TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0335%/8h= −36.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.023%

Price spread now: gTrade (Gains Network) against Deribit−0.037%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on gTrade (Gains Network)

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 −$10 a day on $10k at the current rate, and gTrade (Gains Network) is 0.037% cheaper against Deribit than usual: you would sell low and buy high (−$4 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	Deribit TAO_USDC-PERPETUAL	314.23	0.0339	pay 0.0042% / 1h	17m 23s	$22K	$1.5M	25x
Short	gTrade (Gains Network) TAO/USD	314.12	L +0.0004% / S −0.0004%	get 0.0001% / 1h	17m 23s	$10K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Deribit. 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 DeribitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.037%Rate

Funding earned: −$70.25
Price spread: −0.037% → 0.000%: −$3.73
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$90.98
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; gTrade (Gains Network): 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 Deribit live order book, 2 min ago	3.96 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 42 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
dYdX TAO-USD	0.0000%	1h	315.05	+0.259%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	314.12	−0.037%	$10K	—	150x
Popdex TAOUSDT	+0.0096%	1h	315.02	+0.251%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.58	+0.111%	$90.3M	$467.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	+0.053%	$26.0M	$112.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	+0.022%	$12.8M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.56	+0.104%	$111.3M	$139.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.62	+0.123%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.06	−0.055%	$35.0M	$53.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.93	+0.222%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.80	+0.181%	$47K	$253K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.32	+0.028%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.38	+0.047%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.22	+0.314%	$129K	$473K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.47	+0.076%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.87	+0.205%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	314.97	+0.235%	$2K	$712K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	314.91	+0.216%	$79K	$682K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.39	+0.051%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	314.14	−0.030%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0176%	4h	315.62	+0.442%	$520K	$954K	10x	as long as short
Bullet TAO-USD	+0.0248%	1h	314.61	+0.120%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0259%	4h	314.89	+0.211%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.42	+0.378%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.40	+0.372%	$99K	$529K	5x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0339%	1h	314.23	long leg	$22K	$1.5M	25x
Paradex TAO-USD-PERP	+0.0364%	8h	315.55	+0.418%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.412%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0532%	1h	314.68	+0.143%	$785K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.00	+0.563%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.27	+0.330%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.45	+0.069%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0800%	4h	314.51	+0.088%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0824%	4h	314.63	+0.127%	$66.1M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	+0.476%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0928%	1h	314.31	+0.025%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.64	+0.448%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	314.96	+0.232%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.06	+0.264%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1336%	1h	315.05	+0.260%	$100.1M	$95.2M	5x	as long as short
Lighter TAO	+0.1432%	1h	315.03	+0.254%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−1.683%	$164K	$40K	10x	as long as short