TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0663%/8h= +72.6% APRnext payment +$0.83 per $10,000 · paid last 24h −0.494%

Price spread now: RISEx against Injective−1.988%7-day average — · you buy dearer than you sell

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

Long on Injective 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 1.988% cheaper against Injective than usual: you would sell low and buy high (spread −1.988% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$199 on $10k: about 10.0 days of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	315.63	0.0470	pay 0.0059% / 1h	43m 05s	$23K	$2K	12x
Short	RISEx TAO/USDC	309.36	0.1132	get 0.0142% / 1h	43m 05s	$411K	$605K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Injective. 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 InjectivebpFee RISExbpOrdersPrice spread, now −1.988%Rate

Funding earned: $139.19
Price spread: −1.988% → 0.000%: −$198.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$65.61
Costs to cover: 0.060%
Break-even: 10.3 days

Slippage unknown: Injective: no order-book sample; RISEx: live order book, 25 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 Injective no order-book sample	—	—	—	—	—
Sell RISEx live order book, 25 min ago	1.26 bp	4.3 bp −$4	27.3 bp −$273	doesn't fit	doesn't fit

Injective: 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	308.91	−2.129%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	308.57	−2.237%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.19	−2.040%	$46K	$605K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0096%	1h	308.53	−2.248%	$15K	$1.5M	25x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.12	−2.695%	$88.6M	$458.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	−2.703%	$25.1M	$107.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.10	−2.386%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.43	−2.281%	$101.4M	$136.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.51	−2.256%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.76	−2.493%	$34.3M	$52.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	309.63	−1.902%	$34K	$300K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	−2.094%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.89	−1.819%	$46K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.47	−2.268%	$56K	$284K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.86	−2.145%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.08	−2.075%	$127K	$470K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.75	−1.863%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	309.36	−1.987%	$1K	$674K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	308.63	−2.218%	$426K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	308.45	−2.274%	$5.5M	$20.3M	50x	as long as short
Aster TAOUSDT	+0.0172%	4h	308.58	−2.234%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0241%	1h	309.08	−2.074%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0262%	1h	309.06	−2.082%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0274%	8h	309.34	−1.994%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	309.31	−2.002%	$365K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.48	−1.948%	$82K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	−1.416%	$4.4M	$10.7M	100x	as long as short
Phemex TAOUSDT	+0.0412%	4h	308.20	−2.354%	$3.4M	$8.0M	50x	as long as short
Injective TAO/USDC PERPlong	+0.0470%	1h	315.63	long leg	$23K	$2K	12x
Nado TAO-PERP	+0.0573%	1h	308.96	−2.112%	$756K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	309.80	−1.847%	$324K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	309.75	−1.863%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0696%	4h	309.05	−2.086%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.01	−2.098%	$355	—	20x	as long as short
BingX TAO-USDT	+0.0740%	4h	308.05	−2.402%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0779%	4h	307.24	−2.658%	$62.8M	$135.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0864%	1h	308.27	−2.332%	$311K	$814K	10x	as long as short
Extended TAO-USD	+0.0976%	1h	308.63	−2.218%	$890K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	309.88	−1.822%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDCshort	+0.1132%	1h	309.36	−1.988%	$411K	$605K	5x
Hyperliquid TAO	+0.1277%	1h	308.48	−2.265%	$97.8M	$93.0M	5x	as long as short
Lighter TAO	+0.1392%	1h	308.93	−2.122%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	−1.023%	$166K	$40K	10x	as long as short