TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.2749%/8h= −301.0% APRnext payment −$3.44 per $10,000 · paid last 24h −0.430%

Price spread now: Bulk against 01 Exchange+0.109%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Bulk is 0.109% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$82 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	320.52	0.0648	pay 0.0081% / 1h	46m 51s	$3K	$4K	5x
Short	Bulk TAO-USD	320.87	−0.2101	pay 0.0263% / 1h	46m 51s	$170K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against 01 Exchange. 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 01 ExchangebpFee BulkbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$577.24
Price spread: +0.109% → 0.000%: $10.92
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$580.32
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bulk: live order book, 62 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bulk live order book, 62 min ago	0.32 bp	4.0 bp −$4	4.4 bp −$44	4.5 bp −$445	12.3 bp −$6,155

01 Exchange: 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-USDshort	−0.2101%	1h	320.87	+0.109%	$170K	$333	10x
dYdX TAO-USD	0.0000%	1h	319.84	−0.213%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.72	−0.251%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.19	−0.103%	$41K	$694K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	−0.318%	$26.5M	$128.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.90	−0.505%	$14.1M	$51.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.35	−0.365%	$17.5M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.07	−0.452%	$35.9M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.69	+0.053%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.90	−0.193%	$76K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.62	−0.281%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.91	−0.190%	$117K	$587K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.93	−0.184%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.34	−0.056%	$1K	$992K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.03	−0.151%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	319.84	−0.212%	$53K	$293K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0122% / S +0.0155%	1h	319.66	−0.269%	$432K	—	100x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.71	+0.060%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	319.35	−0.365%	$104.7M	$149.5M	300x	as long as short
Binance TAOUSDT	+0.0152%	4h	319.32	−0.374%	$92.5M	$526.5M	75x	as long as short
Paradex TAO-USD-PERP	+0.0262%	8h	320.07	−0.141%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0306%	4h	319.37	−0.359%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0373%	1h	320.05	−0.147%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0386%	4h	319.30	−0.381%	—	$34.4M	—	as long as short
Bybit TAOUSDT	+0.0389%	4h	319.41	−0.346%	$69.7M	$155.7M	50x	as long as short
BloFin TAO-USDT	+0.0392%	4h	319.76	−0.237%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0424%	4h	322.11	+0.495%	$548K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.45	−0.334%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.28	−0.074%	$365K	$423K	10x	as long as short
Variational Omni TAO	+0.0536%	4h	321.98	+0.455%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.70	+0.368%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0568%	1h	319.83	−0.214%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0608%	1h	319.54	−0.306%	$317K	$899K	10x	as long as short
Nado TAO-PERP	+0.0636%	1h	320.86	+0.105%	$802K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.47	−0.016%	$103K	$394K	5x	as long as short
01 Exchange TAOUSDlong	+0.0648%	1h	320.52	long leg	$3K	$4K	5x
Hyperliquid TAO	+0.0660%	1h	319.60	−0.287%	$94.4M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.97	−0.171%	$368	—	20x	as long as short
Lighter TAO	+0.0872%	1h	320.11	−0.128%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.95	+0.758%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.25	−0.086%	$461K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1153%	1h	320.03	−0.152%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.412%	$24K	$2K	12x	as long as short