TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0283%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h −0.062%

Price spread now: Deribit against Nado+0.300%7-day average +0.037% · 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−$8as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.300%, 7d avg +0.037%

Together, before fees−0.303%+ Points / potential airdropNado: Active · farm board−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Deribit is 0.263% dearer against Nado than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.037%. Mind the row above: over the last 3 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado TAO-PERP	315.05	0.0528	pay 0.0066% / 1h	18m 17s	$786K	$2.1M	10x
Short	Deribit TAO_USDC-PERPETUAL	315.99	0.0811	get 0.0101% / 1h	18m 17s	$22K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.300%Rate

Funding earned: $59.45
Price spread: +0.300% → +0.037%: $26.32
Slippage, 4 orders: −$20.11
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $51.66
Costs to cover: 0.341%
Break-even: 0.9 days

Slippage from Nado: live order book, just now; Deribit: live order book, 1 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, just now	0.48 bp	6.6 bp −$7	18.3 bp −$183	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	3.96 bp	9.3 bp −$9	17.3 bp −$173	doesn't fit	doesn't fit

TAO on 42 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
dYdX TAO-USD	0.0000%	1h	315.35	+0.095%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.21	+0.053%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.71	−0.107%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.57	+0.166%	$90.6M	$467.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.50	+0.144%	$26.0M	$113.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	+0.048%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.40	+0.112%	$111.6M	$139.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.12	+0.023%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.72	+0.213%	$35.2M	$53.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.73	+0.217%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	315.68	+0.201%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	+0.131%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.41	−0.202%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.84	−0.066%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.06	+0.004%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.79	+0.236%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	314.77	−0.088%	$1K	$711K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	315.02	−0.009%	$80K	$681K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.35	+0.097%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	315.24	+0.062%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.655%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0247%	1h	315.65	+0.191%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0254%	4h	314.93	−0.037%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.68	+0.201%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.26	+0.067%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0363%	8h	315.69	+0.203%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.150%	$23K	$2K	12x	as long as short
Nado TAO-PERPlong	+0.0528%	1h	315.05	long leg	$786K	$2.1M	10x
Phoenix TAO	+0.0588%	1h	317.30	+0.715%	$332K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.01	−0.012%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.21	+0.053%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0780%	4h	315.60	+0.175%	—	$30.9M	—	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0811%	1h	315.99	+0.300%	$22K	$1.5M	25x
Bybit TAOUSDT	+0.0823%	4h	315.63	+0.185%	$66.3M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	+0.216%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.09	+0.013%	$905K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0926%	1h	315.60	+0.175%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.39	+0.426%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	314.70	−0.110%	$449K	$631K	5x	as long as short
Hyperliquid TAO	+0.1330%	1h	315.72	+0.213%	$100.3M	$95.1M	5x	as long as short
Lighter TAO	+0.1424%	1h	316.16	+0.352%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−1.937%	$164K	$40K	10x	as long as short