TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0613%/8h= −67.2% APRnext payment −$0.77 per $10,000 · paid last 24h +0.158%

Price spread now: Reya against Backpack−0.081%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Reya is 0.081% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack TAO_USDC_PERP	307.66	0.1308	pay 0.0163% / 1h	31m 37s	$471K	$682K	10x
Short	Reya TAORUSDPERP	307.41	0.0694	get 0.0087% / 1h	31m 37s	$354	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.081%Rate

Funding earned: −$128.83
Price spread: −0.081% → 0.000%: −$8.15
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$152.98
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 57 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 Backpack live order book, 57 min ago	0.64 bp	21.1 bp −$21	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	307.10	−0.182%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.67	+0.002%	$20K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0022%	1h	307.81	+0.050%	$14K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.23	−0.140%	$42K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.38	−0.091%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.25	−0.133%	$86.0M	$402.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.35	−0.101%	$59.1M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.30	−0.117%	$25.1M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.44	−0.072%	$136K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	−0.192%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.10	−0.182%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.21	−0.146%	$113.5M	$122.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.26	−0.130%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.26	−0.130%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.18	−0.156%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.615%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.38	−0.091%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	−0.116%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.14	−0.169%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.84	+0.059%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.70	+0.013%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.62	−0.013%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.48	−0.059%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.41	−0.081%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.92	+0.085%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.39	−0.088%	$2K	$430K	5x	as long as short
Polymarket Perps TAO-USD	+0.0116%	1h	307.56	−0.033%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0163%	4h	307.28	−0.124%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	307.35	−0.101%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.66	+0.002%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.208%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0283%	1h	307.42	−0.079%	$846K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.18	−0.156%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.53	−0.042%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPshort	+0.0694%	1h	307.41	−0.081%	$354	—	20x
Extended TAO-USD	+0.0696%	1h	307.11	−0.179%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	307.75	+0.028%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+0.257%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.97	+0.100%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.36	−0.097%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERPlong	+0.1308%	1h	307.66	long leg	$471K	$682K	10x
Hyperliquid TAO	+0.1682%	1h	307.80	+0.046%	$94.0M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.312%	$22K	$138	12x	as long as short