TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0492%/8h= −53.8% APRnext payment −$0.61 per $10,000 · paid last 24h −0.083%

Price spread now: Bullet against 01 Exchange−0.527%50s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bullet

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 −$15 a day on $10k at the current rate, and Bullet is 0.527% cheaper against 01 Exchange than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	324.51	0.0768	pay 0.0096% / 1h	26m 34s	$3K	$4K	5x
Short	Bullet TAO-USD	322.80	0.0276	get 0.0035% / 1h	26m 34s	$12K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.527%Rate

Funding earned: −$103.27
Price spread: −0.527% → 0.000%: −$52.69
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$170.96
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bullet: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bullet no order-book sample	—	—	—	—	—

01 Exchange and Bullet: 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-USD	−0.5583%	1h	316.49	−2.471%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.00	−0.465%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.43	−0.641%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.09	−0.129%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	324.04	−0.144%	$94.7M	$479.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.90	−0.188%	$26.7M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	−0.404%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.47	−0.320%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.35	−0.357%	$18.1M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.53	−0.302%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	323.11	−0.433%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.84	−0.206%	$87K	$792K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.61	−0.585%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.86	−0.508%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.00	−0.465%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	322.96	−0.477%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	322.75	−0.542%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	323.99	−0.160%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	322.37	−0.660%	$447K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.76	−0.541%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	−0.456%	$536K	$964K	10x	as long as short
Bullet TAO-USDshort	+0.0276%	1h	322.80	−0.527%	$12K	$18K	20x
Paradex TAO-USD-PERP	+0.0302%	8h	323.59	−0.284%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.71	−0.247%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.47	−0.320%	$1.1M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0429%	1h	322.73	−0.547%	$21K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	323.52	−0.304%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.30	−0.065%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.29	−0.068%	$101K	$487K	5x	as long as short
Bybit TAOUSDT	+0.0546%	4h	324.23	−0.086%	$71.0M	$143.7M	50x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.78	−0.225%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0575%	1h	323.90	−0.189%	$793K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.67	−0.260%	$372	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	−0.213%	$48K	$253K	50x	as long as short
01 Exchange TAOUSDlong	+0.0768%	1h	324.51	long leg	$3K	$4K	5x
Extended TAO-USD	+0.0840%	1h	323.85	−0.205%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	−0.204%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.78	−0.224%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	−0.040%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.48	−0.317%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.16	−0.107%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1252%	1h	324.06	−0.139%	$102.0M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.351%	$24K	$2K	12x	as long as short