TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0389%/8h= +42.6% APRnext payment +$0.49 per $10,000 · paid last 24h −0.058%

Price spread now: Backpack against 01 Exchange+0.315%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Backpack

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 +$12 a day on $10k at the current rate, and Backpack is 0.315% dearer against 01 Exchange than usual: you sell high and buy low: +$31 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	01 Exchange TAOUSD	308.35	0.0536	pay 0.0067% / 1h	8m 56s	$3K	$4K	5x
Short	Backpack TAO_USDC_PERP	309.32	0.0925	get 0.0116% / 1h	8m 56s	$385K	$754K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now +0.315%Rate

Funding earned: $81.65
Price spread: +0.315% → 0.000%: $31.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $96.1
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 15 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 15 min ago	0.16 bp	8.2 bp −$8	13.5 bp −$135	doesn't fit	doesn't fit

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	−0.0601%	1h	309.73	+0.448%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	307.61	−0.240%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.27	−0.026%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.99	−0.117%	$41K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.98	−0.118%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.59	+0.402%	$86.8M	$405.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.24	+0.289%	$60.2M	$119.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.20	+0.276%	$25.5M	$93.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.25	−0.032%	$138K	$603K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.90	+0.178%	$12.3M	$48.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	309.60	+0.405%	$119.0M	$126.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	309.57	+0.396%	$18.8M	$26.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.41	+0.344%	$34.7M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	309.48	+0.366%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.99	−0.118%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.08	−0.088%	$40K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.51	+0.052%	$549K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.80	−0.178%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.45	+0.032%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.47	+0.038%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.87	+0.169%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.12	−0.075%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.44	+0.029%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.94	+0.191%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.60	+0.081%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.17	−0.058%	$881	$450K	5x	as long as short
Paradex TAO-USD-PERP	+0.0157%	8h	307.89	−0.149%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0157%	4h	309.09	+0.240%	$1.1M	$7.6M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	308.30	−0.016%	$440K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0231%	1h	308.93	+0.189%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	308.80	+0.146%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0306%	1h	308.29	−0.020%	$852K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.69	+0.110%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSDlong	+0.0536%	1h	308.35	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0694%	1h	308.39	+0.014%	$355	—	20x	as long as short
Extended TAO-USD	+0.0744%	1h	309.18	+0.270%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERPshort	+0.0925%	1h	309.32	+0.315%	$385K	$754K	10x
Lighter TAO	+0.0944%	1h	309.32	+0.315%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	310.12	+0.574%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1019%	1h	309.22	+0.282%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.17	−0.058%	$412K	$542K	5x	as long as short
Hyperliquid TAO	+0.1830%	1h	309.88	+0.496%	$96.9M	$77.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.123%	$22K	$271	12x	as long as short