TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.7% APRnext payment +$0.37 per $10,000 · paid last 24h −0.005%

Price spread now: 01 Exchange against Phoenix+0.166%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and 01 Exchange is 0.166% dearer against Phoenix than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix TAO	319.50	0.0525	pay 0.0066% / 1h	48m 47s	$334K	$624K	5x
Short	01 Exchange TAOUSD	320.03	0.0824	get 0.0103% / 1h	48m 47s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Phoenix. 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 PhoenixbpFee 01 ExchangebpOrdersPrice spread, now +0.166%Rate

Funding earned: $62.69
Price spread: +0.166% → 0.000%: $16.59
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $65.27
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 24 min ago; 01 Exchange: no order-book sample. 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 Phoenix live order book, 24 min ago	3.19 bp	14.6 bp −$15	25.1 bp −$251	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−2.360%	$167K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.36	−0.044%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.40	+0.283%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.58	+0.025%	$42K	$580K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.87	+0.115%	$92.0M	$441.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.60	+0.031%	$26.1M	$107.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.40	+0.282%	$13.0M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.48	−0.006%	$106.3M	$132.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.96	+0.144%	$18.9M	$28.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.52	+0.006%	$35.7M	$49.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	318.79	−0.221%	$36K	$288K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.75	+0.078%	$48K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	321.00	+0.469%	$58K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.98	+0.463%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.77	+0.397%	$128K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.40	+0.282%	$3.5M	$7.8M	50x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	319.65	+0.047%	$657	$596K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	321.68	+0.681%	$177K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0168%	4h	320.12	+0.194%	$532K	$945K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0085%	1h	319.99	+0.152%	$462K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	319.87	+0.116%	$379K	$373K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.95	+0.141%	$84K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	319.55	+0.016%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0235%	4h	320.27	+0.241%	$1.1M	$8.1M	50x	as long as short
Bullet TAO-USD	+0.0279%	1h	320.11	+0.191%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0305%	4h	320.13	+0.196%	$5.5M	$8.6M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.60	+0.657%	$4.5M	$10.9M	100x	as long as short
Polymarket Perps TAO-USD	+0.0355%	1h	319.80	+0.094%	$100K	$634K	5x	as long as short
BingX TAO-USDT	+0.0378%	4h	319.63	+0.041%	—	$30.7M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0446%	1h	321.27	+0.555%	$21K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0477%	1h	321.18	+0.524%	$5.8M	$20.3M	50x	as long as short
Phoenix TAOlong	+0.0525%	1h	319.50	long leg	$334K	$624K	5x
Injective TAO/USDC PERP	+0.0571%	1h	319.58	+0.025%	$23K	$501	12x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.62	+0.038%	$368	—	20x	as long as short
Bybit TAOUSDT	+0.0706%	4h	319.92	+0.131%	$66.0M	$130.5M	50x	as long as short
Nado TAO-PERP	+0.0751%	1h	319.52	+0.008%	$890K	$2.0M	10x	as long as short
01 Exchange TAOUSDshort	+0.0824%	1h	320.03	+0.166%	$3K	$4K	5x
Coinbase International TAO-PERP-INTX	+0.0984%	1h	322.20	+0.845%	$1.5M	$6.1M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1004%	1h	321.00	+0.469%	$322K	$820K	10x	as long as short
Extended TAO-USD	+0.1064%	1h	319.57	+0.023%	$934K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.65	+0.047%	$423K	$590K	5x	as long as short
Lighter TAO	+0.1728%	1h	320.66	+0.363%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2892%	1h	321.13	+0.510%	$105.0M	$88.7M	5x	as long as short