TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0444%/8h= +48.7% APRnext payment +$0.56 per $10,000 · paid last 24h +0.492%

Price spread now: Reya against Bulk−0.089%7-day average — · you buy dearer than you sell

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

Long on Bulk 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

Funding pays, the price is against you. Reya is 0.089% cheaper against Bulk than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 16 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	Bulk TAO-USD	311.89	0.0253	pay 0.0032% / 1h	54m 13s	$166K	$333	10x
Short	Reya TAORUSDPERP	311.61	0.0697	get 0.0087% / 1h	54m 13s	$358	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bulk. 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 BulkbpFee ReyabpOrdersPrice spread, now −0.089%Rate

Funding earned: $93.31
Price spread: −0.089% → 0.000%: −$8.94
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $71.37
Costs to cover: 0.130%
Break-even: 1.6 days

Slippage unknown: Bulk: live order book, 60 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 Bulk live order book, 60 min ago	2.39 bp	6.1 bp −$6	14.0 bp −$140	32.8 bp −$3,278	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	311.20	−0.221%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.55	−0.109%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.30	−0.189%	$2K	$869K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.85	−0.013%	$89.1M	$504.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.003%	$26.1M	$121.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.40	−0.157%	$13.4M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.83	−0.019%	$103.8M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.86	−0.010%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.54	−0.112%	$35.1M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.84	+0.305%	$41K	$313K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	311.39	−0.160%	$81K	$907K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.41	−0.154%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.22	−0.215%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.85	−0.013%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	311.89	0.000%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0132%	4h	311.85	−0.014%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0136%	1h	311.44	−0.143%	$417K	—	100x	as long as short
Popdex TAOUSDT	+0.0192%	1h	311.52	−0.119%	$48K	$662K	20x	as long as short
Paradex TAO-USD-PERP	+0.0203%	8h	311.39	−0.161%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0204%	4h	313.11	+0.390%	$532K	$942K	10x	as long as short
Pacifica TAO	+0.0233%	1h	311.51	−0.122%	$355K	$419K	10x	as long as short
Bulk TAO-USDlong	+0.0253%	1h	311.89	long leg	$166K	$333	10x
Kraken Futures PF_TAOUSD	+0.0306%	1h	311.74	−0.046%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0314%	1h	311.86	−0.010%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.87	−0.006%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0348%	4h	311.84	−0.016%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0358%	4h	311.92	+0.010%	$67.5M	$151.2M	50x	as long as short
Extended TAO-USD	+0.0368%	1h	311.78	−0.036%	$903K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0371%	4h	312.91	+0.327%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0384%	1h	311.45	−0.142%	$774K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0418%	1h	311.84	−0.015%	$11K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	312.80	+0.292%	$311K	$713K	5x	as long as short
Arcus TAO-USD	+0.0483%	1h	311.82	−0.022%	$100K	$370K	5x	as long as short
Phemex TAOUSDT	+0.0561%	4h	311.96	+0.023%	$3.1M	$7.9M	50x	as long as short
Hyperliquid TAO	+0.0650%	1h	311.80	−0.029%	$91.2M	$108.2M	5x	as long as short
Reya TAORUSDPERPshort	+0.0697%	1h	311.61	−0.089%	$358	—	20x
Lighter TAO	+0.0760%	1h	312.07	+0.059%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	311.64	−0.080%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0826%	1h	311.90	+0.003%	$310K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	312.88	+0.318%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	311.43	−0.146%	$445K	$649K	5x	as long as short
ApeX Omni TAOUSDT	+0.1940%	1h	312.51	+0.199%	$46K	$254K	50x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	315.73	+1.231%	$23K	$2K	12x	as long as short