TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.178%

Price spread now: dYdX against Reya−0.140%7-day average — · you buy dearer than you sell

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

Long on Reya Short on dYdX

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.140% cheaper against Reya than usual: you would sell low and buy high (−$14 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	Reya TAORUSDPERP	317.36	0.0699	pay 0.0087% / 1h	53m 55s	$365	—	20x
Short	dYdX TAO-USD	316.92	0.0568	get 0.0071% / 1h	53m 55s	$267K	$230K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$27.44
Price spread: −0.140% → 0.000%: −$13.99
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$57.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: live order book, 58 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 dYdX live order book, 58 min ago	28.32 bp	47.1 bp −$47	62.7 bp −$627	190.9 bp −$19.1K	772.1 bp −$386.1K

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	316.99	−0.117%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.34	−0.008%	$50K	$630K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.10	−0.083%	$26.9M	$128.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	−0.115%	$15.8M	$47.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.16	−0.065%	$17.6M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.04	−0.102%	$35.9M	$56.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.54	+0.685%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.01	−0.112%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.14	−0.071%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.28	−0.027%	$113K	$563K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	317.28	−0.027%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	317.22	−0.046%	$895	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0106%	4h	317.27	−0.030%	$69.5M	$155.5M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.35	−0.003%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0146%	4h	317.29	−0.024%	$103.7M	$146.9M	300x	as long as short
Binance TAOUSDT	+0.0146%	4h	317.30	−0.020%	$93.3M	$511.6M	75x	as long as short
BingX TAO-USDT	+0.0152%	4h	317.19	−0.055%	—	$38.0M	—	as long as short
edgeX TAOUSDC	+0.0153%	4h	318.61	+0.392%	$42K	$322K	10x	as long as short
Lighter TAO	+0.0208%	1h	317.38	+0.005%	$1.6M	$6.6M	5x	as long as short
Extended TAO-USD	+0.0208%	1h	317.23	−0.042%	$953K	$2.1M	25x	as long as short
Paradex TAO-USD-PERP	+0.0208%	8h	317.18	−0.057%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0215%	1h	317.45	+0.026%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0240%	1h	317.24	−0.038%	$376K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0256%	4h	317.25	−0.036%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0286%	4h	318.50	+0.358%	$543K	$805K	10x	as long as short
Aster TAOUSDT	+0.0314%	4h	317.23	−0.042%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.89	−0.150%	$373K	—	100x	as long as short
Nado TAO-PERP	+0.0363%	1h	317.23	−0.042%	$699K	$2.0M	10x	as long as short
BloFin TAO-USDT	+0.0390%	4h	317.48	+0.036%	$4.8M	$10.4M	100x	as long as short
Hyperliquid TAO	+0.0433%	1h	317.39	+0.010%	$95.6M	$107.0M	5x	as long as short
Variational Omni TAO	+0.0445%	4h	318.15	+0.249%	$5.7M	$9.8M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0461%	1h	317.27	−0.031%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0567%	1h	319.60	+0.704%	$321K	$710K	5x	as long as short
dYdX TAO-USDshort	+0.0568%	1h	316.92	−0.140%	$267K	$230K	5x
Backpack TAO_USDC_PERP	+0.0590%	1h	317.35	−0.005%	$298K	$1.1M	10x	as long as short
Arcus TAO-USD	+0.0610%	1h	317.68	+0.099%	$100K	$311K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	317.29	−0.023%	$431K	$683K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	317.47	+0.033%	$1.1M	$7.6M	50x	as long as short
01 Exchange TAOUSD	+0.0696%	1h	317.54	+0.055%	$3K	$2K	5x	as long as short
Reya TAORUSDPERPlong	+0.0699%	1h	317.36	long leg	$365	—	20x
Bulk TAO-USD	+0.0807%	1h	318.75	+0.436%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0928%	1h	317.41	+0.014%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	322.67	+1.672%	$23K	$2K	12x	as long as short