TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0452%/8h= −49.5% APRnext payment −$0.57 per $10,000 · paid last 24h −0.120%

Price spread now: gTrade (Gains Network) against Phoenix−0.131%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and gTrade (Gains Network) is 0.131% cheaper against Phoenix than usual: you would sell low and buy high (−$13 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	Phoenix TAO	311.70	0.0457	pay 0.0057% / 1h	6m 44s	$310K	$711K	5x
Short	gTrade (Gains Network) TAO/USD	311.29	L +0.0004% / S −0.0004%	get 0.0001% / 1h	6m 44s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phoenix. 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 PhoenixbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.131%Rate

Funding earned: −$95.02
Price spread: −0.131% → 0.000%: −$13.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$125.08
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 46 min ago; gTrade (Gains Network): 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 Phoenix live order book, 46 min ago	3.18 bp	9.6 bp −$10	19.6 bp −$196	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.98	+0.089%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	311.29	−0.131%	$20K	—	150x
dYdX TAO-USD	+0.0011%	1h	311.82	+0.038%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.01	+0.099%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.50	−0.064%	$2K	$857K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.41	+0.227%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.29	+0.189%	$89.2M	$502.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.20	+0.160%	$26.0M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.00	+0.096%	$13.4M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.35	+0.209%	$103.4M	$145.8M	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	312.30	+0.192%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.03	+0.106%	$35.0M	$56.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.50	−0.065%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.94	+0.076%	$530K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.33	−0.119%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.63	−0.022%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.52	−0.058%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.67	−0.010%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.54	−0.051%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.72	+0.006%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.79	+0.030%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0105%	4h	312.01	+0.099%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0113%	4h	311.69	−0.003%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0135% / S +0.0137%	1h	311.17	−0.170%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0170%	8h	312.26	+0.179%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.47	+0.247%	$101K	$369K	5x	as long as short
BingX TAO-USDT	+0.0256%	4h	312.38	+0.218%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0293%	4h	312.31	+0.196%	$67.4M	$150.9M	50x	as long as short
Extended TAO-USD	+0.0304%	1h	312.21	+0.164%	$909K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0314%	1h	311.62	−0.026%	$786K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0325%	4h	312.94	+0.397%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.18	+0.154%	$4.5M	$10.8M	100x	as long as short
Phoenix TAOlong	+0.0457%	1h	311.70	long leg	$310K	$711K	5x
Hyperliquid TAO	+0.0462%	1h	312.52	+0.263%	$91.7M	$108.0M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.305%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0480%	1h	312.01	+0.099%	$310K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.31	+0.196%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0493%	1h	311.84	+0.046%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0608%	1h	312.60	+0.288%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.54	−0.051%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.10	+0.130%	$442K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	+0.122%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.594%	$23K	$2K	12x	as long as short