TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0908%/8h= −99.4% APRnext payment −$1.14 per $10,000 · paid last 24h −0.208%

Price spread now: Bullet against Coinbase International−0.630%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 −$27 a day on $10k at the current rate, and Bullet is 0.630% cheaper against Coinbase International than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	305.27	0.1008	pay 0.0126% / 1h	46m 42s	$1.5M	$5.6M	50x
Short	Bullet TAO-USD	303.35	0.0100	get 0.0013% / 1h	46m 42s	$11K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Coinbase International. 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 Coinbase InternationalbpFee BulletbpOrdersPrice spread, now −0.630%Rate

Funding earned: −$190.68
Price spread: −0.630% → 0.000%: −$63.04
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$271.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; 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 Coinbase International live order book, 2 min ago	6.40 bp	14.2 bp −$14	19.5 bp −$195	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

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	−0.0466%	1h	307.38	+0.691%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.37	−0.622%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.10	−0.711%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.94	−0.436%	$43K	$534K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.95	−0.433%	$85.3M	$409.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.80	−0.482%	$58.9M	$120.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.60	−0.547%	$24.4M	$94.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.87	−0.459%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.50	−0.580%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.66	−0.527%	$120.8M	$124.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.27	−0.655%	$18.2M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.53	−0.570%	$34.0M	$45.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.62	−0.541%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.07	−0.066%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.88	−0.127%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.81	−0.151%	$504K	$977K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.70	−0.514%	$77K	$607K	5x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	303.35	−0.630%	$11K	$18K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	303.39	−0.616%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.44	−0.599%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.89	−0.452%	$120K	$356K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.44	−0.599%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.51	−0.576%	$167K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0106%	1h	303.70	−0.514%	$46K	$269K	50x	as long as short
Aster TAOUSDT	+0.0108%	4h	303.39	−0.617%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.03	−0.406%	$2K	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	303.62	−0.540%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.43	−0.604%	$358K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.15	−0.694%	$433K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0242%	1h	303.43	−0.604%	$22K	$1.4M	25x	as long as short
Lighter TAO	+0.0328%	1h	303.49	−0.585%	$1.6M	$5.2M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.45	−0.596%	$4.3M	$9.3M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0380%	1h	303.52	−0.573%	$376K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.21	−0.347%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0456%	1h	303.54	−0.566%	$826K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	−0.449%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.45	−0.597%	$349	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.57	−0.558%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.1008%	1h	305.27	long leg	$1.5M	$5.6M	50x
Kraken Futures PF_TAOUSD	+0.1042%	1h	303.26	−0.658%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.30	−0.317%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1306%	1h	303.77	−0.491%	$93.1M	$79.5M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.133%	$22K	$264	12x	as long as short