TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0364%/8h= +39.8% APRnext payment +$0.45 per $10,000 · paid last 24h +0.182%

Price spread now: Reya against Deribit+0.059%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and Reya is 0.059% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	316.72	0.0332	pay 0.0041% / 1h	4m 45s	$15K	$1.6M	25x
Short	Reya TAORUSDPERP	316.91	0.0696	get 0.0087% / 1h	4m 45s	$364	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now +0.059%Rate

Funding earned: $76.42
Price spread: +0.059% → 0.000%: $5.95
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $69.37
Costs to cover: 0.130%
Break-even: 0.6 days

Slippage unknown: Deribit: live order book, 4 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 Deribit live order book, 4 min ago	3.65 bp	10.6 bp −$11	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 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-USD	−0.0185%	1h	315.28	−0.456%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.87	+0.047%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.53	−0.062%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.94	+0.068%	$44K	$644K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.13	+0.128%	$91.5M	$467.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	+0.150%	$26.3M	$114.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	+0.024%	$12.9M	$50.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.97	+0.078%	$114.1M	$140.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.75	+0.008%	$18.0M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.89	+0.052%	$35.4M	$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	−0.110%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.95	+0.071%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.63	−0.030%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.37	−0.112%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.80	+0.024%	$129K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.50	−0.071%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.96	+0.076%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	316.55	−0.055%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	−0.140%	$47K	$253K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0102%	1h	316.68	−0.013%	$431K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.68	−0.013%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0188%	4h	314.95	−0.562%	$519K	$957K	10x	as long as short
Bullet TAO-USD	+0.0239%	1h	317.00	+0.087%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0272%	4h	316.78	+0.017%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.03	+0.098%	$369K	$396K	10x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0332%	1h	316.72	long leg	$15K	$1.6M	25x
Arcus TAO-USD	+0.0337%	1h	317.21	+0.153%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0368%	8h	317.08	+0.112%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.423%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0530%	1h	316.79	+0.021%	$757K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.80	−0.292%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	316.96	+0.074%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPshort	+0.0696%	1h	316.91	+0.059%	$364	—	20x
BingX TAO-USDT	+0.0768%	4h	317.13	+0.128%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0773%	4h	317.29	+0.179%	$67.3M	$138.2M	50x	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	−0.058%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0920%	1h	316.94	+0.069%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0925%	1h	316.87	+0.046%	$320K	$807K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.17	+0.141%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	316.74	+0.005%	$449K	$623K	5x	as long as short
Hyperliquid TAO	+0.1348%	1h	317.44	+0.226%	$99.9M	$97.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	317.14	+0.133%	$1.6M	$6.1M	5x	as long as short