TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h −0.077%

Price spread now: Deribit against 01 Exchange+0.112%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 Deribit

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 +$3 a day on $10k at the current rate, and Deribit is 0.112% dearer against 01 Exchange than usual: you sell high and buy low: +$11 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	320.06	0.0640	pay 0.0080% / 1h	45m 21s	$3K	$4K	5x
Short	Deribit TAO_USDC-PERPETUAL	320.42	0.0726	get 0.0091% / 1h	45m 21s	$14K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.112%Rate

Funding earned: $18.06
Price spread: +0.112% → 0.000%: $11.22
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $15.28
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage unknown: 01 Exchange: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago	5.15 bp	8.6 bp −$9	15.4 bp −$154	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	−0.2101%	1h	320.87	+0.253%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.83	−0.384%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.12	+0.017%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.92	−0.044%	$41K	$695K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.40	+0.106%	$26.5M	$129.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.20	+0.044%	$14.2M	$51.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.17	+0.034%	$17.5M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.16	+0.031%	$36.0M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.44	+0.119%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.11	+0.016%	$76K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.12	+0.019%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.10	−0.300%	$117K	$588K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.21	+0.047%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	319.78	−0.087%	$1K	$992K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.29	+0.072%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	320.13	+0.022%	$433K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	320.53	+0.147%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0150%	4h	320.43	+0.116%	$92.8M	$527.0M	75x	as long as short
MEXC TAO_USDT	+0.0152%	4h	320.54	+0.150%	$105.2M	$149.5M	300x	as long as short
edgeX TAOUSDC	+0.0153%	4h	320.18	+0.038%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0261%	8h	319.42	−0.199%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0306%	4h	320.19	+0.042%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	320.45	+0.122%	—	$34.4M	—	as long as short
Bullet TAO-USD	+0.0390%	1h	320.60	+0.169%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0390%	4h	320.36	+0.094%	$4.7M	$11.1M	100x	as long as short
Bybit TAOUSDT	+0.0400%	4h	320.57	+0.159%	$70.0M	$155.8M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.77	−0.090%	$544K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	320.41	+0.110%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.45	−0.191%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.219%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.075%	$319K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0600%	1h	319.26	−0.250%	$300K	$908K	10x	as long as short
01 Exchange TAOUSDlong	+0.0640%	1h	320.06	long leg	$3K	$4K	5x
Arcus TAO-USD	+0.0641%	1h	320.27	+0.066%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0642%	1h	320.20	+0.043%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0664%	1h	320.51	+0.141%	$94.7M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.36	+0.094%	$368	—	20x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0726%	1h	320.42	+0.112%	$14K	$1.9M	25x
Lighter TAO	+0.0840%	1h	320.60	+0.170%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.58	+0.162%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.77	−0.090%	$462K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1152%	1h	320.55	+0.153%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.559%	$24K	$2K	12x	as long as short