TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0184%/8h= −20.2% APRnext payment −$0.23 per $10,000 · paid last 24h −0.618%

Price spread now: Pacifica against Injective−1.906%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−3.377%−$338 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Pacifica is 1.906% cheaper against Injective than usual: you would sell low and buy high (−$191 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	Injective TAO/USDC PERP	315.63	0.0470	pay 0.0059% / 1h	46m 57s	$23K	$2K	12x
Short	Pacifica TAO	309.62	0.0285	get 0.0036% / 1h	46m 57s	$365K	$378K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. 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 InjectivebpFee PacificabpOrdersPrice spread, now −1.906%Rate

Funding earned: −$38.7
Price spread: −1.906% → 0.000%: −$190.55
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$237.27
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 21 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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 21 min ago	3.00 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	309.14	−2.056%	$124K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	309.09	−2.071%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.64	−1.898%	$47K	$618K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.59	−1.914%	$88.9M	$459.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.60	−1.910%	$25.2M	$108.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.40	−1.974%	$12.6M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.65	−1.895%	$100.9M	$136.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	309.67	−1.888%	$18.0M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.23	−2.028%	$34.4M	$52.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.23	−1.393%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	311.49	−1.313%	$519K	$964K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.35	−1.990%	$56K	$318K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.24	−2.025%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.06	−2.082%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.77	−1.858%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	309.72	−1.872%	$634	$673K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	309.12	−2.064%	$427K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	309.30	−2.007%	$5.5M	$20.3M	50x	as long as short
Aster TAOUSDT	+0.0182%	4h	309.26	−2.018%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0223%	1h	309.64	−1.898%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	309.51	−1.938%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0282%	1h	309.23	−2.028%	$15K	$1.5M	25x	as long as short
Pacifica TAOshort	+0.0285%	1h	309.62	−1.906%	$365K	$378K	10x
ApeX Omni TAOUSDT	+0.0290%	1h	310.96	−1.480%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0299%	1h	309.58	−1.917%	$78K	$682K	5x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.95	−1.800%	$82K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	−1.416%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERPlong	+0.0470%	1h	315.63	long leg	$23K	$2K	12x
Nado TAO-PERP	+0.0561%	1h	309.58	−1.918%	$760K	$2.1M	10x	as long as short
Phemex TAOUSDT	+0.0585%	4h	309.32	−1.999%	$3.3M	$7.9M	50x	as long as short
Phoenix TAO	+0.0588%	1h	311.70	−1.245%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	310.02	−1.777%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0682%	4h	311.59	−1.281%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.52	−1.935%	$356	—	20x	as long as short
BingX TAO-USDT	+0.0740%	4h	309.68	−1.885%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0785%	4h	309.61	−1.907%	$63.2M	$135.4M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0875%	1h	309.41	−1.971%	$313K	$816K	10x	as long as short
Extended TAO-USD	+0.0984%	1h	309.68	−1.884%	$891K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	310.00	−1.784%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.92	−1.809%	$411K	$604K	5x	as long as short
Hyperliquid TAO	+0.1296%	1h	309.70	−1.878%	$98.3M	$92.6M	5x	as long as short
Lighter TAO	+0.1432%	1h	309.80	−1.848%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	−1.023%	$166K	$40K	10x	as long as short