Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$0.28 per $10,000 · paid last 24h +0.035%
Price spread now: Phoenix against Nado+0.335%57s7-day average +0.140% · 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—prices read too far apart to compare
costs, in and out, $10k−$470.473% of the position
Funding, last 3 days (all we have)+0.177%+$18 on $10k
+Price spread, last 3 days (all we have)−0.252%−$25 · spread now +0.335%, 7d avg +0.140%
=Together, before fees−0.075%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.196% dearer against Nado than usual: you sell high and buy low (spread +0.335% now, against its 7-day average of +0.140%): +$20 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 3 days funding on this pair paid +0.177%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado TAO-PERP | 319.93 | 0.0746 | pay 0.0093% / 1h | 50m 21s | $891K | $2.0M | 10x |
| Short | Phoenix TAO | 321.00 | 0.0525 | get 0.0066% / 1h | 50m 21s | $336K | $624K | 5x |
Nado TAO-PERP
Phoenix TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$46.29
- Price spread: +0.335% → +0.140%
- $19.57
- Slippage, 4 orders
- −$33.26
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$73.97
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Nado: live order book, 3 min ago; Phoenix: live order book, 22 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 | 1.10 bp | 8.0 bp −$8 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 22 min ago | 3.19 bp | 16.7 bp −$17 | 23.0 bp −$230 | 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 | −0.1799% | 1h | 311.96 | −2.490% | $167K | $44K | 10x | as long as short |
| Phemex TAOUSDT | −0.0839% | 4h | 318.72 | −0.377% | $3.4M | $7.9M | 50x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.11 | −0.254% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.44 | −0.152% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.46 | +0.166% | $42K | $579K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 319.76 | −0.052% | $92.0M | $440.4M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | −0.165% | $26.0M | $106.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.60 | −0.102% | $12.9M | $49.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 319.90 | −0.009% | $106.0M | $131.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.98 | +0.016% | $19.0M | $28.4M | 75x | as long as short |
Bulk TAO-USD
Phemex TAOUSDT
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 319.24 | −0.215% | $35.7M | $49.0M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.79 | −0.355% | $36K | $288K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 318.51 | −0.443% | $48K | $268K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 319.44 | −0.152% | $57K | $316K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.10 | −0.259% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.75 | −0.055% | $128K | $422K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.73 | −0.063% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0105% | 8h | 320.26 | +0.104% | $2K | $595K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0168% | 4h | 320.12 | +0.060% | $532K | $945K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0085% | 1h | 319.38 | −0.170% | $463K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 319.73 | −0.061% | $378K | $371K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 320.45 | +0.163% | $85K | $545K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0226% | 8h | 319.61 | −0.098% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0230% | 4h | 319.83 | −0.030% | $1.1M | $8.1M | 50x | as long as short |
| Bullet TAO-USD | +0.0280% | 1h | 319.91 | −0.007% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0305% | 1h | 319.26 | −0.208% | $22K | $1.5M | 25x | as long as short |
| Variational Omni TAO | +0.0305% | 4h | 320.13 | +0.062% | $5.5M | $8.6M | — | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 319.32 | −0.190% | $4.4M | $10.9M | 100x | as long as short |
| Polymarket Perps TAO-USD | +0.0365% | 1h | 320.29 | +0.113% | $100K | $634K | 5x | as long as short |
| BingX TAO-USDT | +0.0378% | 4h | 319.79 | −0.043% | — | $30.7M | — | as long as short |
| Kraken Futures PF_TAOUSD | +0.0480% | 1h | 319.51 | −0.129% | $5.8M | $20.3M | 50x | as long as short |
| Phoenix TAOshort | +0.0525% | 1h | 321.00 | +0.335% | $336K | $624K | 5x | |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.58 | +0.204% | $23K | $495 | 12x | as long as short |
| Bybit TAOUSDT | +0.0646% | 4h | 319.63 | −0.093% | $65.8M | $130.3M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 319.82 | −0.034% | $368 | — | 20x | as long as short |
| Nado TAO-PERPlong | +0.0746% | 1h | 319.93 | long leg | $891K | $2.0M | 10x | |
| 01 Exchange TAOUSD | +0.0832% | 1h | 320.61 | +0.213% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 321.35 | +0.445% | $1.5M | $6.1M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1022% | 1h | 319.03 | −0.281% | $318K | $820K | 10x | as long as short |
| Extended TAO-USD | +0.1056% | 1h | 319.25 | −0.213% | $933K | $2.2M | 25x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 320.37 | +0.137% | $423K | $590K | 5x | as long as short |
| Lighter TAO | +0.1784% | 1h | 320.07 | +0.043% | $1.7M | $5.9M | 5x | as long as short |
| Hyperliquid TAO | +0.2908% | 1h | 320.89 | +0.301% | $104.9M | $88.6M | 5x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
Variational Omni TAO
BloFin TAO-USDT
Polymarket Perps TAO-USD
BingX TAO-USDT
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP
Bybit TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO