TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.4309%/8h= −471.9% APRnext payment −$5.39 per $10,000 · paid last 24h −0.819%

Price spread now: Popdex against Injective−1.393%46s7-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 Popdex

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$129 a day on $10k at the current rate, and Popdex is 1.393% cheaper against Injective than usual: you would sell low and buy high (−$139 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	320.28	0.4405	pay 0.0551% / 1h	48m 33s	$23K	$2K	12x
Short	Popdex TAOUSDT	315.82	0.0096	get 0.0012% / 1h	48m 33s	$50K	$632K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.393%Rate

Funding earned: −$904.92
Price spread: −1.393% → 0.000%: −$139.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$1,050.59
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Popdex: live order book, 63 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 Popdex live order book, 63 min ago	3.45 bp	11.5 bp −$12	82.1 bp −$821	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 exchanges

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 −0.0003%	1h	316.86	−1.068%	$20K	—	150x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	315.82	−1.393%	$50K	$632K	20x
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	−1.399%	$26.8M	$128.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.60	−1.461%	$15.7M	$47.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.74	−1.418%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.67	−1.439%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.75	−1.102%	$45K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.60	−1.461%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.64	−1.449%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.87	−1.377%	$112K	$564K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.72	−1.424%	$890	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	315.98	−1.342%	$174K	$998	3x	as long as short
Bybit TAOUSDT	+0.0120%	4h	315.93	−1.358%	$69.2M	$155.7M	50x	as long as short
Binance TAOUSDT	+0.0136%	4h	315.82	−1.393%	$92.9M	$511.0M	75x	as long as short
MEXC TAO_USDT	+0.0136%	4h	316.00	−1.336%	$105.6M	$147.5M	300x	as long as short
edgeX TAOUSDC	+0.0141%	4h	316.70	−1.118%	$42K	$324K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	315.93	−1.358%	—	$38.0M	—	as long as short
Lighter TAO	+0.0176%	1h	315.95	−1.352%	$1.6M	$6.6M	5x	as long as short
Paradex TAO-USD-PERP	+0.0203%	8h	315.98	−1.342%	$14K	$876	10x	as long as short
Phemex TAOUSDT	+0.0209%	4h	316.02	−1.330%	$3.2M	$8.1M	50x	as long as short
Extended TAO-USD	+0.0216%	1h	315.79	−1.401%	$954K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	315.98	−1.343%	$374K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0254%	4h	315.81	−1.396%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0262%	4h	317.12	−0.986%	$541K	$805K	10x	as long as short
Bullet TAO-USD	+0.0264%	1h	315.92	−1.361%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0303%	4h	315.83	−1.389%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.55	−1.166%	$372K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0364%	1h	315.79	−1.401%	$15K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0380%	4h	316.03	−1.327%	$4.9M	$10.4M	100x	as long as short
Nado TAO-PERP	+0.0391%	1h	315.89	−1.371%	$694K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0444%	4h	316.43	−1.201%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0477%	1h	315.97	−1.346%	$95.1M	$107.1M	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	316.22	−1.268%	$100K	$310K	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.99	−1.339%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	316.90	−1.055%	$319K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0659%	1h	316.10	−1.305%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.77	−1.408%	$436K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.32	−1.236%	$1.1M	$7.6M	50x	as long as short
dYdX TAO-USD	+0.0696%	1h	315.77	−1.408%	$266K	$230K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	316.25	−1.257%	$364	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	−0.478%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0932%	1h	316.00	−1.337%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4405%	1h	320.28	long leg	$23K	$2K	12x