TAO

Alert

After costs, if the gap returns to its 7d average, $10k−$45

spread now−0.175%7d average+0.089%fees + slippage, in and out−$19spread needed0.191%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	286.52	−0.0079	get 0.0010% / 1h	31m 29s	$150K	$3K	10x
Short	Lighter TAO	286.02	0.0248	get 0.0031% / 1h	31m 29s	$1.3M	$1.6M	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Position, each leg$Hold forhoursFee BulkbpFee LighterbpOrdersClose when spread is

Spread captured: −$17.45
Funding while held: $9.81
Slippage, 4 orders: −$12.1
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.75
Spread needed to break even: 0.191%

Slippage from Bulk: live order book, 29 min ago; Lighter: live order book, 2 min ago.

Cost of waiting

funding view

Funding /8h: +0.0327%
Per $10,000 a day: +$9.81
Average in range /8h: —

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 Bulk live order book, 29 min ago	0.17 bp	3.8 bp −$4	6.1 bp −$61	16.1 bp −$1,611	doesn't fit
Sell Lighter live order book, 2 min ago	2.33 bp	5.7 bp −$6	14.9 bp −$149	doesn't fit	doesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.

Gate285.00cheapest gTrade (Gains Network)285.09+0.031%OKX285.10+0.035%Orderly285.13+0.046%BloFin285.17+0.060%BingX285.20+0.070%Binance285.20+0.071%Bitget285.21+0.074%edgeX285.27+0.093%Bybit285.30+0.105%KuCoin285.30+0.105%Bullet285.32+0.112%Reya285.32+0.113%Phemex285.34+0.119%MEXC285.37+0.130%SunX285.37+0.130%Aevo285.37+0.130%Nado285.39+0.136%Popdex285.43+0.151%ApeX Omni285.43+0.151%Kraken Futures285.44+0.155%Backpack285.52+0.182%HTX285.53+0.186%Katana Perps285.54+0.189%Paradex285.55+0.192%Polymarket Perps285.56+0.196%Extended285.57+0.199%Phoenix285.60+0.211%Deribit285.63+0.220%dYdX285.64+0.226%GMX285.66+0.233%Aster285.67+0.236%RISEx285.69+0.240%01 Exchange285.80+0.281%Pacifica285.84+0.295%Arcus285.92+0.323%Hyperliquid285.93+0.326%

Lighter286.02+0.358%

Variational Omni286.49+0.521%

Bulk286.52+0.533%

Coinbase International286.88+0.660%Injective288.14+1.102%

TAO on 42 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TAO_USDT	−0.531%	+0.0050%	4h	$11.2M	$43.3M	50x	as long as short
gTrade (Gains Network) TAO/USD	−0.500%	L +0.0004% / S −0.0011%	1h	$17K	—	150x	as long as short
OKX TAO-USDT-SWAP	−0.496%	+0.0100%	8h	$23.2M	$63.1M	50x	as long as short
Orderly PERP_TAO_USDC	−0.485%	+0.0100%	4h	$51K	$145K	10x	as long as short
BloFin TAO-USDT	−0.471%	+0.0340%	4h	$4.1M	$6.7M	100x	as long as short
BingX TAO-USDT	−0.461%	+0.0100%	4h	—	$27.5M	—	as long as short
Binance TAOUSDT	−0.459%	+0.0100%	4h	$81.6M	$296.7M	75x	as long as short
Bitget TAOUSDT	−0.457%	+0.0100%	4h	$32.2M	$33.0M	50x	as long as short
edgeX TAOUSDC	−0.438%	+0.0100%	4h	$32K	$284K	10x	as long as short
Bybit TAOUSDT	−0.426%	+0.0100%	4h	$51.6M	$76.7M	50x	as long as short

Show all 42 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	−0.426%	+0.0100%	4h	$16.9M	$17.1M	75x	as long as short
Bullet TAO-USD	−0.419%	+0.0100%	1h	$11K	$18K	20x	as long as short
Reya TAORUSDPERP	−0.419%	+0.0691%	1h	$328	—	20x	as long as short
Phemex TAOUSDT	−0.412%	+0.0100%	4h	$3.0M	$7.7M	50x	as long as short
MEXC TAO_USDT	−0.401%	+0.0100%	4h	$115.1M	$88.9M	300x	as long as short
SunX TAO-USDT	−0.401%	+0.0100%	4h	$2K	$1.5M	20x	as long as short
Aevo TAO-PERP	−0.401%	+0.0104%	1h	$158K	—	3x	as long as short
Nado TAO-PERP	−0.395%	+0.0336%	1h	$1.1M	$1.1M	10x	as long as short
Popdex TAOUSDT	−0.380%	+0.0096%	1h	$37K	$440K	20x	as long as short
ApeX Omni TAOUSDT	−0.380%	+0.0100%	1h	$45K	$264K	50x	as long as short
Kraken Futures PF_TAOUSD	−0.376%	+0.0468%	1h	$5.3M	$12.4M	50x	as long as short
Backpack TAO_USDC_PERP	−0.349%	+0.0100%	1h	$287K	$264K	10x	as long as short
HTX TAO-USDT	−0.346%	+0.0100%	4h	$119K	$289K	20x	as long as short
Katana Perps TAO-USD	−0.342%	+0.0100%	8h	$2K	$241K	5x	as long as short
Paradex TAO-USD-PERP	−0.339%	+0.0102%	8h	$13K	$376	10x	as long as short
Polymarket Perps TAO-USD	−0.335%	+0.0100%	1h	$74K	$1.2M	5x	as long as short
Extended TAO-USD	−0.333%	+0.0104%	1h	$749K	$1.0M	25x	as long as short
Phoenix TAO	−0.321%	+0.0417%	1h	$317K	$134K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	−0.311%	+0.0045%	1h	$15K	$859K	25x	as long as short
dYdX TAO-USD	−0.306%	+0.0035%	1h	$74K	$54K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	−0.299%	L +0.0474% / S −0.0193%	1h	$427K	—	100x	as long as short
Aster TAOUSDT	−0.296%	+0.0519%	4h	$2.1M	$3.8M	50x	as long as short
RISEx TAO/USDC	−0.291%	+0.0523%	1h	$316K	$386K	5x	as long as short
01 Exchange TAOUSD	−0.251%	+0.0296%	1h	$5K	$4K	5x	as long as short
Pacifica TAO	−0.237%	+0.0100%	1h	$344K	$349K	10x	as long as short
Arcus TAO-USD	−0.209%	+0.0100%	1h	$134K	$538K	5x	as long as short
Hyperliquid TAO	−0.206%	+0.0729%	1h	$76.9M	$44.8M	5x	as long as short
Lighter TAOshort	−0.175%	+0.0248%	1h	$1.3M	$1.6M	5x
Variational Omni TAO	−0.012%	+0.0100%	4h	$3.4M	$4.2M	—	as long as short
Bulk TAO-USDlong	0.000%	−0.0079%	1h	$150K	$3K	10x
Coinbase International TAO-PERP-INTX	+0.126%	+0.1008%	1h	$1.5M	$4.2M	50x	as long as short
Injective TAO/USDC PERP	+0.565%	+0.1683%	1h	$21K	$163K	12x	as long as short