TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0359%/8h= −39.3% APRnext payment −$0.45 per $10,000 · paid last 24h −0.064%

Price spread now: Nado against RISEx−0.259%54s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on RISEx Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.337%−$34 on $10k

Price spread, last 3 days (all we have)+0.409%+$41 · spread now −0.259%, 7d avg −0.012%

Together, before fees+0.073%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Nado is 0.248% cheaper against RISEx than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 54 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	RISEx TAO/USDC	319.13	0.1141	pay 0.0143% / 1h	23m 35s	$423K	$592K	5x
Short	Nado TAO-PERP	318.30	0.0782	get 0.0098% / 1h	23m 35s	$889K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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 RISExbpFee NadobpOrdersPrice spread, now −0.259%Rate

Funding earned: −$75.44
Price spread: −0.259% → −0.012%: −$24.75
Slippage, 4 orders: −$12.58
Fee RISEx: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$125.77
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from RISEx: live order book, 50 min ago; Nado: live order book, 5 min ago.

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 RISEx live order book, 50 min ago	0.48 bp	3.5 bp −$4	28.3 bp −$283	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	2.83 bp	9.2 bp −$9	18.1 bp −$181	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
Bulk TAO-USD	−0.1321%	1h	318.22	−0.284%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.91	−0.381%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.01	−0.348%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.70	−0.447%	$43K	$591K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.31	−0.257%	$91.6M	$447.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	−0.196%	$26.0M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.00	−0.353%	$12.9M	$50.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.20	−0.290%	$108.9M	$135.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.27	−0.268%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.48	−0.202%	$35.5M	$50.8M	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	317.16	−0.615%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.62	−0.785%	$523K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.15	−0.306%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.01	−0.349%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.55	−0.180%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.12	−0.315%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.59	−0.167%	$175K	$998	3x	as long as short
Bullet TAO-USD	+0.0105%	1h	318.28	−0.264%	$12K	$17K	20x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	319.01	−0.036%	$738	$624K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	318.04	−0.340%	$457K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.49	−0.199%	$377K	$376K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0198%	1h	318.17	−0.298%	$17K	$1.5M	25x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.11	−0.005%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0225%	4h	318.02	−0.346%	$1.2M	$8.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	318.30	−0.258%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0292%	1h	318.07	−0.331%	$93K	$635K	5x	as long as short
ApeX Omni TAOUSDT	+0.0316%	1h	317.14	−0.622%	$49K	$267K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.72	−0.127%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.68	−0.139%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0460%	4h	318.45	−0.211%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	318.10	−0.322%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.10	−0.321%	$333K	$624K	5x	as long as short
Bybit TAOUSDT	+0.0561%	4h	318.54	−0.183%	$65.7M	$133.2M	50x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.205%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	319.05	−0.024%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.21	−0.287%	$366	—	20x	as long as short
Nado TAO-PERPshort	+0.0782%	1h	318.30	−0.259%	$889K	$2.0M	10x
Backpack TAO_USDC_PERP	+0.0835%	1h	318.15	−0.306%	$321K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.30	−0.259%	$1.5M	$6.3M	50x	as long as short
Extended TAO-USD	+0.1128%	1h	318.68	−0.141%	$926K	$2.3M	25x	as long as short
RISEx TAO/USDClong	+0.1141%	1h	319.13	long leg	$423K	$592K	5x
Lighter TAO	+0.1424%	1h	318.76	−0.115%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2012%	1h	318.81	−0.099%	$103.0M	$90.9M	5x	as long as short