TAO

Alert

Funding spread now, next payment 14:00 UTC−0.0259%/8h

next payment, per $10,000−$0.32paid, last 24h−0.079%paid, last 7 days−0.092%to open and close $10k−$124

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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	Phoenix TAO	284.40	0.0363	pay 0.0045% / 1h	33m 50s	$301K	$148K	5x
Short	Aevo TAO-PERP	284.75	0.0104	get 0.0013% / 1h	33m 50s	$156K	$998	3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee AevobpOrdersRate

Funding earned: −$54.34
Slippage, 4 orders: −$101.03
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$178.36
Break-even: never at this rate

Slippage from Phoenix: live order book, 19 min ago; Aevo: live order book, 21 min ago.

Price risk

price view

Price gap now: +0.125%
Avg gap 7d: −0.104%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix live order book, 19 min ago	3.54 bp	13.0 bp −$13	25.2 bp −$252	doesn't fit	doesn't fit
Sell Aevo live order book, 21 min ago	33.06 bp	46.0 bp −$46	260.7 bp −$2,607	doesn't fit	doesn't fit

TAO on 41 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0012%	1h	$18K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0072%	1h	$25K	$868K	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$40K	$443K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$582	$261K	5x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.8M	$4.7M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$331K	$377K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$80.0M	$307.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$51.5M	$80.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.1M	$64.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$122K	$570K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	$11.2M	$44.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$114.0M	$94.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$17.3M	$17.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$32.3M	$34.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.0M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$283K	$274K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.3M	$4.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$285K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$72K	$1.1M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$51K	$146K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$2K	$1.5M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$116K	$308K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	$149K	$0	10x	as long as short
dYdX TAO-USD	+0.0101%	1h	$72K	$55K	5x	as long as short
Paradex TAO-USD-PERP	+0.0104%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$791K	$1.2M	25x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	$156K	$998	3x
Nado TAO-PERP	+0.0281%	1h	$1.1M	$1.1M	10x	as long as short
Hyperliquid TAO	+0.0288%	1h	$75.6M	$47.4M	5x	as long as short
Lighter TAO	+0.0328%	1h	$1.3M	$1.8M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.0M	$6.9M	100x	as long as short
Phoenix TAOlong	+0.0363%	1h	$301K	$148K	5x
Kraken Futures PF_TAOUSD	+0.0450%	1h	$5.5M	$13.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0470% / S −0.0193%	1h	$426K	—	100x	as long as short
RISEx TAO/USDC	+0.0556%	1h	$320K	$396K	5x	as long as short
Reya TAORUSDPERP	+0.0692%	1h	$327	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.1000%	1h	$1.4M	$4.1M	50x	as long as short
Injective TAO/USDC PERP	+0.1765%	1h	$21K	$125K	12x	as long as short