TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Popdex−0.010%50s7-day average — · you buy dearer than you sell

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

Long on Popdex Short on gTrade (Gains Network)

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 50 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	Popdex TAOUSDT	311.85	0.0096	pay 0.0012% / 1h	44m 35s	$45K	$656K	20x
Short	gTrade (Gains Network) TAO/USD	311.82	L +0.0004% / S −0.0004%	get 0.0001% / 1h	44m 35s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Popdex. 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 PopdexbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.010%Rate

Funding earned: −$19.31
Price spread: −0.010% → 0.000%: −$0.96
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$36.67
Costs to cover: 0.164%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 9 min ago; gTrade (Gains Network): 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 Popdex live order book, 9 min ago	1.75 bp	10.4 bp −$10	86.8 bp −$868	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.12	+0.085%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.42	−0.138%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	311.82	−0.010%	$20K	—	150x
Popdex TAOUSDTlong	+0.0096%	1h	311.85	long leg	$45K	$656K	20x
Katana Perps TAO-USD	+0.0098%	8h	311.87	+0.006%	$2K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.49	−0.116%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.53	−0.103%	$89.4M	$497.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.46	−0.125%	$67.0M	$149.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	−0.144%	$25.9M	$120.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.042%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.20	−0.208%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.47	−0.122%	$101.0M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.37	−0.154%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.23	−0.199%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.49	−0.115%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.110%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.025%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	+0.035%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.59	−0.083%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.94	+0.029%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.75	−0.032%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.63	−0.071%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	+0.056%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	312.06	+0.067%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	311.79	−0.020%	$1.2M	$10.4M	50x	as long as short
Phemex TAOUSDT	+0.0127%	4h	312.00	+0.048%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	311.74	−0.035%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	311.40	−0.144%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0176%	1h	311.60	−0.080%	$913K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0217%	1h	311.70	−0.048%	$91.5M	$107.2M	5x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	−0.022%	$101K	$392K	5x	as long as short
Nado TAO-PERP	+0.0255%	1h	311.77	−0.025%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.080%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.24	+0.125%	$4.5M	$10.8M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0396%	1h	312.18	+0.106%	$310K	$906K	10x	as long as short
Lighter TAO	+0.0400%	1h	311.71	−0.045%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.85	0.000%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.208%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	312.22	+0.118%	$33K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.81	−0.014%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.65	−0.065%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.68	+0.266%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.773%	$23K	$2K	12x	as long as short