TAO

Alert

Funding spread now, next payment 19:00 UTC+0.0360%/8h

next payment, per $10,000+$0.45paid, last 24h−0.032%paid, last 3 days+0.022%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.022% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	281.80	0.0100	pay 0.0012% / 1h	24m 40s	$992K	$1.2M	10x
Short	Backpack TAO_USDC_PERP	282.10	0.0460	get 0.0058% / 1h	24m 40s	$394K	$500K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee BackpackbpOrdersRate

Funding earned: $75.66
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $58.66
Break-even: 1.6 days

Slippage unknown: Nado: live order book, just now; Backpack: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.106%
Avg gap 7d: +0.025%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, just now	0.89 bp	7.3 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell Backpack live order book, 11 min ago	0.18 bp	12.6 bp −$13	22.1 bp −$221	doesn't fit	doesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TAOUSD	−0.0385%	1h	$5.1M	$13.3M	50x	as long as short
Bulk TAO-USD	−0.0265%	1h	$184K	$36K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	$72K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0015%	1h	$21K	—	150x	as long as short
Lighter TAO	+0.0096%	1h	$1.2M	$2.1M	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$40K	$455K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$901	$309K	5x	as long as short
Nado TAO-PERPlong	+0.0100%	1h	$992K	$1.2M	10x
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.7M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$327K	$373K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TAOUSDT	+0.0100%	4h	$75.7M	$322.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$48.7M	$84.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$22.2M	$66.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$124K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.0M	$43.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$101.3M	$103.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$16.7M	$19.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$31.8M	$35.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.9M	—	as long as short
Variational Omni TAO	+0.0100%	4h	$2.8M	$5.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$37K	$270K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$80K	$561K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$55K	$196K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$116K	$323K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0102%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$746K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$155K	$998	3x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0162%	1h	$33K	$942K	25x	as long as short
01 Exchange TAOUSD	+0.0296%	1h	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$3.9M	$6.9M	100x	as long as short
Hyperliquid TAO	+0.0393%	1h	$77.5M	$53.0M	5x	as long as short
Phoenix TAO	+0.0456%	1h	$300K	$160K	5x	as long as short
Backpack TAO_USDC_PERPshort	+0.0460%	1h	$394K	$500K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0199%	1h	$429K	—	100x	as long as short
RISEx TAO/USDC	+0.0633%	1h	$315K	$441K	5x	as long as short
Reya TAORUSDPERP	+0.0693%	1h	$324	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0896%	1h	$1.4M	$3.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3836%	1h	$21K	$59K	12x	as long as short