TAO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.022%

7d average—if it closes, per $10,000$2funding while held, a day+$13.05

Long on 01 Exchange Short on Hyperliquid

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	286.86	0.0320	pay 0.0040% / 1h	55m 29s	$3K	$4K	5x
Short	Hyperliquid TAO	286.80	0.0755	get 0.0094% / 1h	55m 29s	$79.4M	$53.4M	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee 01 ExchangebpFee HyperliquidbpOrdersClose when spread is

Spread captured: −$2.23
Funding while held: $13.05
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.19
Spread needed to break even: 0.160%

Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 10 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.0435%
Per $10,000 a day: +$13.05
Average in range /8h: —

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 Hyperliquid live order book, 10 min ago	0.17 bp	6.0 bp −$6	doesn't fit	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 price on every exchange

against the cheapest. Click to use as the short leg.

SunX285.40cheapest Bulk285.42+0.007%HTX285.42+0.007%Phemex285.45+0.018%Nado285.50+0.034%ApeX Omni285.55+0.053%Deribit285.56+0.055%Variational Omni285.58+0.063%Aevo285.58+0.063%Kraken Futures285.60+0.072%edgeX285.62+0.079%BloFin285.70+0.105%Backpack285.88+0.168%Phoenix285.90+0.175%Bitget286.15+0.263%OKX286.30+0.315%MEXC286.32+0.322%Reya286.32+0.323%Paradex286.37+0.341%KuCoin286.39+0.347%Polymarket Perps286.40+0.350%Bullet286.45+0.367%BingX286.48+0.378%Gate286.50+0.385%dYdX286.50+0.386%Pacifica286.52+0.394%Binance286.53+0.395%Extended286.57+0.410%Popdex286.58+0.413%Aster286.60+0.420%Orderly286.63+0.431%GMX286.64+0.434%Coinbase International286.64+0.434%gTrade (Gains Network)286.68+0.447%Lighter286.74+0.468%Bybit286.75+0.473%Arcus286.75+0.473%RISEx286.76+0.477%

Hyperliquid286.80+0.489%

01 Exchange286.86+0.512%

Katana Perps286.88+0.519%Injective289.33+1.377%

TAO on 42 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX TAO-USDT	−0.509%	+0.0100%	4h	$2K	$1.6M	20x	as long as short
Bulk TAO-USD	−0.502%	−0.1108%	1h	$184K	$38K	10x	as long as short
HTX TAO-USDT	−0.502%	+0.0100%	4h	$117K	$300K	20x	as long as short
Phemex TAOUSDT	−0.492%	+0.0100%	4h	$3.0M	$7.5M	50x	as long as short
Nado TAO-PERP	−0.475%	+0.0109%	1h	$1.0M	$1.2M	10x	as long as short
ApeX Omni TAOUSDT	−0.457%	+0.0100%	1h	$43K	$266K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	−0.454%	+0.0038%	1h	$34K	$944K	25x	as long as short
Variational Omni TAO	−0.446%	+0.0100%	4h	$2.8M	$5.0M	—	as long as short
Aevo TAO-PERP	−0.446%	+0.0104%	1h	$157K	$998	3x	as long as short
Kraken Futures PF_TAOUSD	−0.438%	−0.0163%	1h	$5.2M	$13.1M	50x	as long as short

Show all 42 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX TAOUSDC	−0.431%	+0.0100%	4h	$37K	$270K	10x	as long as short
BloFin TAO-USDT	−0.404%	+0.0340%	4h	$3.9M	$6.9M	100x	as long as short
Backpack TAO_USDC_PERP	−0.342%	+0.0473%	1h	$400K	$499K	10x	as long as short
Phoenix TAO	−0.335%	+0.0336%	1h	$305K	$158K	5x	as long as short
Bitget TAOUSDT	−0.248%	+0.0100%	4h	$32.2M	$35.9M	50x	as long as short
OKX TAO-USDT-SWAP	−0.195%	+0.0100%	8h	$23.1M	$68.4M	50x	as long as short
MEXC TAO_USDT	−0.188%	+0.0100%	4h	$104.7M	$100.9M	300x	as long as short
Reya TAORUSDPERP	−0.188%	+0.0693%	1h	$329	—	20x	as long as short
Paradex TAO-USD-PERP	−0.170%	+0.0101%	8h	$13K	$376	10x	as long as short
KuCoin TAOUSDTM	−0.164%	+0.0100%	4h	$17.0M	$19.5M	75x	as long as short
Polymarket Perps TAO-USD	−0.160%	+0.0100%	1h	$82K	$536K	5x	as long as short
Bullet TAO-USD	−0.144%	+0.0100%	1h	$11K	$18K	20x	as long as short
BingX TAO-USDT	−0.132%	+0.0100%	4h	—	$29.0M	—	as long as short
Gate TAO_USDT	−0.125%	+0.0100%	4h	$11.4M	$43.5M	50x	as long as short
dYdX TAO-USD	−0.124%	0.0000%	1h	$73K	$35K	5x	as long as short
Pacifica TAO	−0.117%	+0.0100%	1h	$332K	$370K	10x	as long as short
Binance TAOUSDT	−0.116%	+0.0100%	4h	$76.9M	$323.4M	75x	as long as short
Extended TAO-USD	−0.101%	+0.0104%	1h	$758K	$1.3M	25x	as long as short
Popdex TAOUSDT	−0.098%	+0.0096%	1h	$43K	$454K	20x	as long as short
Aster TAOUSDT	−0.091%	+0.0100%	4h	$1.6M	$4.7M	50x	as long as short
Orderly PERP_TAO_USDC	−0.080%	+0.0100%	4h	$56K	$195K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	−0.077%	L +0.0480% / S −0.0199%	1h	$436K	—	100x	as long as short
Coinbase International TAO-PERP-INTX	−0.077%	+0.0872%	1h	$1.4M	$3.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	−0.064%	L +0.0004% / S −0.0011%	1h	$37K	—	150x	as long as short
Lighter TAO	−0.043%	+0.0096%	1h	$1.3M	$2.2M	5x	as long as short
Bybit TAOUSDT	−0.038%	+0.0100%	4h	$49.7M	$84.4M	50x	as long as short
Arcus TAO-USD	−0.038%	+0.0100%	1h	$125K	$579K	5x	as long as short
RISEx TAO/USDC	−0.035%	+0.0478%	1h	$320K	$443K	5x	as long as short
Hyperliquid TAOshort	−0.022%	+0.0755%	1h	$79.4M	$53.4M	5x
01 Exchange TAOUSDlong	0.000%	+0.0320%	1h	$3K	$4K	5x
Katana Perps TAO-USD	+0.007%	+0.0100%	8h	$1K	$309K	5x	as long as short
Injective TAO/USDC PERP	+0.861%	+0.2947%	1h	$21K	$39K	12x	as long as short