TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1055%/8h= +115.5% APRnext payment +$1.32 per $10,000 · paid last 24h +0.124%

Price spread now: RISEx against Aevo+0.099%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2262.261% of the position

Long on Aevo Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.442%+$44 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.099%, 7d avg −0.024%

Together, before fees+0.339%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and RISEx is 0.123% dearer against Aevo than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	315.48	0.0104	pay 0.0013% / 1h	58m 06s	$173K	$998	3x
Short	RISEx TAO/USDC	315.79	0.1159	get 0.0145% / 1h	58m 06s	$446K	$626K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aevo. 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 AevobpFee RISExbpOrdersPrice spread, now +0.099%Rate

Funding earned: $221.47
Price spread: +0.099% → −0.024%: $12.29
Slippage, 4 orders: −$204.05
Fee Aevo: 8 bp × 2 orders: −$16
Fee RISEx: 3 bp × 2 orders: −$6
Net: $7.71
Costs to cover: 2.261%
Break-even: 6.8 days

Slippage from Aevo: live order book, 6 min ago; RISEx: live order book, 5 min ago.

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 Aevo live order book, 6 min ago	80.37 bp	106.9 bp −$107	640.0 bp −$6,400	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	3.45 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−0.063%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.29	+0.257%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.23	−0.080%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.79	+0.098%	$45K	$643K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.66	−0.260%	$90.9M	$466.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.311%	$26.1M	$113.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.374%	$12.8M	$48.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.80	−0.216%	$103.3M	$137.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.76	−0.228%	$17.8M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.37	−0.352%	$35.1M	$53.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.02	+0.488%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.87	+0.124%	$75K	$721K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.35	−0.041%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.44	−0.013%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	−0.231%	$129K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.74	−0.235%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	315.48	long leg	$173K	$998	3x
Katana Perps TAO-USD	+0.0114%	8h	315.66	+0.057%	$1K	$728K	5x	as long as short
ApeX Omni TAOUSDT	+0.0164%	1h	316.78	+0.412%	$47K	$252K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	315.19	−0.093%	$428K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0198%	4h	317.41	+0.612%	$528K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.04	−0.141%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0281%	4h	315.09	−0.123%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0332%	1h	315.61	+0.041%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0350%	8h	316.35	+0.276%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0368%	1h	315.23	−0.079%	$14K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	316.00	+0.165%	$373K	$393K	10x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.03	+0.174%	$100K	$489K	5x	as long as short
Phoenix TAO	+0.0588%	1h	318.30	+0.894%	$334K	$672K	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.97	+0.155%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.62	+0.045%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0720%	4h	314.63	−0.269%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0722%	4h	314.61	−0.276%	$66.8M	$138.1M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0725%	1h	314.92	−0.178%	$318K	$802K	10x	as long as short
Variational Omni TAO	+0.0848%	4h	316.96	+0.469%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0888%	1h	314.52	−0.304%	$891K	$2.3M	25x	as long as short
Nado TAO-PERP	+0.0904%	1h	315.69	+0.067%	$756K	$2.1M	10x	as long as short
Lighter TAO	+0.0928%	1h	315.59	+0.035%	$1.6M	$6.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.13	+0.523%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDCshort	+0.1159%	1h	315.79	+0.099%	$446K	$626K	5x
Hyperliquid TAO	+0.1189%	1h	315.01	−0.149%	$99.2M	$97.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.731%	$23K	$2K	12x	as long as short