TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0364%/8h= −39.9% APRnext payment −$0.46 per $10,000 · paid last 24h −0.381%

Price spread now: Bulk against Extended+0.047%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Extended Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.442%−$44 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.047%, 7d avg −0.050%

Together, before fees−0.500%+ Points / potential airdropExtended: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.096% dearer against Extended than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.050%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	313.32	0.0464	pay 0.0058% / 1h	28m 16s	$897K	$2.4M	25x
Short	Bulk TAO-USD	313.47	0.0100	get 0.0013% / 1h	28m 16s	$167K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Extended. 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 ExtendedbpFee BulkbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$76.44
Price spread: +0.047% → −0.050%: $9.64
Slippage, 4 orders: −$9.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$88.52
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Bulk: live order book, 21 min ago.

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 Extended live order book, 5 min ago	3.82 bp	6.6 bp −$7	8.4 bp −$84	doesn't fit	doesn't fit
Sell Bulk live order book, 21 min ago	0.32 bp	4.0 bp −$4	4.4 bp −$44	4.5 bp −$445	12.3 bp −$6,155

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 −0.0004%	1h	313.11	−0.067%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0038%	1h	313.44	+0.037%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.40	+0.024%	$90.0M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.024%	$26.2M	$122.1M	50x	as long as short
Bulk TAO-USDshort	+0.0100%	1h	313.47	+0.047%	$167K	$333	10x
Gate TAO_USDT	+0.0100%	4h	313.20	−0.040%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.43	+0.034%	$107.7M	$145.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.40	+0.024%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.07	−0.081%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	+0.074%	$41K	$316K	10x	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	313.30	−0.008%	$89K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.18	−0.046%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.95	−0.120%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	313.50	+0.056%	$1K	$920K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.58	+0.081%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.37	+0.014%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	312.99	−0.108%	$419K	—	100x	as long as short
Popdex TAOUSDT	+0.0144%	1h	313.60	+0.088%	$51K	$667K	20x	as long as short
Phemex TAOUSDT	+0.0195%	4h	313.23	−0.030%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.44	+0.037%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.65	+0.103%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	313.40	+0.025%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0271%	1h	313.38	+0.017%	$771K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.51	+0.059%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0321%	1h	313.45	+0.039%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	+0.343%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.332%	$534K	$923K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0356%	1h	313.32	−0.002%	$15K	$1.8M	25x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.008%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	313.34	+0.005%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0445%	4h	313.42	+0.030%	$68.1M	$152.5M	50x	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.227%	$5.5M	$10.1M	—	as long as short
Extended TAO-USDlong	+0.0464%	1h	313.32	long leg	$897K	$2.4M	25x
Arcus TAO-USD	+0.0483%	1h	313.88	+0.177%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	+0.279%	$313K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	+0.001%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	313.95	+0.200%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0803%	1h	313.67	+0.110%	$91.7M	$108.9M	5x	as long as short
Lighter TAO	+0.0816%	1h	313.65	+0.105%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0824%	1h	314.13	+0.257%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.27	+0.302%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.63	+0.098%	$454K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.964%	$23K	$2K	12x	as long as short