TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0449%/8h= −49.1% APRnext payment −$0.56 per $10,000 · paid last 24h +0.097%

Price spread now: Reya against Kraken Futures−0.022%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 against this trade now: funding costs −$13 a day on $10k at the current rate, and Reya is 0.022% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	322.08	0.1146	pay 0.0143% / 1h	49m 47s	$6.1M	$21.7M	50x
Short	Reya TAORUSDPERP	322.01	0.0698	get 0.0087% / 1h	49m 47s	$370	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.022%Rate

Funding earned: −$94.19
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$112.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 4 min ago	7.16 bp	12.9 bp −$13	24.4 bp −$244	111.4 bp −$11.1K	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 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	−0.2101%	1h	320.87	−0.375%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.82	−0.390%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.62	−0.142%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.16	+0.026%	$40K	$695K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.50	−0.490%	$26.7M	$129.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.80	−0.397%	$14.2M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.40	−0.210%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.73	−0.418%	$36.1M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.78	−0.403%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.90	−0.055%	$77K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	321.99	−0.027%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.46	−0.192%	$118K	$585K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.73	−0.108%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	321.99	−0.027%	$731	$985K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.02	−0.019%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	322.07	−0.002%	$53K	$293K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0122% / S +0.0155%	1h	321.55	−0.164%	$435K	—	100x	as long as short
MEXC TAO_USDT	+0.0146%	4h	320.66	−0.440%	$105.2M	$149.3M	300x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.94	−0.353%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0153%	4h	320.77	−0.407%	$92.9M	$525.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0267%	8h	320.81	−0.392%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0307%	4h	321.09	−0.308%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0366%	4h	320.89	−0.369%	—	$34.4M	—	as long as short
Bullet TAO-USD	+0.0377%	1h	322.06	−0.005%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0385%	4h	320.74	−0.415%	$70.0M	$155.6M	50x	as long as short
BloFin TAO-USDT	+0.0388%	4h	321.61	−0.145%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0420%	4h	320.79	−0.399%	$546K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	321.20	−0.273%	$914K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.86	−0.377%	$365K	$423K	10x	as long as short
Variational Omni TAO	+0.0536%	4h	321.98	−0.031%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.70	−0.117%	$320K	$709K	5x	as long as short
Nado TAO-PERP	+0.0617%	1h	321.21	−0.268%	$803K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0633%	1h	321.92	−0.050%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0634%	1h	322.02	−0.018%	$320K	$899K	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	322.22	+0.044%	$104K	$394K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	322.49	+0.128%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0668%	1h	321.21	−0.269%	$95.0M	$109.9M	5x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	322.01	−0.022%	$370	—	20x
Lighter TAO	+0.0920%	1h	321.05	−0.320%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.95	+0.271%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.09	+0.005%	$464K	$665K	5x	as long as short
Kraken Futures PF_TAOUSDlong	+0.1146%	1h	322.08	long leg	$6.1M	$21.7M	50x
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+1.917%	$24K	$2K	12x	as long as short