TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.020%

Price spread now: Phoenix against Nado−0.146%57s7-day average +0.132% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.426% of the position

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.182%+$18 on $10k

Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.146%, 7d avg +0.132%

Together, before fees+0.411%+ Points / potential airdropNado: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.278% cheaper against Nado than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of +0.132%). If the spread goes back, that is −$28 on $10k: about 3.5 days of funding at the current rate (+$8 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	313.76	0.0252	pay 0.0031% / 1h	46m 08s	$780K	$2.2M	10x
Short	Phoenix TAO	313.30	0.0513	get 0.0064% / 1h	46m 08s	$312K	$713K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.146%Rate

Funding earned: $54.86
Price spread: −0.146% → +0.132%: −$27.81
Slippage, 4 orders: −$28.58
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$15.53
Costs to cover: 0.426%
Break-even: 9.0 days

Slippage from Nado: live order book, 3 min ago; Phoenix: live order book, 67 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	1.59 bp	8.7 bp −$9	23.8 bp −$238	doesn't fit	doesn't fit
Sell Phoenix live order book, 67 min ago	3.18 bp	19.2 bp −$19	28.6 bp −$286	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
dYdX TAO-USD	0.0000%	1h	313.35	−0.131%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.42	−0.106%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.72	−0.012%	$1K	$888K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.80	+0.014%	$89.7M	$505.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	−0.018%	$26.2M	$122.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.40	−0.114%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.65	−0.034%	$104.8M	$144.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.69	−0.022%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.49	−0.085%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.37	−0.125%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.52	−0.076%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.51	−0.079%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.20	−0.178%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.69	−0.021%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	313.57	−0.060%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.32	−0.140%	$420K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.425%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	313.75	−0.002%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.92	+0.052%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	313.88	+0.039%	$14K	$1K	10x	as long as short
Nado TAO-PERPlong	+0.0252%	1h	313.76	long leg	$780K	$2.2M	10x
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.331%	$46K	$255K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.173%	$532K	$942K	10x	as long as short
Popdex TAOUSDT	+0.0288%	1h	313.87	+0.036%	$49K	$662K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.98	+0.069%	$5.7M	$21.1M	50x	as long as short
Phemex TAOUSDT	+0.0314%	4h	313.65	−0.034%	$3.2M	$7.9M	50x	as long as short
Bullet TAO-USD	+0.0331%	1h	313.74	−0.005%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.60	−0.050%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0384%	4h	313.79	+0.010%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	−0.015%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0394%	4h	313.87	+0.036%	$68.1M	$151.3M	50x	as long as short
Extended TAO-USD	+0.0400%	1h	313.53	−0.073%	$905K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0423%	1h	313.54	−0.068%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.07	+0.100%	$101K	$370K	5x	as long as short
Phoenix TAOshort	+0.0513%	1h	313.30	−0.146%	$312K	$713K	5x
Reya TAORUSDPERP	+0.0697%	1h	313.67	−0.028%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0743%	1h	313.96	+0.065%	$91.8M	$108.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0799%	1h	313.84	+0.026%	$310K	$886K	10x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	314.30	+0.173%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0888%	1h	313.90	+0.045%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.47	+0.227%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.89	+0.042%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.737%	$23K	$2K	12x	as long as short