TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1318%/8h= +144.3% APRnext payment +$1.65 per $10,000 · paid last 24h +0.444%

Price spread now: RISEx against Bulk+1.151%7-day average +0.114% · 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+$87as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Bulk Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.796%+$80 on $10k

Price spread, last 4 days (all we have)−0.977%−$98 · spread now +1.151%, 7d avg +0.114%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and RISEx is 1.038% dearer against Bulk than usual: you sell high and buy low: +$104 more if the spread goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	315.28	−0.0185	get 0.0023% / 1h	3m 23s	$167K	$40K	10x
Short	RISEx TAO/USDC	318.91	0.1132	get 0.0142% / 1h	3m 23s	$450K	$625K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +1.151%Rate

Funding earned: $276.74
Price spread: +1.151% → +0.114%: $103.78
Slippage, 4 orders: −$4.24
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $363.29
Costs to cover: 0.172%
Break-even: from the start

Slippage from Bulk: live order book, just now; RISEx: live order book, 65 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 Bulk live order book, just now	0.16 bp	4.7 bp −$5	8.2 bp −$82	15.3 bp −$1,526	doesn't fit
Sell RISEx live order book, 65 min ago	1.26 bp	4.3 bp −$4	27.3 bp −$273	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-USDlong	−0.0185%	1h	315.28	long leg	$167K	$40K	10x
dYdX TAO-USD	0.0000%	1h	318.58	+1.047%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.10	+0.894%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.88	+1.142%	$44K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.37	+0.981%	$91.8M	$466.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	+1.021%	$26.4M	$115.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.20	+0.926%	$13.0M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.25	+0.942%	$114.9M	$140.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.90	+1.148%	$18.2M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.14	+0.907%	$35.5M	$53.4M	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	316.38	+0.348%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.90	+1.148%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.45	+1.005%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.81	+0.485%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.22	+0.615%	$130K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.29	+0.638%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.66	+1.073%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	318.76	+1.104%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	+0.317%	$47K	$253K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0103%	1h	317.96	+0.850%	$433K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	317.16	+0.598%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	316.84	+0.495%	$527K	$957K	10x	as long as short
Bullet TAO-USD	+0.0230%	1h	318.27	+0.948%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0273%	4h	318.33	+0.966%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	318.87	+1.140%	$371K	$396K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	319.08	+1.205%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0363%	8h	318.79	+1.114%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0410%	1h	317.08	+0.571%	$15K	$1.6M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.887%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0521%	1h	318.73	+1.095%	$761K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.40	+0.672%	$333K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	319.20	+1.243%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.37	+0.980%	$366	—	20x	as long as short
Bybit TAOUSDT	+0.0739%	4h	318.68	+1.078%	$67.6M	$138.1M	50x	as long as short
BingX TAO-USDT	+0.0768%	4h	318.22	+0.933%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	+0.400%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0904%	1h	318.72	+1.091%	$906K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0923%	1h	317.81	+0.802%	$321K	$807K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.87	+0.821%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDCshort	+0.1132%	1h	318.91	+1.151%	$450K	$625K	5x
Hyperliquid TAO	+0.1350%	1h	318.78	+1.110%	$100.3M	$97.2M	5x	as long as short
Lighter TAO	+0.1384%	1h	318.94	+1.162%	$1.7M	$6.1M	5x	as long as short