TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.3892%/8h= +426.2% APRnext payment +$4.87 per $10,000 · paid last 24h +0.608%

Price spread now: Injective against Deribit+1.143%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.572%+$357 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 +$117 a day on $10k at the current rate, and Injective is 1.143% dearer against Deribit than usual: you sell high and buy low: +$114 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	315.25	0.0330	pay 0.0041% / 1h	16m 34s	$26K	$1.7M	25x
Short	Injective TAO/USDC PERP	318.85	0.4222	get 0.0528% / 1h	16m 34s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.143%Rate

Funding earned: $817.37
Price spread: +1.143% → 0.000%: $114.3
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $924.65
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: live order book, 2 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 Deribit live order book, 2 min ago	3.17 bp	6.7 bp −$7	12.5 bp −$125	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
dYdX TAO-USD	0.0000%	1h	314.82	−0.135%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.02	−0.072%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.16	−0.028%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.05	−0.062%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.90	−0.110%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.05	−0.062%	$91.0M	$494.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.09	−0.050%	$67.9M	$148.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.110%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.142%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.00	−0.078%	$110.8M	$144.1M	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	315.16	−0.028%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.74	−0.161%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.96	−0.091%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.17	−0.025%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.17	−0.024%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.00	−0.078%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.92	−0.104%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.24	−0.002%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.95	−0.094%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.82	−0.135%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.07	−0.056%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.30	+0.015%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.16	−0.028%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0127%	1h	314.99	−0.082%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	315.06	−0.060%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0185%	4h	315.35	+0.031%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.91	−0.106%	$922K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0204%	1h	315.03	−0.067%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0267%	1h	315.41	+0.052%	$92.8M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.15	−0.031%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0330%	1h	315.25	long leg	$26K	$1.7M	25x
BloFin TAO-USDT	+0.0340%	4h	315.30	+0.017%	$4.6M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.49	+0.078%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.34	+0.030%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.51	+0.083%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.19	−0.017%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	+0.013%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.049%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.03	−0.069%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.288%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.07	−0.054%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.277%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERPshort	+0.4222%	1h	318.85	+1.143%	$23K	$2K	12x