TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0660%/8h= −72.3% APRnext payment −$0.82 per $10,000 · paid last 24h −0.405%

Price spread now: Bulk against 01 Exchange−0.444%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bulk

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 against this trade now: funding costs −$20 a day on $10k at the current rate, and Bulk is 0.444% cheaper against 01 Exchange than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	314.87	0.0760	pay 0.0095% / 1h	29m 00s	$3K	$4K	5x
Short	Bulk TAO-USD	313.47	0.0100	get 0.0013% / 1h	29m 00s	$167K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.444%Rate

Funding earned: −$138.6
Price spread: −0.444% → 0.000%: −$44.42
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$197.02
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bulk: live order book, 20 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 Bulk live order book, 20 min ago	0.32 bp	4.0 bp −$4	4.4 bp −$44	4.5 bp −$445	12.3 bp −$6,155

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.92	−0.300%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0039%	1h	313.66	−0.384%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.10	−0.246%	$90.2M	$508.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.00	−0.276%	$26.3M	$122.3M	50x	as long as short
Bulk TAO-USDshort	+0.0100%	1h	313.47	−0.444%	$167K	$333	10x
Gate TAO_USDT	+0.0100%	4h	313.70	−0.372%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.99	−0.279%	$107.8M	$145.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.99	−0.279%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.69	−0.375%	$35.4M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	−0.418%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	314.09	−0.248%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.12	−0.238%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.04	−0.581%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.26	−0.194%	$643	$915K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	−0.143%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.27	−0.191%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	313.98	−0.284%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0137%	4h	314.00	−0.276%	$3.2M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0152%	1h	314.30	−0.181%	$51K	$667K	20x	as long as short
Aster TAOUSDT	+0.0206%	4h	314.16	−0.226%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.09	−0.248%	$358K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0270%	8h	313.97	−0.284%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0270%	1h	314.08	−0.250%	$773K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.24	−0.200%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0324%	1h	314.31	−0.178%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	−0.149%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	−0.161%	$534K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.499%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	314.09	−0.248%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	−0.265%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0452%	4h	313.99	−0.279%	$68.1M	$152.5M	50x	as long as short
Extended TAO-USD	+0.0464%	1h	314.17	−0.223%	$897K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.63	−0.076%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	−0.213%	$313K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0595%	1h	314.26	−0.192%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.15	−0.229%	$361	—	20x	as long as short
01 Exchange TAOUSDlong	+0.0760%	1h	314.87	long leg	$3K	$4K	5x
Hyperliquid TAO	+0.0804%	1h	314.15	−0.229%	$91.8M	$108.9M	5x	as long as short
Lighter TAO	+0.0816%	1h	314.16	−0.225%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0824%	1h	314.13	−0.235%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.16	+0.092%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.51	−0.113%	$455K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.464%	$23K	$2K	12x	as long as short