TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0461%/8h= −50.5% APRnext payment −$2.30 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex+0.013%7-day average −0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.487%+$49 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.013%, 7d avg −0.013%

Together, before fees+0.481%+$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.025% dearer against Phemex than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.013%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.487%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TAOUSDT	318.35	0.0561	pay 0.0280% / 4h	51m 38s	$3.2M	$8.2M	50x
Short	SunX TAO-USDT	318.39	0.0100	get 0.0050% / 4h	51m 38s	$1K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phemex. 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 PhemexbpFee SunXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$96.78
Price spread: +0.013% → −0.013%: $2.54
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.24
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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 Phemex live order book, 2 min ago	12.13 bp	20.8 bp −$21	41.0 bp −$410	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.10 bp	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.22	−0.040%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	318.50	+0.047%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.23	+0.276%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.90	+0.173%	$26.6M	$130.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	−0.157%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.70	+0.110%	$14.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.94	+0.185%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.73	+0.119%	$35.8M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.66	−0.217%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.38	+0.009%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTshort	+0.0100%	4h	318.39	+0.013%	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	317.76	−0.185%	$116K	$603K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	318.95	+0.188%	$6K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	318.23	−0.037%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.63	+0.089%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0139%	4h	318.46	+0.035%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	317.66	−0.217%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	318.91	+0.176%	$108.0M	$150.5M	300x	as long as short
Binance TAOUSDT	+0.0168%	4h	319.17	+0.258%	$92.7M	$529.2M	75x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	318.92	+0.179%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0248%	4h	318.94	+0.185%	—	$37.0M	—	as long as short
Bybit TAOUSDT	+0.0252%	4h	319.24	+0.280%	$69.9M	$156.3M	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.94	+0.186%	$362K	$427K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	−0.219%	$542K	$926K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	318.84	+0.155%	$904K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0329%	4h	319.13	+0.247%	$1.3M	$11.0M	50x	as long as short
Bullet TAO-USD	+0.0338%	1h	318.64	+0.090%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0406%	4h	317.78	−0.179%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0410%	1h	319.17	+0.258%	$791K	$2.0M	10x	as long as short
Lighter TAO	+0.0456%	1h	319.02	+0.210%	$1.6M	$6.8M	5x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.12	+0.242%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0498%	4h	316.92	−0.450%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDTlong	+0.0561%	4h	318.35	long leg	$3.2M	$8.2M	50x
Phoenix TAO	+0.0629%	1h	318.20	−0.047%	$317K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0669%	1h	318.48	+0.040%	$15K	$2.0M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.49	+0.043%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0704%	1h	318.70	+0.110%	$297K	$905K	10x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	319.56	+0.380%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0751%	1h	319.21	+0.270%	$94.4M	$110.0M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.86	+0.159%	$442K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0832%	1h	318.63	+0.088%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.84	+0.154%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.729%	$23K	$2K	12x	as long as short