Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0485%/8h= −53.1% APRnext payment $0.61 per $10,000 · paid last 24h −0.020%
Price spread now: Nado against 01 Exchange−0.178%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Nado is 0.178% cheaper against 01 Exchange than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD313.490.0760pay 0.0095% / 1h26m 21s$3K$4K5x
ShortNado TAO-PERP312.930.0275get 0.0034% / 1h26m 21s$771K$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
−$101.83
Price spread: −0.178% → 0.000%
−$17.78
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$133.61
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Nado: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Nado live order book, 2 min ago0.64 bp6.5 bp −$616.2 bp −$162doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.54−0.304%$20K150xas long as short
dYdX TAO-USD+0.0046%1h312.85−0.204%$125K$85K5xas long as short
Binance TAOUSDT+0.0100%4h312.87−0.198%$89.8M$508.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.80−0.220%$26.2M$121.9M50xas long as short
Bulk TAO-USD+0.0100%1h313.47−0.006%$167K$33310xas long as short
Gate TAO_USDT+0.0100%4h312.60−0.284%$13.9M$51.0M50xas long as short
MEXC TAO_USDT+0.0100%4h313.05−0.140%$107.3M$145.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.93−0.179%$17.3M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h312.63−0.274%$35.2M$57.0M50xas long as short
edgeX TAOUSDC+0.0100%4h314.21+0.231%$42K$314K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h312.86−0.201%$89K$920K5xas long as short
SunX TAO-USDT+0.0100%4h312.70−0.252%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.24−0.399%$113K$554K20xas long as short
Katana Perps TAO-USD+0.0103%8h313.03−0.147%$641$923K5xas long as short
Aevo TAO-PERP+0.0104%1h312.96−0.169%$172K$9983xas long as short
Orderly PERP_TAO_USDC+0.0121%4h312.76−0.233%$52K$290K10xas long as short
Popdex TAOUSDT+0.0128%1h313.09−0.128%$51K$668K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0129% / S +0.0140%1h312.56−0.298%$419K100xas long as short
Phemex TAOUSDT+0.0201%4h312.75−0.236%$3.1M$8.0M50xas long as short
Aster TAOUSDT+0.0207%4h313.08−0.131%$1.3M$10.6M50xas long as short
Pacifica TAO+0.0233%1h313.05−0.140%$356K$419K10xas long as short
Paradex TAO-USD-PERP+0.0267%8h312.97−0.166%$14K$1K10xas long as short
Nado TAO-PERPshort+0.0275%1h312.93−0.178%$771K$2.2M10x
Kraken Futures PF_TAOUSD+0.0304%1h313.05−0.140%$5.9M$21.4M50xas long as short
Bullet TAO-USD+0.0323%1h312.97−0.166%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h313.29−0.064%$4.6M$10.9M100xas long as short
GRVT TAO_USDT_Perp+0.0348%4h314.02+0.168%$533K$923K10xas long as short
ApeX Omni TAOUSDT+0.0400%1h314.32+0.265%$44K$256K50xas long as short
Bybit TAOUSDT+0.0420%4h312.86−0.201%$68.0M$152.4M50xas long as short
BingX TAO-USDT+0.0430%4h312.91−0.185%$33.7Mas long as short
Variational Omni TAO+0.0449%4h314.04+0.174%$5.5M$10.1Mas long as short
Extended TAO-USD+0.0472%1h312.78−0.227%$896K$2.4M25xas long as short
Arcus TAO-USD+0.0483%1h313.39−0.032%$101K$345K5xas long as short
Phoenix TAO+0.0513%1h314.20+0.226%$313K$713K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0592%1h312.77−0.229%$15K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h313.03−0.147%$36020xas long as short
01 Exchange TAOUSDlong+0.0760%1h313.49long leg$3K$4K5x
Lighter TAO+0.0768%1h313.13−0.114%$1.5M$6.6M5xas long as short
Hyperliquid TAO+0.0800%1h313.20−0.093%$91.5M$109.0M5xas long as short
Backpack TAO_USDC_PERP+0.0812%1h313.26−0.073%$311K$890K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h313.93+0.140%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.0948%1h313.15−0.108%$454K$649K5xas long as short
Injective TAO/USDC PERP+0.3711%1h319.48+1.911%$23K$2K12xas long as short