TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0365%/8h= −40.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.108%

Price spread now: Nado against Reya+0.029%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Nado

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—+ Points / potential airdropReya: Active · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.029% dearer against Reya than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	312.55	0.0697	pay 0.0087% / 1h	13m 48s	$359	—	20x
Short	Nado TAO-PERP	312.64	0.0332	get 0.0041% / 1h	13m 48s	$789K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Reya. 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 ReyabpFee NadobpOrdersPrice spread, now +0.029%Rate

Funding earned: −$76.73
Price spread: +0.029% → 0.000%: $2.93
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$86.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Nado: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell Nado live order book, 5 min ago	0.96 bp	6.7 bp −$7	16.4 bp −$164	doesn't fit	doesn't fit

Reya: 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	−0.0347%	1h	312.44	−0.033%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.15	−0.127%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	312.24	−0.098%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.57	+0.008%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	312.50	−0.015%	$2K	$848K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.66	+0.038%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.52	−0.008%	$89.4M	$501.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.50	−0.015%	$26.1M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.30	−0.079%	$13.3M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.52	−0.008%	$103.0M	$145.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.44	−0.034%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.17	−0.120%	$35.0M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.34	+0.255%	$42K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.61	+0.340%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.42	−0.040%	$82K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.51	−0.012%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.41	−0.043%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.12	−0.136%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.53	−0.005%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.54	−0.002%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.65	+0.033%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0114%	4h	312.56	+0.004%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	312.49	−0.018%	$52K	$290K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0124%	4h	312.88	+0.106%	$531K	$956K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0132%	1h	312.12	−0.137%	$421K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0162%	8h	312.51	−0.011%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0179%	4h	312.57	+0.008%	$67.4M	$150.6M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.89	+0.110%	$101K	$394K	5x	as long as short
Extended TAO-USD	+0.0320%	1h	312.49	−0.017%	$914K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0323%	4h	312.65	+0.033%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERPshort	+0.0332%	1h	312.64	+0.029%	$789K	$2.2M	10x
BloFin TAO-USDT	+0.0340%	4h	312.54	−0.002%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	313.70	+0.369%	$312K	$711K	5x	as long as short
Hyperliquid TAO	+0.0477%	1h	312.65	+0.033%	$91.8M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.80	+0.081%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0500%	1h	312.63	+0.027%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0530%	1h	312.58	+0.010%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0640%	1h	312.88	+0.107%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERPlong	+0.0697%	1h	312.55	long leg	$359	—	20x
RISEx TAO/USDC	+0.0816%	1h	312.64	+0.030%	$443K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.520%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.90	+0.113%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.320%	$23K	$2K	12x	as long as short