TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0904%/8h= +98.9% APRnext payment +$1.13 per $10,000 · paid last 24h +0.125%

Price spread now: RISEx against Bullet−0.248%48s7-day average — · you buy dearer than you sell

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

Long on Bullet Short on RISEx

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—needs both histories

Funding pays, the price is against you. RISEx is 0.248% cheaper against Bullet than usual: you would sell low and buy high (spread −0.248% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 22 hours of funding at the current rate (+$27 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	307.93	0.0229	pay 0.0029% / 1h	40m 33s	$12K	$17K	20x
Short	RISEx TAO/USDC	307.17	0.1132	get 0.0142% / 1h	40m 33s	$409K	$604K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bullet. 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 BulletbpFee RISExbpOrdersPrice spread, now −0.248%Rate

Funding earned: $189.75
Price spread: −0.248% → 0.000%: −$24.84
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $150.91
Costs to cover: 0.140%
Break-even: 1.4 days

Slippage unknown: Bullet: no order-book sample; RISEx: live order book, 28 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell RISEx live order book, 28 min ago	1.26 bp	4.3 bp −$4	27.3 bp −$273	doesn't fit	doesn't fit

Bullet: 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	307.32	−0.197%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.63	−0.097%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.80	−0.367%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.89	−0.339%	$88.5M	$460.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.50	−0.464%	$25.1M	$107.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.20	−0.237%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.32	−0.198%	$102.4M	$137.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.29	−0.208%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.11	−0.266%	$34.3M	$52.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.395%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	+0.355%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.383%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.00	+0.023%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.79	−0.045%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.15	−0.253%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.01	+0.026%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	307.02	−0.296%	$688	$680K	5x	as long as short
Aster TAOUSDT	+0.0170%	4h	307.31	−0.201%	$1.2M	$9.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0099%	1h	307.65	−0.091%	$417K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	307.96	+0.010%	$5.5M	$20.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	307.94	+0.003%	$15K	$1.5M	25x	as long as short
Bullet TAO-USDlong	+0.0229%	1h	307.93	long leg	$12K	$17K	20x
Polymarket Perps TAO-USD	+0.0240%	1h	308.16	+0.075%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	307.24	−0.225%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	307.43	−0.162%	$363K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	307.49	−0.143%	$81K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+1.049%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.501%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0555%	4h	307.99	+0.019%	$3.3M	$8.0M	50x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.283%	$323K	$681K	5x	as long as short
Nado TAO-PERP	+0.0591%	1h	306.54	−0.452%	$746K	$2.1M	10x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	307.16	−0.250%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.09	+0.053%	$354	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	+0.071%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	307.31	−0.201%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0774%	4h	306.53	−0.455%	$62.6M	$135.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0855%	1h	308.38	+0.146%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0968%	1h	307.18	−0.243%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	+0.071%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDCshort	+0.1132%	1h	307.17	−0.248%	$409K	$604K	5x
Hyperliquid TAO	+0.1250%	1h	308.17	+0.076%	$97.6M	$93.2M	5x	as long as short
Lighter TAO	+0.1384%	1h	307.78	−0.049%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.452%	$166K	$40K	10x	as long as short