TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0500%/8h= +54.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.117%

Price spread now: Phoenix against gTrade (Gains Network)+0.580%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Phoenix

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 for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phoenix is 0.580% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$58 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	gTrade (Gains Network) TAO/USD	322.43	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	26m 54s	$21K	—	150x
Short	Phoenix TAO	324.30	0.0504	get 0.0063% / 1h	26m 54s	$339K	$707K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now +0.580%Rate

Funding earned: $104.97
Price spread: +0.580% → 0.000%: $58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $145.97
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 36 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 36 min ago	1.57 bp	15.2 bp −$15	29.7 bp −$297	doesn't fit	doesn't fit

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 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
Bulk TAO-USD	−0.5583%	1h	316.49	−1.842%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.14	+0.220%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	322.43	long leg	$21K	—	150x
Popdex TAOUSDT	+0.0096%	1h	322.93	+0.155%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.38	+0.295%	$94.6M	$479.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.20	+0.239%	$26.6M	$119.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	+0.239%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.56	+0.350%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.35	+0.285%	$18.1M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.18	+0.233%	$36.1M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	323.11	+0.210%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.77	+0.105%	$87K	$792K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.61	+0.056%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.86	+0.133%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.00	+0.177%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	322.96	+0.165%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	322.75	+0.099%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	323.16	+0.226%	$687	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	322.37	−0.020%	$447K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.76	+0.101%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	+0.186%	$536K	$964K	10x	as long as short
Bullet TAO-USD	+0.0276%	1h	322.80	+0.115%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0305%	8h	323.30	+0.268%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.71	+0.397%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.49	+0.327%	$1.1M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0429%	1h	322.73	+0.094%	$21K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	323.55	+0.348%	$383K	$402K	10x	as long as short
Phoenix TAOshort	+0.0504%	1h	324.30	+0.580%	$339K	$707K	5x
Arcus TAO-USD	+0.0509%	1h	323.33	+0.279%	$101K	$487K	5x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.30	+0.270%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0563%	4h	323.45	+0.316%	$70.9M	$143.7M	50x	as long as short
Nado TAO-PERP	+0.0572%	1h	322.89	+0.143%	$791K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	322.79	+0.112%	$371	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.431%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	323.51	+0.335%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0840%	1h	323.37	+0.292%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.440%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.21	+0.243%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.605%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.48	+0.326%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.15	+0.225%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1261%	1h	323.71	+0.397%	$101.8M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.292%	$24K	$2K	12x	as long as short