO	+0.0711%	1h	319.58	+0.245%	$94.6M	$110.7M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0829%	1h	319.74	+0.293%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.81	+0.316%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.12	+0.414%	$1.4M	$7.1M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.511%	$169K	$0	10x	as long as short
Injective TAO/USDC PERPlong	+0.4513%	1h	318.80	long leg	$23K	$2K	12x