TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.147%

Price spread now: Reya against Arcus−0.059%7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.059% cheaper against Arcus than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 16 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	317.05	0.0404	pay 0.0051% / 1h	46m 18s	$100K	$377K	5x
Short	Reya TAORUSDPERP	316.86	0.0698	get 0.0087% / 1h	46m 18s	$364	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Arcus. 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 ArcusbpFee ReyabpOrdersPrice spread, now −0.059%Rate

Funding earned: $61.8
Price spread: −0.059% → 0.000%: −$5.94
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Reya: 3 bp × 2 orders: −$6
Net: $45.36
Costs to cover: 0.105%
Break-even: 1.9 days

Slippage unknown: Arcus: live order book, 52 min ago; Reya: no order-book sample. 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 Arcus live order book, 52 min ago	9.78 bp	13.1 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0005%	1h	316.60	−0.141%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0066%	1h	316.46	−0.187%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.86	−0.060%	$50K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.69	−0.114%	$919	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	−0.079%	$26.4M	$131.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.110%	$14.9M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.63	−0.132%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.51	−0.170%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.92	−0.041%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.94	−0.035%	$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	316.41	−0.202%	$116K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.55	−0.158%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.98	−0.021%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	316.91	−0.044%	$104.4M	$151.6M	300x	as long as short
edgeX TAOUSDC	+0.0164%	4h	316.63	−0.131%	$42K	$321K	10x	as long as short
Binance TAOUSDT	+0.0165%	4h	316.90	−0.046%	$92.7M	$531.9M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0206%	4h	316.80	−0.079%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0225%	1h	316.59	−0.145%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0228%	4h	316.92	−0.042%	$542K	$887K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	−0.271%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.91	−0.045%	$14K	$876	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0289%	1h	316.57	−0.150%	$15K	$1.9M	25x	as long as short
ApeX Omni TAOUSDT	+0.0294%	1h	316.58	−0.148%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0326%	4h	316.96	−0.028%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.87	−0.058%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0362% / S −0.0107%	1h	316.59	−0.145%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0376%	1h	316.71	−0.108%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	316.72	−0.104%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USDlong	+0.0404%	1h	317.05	long leg	$100K	$377K	5x
Bybit TAOUSDT	+0.0481%	4h	316.94	−0.035%	$69.8M	$156.2M	50x	as long as short
Hyperliquid TAO	+0.0522%	1h	316.92	−0.041%	$93.4M	$110.1M	5x	as long as short
BingX TAO-USDT	+0.0568%	4h	316.84	−0.066%	—	$37.4M	—	as long as short
Nado TAO-PERP	+0.0569%	1h	316.80	−0.078%	$769K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.457%	$317K	$714K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.330%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0616%	1h	317.23	+0.057%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0640%	1h	316.88	−0.055%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	316.86	−0.059%	$364	—	20x
Kraken Futures PF_TAOUSD	+0.0786%	1h	316.62	−0.135%	$6.0M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0786%	1h	316.79	−0.082%	$317K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.82	−0.074%	$446K	$673K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.98	−0.022%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+0.729%	$23K	$2K	12x	as long as short