TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.1779%/8h= −194.8% APRnext payment −$2.22 per $10,000 · paid last 24h −0.504%

Price spread now: Bulk against Reya+0.252%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Bulk is 0.252% dearer against Reya than usual: you sell high and buy low (spread +0.252% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	317.81	0.0699	pay 0.0087% / 1h	20m 12s	$365	—	20x
Short	Bulk TAO-USD	318.61	−0.1080	pay 0.0135% / 1h	20m 12s	$169K	$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Reya. 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 ReyabpFee BulkbpOrdersPrice spread, now +0.252%Rate

Funding earned: −$373.66
Price spread: +0.252% → 0.000%: $25.17
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$361.48
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Bulk: live order book, 31 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 Reya no order-book sample	—	—	—	—	—
Sell Bulk live order book, 31 min ago	0.47 bp	5.0 bp −$5	10.7 bp −$107	23.3 bp −$2,326	54.1 bp −$27.0K

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 exchanges

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-USDshort	−0.1080%	1h	318.61	+0.252%	$169K	$0	10x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	318.01	+0.062%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.10	+0.091%	$51K	$633K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.91	+0.031%	$69.6M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.80	−0.003%	$27.0M	$129.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	−0.066%	$15.6M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.71	−0.031%	$17.6M	$31.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.56	−0.079%	$36.0M	$56.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.33	+0.478%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.72	−0.028%	$81K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.78	−0.009%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.89	+0.025%	$117K	$557K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.93	+0.038%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	318.00	+0.060%	$2K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	317.82	+0.002%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0128%	4h	319.40	+0.501%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0128%	4h	317.86	+0.016%	—	$39.0M	—	as long as short
MEXC TAO_USDT	+0.0132%	4h	317.88	+0.022%	$110.5M	$151.8M	300x	as long as short
Binance TAOUSDT	+0.0134%	4h	317.86	+0.015%	$93.3M	$516.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0182%	8h	317.85	+0.011%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0216%	1h	317.76	−0.017%	$963K	$2.1M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0249%	4h	317.77	−0.013%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	318.62	+0.256%	$541K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	317.92	+0.033%	$371K	$447K	10x	as long as short
Aster TAOUSDT	+0.0305%	4h	317.90	+0.029%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.45	−0.112%	$373K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.47	+0.208%	$100K	$329K	5x	as long as short
Lighter TAO	+0.0368%	1h	317.87	+0.019%	$1.6M	$6.7M	5x	as long as short
BloFin TAO-USDT	+0.0372%	4h	318.45	+0.201%	$4.9M	$10.5M	100x	as long as short
Bullet TAO-USD	+0.0385%	1h	317.91	+0.032%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0410%	4h	318.32	+0.160%	$5.7M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0447%	1h	317.84	+0.009%	$712K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0557%	1h	317.74	−0.022%	$14K	$1.9M	25x	as long as short
Phoenix TAO	+0.0567%	1h	319.00	+0.374%	$321K	$712K	5x	as long as short
dYdX TAO-USD	+0.0638%	1h	317.71	−0.030%	$268K	$235K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	318.18	+0.116%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0684%	1h	317.92	+0.035%	$6.2M	$20.5M	50x	as long as short
Reya TAORUSDPERPlong	+0.0699%	1h	317.81	long leg	$365	—	20x
RISEx TAO/USDC	+0.0701%	1h	317.97	+0.050%	$439K	$704K	5x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	318.53	+0.227%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0793%	1h	318.15	+0.107%	$96.0M	$108.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.47	+0.208%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	322.26	+1.400%	$23K	$2K	12x	as long as short