TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h −0.009%

Price spread now: Kraken Futures against 01 Exchange−0.108%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 Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.108% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.9 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	318.58	0.0656	pay 0.0082% / 1h	16m 38s	$3K	$4K	5x
Short	Kraken Futures PF_TAOUSD	318.23	0.0782	get 0.0098% / 1h	16m 38s	$6.1M	$21.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.108%Rate

Funding earned: $26.5
Price spread: −0.108% → 0.000%: −$10.84
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1.34
Costs to cover: 0.170%
Break-even: 7.4 days

Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	7.22 bp	12.4 bp −$12	28.2 bp −$282	96.4 bp −$9,637	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	−0.0269%	1h	313.94	−1.456%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	317.83	−0.237%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.91	−0.210%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.66	+0.025%	$69.7M	$154.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	−0.025%	$26.5M	$129.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.40	−0.057%	$15.1M	$50.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.56	−0.006%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.39	−0.060%	$35.9M	$56.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.68	−0.283%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.99	−0.185%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.78	−0.251%	$115K	$573K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.98	−0.188%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.08	−0.157%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0123%	8h	318.37	−0.066%	$651	$1.2M	5x	as long as short
MEXC TAO_USDT	+0.0164%	4h	318.57	−0.003%	$111.2M	$153.9M	300x	as long as short
Binance TAOUSDT	+0.0165%	4h	318.54	−0.013%	$92.8M	$519.4M	75x	as long as short
edgeX TAOUSDC	+0.0166%	4h	319.20	+0.193%	$42K	$322K	10x	as long as short
BingX TAO-USDT	+0.0166%	4h	318.54	−0.013%	—	$38.8M	—	as long as short
Orderly PERP_TAO_USDC	+0.0238%	4h	318.21	−0.116%	$54K	$272K	10x	as long as short
Paradex TAO-USD-PERP	+0.0242%	8h	318.50	−0.024%	$14K	$876	10x	as long as short
ApeX Omni TAOUSDT	+0.0293%	1h	319.06	+0.151%	$45K	$254K	50x	as long as short
Bullet TAO-USD	+0.0299%	1h	318.15	−0.134%	$12K	$17K	20x	as long as short
dYdX TAO-USD	+0.0304%	1h	317.62	−0.301%	$128K	$87K	5x	as long as short
Aster TAOUSDT	+0.0332%	4h	318.51	−0.022%	$1.3M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0342%	4h	318.82	+0.076%	$540K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	318.59	+0.003%	$362K	$437K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0109%	1h	317.85	−0.229%	$377K	—	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.89	+0.097%	$101K	$340K	5x	as long as short
BloFin TAO-USDT	+0.0405%	4h	318.17	−0.129%	$4.7M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0432%	1h	318.54	−0.012%	$888K	$2.2M	25x	as long as short
Nado TAO-PERP	+0.0462%	1h	318.05	−0.166%	$771K	$1.9M	10x	as long as short
Phoenix TAO	+0.0578%	1h	319.00	+0.132%	$321K	$714K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0581%	1h	318.17	−0.130%	$9K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0600%	1h	318.78	+0.063%	$94.7M	$109.4M	5x	as long as short
Variational Omni TAO	+0.0616%	4h	319.30	+0.226%	$5.6M	$10.0M	—	as long as short
Lighter TAO	+0.0656%	1h	318.82	+0.075%	$1.6M	$6.7M	5x	as long as short
01 Exchange TAOUSDlong	+0.0656%	1h	318.58	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0699%	1h	317.89	−0.217%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0742%	1h	318.20	−0.119%	$315K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0782%	1h	318.23	−0.108%	$6.1M	$21.2M	50x
RISEx TAO/USDC	+0.0840%	1h	318.19	−0.123%	$452K	$706K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.66	+0.339%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.254%	$23K	$2K	12x	as long as short