TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0992%/8h= +108.6% APRnext payment +$1.24 per $10,000 · paid last 24h −0.027%

Price spread now: Hyperliquid against Reya+0.599%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.599% dearer against Reya than usual: you sell high and buy low: +$60 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	307.09	0.0694	pay 0.0087% / 1h	32m 44s	$353	—	20x
Short	Hyperliquid TAO	308.93	0.1686	get 0.0211% / 1h	32m 44s	$94.2M	$75.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.599%Rate

Funding earned: $208.33
Price spread: +0.599% → 0.000%: $59.86
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $253.19
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	0.98 bp	5.5 bp −$5	5.5 bp −$55	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 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
dYdX TAO-USD	0.0000%	1h	307.17	+0.025%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.47	+0.122%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.12	+0.009%	$41K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.47	+0.123%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.13	+0.337%	$86.4M	$401.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.24	+0.374%	$59.3M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.30	+0.393%	$25.1M	$92.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.42	+0.107%	$136K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.70	+0.198%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.77	+0.221%	$113.4M	$122.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.65	+0.182%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.04	+0.309%	$34.6M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.15	+0.345%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.431%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	−0.229%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	+0.068%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.473%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.63	+0.174%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.64	+0.179%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.97	−0.040%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.10	+0.003%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.55	+0.149%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.77	+0.221%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.32	+0.074%	$2K	$429K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	307.28	+0.061%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0155%	4h	307.88	+0.258%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0167%	8h	307.41	+0.103%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.48	+0.127%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0212%	1h	307.76	+0.217%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.290%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0262%	1h	307.35	+0.083%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.18	+0.029%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	307.49	+0.130%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.743%	$200K	$57K	10x	as long as short
Reya TAORUSDPERPlong	+0.0694%	1h	307.09	long leg	$353	—	20x
Extended TAO-USD	+0.0696%	1h	307.73	+0.207%	$877K	$1.9M	25x	as long as short
Lighter TAO	+0.0896%	1h	308.57	+0.483%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+0.442%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.92	+0.270%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.43	+0.110%	$411K	$536K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1300%	1h	308.10	+0.328%	$471K	$683K	10x	as long as short
Hyperliquid TAOshort	+0.1686%	1h	308.93	+0.599%	$94.2M	$75.7M	5x
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.498%	$22K	$138	12x	as long as short