TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0623%/8h= +68.2% APRnext payment +$0.78 per $10,000 · paid last 24h +0.176%

Price spread now: Coinbase International against Nado+0.306%7-day average +0.198% · 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−$29as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.413%+$41 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.306%, 7d avg +0.198%

Together, before fees+0.397%+ Points / potential airdropNado: Active · farm board+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.108% dearer against Nado than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.198%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	313.29	0.0329	pay 0.0041% / 1h	17m 06s	$791K	$2.2M	10x
Short	Coinbase International TAO-PERP-INTX	314.25	0.0952	get 0.0119% / 1h	17m 06s	$1.5M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.306%Rate

Funding earned: $130.82
Price spread: +0.306% → +0.198%: $10.75
Slippage, 4 orders: −$22.98
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $101.59
Costs to cover: 0.400%
Break-even: 1.6 days

Slippage from Nado: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago	0.96 bp	7.3 bp −$7	18.5 bp −$185	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.87 bp	11.9 bp −$12	16.1 bp −$161	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
Kraken Futures PF_TAOUSD	−0.0346%	1h	313.37	+0.025%	$5.6M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.03	−0.083%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	313.26	−0.009%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.36	+0.022%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	313.30	+0.002%	$641	$845K	5x	as long as short
Pacifica TAO	+0.0100%	1h	313.66	+0.117%	$357K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.88	−0.132%	$89.6M	$501.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.125%	$26.1M	$121.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.60	−0.221%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.80	−0.157%	$102.5M	$145.5M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	313.28	−0.004%	$17.9M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.53	−0.243%	$35.1M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.531%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.557%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−0.307%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.18	−0.036%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.38	+0.029%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.16	−0.042%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.03	−0.084%	$111K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.17	−0.039%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.74	−0.176%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.49	+0.062%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	313.31	+0.006%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0124%	4h	312.87	−0.135%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0136%	1h	313.04	−0.079%	$416K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	313.60	+0.100%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0161%	4h	312.97	−0.103%	$67.5M	$150.6M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	313.73	+0.140%	$102K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.422%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0320%	1h	313.29	−0.001%	$914K	$2.4M	25x	as long as short
Nado TAO-PERPlong	+0.0329%	1h	313.29	long leg	$791K	$2.2M	10x
BloFin TAO-USDT	+0.0340%	4h	313.40	+0.034%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	313.70	+0.130%	$312K	$711K	5x	as long as short
Hyperliquid TAO	+0.0473%	1h	313.00	−0.093%	$91.9M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	313.74	+0.143%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0509%	1h	312.89	−0.128%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0554%	1h	313.31	+0.005%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0632%	1h	313.65	+0.114%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.34	+0.014%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.52	+0.073%	$444K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.757%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0952%	1h	314.25	+0.306%	$1.5M	$6.7M	50x
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.078%	$23K	$2K	12x	as long as short