TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3140%/8h= −343.9% APRnext payment −$3.93 per $10,000 · paid last 24h −0.397%

Price spread now: Coinbase International against Injective−1.481%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−2.869%−$287 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$94 a day on $10k at the current rate, and Coinbase International is 1.481% cheaper against Injective than usual: you would sell low and buy high (−$148 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	317.38	0.4092	pay 0.0512% / 1h	45m 09s	$23K	$2K	12x
Short	Coinbase International TAO-PERP-INTX	312.68	0.0952	get 0.0119% / 1h	45m 09s	$1.5M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −1.481%Rate

Funding earned: −$659.47
Price spread: −1.481% → 0.000%: −$148.09
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$817.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	4.32 bp	9.6 bp −$10	15.8 bp −$158	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.12	−1.658%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.36	−1.897%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.82	−1.752%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.83	−1.749%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.88	−1.733%	$2K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.65	−1.806%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.14	−1.650%	$89.6M	$497.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.31	−1.597%	$67.1M	$149.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.00	−1.695%	$25.9M	$120.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	−0.718%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.80	−1.758%	$13.0M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.10	−1.664%	$101.2M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.12	−1.657%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.85	−1.742%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.07	−1.673%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	−1.634%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	−1.718%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	−1.708%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.59	−1.824%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.94	−1.714%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.75	−1.774%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.63	−1.812%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	−1.687%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	312.06	−1.676%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0117%	4h	311.87	−1.735%	$1.2M	$10.4M	50x	as long as short
Phemex TAOUSDT	+0.0127%	4h	312.00	−1.695%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	311.74	−1.777%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0141%	8h	311.92	−1.719%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0176%	1h	312.16	−1.646%	$913K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0216%	1h	312.29	−1.604%	$91.7M	$107.2M	5x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.93	−1.717%	$101K	$392K	5x	as long as short
Nado TAO-PERP	+0.0255%	1h	311.77	−1.767%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	−1.664%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.24	−1.620%	$4.5M	$10.8M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0396%	1h	312.18	−1.638%	$310K	$906K	10x	as long as short
Lighter TAO	+0.0400%	1h	312.44	−1.556%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.92	−1.720%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	−1.538%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	312.22	−1.626%	$33K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.81	−1.756%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.81	−1.756%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0952%	1h	312.68	−1.481%	$1.5M	$6.8M	50x
Injective TAO/USDC PERPlong	+0.4092%	1h	317.38	long leg	$23K	$2K	12x