TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.04 per $10,000 · paid last 24h −0.002%

Price spread now: OKX against Katana Perps+0.060%7-day average −0.044% · you sell dearer than you buy

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

Long on Katana Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.060%, 7d avg −0.044%

Together, before fees−0.366%−$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.104% dearer against Katana Perps than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	315.41	0.0104	pay 0.0104% / 8h	5h 45m	$1K	$1.3M	5x
Short	OKX TAO-USDT-SWAP	315.60	0.0100	get 0.0100% / 8h	5h 45m	$26.8M	$127.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Katana Perps. 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 Katana PerpsbpFee OKXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$0.78
Price spread: +0.060% → −0.044%: $10.42
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$4.16
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; OKX: live order book, 2 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 Katana Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, 2 min ago	1.58 bp	8.9 bp −$9	15.5 bp −$155	63.0 bp −$6,298	doesn't fit

Katana Perps: 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	315.42	+0.003%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.71	+0.095%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	315.60	+0.060%	$26.8M	$127.8M	50x
Gate TAO_USDT	+0.0100%	4h	315.40	−0.003%	$15.7M	$47.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.48	+0.022%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.12	−0.092%	$35.7M	$55.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.83	+0.133%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.38	−0.010%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.34	−0.022%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.08	−0.105%	$112K	$567K	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-USDlong	+0.0104%	8h	315.41	long leg	$1K	$1.3M	5x
Aevo TAO-PERP	+0.0112%	1h	315.61	+0.063%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0119%	4h	315.65	+0.076%	$69.1M	$155.7M	50x	as long as short
Binance TAOUSDT	+0.0135%	4h	315.64	+0.073%	$92.8M	$511.0M	75x	as long as short
edgeX TAOUSDC	+0.0136%	4h	315.81	+0.127%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0136%	4h	315.70	+0.092%	$105.9M	$147.7M	300x	as long as short
BingX TAO-USDT	+0.0140%	4h	315.73	+0.101%	—	$38.0M	—	as long as short
Lighter TAO	+0.0192%	1h	315.64	+0.073%	$1.6M	$6.6M	5x	as long as short
Extended TAO-USD	+0.0200%	1h	315.47	+0.019%	$954K	$2.1M	25x	as long as short
Paradex TAO-USD-PERP	+0.0200%	8h	315.58	+0.054%	$14K	$876	10x	as long as short
Phemex TAOUSDT	+0.0219%	4h	315.67	+0.082%	$3.2M	$8.1M	50x	as long as short
Pacifica TAO	+0.0240%	1h	315.54	+0.040%	$374K	$456K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	316.07	+0.209%	$539K	$795K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0252%	4h	315.53	+0.038%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0258%	1h	315.66	+0.079%	$12K	$16K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	315.50	+0.028%	$15K	$1.9M	25x	as long as short
Aster TAOUSDT	+0.0298%	4h	315.72	+0.099%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	315.25	−0.050%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	315.50	+0.029%	$4.9M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0385%	1h	315.50	+0.028%	$694K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0452%	4h	315.92	+0.163%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0481%	1h	315.85	+0.140%	$95.0M	$107.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.90	+0.155%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	315.93	+0.165%	$100K	$310K	5x	as long as short
Bulk TAO-USD	+0.0627%	1h	316.13	+0.228%	$168K	$0	10x	as long as short
Phoenix TAO	+0.0650%	1h	316.10	+0.219%	$318K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0657%	1h	315.79	+0.120%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.54	+0.043%	$436K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.80	+0.124%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	315.53	+0.038%	$363	—	20x	as long as short
dYdX TAO-USD	+0.0767%	1h	315.21	−0.065%	$266K	$230K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0933%	1h	315.67	+0.082%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	320.28	+1.544%	$23K	$2K	12x	as long as short