Funding you earn now, next payment 00:00 UTC−0.5241%/8h= −573.9% APRnext payment −$6.55 per $10,000 · paid last 24h −0.320%
Price spread now: Bulk against Nado+0.214%7-day average −0.091% · 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+$8as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 3 days (all we have)−0.387%−$39 on $10k
+Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.214%, 7d avg −0.091%
=Together, before fees−0.820%+ Points / potential airdropNado: Active · farm board−$82 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.304% dearer against Nado than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of −0.091%): +$30 on $10k if it goes back. Holding the pair costs −$157 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 3 days (−0.387% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.387% in total (about -44.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.55 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 | 313.34 | 0.0519 | pay 0.0065% / 1h | 44m 01s | $834K | $2.0M | 10x |
| Short | Bulk TAO-USD | 314.01 | −0.4722 | pay 0.0590% / 1h | 44m 01s | $168K | $48K | 10x |
Nado TAO-PERP
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1,100.58
- Price spread: +0.214% → −0.091%
- $30.44
- Slippage, 4 orders
- −$8.63
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$1,092.76
- Costs to cover
- 0.226%
- Break-even
- from the start
Slippage from Nado: live order book, 5 min ago; Bulk: live order book, 35 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, 5 min ago | 1.12 bp | 6.7 bp −$7 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 35 min ago | 0.17 bp | 3.9 bp −$4 | 4.0 bp −$40 | 4.0 bp −$399 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDshort | −0.4722% | 1h | 314.01 | +0.214% | $168K | $48K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 312.82 | −0.167% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.65 | −0.222% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.334% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.94 | +0.191% | $40K | $550K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.41 | +0.021% | $371K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.91 | −0.138% | $88.5M | $424.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.97 | −0.119% | $61.3M | $123.7M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.80 | −0.173% | $25.1M | $100.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.50 | −0.269% | $12.7M | $49.1M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.56 | −0.250% | $119.5M | $127.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.18 | −0.052% | $19.0M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.39 | −0.304% | $34.9M | $46.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.60 | −0.237% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.65 | +0.097% | $41K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.17 | +0.265% | $519K | $950K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.13 | −0.068% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.83 | −0.164% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.00 | −0.109% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.94 | −0.128% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.16 | −0.057% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.74 | +0.127% | $830 | $539K | 5x | as long as short |
| Bullet TAO-USD | +0.0154% | 1h | 313.11 | −0.074% | $11K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0157% | 1h | 314.03 | +0.219% | $77K | $521K | 5x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.79 | +0.143% | $83K | $626K | 5x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.046% | $3.9M | $7.0M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0189% | 8h | 313.40 | +0.017% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0205% | 4h | 313.22 | −0.039% | $1.1M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0212% | 1h | 314.14 | +0.255% | $47K | $270K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.23 | −0.355% | $4.3M | $9.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0353% | 1h | 313.11 | −0.074% | $19K | $1.4M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 313.17 | −0.056% | $5.8M | $19.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.76 | −0.186% | $449K | — | 100x | as long as short |
| Nado TAO-PERPlong | +0.0519% | 1h | 313.34 | long leg | $834K | $2.0M | 10x | |
| Phoenix TAO | +0.0537% | 1h | 312.60 | −0.237% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0586% | 1h | 312.70 | −0.205% | $300K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.16 | −0.060% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 314.11 | +0.245% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0880% | 1h | 313.09 | −0.080% | $864K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.29 | −0.017% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.89 | +0.174% | $432K | $536K | 5x | as long as short |
| Lighter TAO | +0.1472% | 1h | 313.61 | +0.086% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2086% | 1h | 313.14 | −0.065% | $97.5M | $83.2M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
Polymarket Perps TAO-USD
Arcus TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Aster TAOUSDT
ApeX Omni TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO