data as of
Settings8H · net · $10k
Funding arb /

TAO

all TAO markets
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Funding spread now, next payment 17:00 UTC+0.3316%/8h
next payment, per $10,000+$4.15paid, last 24h+0.438%paid, last 7 days+3.123%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO281.800.0476pay 0.0060% / 1h7m 36s$299K$159K5x
ShortInjective TAO/USDC PERP287.210.3793get 0.0474% / 1h7m 36s$21K$59K12x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$696.43
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$689.41
Break-even
0.1 days
Slippage unknown: Phoenix: live order book, 30 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+1.920%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 30 min ago3.53 bp10.2 bp −$1020.7 bp −$207doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX TAO-USD+0.0003%1h$72K$35K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h$9K150xas long as short
Kraken Futures PF_TAOUSD+0.0013%1h$5.1M$13.8M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0025%1h$38K$937K25xas long as short
Popdex TAOUSDT+0.0096%1h$51K$440K20xas long as short
Katana Perps TAO-USD+0.0099%8h$3K$313K5xas long as short
Aster TAOUSDT+0.0100%4h$1.6M$4.8M50xas long as short
Pacifica TAO+0.0100%1h$323K$371K10xas long as short
Binance TAOUSDT+0.0100%4h$76.8M$320.3M75xas long as short
Bybit TAOUSDT+0.0100%4h$49.4M$83.9M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX TAO-USDT-SWAP+0.0100%8h$22.2M$65.9M50xas long as short
Arcus TAO-USD+0.0100%1h$118K$571K5xas long as short
Bulk TAO-USD+0.0100%1h$148K$010xas long as short
Gate TAO_USDT+0.0100%4h$11.0M$43.8M50xas long as short
MEXC TAO_USDT+0.0100%4h$96.4M$104.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$16.6M$19.7M75xas long as short
Bitget TAOUSDT+0.0100%4h$31.7M$35.9M50xas long as short
BingX TAO-USDT+0.0100%4h$28.3Mas long as short
Backpack TAO_USDC_PERP+0.0100%1h$317K$461K10xas long as short
Variational Omni TAO+0.0100%4h$3.1M$4.8Mas long as short
edgeX TAOUSDC+0.0100%4h$36K$270K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$42K$264K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$79K$697K5xas long as short
Bullet TAO-USD+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$51K$171K10xas long as short
SunX TAO-USDT+0.0100%4h$1K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h$116K$318K20xas long as short
Phemex TAOUSDT+0.0100%4h$3.0M$7.3M50xas long as short
Extended TAO-USD+0.0104%1h$754K$1.3M25xas long as short
Aevo TAO-PERP+0.0104%1h$155K$9983xas long as short
Paradex TAO-USD-PERP+0.0105%8h$13K$37610xas long as short
Nado TAO-PERP+0.0146%1h$1.0M$1.2M10xas long as short
Lighter TAO+0.0224%1h$1.3M$2.1M5xas long as short
BloFin TAO-USDT+0.0340%4h$4.0M$6.4M100xas long as short
01 Exchange TAOUSD+0.0352%1h$3K$4K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0474% / S −0.0173%1h$455K100xas long as short
Phoenix TAOlong+0.0476%1h$299K$159K5x
RISEx TAO/USDC+0.0673%1h$313K$431K5xas long as short
Reya TAORUSDPERP+0.0693%1h$32220xas long as short
Hyperliquid TAO+0.0732%1h$77.7M$52.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0936%1h$1.4M$3.7M50xas long as short
Injective TAO/USDC PERPshort+0.3793%1h$21K$59K12x