Funding you earn now, next payment 08:00 UTC+0.0310%/8h= +33.9% APRnext payment +$0.39 per $10,000 · paid last 24h +0.066%
Price spread now: Nado against ApeX Omni+0.476%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$13as in the Price arb table
costs, in and out, $10k−$370.368% of the position
Funding, last 4 days (all we have)+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−0.842%−$84 · spread now +0.476%, 7d avg −0.021%
=Together, before fees−0.760%+ Points / potential airdropNado: Active · farm board−$76 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Nado is 0.497% dearer against ApeX Omni than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of −0.021%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.082% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 per $10,000. 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 | ApeX Omni TAOUSDT | 317.66 | 0.0100 | pay 0.0013% / 1h | 51m 39s | $46K | $260K | 50x |
| Short | Nado TAO-PERP | 319.17 | 0.0410 | get 0.0051% / 1h | 51m 39s | $791K | $2.0M | 10x |
ApeX Omni TAOUSDT
Nado TAO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $65.01
- Price spread: +0.476% → −0.021%
- $49.71
- Slippage, 4 orders
- −$19.77
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $77.95
- Costs to cover
- 0.368%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 50 min ago; Nado: live order book, 2 min ago.
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 ApeX Omni live order book, 50 min ago | 4.38 bp | 11.4 bp −$11 | 119.4 bp −$1,194 | doesn't fit | doesn't fit |
| Sell Nado live order book, 2 min ago | 1.89 bp | 5.7 bp −$6 | 14.8 bp −$148 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 318.22 | +0.177% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0067% | 1h | 318.50 | +0.264% | $127K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.23 | +0.494% | $44K | $707K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.90 | +0.390% | $26.6M | $130.6M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 317.85 | +0.059% | $169K | $333 | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.70 | +0.327% | $14.4M | $50.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.94 | +0.403% | $17.9M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.73 | +0.337% | $35.8M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 317.66 | long leg | $46K | $260K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.38 | +0.227% | $84K | $1.2M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.39 | +0.230% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.76 | +0.031% | $116K | $603K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0107% | 8h | 318.95 | +0.406% | $6K | $1.1M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0110% / S +0.0157% | 1h | 318.23 | +0.180% | $424K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 318.63 | +0.307% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0139% | 4h | 318.46 | +0.252% | $53K | $293K | 10x | as long as short |
| edgeX TAOUSDC | +0.0161% | 4h | 317.66 | 0.000% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0166% | 4h | 318.91 | +0.394% | $108.0M | $150.5M | 300x | as long as short |
| Binance TAOUSDT | +0.0168% | 4h | 319.17 | +0.475% | $92.7M | $529.2M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 318.92 | +0.397% | $14K | $1K | 10x | as long as short |
| BingX TAO-USDT | +0.0248% | 4h | 318.94 | +0.403% | — | $37.0M | — | as long as short |
| Bybit TAOUSDT | +0.0252% | 4h | 319.24 | +0.497% | $69.9M | $156.3M | 50x | as long as short |
| Pacifica TAO | +0.0313% | 1h | 318.94 | +0.404% | $362K | $427K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0316% | 4h | 317.65 | −0.002% | $542K | $926K | 10x | as long as short |
| Extended TAO-USD | +0.0328% | 1h | 318.84 | +0.372% | $904K | $2.4M | 25x | as long as short |
| Aster TAOUSDT | +0.0329% | 4h | 319.13 | +0.464% | $1.3M | $11.0M | 50x | as long as short |
| Bullet TAO-USD | +0.0338% | 1h | 318.64 | +0.307% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0406% | 4h | 317.78 | +0.038% | $4.7M | $11.0M | 100x | as long as short |
| Nado TAO-PERPshort | +0.0410% | 1h | 319.17 | +0.476% | $791K | $2.0M | 10x | |
| Lighter TAO | +0.0456% | 1h | 319.02 | +0.428% | $1.6M | $6.8M | 5x | as long as short |
| Arcus TAO-USD | +0.0473% | 1h | 319.12 | +0.460% | $103K | $389K | 5x | as long as short |
| Variational Omni TAO | +0.0498% | 4h | 316.92 | −0.234% | $5.6M | $10.3M | — | as long as short |
| Phemex TAOUSDT | +0.0561% | 4h | 318.35 | +0.217% | $3.2M | $8.2M | 50x | as long as short |
| Phoenix TAO | +0.0629% | 1h | 318.20 | +0.170% | $317K | $703K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0669% | 1h | 318.48 | +0.257% | $15K | $2.0M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 318.49 | +0.261% | $366 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0704% | 1h | 318.70 | +0.327% | $297K | $905K | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0712% | 1h | 319.56 | +0.598% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0751% | 1h | 319.21 | +0.488% | $94.4M | $110.0M | 5x | as long as short |
| RISEx TAO/USDC | +0.0831% | 1h | 318.86 | +0.377% | $442K | $679K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0832% | 1h | 318.63 | +0.305% | $6.0M | $21.7M | 50x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.84 | +0.371% | $1.5M | $6.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4513% | 1h | 320.67 | +0.948% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
BingX TAO-USDT
Bybit TAOUSDT
Pacifica TAO
GRVT TAO_USDT_Perp
Extended TAO-USD
Aster TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
Lighter TAO
Arcus TAO-USD
Variational Omni TAO
Phemex TAOUSDT
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP