TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0320%/8h= +35.0% APRnext payment +$0.40 per $10,000 · paid last 24h +0.152%

Price spread now: RISEx against Deribit−0.061%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.499%+$50 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.061%, 7d avg −0.008%

Together, before fees+0.551%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.052% cheaper against Deribit than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.008%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	310.99	0.0496	pay 0.0062% / 1h	26m 25s	$16K	$1.8M	25x
Short	RISEx TAO/USDC	310.80	0.0816	get 0.0102% / 1h	26m 25s	$442K	$657K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.061%Rate

Funding earned: $67.21
Price spread: −0.061% → −0.008%: −$5.23
Slippage, 4 orders: −$16.01
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $32.96
Costs to cover: 0.290%
Break-even: 3.6 days

Slippage from Deribit: live order book, 3 min ago; RISEx: live order book, 27 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 Deribit live order book, 3 min ago	5.13 bp	11.2 bp −$11	17.0 bp −$170	doesn't fit	doesn't fit
Sell RISEx live order book, 27 min ago	1.59 bp	4.6 bp −$5	28.0 bp −$280	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.92	−0.023%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.78	−0.068%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	310.67	−0.104%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.78	−0.067%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.52	−0.151%	$636	$837K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.78	−0.066%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.94	−0.016%	$89.1M	$500.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.05	+0.020%	$67.0M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.00	+0.004%	$25.9M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.70	−0.093%	$13.2M	$50.1M	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	311.04	+0.016%	$101.7M	$144.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.66	−0.106%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.69	−0.096%	$34.7M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.84	−0.048%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.06	+0.343%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.97	+0.314%	$530K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	+0.335%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.66	−0.106%	$78K	$899K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.07	+0.026%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.80	−0.061%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.24	−0.241%	$108K	$539K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.00	+0.003%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.99	0.000%	$1.3M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	310.92	−0.022%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	310.81	−0.056%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0138%	8h	310.76	−0.075%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.06	+0.023%	$101K	$397K	5x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.457%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0296%	1h	310.95	−0.012%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.563%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.89	−0.032%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0358%	1h	310.68	−0.099%	$782K	$2.2M	10x	as long as short
Phemex TAOUSDT	+0.0398%	4h	310.95	−0.013%	$3.2M	$8.0M	50x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.518%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0460%	1h	310.94	−0.016%	$91.4M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	310.87	−0.038%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0491%	1h	311.13	+0.045%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0496%	1h	310.99	long leg	$16K	$1.8M	25x
Lighter TAO	+0.0568%	1h	310.97	−0.007%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.71	−0.088%	$357	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	310.80	−0.061%	$442K	$657K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.86	+0.280%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.367%	$23K	$2K	12x	as long as short