TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0643%/8h= +70.4% APRnext payment +$0.80 per $10,000 · paid last 24h +0.176%

Price spread now: Coinbase International against Nado+0.738%7-day average +0.196% · 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+$10as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.421%+$42 on $10k

Price spread, last 4 days (all we have)−0.513%−$51 · spread now +0.738%, 7d avg +0.196%

Together, before fees−0.092%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.542% dearer against Nado than usual: you sell high and buy low: +$54 more if the spread goes back to its 7-day average of +0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	322.62	0.0285	pay 0.0036% / 1h	5m 13s	$814K	$2.2M	10x
Short	Coinbase International TAO-PERP-INTX	325.00	0.0928	get 0.0116% / 1h	5m 13s	$1.5M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.738%Rate

Funding earned: $135
Price spread: +0.738% → +0.196%: $54.24
Slippage, 4 orders: −$27.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $145.03
Costs to cover: 0.442%
Break-even: from the start

Slippage from Nado: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	1.40 bp	7.4 bp −$7	19.7 bp −$197	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	8.89 bp	15.3 bp −$15	16.0 bp −$160	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	−1.117%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.61	−0.003%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0028%	1h	323.78	+0.359%	$129K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.80	+0.057%	$26.9M	$128.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.40	−0.067%	$14.2M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.42	−0.061%	$17.7M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.72	+0.032%	$36.5M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.63	+0.004%	$83K	$965K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.65	+0.010%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.15	−0.145%	$118K	$566K	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	322.81	+0.060%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	323.85	+0.382%	$3K	$957K	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	322.90	+0.088%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	322.87	+0.078%	$53K	$291K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	323.28	+0.205%	$42K	$679K	20x	as long as short
edgeX TAOUSDC	+0.0123%	4h	321.43	−0.369%	$42K	$316K	10x	as long as short
MEXC TAO_USDT	+0.0124%	4h	322.63	+0.004%	$103.2M	$148.9M	300x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0125% / S +0.0142%	1h	322.67	+0.016%	$433K	—	100x	as long as short
Binance TAOUSDT	+0.0135%	4h	323.07	+0.140%	$93.4M	$516.8M	75x	as long as short
Pacifica TAO	+0.0233%	1h	324.18	+0.484%	$369K	$421K	10x	as long as short
Nado TAO-PERPlong	+0.0285%	1h	322.62	long leg	$814K	$2.2M	10x
Aster TAOUSDT	+0.0292%	4h	322.72	+0.032%	$1.3M	$10.8M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0295%	1h	323.08	+0.144%	$6.1M	$21.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0300%	8h	324.04	+0.442%	$15K	$1K	10x	as long as short
Bullet TAO-USD	+0.0326%	1h	323.12	+0.155%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0375%	4h	322.90	+0.088%	$4.6M	$11.2M	100x	as long as short
BingX TAO-USDT	+0.0394%	4h	322.95	+0.103%	—	$33.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0448%	1h	322.85	+0.071%	$14K	$1.8M	25x	as long as short
Bybit TAOUSDT	+0.0462%	4h	323.03	+0.128%	$70.9M	$154.3M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0468%	4h	322.01	−0.187%	$549K	$948K	10x	as long as short
Arcus TAO-USD	+0.0483%	1h	324.01	+0.432%	$104K	$371K	5x	as long as short
Extended TAO-USD	+0.0504%	1h	322.86	+0.075%	$920K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	323.50	+0.274%	$322K	$713K	5x	as long as short
Variational Omni TAO	+0.0516%	4h	323.58	+0.298%	$5.7M	$10.1M	—	as long as short
ApeX Omni TAOUSDT	+0.0529%	1h	321.20	−0.439%	$47K	$257K	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	322.51	−0.034%	$371	—	20x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	323.94	+0.410%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0816%	1h	323.23	+0.189%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0819%	1h	322.84	+0.069%	$95.1M	$109.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0847%	1h	324.63	+0.624%	$322K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0928%	1h	325.00	+0.738%	$1.5M	$6.9M	50x
RISEx TAO/USDC	+0.0948%	1h	323.25	+0.195%	$464K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+0.311%	$24K	$2K	12x	as long as short