TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0436%/8h= +47.7% APRnext payment +$0.54 per $10,000 · paid last 24h +0.159%

Price spread now: RISEx against Arcus−0.079%7-day average −0.057% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.473%+$47 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.079%, 7d avg −0.057%

Together, before fees+0.536%+$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.022% cheaper against Arcus than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.057%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	317.47	0.0641	pay 0.0080% / 1h	2m 24s	$102K	$389K	5x
Short	RISEx TAO/USDC	317.22	0.1077	get 0.0135% / 1h	2m 24s	$437K	$678K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.079%Rate

Funding earned: $91.47
Price spread: −0.079% → −0.057%: −$2.19
Slippage, 4 orders: −$22.03
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $56.74
Costs to cover: 0.325%
Break-even: 2.7 days

Slippage from Arcus: live order book, 41 min ago; RISEx: live order book, 41 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 Arcus live order book, 41 min ago	3.28 bp	9.6 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell RISEx live order book, 41 min ago	1.09 bp	4.1 bp −$4	25.6 bp −$256	doesn't fit	doesn't fit

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	−0.0237%	1h	320.94	+1.093%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.41	−0.334%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.52	−0.300%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.23	−0.076%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	−0.211%	$26.5M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	−0.211%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.87	−0.189%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.63	−0.265%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.23	+0.554%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.87	−0.189%	$84K	$1.2M	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	317.21	−0.082%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.99	−0.151%	$115K	$600K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.23	−0.076%	$720	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0154%	1h	316.57	−0.283%	$423K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.47	+0.002%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	317.31	−0.050%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	317.00	−0.148%	$107.1M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0178%	4h	317.19	−0.087%	$92.1M	$528.8M	75x	as long as short
edgeX TAOUSDC	+0.0186%	4h	319.32	+0.583%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	317.11	−0.114%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0256%	4h	316.88	−0.186%	—	$36.5M	—	as long as short
Bybit TAOUSDT	+0.0256%	4h	317.18	−0.091%	$69.5M	$156.0M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	316.96	−0.160%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0338%	4h	317.27	−0.062%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0344%	1h	317.13	−0.106%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0356%	4h	318.52	+0.330%	$543K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0418%	4h	317.35	−0.038%	$4.7M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0478%	1h	317.35	−0.038%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.699%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0515%	1h	317.07	−0.127%	$786K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.01	−0.144%	$360K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	318.10	+0.198%	$317K	$709K	5x	as long as short
Lighter TAO	+0.0576%	1h	316.75	−0.227%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0583%	1h	317.13	−0.107%	$93.8M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.37	−0.031%	$3K	$4K	5x	as long as short
Phemex TAOUSDT	+0.0611%	4h	317.42	−0.016%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USDlong	+0.0641%	1h	317.47	long leg	$102K	$389K	5x
Backpack TAO_USDC_PERP	+0.0668%	1h	316.96	−0.161%	$295K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.96	−0.162%	$364	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+0.926%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDCshort	+0.1077%	1h	317.22	−0.079%	$437K	$678K	5x
Kraken Futures PF_TAOUSD	+0.1163%	1h	317.52	+0.015%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.906%	$24K	$2K	12x	as long as short