TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0119%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.115%

Price spread now: Reya against Nado−0.058%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.058% cheaper against Nado than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	316.44	0.0577	pay 0.0072% / 1h	46m 53s	$763K	$2.1M	10x
Short	Reya TAORUSDPERP	316.25	0.0696	get 0.0087% / 1h	46m 53s	$364	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.058%Rate

Funding earned: $25.06
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.25
Costs to cover: 0.130%
Break-even: 5.3 days

Slippage unknown: Nado: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

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	0.63 bp	7.6 bp −$8	18.5 bp −$185	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USD	−0.2257%	1h	317.17	+0.231%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.64	+0.064%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.82	−0.196%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.46	+0.007%	$44K	$650K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.91	+0.149%	$91.6M	$469.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	+0.146%	$26.2M	$115.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	+0.083%	$13.0M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.93	+0.156%	$105.5M	$138.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.79	+0.111%	$18.2M	$30.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.60	+0.051%	$35.4M	$53.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	315.81	−0.198%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.18	−0.081%	$76K	$757K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.98	−0.145%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.58	−0.271%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.74	−0.220%	$129K	$475K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.28	−0.050%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.99	−0.143%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	316.47	+0.010%	$1K	$746K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	315.75	−0.216%	$429K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0212%	4h	317.35	+0.288%	$528K	$946K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0229%	1h	315.84	−0.190%	$20K	$1.6M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.45	−0.311%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0281%	1h	316.21	−0.072%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0297%	4h	316.75	+0.099%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0340%	8h	316.47	+0.010%	$14K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.138%	—	$10.3M	100x	as long as short
Pacifica TAO	+0.0448%	1h	316.86	+0.134%	$374K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	316.70	+0.083%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.00	+0.178%	$100K	$489K	5x	as long as short
Nado TAO-PERPlong	+0.0577%	1h	316.44	long leg	$763K	$2.1M	10x
BingX TAO-USDT	+0.0684%	4h	316.91	+0.149%	—	$30.3M	—	as long as short
Reya TAORUSDPERPshort	+0.0696%	1h	316.25	−0.058%	$364	—	20x
Bybit TAOUSDT	+0.0708%	4h	316.98	+0.171%	$67.4M	$139.4M	50x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	316.76	+0.102%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0866%	1h	316.68	+0.077%	$320K	$802K	10x	as long as short
Variational Omni TAO	+0.0881%	4h	317.62	+0.375%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0920%	1h	316.86	+0.133%	$896K	$2.3M	25x	as long as short
ApeX Omni TAOUSDT	+0.0923%	1h	316.03	−0.129%	$46K	$253K	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.65	+0.383%	$1.5M	$6.4M	50x	as long as short
Lighter TAO	+0.1040%	1h	315.98	−0.146%	$1.5M	$6.3M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.56	+0.039%	$448K	$626K	5x	as long as short
Hyperliquid TAO	+0.1434%	1h	316.32	−0.037%	$100.0M	$98.2M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	+1.028%	$23K	$2K	12x	as long as short