TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.124%

Price spread now: RISEx against Coinbase International+0.018%7-day average −0.168% · 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−$22as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.018%, 7d avg −0.168%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.186% dearer against Coinbase International than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	309.87	0.0960	pay 0.0120% / 1h	3m 21s	$1.5M	$5.5M	50x
Short	RISEx TAO/USDC	309.93	0.1053	get 0.0132% / 1h	3m 21s	$417K	$543K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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 Coinbase InternationalbpFee RISExbpOrdersPrice spread, now +0.018%Rate

Funding earned: $19.53
Price spread: +0.018% → −0.168%: $18.62
Slippage, 4 orders: −$24.91
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$2.75
Costs to cover: 0.409%
Break-even: 8.0 days

Slippage from Coinbase International: live order book, 1 min ago; RISEx: live order book, 20 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 Coinbase International live order book, 1 min ago	7.59 bp	15.2 bp −$15	19.5 bp −$195	doesn't fit	doesn't fit
Sell RISEx live order book, 20 min ago	0.65 bp	7.5 bp −$8	32.6 bp −$326	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	−0.0601%	1h	309.73	−0.045%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.61	−0.407%	$130K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	309.47	−0.130%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.80	−0.023%	$44K	$529K	20x	as long as short
Pacifica TAO	+0.0100%	1h	309.07	−0.257%	$365K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.52	−0.114%	$86.9M	$406.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.58	−0.094%	$60.2M	$119.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.50	−0.119%	$25.4M	$94.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	309.97	+0.032%	$138K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.60	−0.087%	$12.3M	$48.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	309.70	−0.055%	$120.0M	$126.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	309.53	−0.110%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.18	−0.223%	$34.5M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	309.66	−0.068%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	−0.458%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.24	−0.526%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	−0.388%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	−0.503%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	309.84	−0.010%	$78K	$657K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	309.70	−0.055%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.41	−0.148%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.73	−0.368%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.89	−0.316%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.79	−0.349%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.52	−0.111%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	309.64	−0.074%	$634	$466K	5x	as long as short
Aster TAOUSDT	+0.0156%	4h	309.62	−0.081%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	309.29	−0.188%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	−0.248%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0298%	1h	309.74	−0.041%	$855K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0300%	1h	308.88	−0.321%	$11K	$1.3M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	−0.481%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0487% / S −0.0184%	1h	309.42	−0.145%	$454K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	310.17	+0.097%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	309.75	−0.039%	$356	—	20x	as long as short
Extended TAO-USD	+0.0800%	1h	309.71	−0.053%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0892%	1h	309.57	−0.097%	$385K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0960%	1h	309.87	long leg	$1.5M	$5.5M	50x
Lighter TAO	+0.0984%	1h	309.14	−0.236%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1020%	1h	309.06	−0.260%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDCshort	+0.1053%	1h	309.93	+0.018%	$417K	$543K	5x
Hyperliquid TAO	+0.1871%	1h	310.42	+0.177%	$97.3M	$77.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	−0.368%	$22K	$271	12x	as long as short