TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%

Price spread now: Bullet against Pacifica−0.122%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Bullet

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 airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bullet is 0.122% cheaper against Pacifica than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	317.41	0.0185	pay 0.0023% / 1h	26m 55s	$376K	$376K	10x
Short	Bullet TAO-USD	317.02	0.0124	get 0.0015% / 1h	26m 55s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Pacifica. 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 PacificabpFee BulletbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$12.74
Price spread: −0.122% → 0.000%: −$12.25
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$40.98
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 46 min ago; Bullet: 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 Pacifica live order book, 46 min ago	3.53 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.1321%	1h	318.22	+0.256%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.04	−0.116%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.64	−0.242%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.22	−0.059%	$43K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.48	−0.293%	$91.0M	$447.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.50	−0.286%	$25.9M	$108.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	−0.349%	$12.8M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.48	−0.293%	$108.1M	$135.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.37	−0.327%	$18.1M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.36	−0.330%	$35.3M	$50.7M	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	317.29	−0.039%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.342%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.91	−0.157%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.66	−0.236%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.26	−0.047%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.69	−0.226%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.33	−0.024%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	317.29	−0.037%	$734	$625K	5x	as long as short
Bullet TAO-USDshort	+0.0124%	1h	317.02	−0.122%	$12K	$17K	20x
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	316.65	−0.238%	$456K	—	100x	as long as short
Pacifica TAOlong	+0.0185%	1h	317.41	long leg	$376K	$376K	10x
Arcus TAO-USD	+0.0201%	1h	317.45	+0.013%	$84K	$550K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0215%	1h	316.92	−0.153%	$17K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0220%	4h	316.52	−0.279%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	317.18	−0.073%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0296%	1h	317.11	−0.094%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0297%	1h	317.40	−0.003%	$93K	$635K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.116%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	316.61	−0.252%	—	$30.7M	—	as long as short
Variational Omni TAO	+0.0436%	4h	318.35	+0.295%	$5.5M	$8.7M	—	as long as short
Bybit TAOUSDT	+0.0453%	4h	316.86	−0.173%	$65.3M	$133.0M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.74	−0.212%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.50	+0.344%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.752%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.49	+0.026%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.19	−0.070%	$365	—	20x	as long as short
Nado TAO-PERP	+0.0788%	1h	317.38	−0.009%	$882K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0848%	1h	316.78	−0.198%	$320K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.78	+0.117%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.28	−0.041%	$422K	$591K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	316.48	−0.291%	$921K	$2.3M	25x	as long as short
Lighter TAO	+0.1392%	1h	317.27	−0.045%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2079%	1h	317.05	−0.113%	$102.1M	$91.2M	5x	as long as short