TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.042%

Price spread now: Arcus against Nado+0.006%7-day average +0.066% · 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−$48as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 3 days (all we have)−0.234%−$23 · spread now +0.006%, 7d avg +0.066%

Together, before fees−0.278%+ Points / potential airdropNado: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Arcus is 0.060% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.044% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	303.50	0.0436	pay 0.0055% / 1h	45m 26s	$826K	$1.9M	10x
Short	Arcus TAO-USD	303.52	0.0100	get 0.0013% / 1h	45m 26s	$79K	$642K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$70.66
Price spread: +0.006% → +0.066%: −$6.04
Slippage, 4 orders: −$30.73
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$118.94
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Arcus: live order book, 38 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	1.98 bp	7.6 bp −$8	19.6 bp −$196	doesn't fit	doesn't fit
Sell Arcus live order book, 38 min ago	4.70 bp	9.7 bp −$10	20.3 bp −$203	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	−0.0466%	1h	307.38	+1.278%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.51	+0.001%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.37	−0.043%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.32	−0.060%	$43K	$535K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.54	+0.013%	$85.0M	$410.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.63	+0.042%	$58.8M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.60	+0.032%	$24.4M	$94.5M	50x	as long as short
Arcus TAO-USDshort	+0.0100%	1h	303.52	+0.006%	$79K	$642K	5x
Gate TAO_USDT	+0.0100%	4h	303.30	−0.067%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.62	+0.039%	$120.2M	$124.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.18	−0.106%	$18.2M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.41	−0.030%	$33.9M	$45.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.53	+0.009%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.72	+0.070%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.67	+0.055%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.73	+0.076%	$502K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.64	+0.045%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.62	+0.039%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.60	+0.032%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.53	+0.009%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.83	+0.108%	$120K	$356K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.84	+0.111%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.57	+0.022%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0108%	4h	303.34	−0.055%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	303.28	−0.073%	$621	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	303.36	−0.047%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.66	+0.053%	$359K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.33	−0.056%	$433K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0233%	1h	304.06	+0.184%	$46K	$269K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0322%	1h	303.69	+0.061%	$20K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.45	−0.017%	$4.3M	$9.3M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0381%	1h	303.78	+0.091%	$376K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	303.48	−0.007%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0408%	1h	304.20	+0.231%	$1.6M	$5.2M	5x	as long as short
Nado TAO-PERPlong	+0.0436%	1h	303.50	long leg	$826K	$1.9M	10x
Phoenix TAO	+0.0521%	1h	303.90	+0.131%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.55	+0.014%	$349	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.21	−0.098%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.582%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.74	+0.079%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.41	−0.030%	$409K	$545K	5x	as long as short
Hyperliquid TAO	+0.1270%	1h	303.78	+0.091%	$92.6M	$79.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.722%	$22K	$264	12x	as long as short