TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.22 per $10,000 · paid last 24h −0.071%

Price spread now: Aevo against Nado+0.325%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−$197as in the Price arb table

costs, in and out, $10k−$2242.240% of the position

Long on Nado Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.325%, 7d avg +0.050%

Together, before fees−0.321%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.275% dearer against Nado than usual: you sell high and buy low (spread +0.325% now, against its 7-day average of +0.050%): +$27 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 3 days (−0.079% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	322.50	0.0291	pay 0.0036% / 1h	5m 48s	$816K	$2.2M	10x
Short	Aevo TAO-PERP	323.55	0.0112	get 0.0014% / 1h	5m 48s	$178K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Nado. 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 NadobpFee AevobpOrdersPrice spread, now +0.325%Rate

Funding earned: −$37.56
Price spread: +0.325% → +0.050%: $27.48
Slippage, 4 orders: −$201.02
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$234.09
Costs to cover: 2.240%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Aevo: live order book, 43 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 Nado live order book, 3 min ago	1.40 bp	7.4 bp −$7	19.7 bp −$197	doesn't fit	doesn't fit
Sell Aevo live order book, 43 min ago	72.17 bp	94.9 bp −$95	doesn't fit	doesn't fit	doesn't fit

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	−0.1195%	1h	319.01	−1.082%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.12	+0.191%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0029%	1h	321.54	−0.298%	$128K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.00	+0.464%	$27.0M	$128.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	324.10	+0.495%	$14.2M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	324.42	+0.595%	$17.9M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.87	+0.424%	$36.6M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.32	−0.057%	$79K	$958K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.27	−0.072%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.55	+0.325%	$118K	$565K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	323.94	+0.446%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	321.98	−0.162%	$659	$952K	5x	as long as short
edgeX TAOUSDC	+0.0110%	4h	319.26	−1.006%	$42K	$315K	10x	as long as short
Aevo TAO-PERPshort	+0.0112%	1h	323.55	+0.325%	$178K	$998	3x
Orderly PERP_TAO_USDC	+0.0119%	4h	323.57	+0.331%	$53K	$291K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	322.18	−0.100%	$49K	$679K	20x	as long as short
MEXC TAO_USDT	+0.0124%	4h	324.41	+0.591%	$103.9M	$148.9M	300x	as long as short
Binance TAOUSDT	+0.0124%	4h	324.46	+0.607%	$93.8M	$516.5M	75x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0126% / S +0.0142%	1h	322.79	+0.090%	$432K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	322.02	−0.150%	$366K	$421K	10x	as long as short
Aster TAOUSDT	+0.0283%	4h	324.24	+0.539%	$1.3M	$10.8M	50x	as long as short
Nado TAO-PERPlong	+0.0291%	1h	322.50	long leg	$816K	$2.2M	10x
Kraken Futures PF_TAOUSD	+0.0294%	1h	323.62	+0.346%	$6.1M	$21.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0295%	8h	322.06	−0.136%	$15K	$1K	10x	as long as short
Bullet TAO-USD	+0.0325%	1h	322.65	+0.046%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0364%	4h	321.98	−0.162%	$4.6M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0394%	4h	324.37	+0.579%	—	$33.9M	—	as long as short
GRVT TAO_USDT_Perp	+0.0440%	4h	319.60	−0.901%	$545K	$948K	10x	as long as short
Bybit TAOUSDT	+0.0460%	4h	324.38	+0.582%	$71.2M	$154.2M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	322.26	−0.075%	$110K	$364K	5x	as long as short
ApeX Omni TAOUSDT	+0.0487%	1h	319.47	−0.940%	$47K	$257K	50x	as long as short
Extended TAO-USD	+0.0504%	1h	324.34	+0.569%	$920K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	320.60	−0.590%	$319K	$713K	5x	as long as short
Variational Omni TAO	+0.0516%	4h	323.58	+0.334%	$5.7M	$10.1M	—	as long as short
Reya TAORUSDPERP	+0.0697%	1h	322.47	−0.009%	$371	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0709%	1h	323.61	+0.342%	$14K	$1.8M	25x	as long as short
Lighter TAO	+0.0808%	1h	324.47	+0.609%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	322.75	+0.077%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0824%	1h	324.36	+0.576%	$95.5M	$109.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0847%	1h	324.63	+0.660%	$322K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	324.00	+0.464%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	322.05	−0.140%	$463K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+0.347%	$24K	$2K	12x	as long as short