TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0716%/8h= +78.4% APRnext payment +$0.90 per $10,000 · paid last 24h +0.159%

Price spread now: RISEx against Polymarket Perps+0.069%7-day average +0.013% · 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−$14as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.483%+$48 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.069%, 7d avg +0.013%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and RISEx is 0.056% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	310.87	0.0100	pay 0.0013% / 1h	25m 13s	$78K	$899K	5x
Short	RISEx TAO/USDC	311.08	0.0816	get 0.0102% / 1h	25m 13s	$442K	$657K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now +0.069%Rate

Funding earned: $150.37
Price spread: +0.069% → +0.013%: $5.63
Slippage, 4 orders: −$5.14
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $136.86
Costs to cover: 0.191%
Break-even: 0.6 days

Slippage from Polymarket Perps: live order book, 28 min ago; RISEx: live order book, 28 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 Polymarket Perps live order book, 28 min ago	0.96 bp	5.0 bp −$5	9.4 bp −$94	doesn't fit	doesn't fit
Sell RISEx live order book, 28 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	310.72	−0.048%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.57	−0.097%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	310.67	−0.066%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.02	+0.048%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.94	+0.023%	$636	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.15	+0.091%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.83	−0.013%	$89.1M	$500.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.86	−0.003%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.80	−0.023%	$25.9M	$120.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	−0.119%	$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	310.78	−0.029%	$101.8M	$145.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.87	0.000%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.59	−0.090%	$34.7M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.83	−0.013%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.043%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.97	+0.353%	$530K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	−0.039%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	310.87	long leg	$78K	$899K	5x
Bullet TAO-USD	+0.0100%	1h	310.90	+0.010%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.69	−0.058%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.98	−0.286%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.93	+0.021%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.79	−0.025%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	310.76	−0.035%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	310.55	−0.102%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0139%	8h	311.06	+0.060%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.32	+0.145%	$101K	$397K	5x	as long as short
Phemex TAOUSDT	+0.0240%	4h	310.80	−0.023%	$3.2M	$8.0M	50x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.495%	$166K	$333	10x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.086%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0296%	1h	310.79	−0.024%	$909K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.95	+0.026%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0355%	1h	310.95	+0.025%	$785K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.557%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0458%	1h	310.94	+0.023%	$91.4M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	311.19	+0.103%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0490%	1h	311.14	+0.087%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0504%	1h	310.88	+0.002%	$16K	$1.8M	25x	as long as short
Lighter TAO	+0.0568%	1h	311.03	+0.051%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.71	−0.050%	$357	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	311.08	+0.069%	$442K	$657K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.60	+0.235%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.406%	$23K	$2K	12x	as long as short