TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2568%/8h= +281.2% APRnext payment +$3.21 per $10,000 · paid last 24h +0.523%

Price spread now: Injective against Coinbase International+1.415%64s7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+2.975%+$297 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$77 a day on $10k at the current rate, and Injective is 1.415% dearer against Coinbase International than usual: you sell high and buy low: +$141 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 64 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	Coinbase International TAO-PERP-INTX	313.79	0.0944	pay 0.0118% / 1h	27m 51s	$1.1M	$7.2M	50x
Short	Injective TAO/USDC PERP	318.23	0.3512	get 0.0439% / 1h	27m 51s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.415%Rate

Funding earned: $539.31
Price spread: +1.415% → 0.000%: $141.5
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $670.78
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 1 min ago; Injective: 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, 1 min ago	7.34 bp	12.6 bp −$13	15.5 bp −$155	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.11	−0.217%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.14	−0.207%	$49K	$698K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.87	+0.025%	$68.5M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	+0.003%	$26.1M	$128.9M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	+0.430%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	−0.092%	$14.9M	$49.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.57	−0.070%	$17.4M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.60	−0.061%	$35.3M	$57.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	−0.410%	$535K	$833K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.73	−0.338%	$45K	$255K	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.20	−0.188%	$86K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.95	−0.268%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.20	−0.188%	$115K	$588K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.47	−0.102%	$3.1M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	312.92	−0.277%	$2K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	313.14	−0.208%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0128%	4h	313.91	+0.038%	$105.6M	$152.5M	300x	as long as short
Binance TAOUSDT	+0.0131%	4h	313.92	+0.042%	$91.7M	$525.7M	75x	as long as short
BingX TAO-USDT	+0.0136%	4h	313.83	+0.013%	—	$38.7M	—	as long as short
edgeX TAOUSDC	+0.0140%	4h	312.92	−0.279%	$41K	$322K	10x	as long as short
dYdX TAO-USD	+0.0193%	1h	312.95	−0.269%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0217%	4h	313.73	−0.019%	$53K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	313.30	−0.155%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0245%	1h	313.60	−0.061%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0296%	4h	313.75	−0.013%	$1.2M	$11.2M	50x	as long as short
Extended TAO-USD	+0.0344%	1h	313.80	+0.005%	$887K	$2.3M	25x	as long as short
Pacifica TAO	+0.0349%	1h	313.22	−0.181%	$361K	$445K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	313.12	−0.214%	$368K	—	100x	as long as short
BloFin TAO-USDT	+0.0368%	4h	313.54	−0.080%	$4.8M	$10.7M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	313.43	−0.115%	$99K	$362K	5x	as long as short
Hyperliquid TAO	+0.0476%	1h	313.68	−0.035%	$92.0M	$109.3M	5x	as long as short
Nado TAO-PERP	+0.0492%	1h	313.28	−0.163%	$759K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	313.60	−0.061%	$315K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	313.30	−0.156%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0593%	4h	312.65	−0.362%	$5.5M	$10.1M	—	as long as short
Lighter TAO	+0.0632%	1h	313.77	−0.006%	$1.6M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0673%	1h	313.74	−0.016%	$309K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	313.49	−0.096%	$361	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0712%	1h	313.76	−0.010%	$11K	$1.9M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0794%	1h	313.56	−0.072%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	313.04	−0.240%	$441K	$689K	5x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0944%	1h	313.79	long leg	$1.1M	$7.2M	50x
Injective TAO/USDC PERPshort	+0.3512%	1h	318.23	+1.415%	$23K	$2K	12x