TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0286%/8h= −31.3% APRnext payment −$0.36 per $10,000 · paid last 24h −0.182%

Price spread now: Deribit against Reya+0.021%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 Deribit

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

The price spread pays, funding is against you. Deribit is 0.021% dearer against Reya than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	317.01	0.0696	pay 0.0087% / 1h	4m 16s	$365	—	20x
Short	Deribit TAO_USDC-PERPETUAL	317.08	0.0410	get 0.0051% / 1h	4m 16s	$15K	$1.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$60.04
Price spread: +0.021% → 0.000%: $2.12
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$70.93
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Deribit: live order book, 5 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 Deribit live order book, 5 min ago	3.65 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit

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 42 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	−0.0185%	1h	315.28	−0.547%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.81	−0.065%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.73	−0.089%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.02	+0.002%	$44K	$644K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.00	−0.004%	$91.4M	$466.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	−0.004%	$26.3M	$114.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.099%	$12.9M	$50.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.01	−0.001%	$114.3M	$140.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.02	+0.002%	$18.1M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.85	−0.051%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.38	−0.201%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.06	+0.015%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.98	−0.010%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.81	−0.064%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.22	+0.065%	$130K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.29	+0.087%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.38	+0.117%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	316.80	−0.067%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	−0.231%	$47K	$253K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0102%	1h	316.75	−0.084%	$431K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	317.16	+0.048%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0188%	4h	314.95	−0.652%	$519K	$957K	10x	as long as short
Bullet TAO-USD	+0.0233%	1h	316.93	−0.026%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0273%	4h	317.17	+0.050%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.33	+0.101%	$369K	$396K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.43	+0.132%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0365%	8h	317.05	+0.011%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0410%	1h	317.08	+0.021%	$15K	$1.6M	25x
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.330%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0533%	1h	317.00	−0.003%	$758K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.80	−0.383%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.10	+0.028%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPlong	+0.0696%	1h	317.01	long leg	$365	—	20x
Bybit TAOUSDT	+0.0757%	4h	317.13	+0.037%	$67.2M	$138.1M	50x	as long as short
BingX TAO-USDT	+0.0768%	4h	316.99	−0.007%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	−0.149%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0904%	1h	317.11	+0.029%	$902K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0925%	1h	316.87	−0.045%	$320K	$807K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.87	+0.270%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.04	+0.007%	$449K	$623K	5x	as long as short
Hyperliquid TAO	+0.1347%	1h	317.33	+0.100%	$99.9M	$97.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	318.03	+0.321%	$1.6M	$6.1M	5x	as long as short