TAO

Alert

Funding spread now, next payment 18:00 UTC−0.0356%/8h

paid, last 24h−0.090%paid, last 7 days−0.170%to open and close $10k−$48

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment. 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	283.30	0.0456	pay 0.0057% / 1h	49m 17s	$301K	$160K	5x
Short	OKX TAO-USDT-SWAP	283.60	0.0100	get 0.0100% / 8h	5h 49m	$22.3M	$67.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee OKXbpOrdersRate

Funding earned: −$74.83
Slippage, 4 orders: −$30.79
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.62
Break-even: never at this rate

Slippage from Phoenix: live order book, 48 min ago; OKX: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.106%
Avg gap 7d: −0.178%

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, 48 min ago	3.53 bp	10.2 bp −$10	20.7 bp −$207	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.77 bp	8.3 bp −$8	19.3 bp −$193	113.0 bp −$11.3K	doesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_TAOUSD	−0.0382%	1h	$5.1M	$13.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	$72K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0014%	1h	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0078%	1h	$33K	$956K	25x	as long as short
Lighter TAO	+0.0096%	1h	$1.3M	$2.1M	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$40K	$454K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$1K	$310K	5x	as long as short
Nado TAO-PERP	+0.0100%	1h	$993K	$1.2M	10x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.8M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$328K	$373K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TAOUSDT	+0.0100%	4h	$76.4M	$322.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$49.1M	$84.5M	50x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	$22.3M	$67.3M	50x
Arcus TAO-USD	+0.0100%	1h	$118K	$573K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	$149K	$2K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.1M	$43.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$100.6M	$102.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$16.7M	$19.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	$32.0M	$35.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.9M	—	as long as short
Variational Omni TAO	+0.0100%	4h	$2.9M	$5.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$37K	$271K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$80K	$611K	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	$55K	$197K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$115K	$323K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.4M	50x	as long as short
Paradex TAO-USD-PERP	+0.0103%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$757K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$156K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0196%	1h	$42K	$266K	50x	as long as short
01 Exchange TAOUSD	+0.0296%	1h	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$3.9M	$7.0M	100x	as long as short
Hyperliquid TAO	+0.0435%	1h	$77.9M	$53.6M	5x	as long as short
Phoenix TAOlong	+0.0456%	1h	$301K	$160K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0477% / S −0.0198%	1h	$432K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0538%	1h	$396K	$502K	10x	as long as short
RISEx TAO/USDC	+0.0633%	1h	$315K	$431K	5x	as long as short
Reya TAORUSDPERP	+0.0693%	1h	$326	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0896%	1h	$1.4M	$3.8M	50x	as long as short
Injective TAO/USDC PERP	+0.3836%	1h	$20K	$59K	12x	as long as short