TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.4309%/8h= +471.9% APRnext payment +$5.39 per $10,000 · paid last 24h +0.819%

Price spread now: Injective against Popdex+1.419%106s7-day average — · you sell dearer than you buy

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

Long on Popdex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 +$129 a day on $10k at the current rate, and Injective is 1.419% dearer against Popdex than usual: you sell high and buy low: +$142 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 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	315.80	0.0096	pay 0.0012% / 1h	47m 39s	$50K	$632K	20x
Short	Injective TAO/USDC PERP	320.28	0.4405	get 0.0551% / 1h	47m 39s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.419%Rate

Funding earned: $904.92
Price spread: +1.419% → 0.000%: $141.86
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,040.36
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Popdex: live order book, 64 min ago; Injective: 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, 64 min ago	3.45 bp	12.1 bp −$12	67.1 bp −$671	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 exchanges

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 −0.0003%	1h	315.63	−0.053%	$19K	—	150x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	315.80	long leg	$50K	$632K	20x
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	+0.063%	$26.8M	$128.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.70	−0.032%	$15.7M	$47.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.95	+0.047%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.71	−0.028%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.75	+0.301%	$45K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.60	−0.063%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.82	+0.006%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.87	+0.022%	$112K	$564K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.52	−0.089%	$890	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	316.03	+0.072%	$174K	$998	3x	as long as short
Bybit TAOUSDT	+0.0126%	4h	315.85	+0.016%	$69.1M	$155.6M	50x	as long as short
MEXC TAO_USDT	+0.0134%	4h	316.02	+0.070%	$106.1M	$147.6M	300x	as long as short
Binance TAOUSDT	+0.0136%	4h	315.79	−0.003%	$92.9M	$511.0M	75x	as long as short
BingX TAO-USDT	+0.0140%	4h	315.99	+0.060%	—	$38.0M	—	as long as short
edgeX TAOUSDC	+0.0141%	4h	316.70	+0.285%	$42K	$324K	10x	as long as short
Lighter TAO	+0.0176%	1h	316.08	+0.089%	$1.6M	$6.6M	5x	as long as short
Paradex TAO-USD-PERP	+0.0203%	8h	315.99	+0.059%	$14K	$876	10x	as long as short
Phemex TAOUSDT	+0.0206%	4h	316.16	+0.114%	$3.2M	$8.1M	50x	as long as short
Extended TAO-USD	+0.0216%	1h	315.81	+0.002%	$954K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	316.06	+0.082%	$374K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	316.00	+0.063%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0262%	4h	317.12	+0.418%	$541K	$805K	10x	as long as short
Bullet TAO-USD	+0.0263%	1h	316.08	+0.089%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0301%	4h	315.90	+0.031%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	315.72	−0.026%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0380%	4h	316.03	+0.073%	$4.9M	$10.4M	100x	as long as short
Nado TAO-PERP	+0.0391%	1h	315.89	+0.028%	$694K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0444%	4h	316.43	+0.201%	$5.7M	$9.8M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0451%	1h	316.01	+0.065%	$15K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.0486%	1h	316.19	+0.123%	$95.1M	$107.1M	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	316.17	+0.117%	$100K	$310K	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.86	+0.019%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	316.90	+0.348%	$319K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0660%	1h	316.24	+0.139%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.77	−0.010%	$436K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.00	+0.063%	$1.1M	$7.6M	50x	as long as short
dYdX TAO-USD	+0.0696%	1h	315.77	−0.009%	$266K	$230K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	316.25	+0.144%	$364	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+0.934%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0932%	1h	316.11	+0.099%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERPshort	+0.4405%	1h	320.28	+1.419%	$23K	$2K	12x