TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.048%

Price spread now: Arcus against Nado+0.087%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.087%, 7d avg +0.078%

Together, before fees−0.173%+ Points / potential airdropNado: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	319.62	0.0461	pay 0.0058% / 1h	10m 55s	$786K	$2.0M	10x
Short	Arcus TAO-USD	319.90	0.0473	get 0.0059% / 1h	10m 55s	$101K	$384K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.087%Rate

Funding earned: $2.61
Price spread: +0.087% → +0.078%: $0.88
Slippage, 4 orders: −$31.89
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.9
Costs to cover: 0.434%
Break-even: 114.2 days

Slippage from Nado: live order book, 3 min ago; Arcus: live order book, 28 min ago.

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 Nado live order book, 3 min ago	2.03 bp	8.1 bp −$8	18.7 bp −$187	doesn't fit	doesn't fit
Sell Arcus live order book, 28 min ago	9.78 bp	14.8 bp −$15	26.2 bp −$262	doesn't fit	doesn't fit

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	−0.072%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0071%	1h	319.34	−0.088%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.84	+0.068%	$47K	$713K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.40	−0.070%	$26.5M	$132.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.10	−0.163%	$14.8M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.09	−0.167%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.00	−0.195%	$35.9M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.64	+0.005%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.48	−0.045%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.10	−0.163%	$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	−0.071%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.54	−0.026%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.85	+0.072%	$176K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0139%	1h	319.58	−0.013%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0175%	4h	319.67	+0.015%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.683%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	319.26	−0.113%	$104.2M	$152.7M	300x	as long as short
Binance TAOUSDT	+0.0189%	4h	319.51	−0.035%	$92.5M	$532.9M	75x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	319.81	+0.057%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0271%	4h	319.49	−0.041%	$70.2M	$157.2M	50x	as long as short
BingX TAO-USDT	+0.0272%	4h	319.22	−0.126%	—	$37.3M	—	as long as short
Bullet TAO-USD	+0.0297%	1h	319.76	+0.043%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.68	+0.019%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0322%	4h	319.53	−0.029%	$544K	$907K	10x	as long as short
Phemex TAOUSDT	+0.0346%	4h	319.63	+0.002%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0352%	4h	319.49	−0.040%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.26	−0.113%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	319.96	+0.106%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERPlong	+0.0461%	1h	319.62	long leg	$786K	$2.0M	10x
Arcus TAO-USDshort	+0.0473%	1h	319.90	+0.087%	$101K	$384K	5x
Variational Omni TAO	+0.0568%	4h	319.84	+0.068%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0600%	1h	319.92	+0.094%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.087%	$321K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0654%	1h	319.67	+0.016%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	320.11	+0.153%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0696%	1h	319.80	+0.056%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.69	+0.020%	$368	—	20x	as long as short
Hyperliquid TAO	+0.0712%	1h	319.85	+0.071%	$94.6M	$110.7M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0829%	1h	319.74	+0.035%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.55	−0.024%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.12	+0.156%	$1.4M	$7.1M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.767%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.257%	$23K	$2K	12x	as long as short