Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.3596%/8h= −393.8% APRnext payment −$4.50 per $10,000 · paid last 24h −0.520%
Price spread now: Nado against Injective+0.163%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Nado
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—+ Points / potential airdropNado: Active · farm boardneeds both histories
The price spread pays, funding is against you. Nado is 0.163% dearer against Injective than usual: you sell high and buy low (spread +0.163% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$108 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective TAO/USDC PERP323.370.4172pay 0.0521% / 1h26m 16s$24K$2K12x
ShortNado TAO-PERP323.900.0575get 0.0072% / 1h26m 16s$793K$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
−$755.25
Price spread: +0.163% → 0.000%
$16.31
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$745.96
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Nado live order book, 3 min ago3.24 bp11.1 bp −$1122.8 bp −$228doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.5583%1h316.49−2.128%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h323.00−0.114%$129K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h323.32−0.016%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h324.09+0.223%$34K$676K20xas long as short
Binance TAOUSDT+0.0100%4h323.51+0.043%$94.6M$479.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h323.30−0.022%$26.7M$119.9M50xas long as short
Gate TAO_USDT+0.0100%4h323.30−0.022%$13.3M$49.8M50xas long as short
MEXC TAO_USDT+0.0100%4h323.70+0.102%$100.4M$141.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h324.04+0.207%$18.2M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h323.10−0.083%$36.1M$54.6M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h323.11−0.082%$36K$301K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h323.84+0.145%$87K$792K5xas long as short
SunX TAO-USDT+0.0100%4h323.46+0.028%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h322.86−0.158%$131K$482K20xas long as short
Phemex TAOUSDT+0.0100%4h323.00−0.114%$3.5M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h323.70+0.102%$178K$9983xas long as short
Orderly PERP_TAO_USDC+0.0115%4h323.41+0.012%$58K$282K10xas long as short
Katana Perps TAO-USD+0.0119%8h323.99+0.192%$689$776K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0160% / S +0.0126%1h323.37+0.001%$449K—100xas long as short
Kraken Futures PF_TAOUSD+0.0243%1h323.26−0.033%$5.7M$20.7M50xas long as short
GRVT TAO_USDT_Perp+0.0254%4h323.03−0.105%$536K$964K10xas long as short
Bullet TAO-USD+0.0266%1h323.74+0.115%$12K$18K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0280%1h323.34−0.010%$20K$1.6M25xas long as short
Paradex TAO-USD-PERP+0.0302%8h323.59+0.068%$15K$1K10xas long as short
BloFin TAO-USDT+0.0340%4h323.71+0.105%$4.6M$11.4M100xas long as short
Aster TAOUSDT+0.0371%4h323.70+0.104%$1.2M$9.6M50xas long as short
Pacifica TAO+0.0448%1h323.52+0.048%$383K$402K10xas long as short
Phoenix TAO+0.0504%1h324.30+0.288%$339K$707K5xas long as short
Arcus TAO-USD+0.0509%1h324.29+0.285%$101K$487K5xas long as short
Bybit TAOUSDT+0.0546%4h323.61+0.074%$70.9M$143.7M50xas long as short
BingX TAO-USDT+0.0558%4h323.56+0.059%—$30.3M—as long as short
Nado TAO-PERPshort+0.0575%1h323.90+0.163%$793K$2.2M10x
Reya TAORUSDPERP+0.0696%1h323.67+0.092%$372—20xas long as short
ApeX Omni TAOUSDT+0.0723%1h323.82+0.139%$48K$253K50xas long as short
01 Exchange TAOUSD+0.0768%1h324.51+0.353%$3K$4K5xas long as short
Extended TAO-USD+0.0832%1h323.29−0.026%$949K$2.3M25xas long as short
Variational Omni TAO+0.0868%4h323.85+0.148%$6.0M$9.8M—as long as short
Lighter TAO+0.0912%1h323.78+0.128%$1.6M$6.3M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h324.38+0.312%$1.5M$6.8M50xas long as short
Backpack TAO_USDC_PERP+0.1062%1h323.48+0.034%$445K$860K10xas long as short
RISEx TAO/USDC+0.1159%1h324.16+0.245%$468K$647K5xas long as short
Hyperliquid TAO+0.1252%1h324.06+0.213%$102.0M$99.1M5xas long as short
Injective TAO/USDC PERPlong+0.4172%1h323.37long leg$24K$2K12x