TAO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.070%

7d average+0.053%if it closes, per $10,000$7funding while held, a day+$4.05

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	284.79	0.0017	pay 0.0002% / 1h	55m 05s	$42K	$934K	25x
Short	Lighter TAO	284.99	0.0152	get 0.0019% / 1h	55m 05s	$1.3M	$2.1M	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 DeribitbpFee LighterbpOrdersClose when spread is

Spread captured: $7
Funding while held: $4.05
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.05
Spread needed to break even: 0.070%

Slippage unknown: Deribit: live order book, 50 min ago; Lighter: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0135%
Per $10,000 a day: +$4.05
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 Deribit live order book, 50 min ago	11.67 bp	29.4 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.62 bp	4.9 bp −$5	13.4 bp −$134	doesn't fit	doesn't fit

TAO price on every exchange

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

Gate284.50cheapest Katana Perps284.51+0.004%Bitget284.53+0.011%Popdex284.55+0.018%SunX284.55+0.018%Reya284.57+0.024%KuCoin284.57+0.025%HTX284.59+0.032%Paradex284.59+0.033%GMX284.60+0.037%Extended284.61+0.037%gTrade (Gains Network)284.63+0.045%Bullet284.63+0.046%Bulk284.65+0.054%BingX284.66+0.056%Polymarket Perps284.66+0.056%Binance284.70+0.070%OKX284.70+0.070%Aster284.71+0.074%Kraken Futures284.71+0.074%BloFin284.72+0.077%RISEx284.73+0.081%01 Exchange284.73+0.081%Phemex284.73+0.081%Orderly284.74+0.084%Nado284.75+0.087%MEXC284.75+0.088%Pacifica284.76+0.090%Aevo284.77+0.096%edgeX284.78+0.099%

Deribit284.79+0.103%

Variational Omni284.82+0.112%Bybit284.85+0.123%Backpack284.86+0.127%Arcus284.88+0.134%dYdX284.89+0.136%ApeX Omni284.98+0.169%

Lighter284.99+0.173%

Hyperliquid285.16+0.232%Phoenix285.20+0.246%Coinbase International285.82+0.464%Injective290.41+2.077%

TAO on 42 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TAO_USDT	−0.103%	+0.0100%	4h	$11.2M	$42.7M	50x	as long as short
Katana Perps TAO-USD	−0.100%	+0.0100%	8h	$625	$318K	5x	as long as short
Bitget TAOUSDT	−0.093%	+0.0080%	4h	$32.2M	$36.5M	50x	as long as short
Popdex TAOUSDT	−0.086%	+0.0096%	1h	$50K	$444K	20x	as long as short
SunX TAO-USDT	−0.086%	+0.0100%	4h	$1K	$1.6M	20x	as long as short
Reya TAORUSDPERP	−0.079%	+0.0693%	1h	$327	—	20x	as long as short
KuCoin TAOUSDTM	−0.079%	+0.0100%	4h	$17.9M	$19.7M	75x	as long as short
HTX TAO-USDT	−0.071%	+0.0100%	4h	$117K	$318K	20x	as long as short
Paradex TAO-USD-PERP	−0.070%	+0.0111%	8h	$13K	$376	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	−0.066%	L +0.0173% / S +0.0141%	1h	$477K	—	100x	as long as short

Show all 42 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended TAO-USD	−0.066%	+0.0104%	1h	$767K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	−0.058%	L +0.0004% / S −0.0004%	1h	$9K	—	150x	as long as short
Bullet TAO-USD	−0.057%	+0.0100%	1h	$10K	$17K	20x	as long as short
Bulk TAO-USD	−0.049%	+0.0151%	1h	$149K	$0	10x	as long as short
BingX TAO-USDT	−0.047%	+0.0100%	4h	—	$28.2M	—	as long as short
Polymarket Perps TAO-USD	−0.047%	+0.0100%	1h	$76K	$942K	5x	as long as short
Binance TAOUSDT	−0.033%	+0.0100%	4h	$78.2M	$321.4M	75x	as long as short
OKX TAO-USDT-SWAP	−0.033%	+0.0100%	8h	$22.9M	$65.9M	50x	as long as short
Aster TAOUSDT	−0.029%	+0.0100%	4h	$1.6M	$5.0M	50x	as long as short
Kraken Futures PF_TAOUSD	−0.029%	+0.0013%	1h	$5.2M	$13.7M	50x	as long as short
BloFin TAO-USDT	−0.026%	+0.0340%	4h	$4.0M	$6.7M	100x	as long as short
RISEx TAO/USDC	−0.022%	+0.0673%	1h	$317K	$427K	5x	as long as short
01 Exchange TAOUSD	−0.022%	+0.0144%	1h	$3K	$4K	5x	as long as short
Phemex TAOUSDT	−0.022%	+0.0100%	4h	$3.0M	$7.3M	50x	as long as short
Orderly PERP_TAO_USDC	−0.019%	+0.0100%	4h	$51K	$172K	10x	as long as short
Nado TAO-PERP	−0.016%	+0.0153%	1h	$1.0M	$1.2M	10x	as long as short
MEXC TAO_USDT	−0.015%	+0.0100%	4h	$106.4M	$101.7M	300x	as long as short
Pacifica TAO	−0.013%	+0.0100%	1h	$329K	$368K	10x	as long as short
Aevo TAO-PERP	−0.007%	+0.0104%	1h	$156K	$998	3x	as long as short
edgeX TAOUSDC	−0.004%	+0.0100%	4h	$37K	$293K	10x	as long as short
Deribit TAO_USDC-PERPETUALlong	0.000%	+0.0017%	1h	$42K	$934K	25x
Variational Omni TAO	+0.009%	+0.0100%	4h	$3.2M	$4.7M	—	as long as short
Bybit TAOUSDT	+0.020%	+0.0100%	4h	$50.9M	$84.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.023%	+0.0100%	1h	$326K	$438K	10x	as long as short
Arcus TAO-USD	+0.030%	+0.0100%	1h	$122K	$569K	5x	as long as short
dYdX TAO-USD	+0.032%	+0.0044%	1h	$73K	$44K	5x	as long as short
ApeX Omni TAOUSDT	+0.065%	+0.0100%	1h	$43K	$265K	50x	as long as short
Lighter TAOshort	+0.070%	+0.0152%	1h	$1.3M	$2.1M	5x
Hyperliquid TAO	+0.129%	+0.0548%	1h	$79.2M	$52.0M	5x	as long as short
Phoenix TAO	+0.143%	+0.0476%	1h	$303K	$159K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.360%	+0.0936%	1h	$1.4M	$4.0M	50x	as long as short
Injective TAO/USDC PERP	+1.972%	+0.3793%	1h	$21K	$59K	12x	as long as short