TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0465%/8h= +50.9% APRnext payment +$0.58 per $10,000 · paid last 24h −0.097%

Price spread now: Kraken Futures against Reya+0.157%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.157% dearer against Reya than usual: you sell high and buy low: +$16 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	317.07	0.0698	pay 0.0087% / 1h	1m 11s	$365	—	20x
Short	Kraken Futures PF_TAOUSD	317.56	0.1162	get 0.0145% / 1h	1m 11s	$5.9M	$21.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.157%Rate

Funding earned: $97.55
Price spread: +0.157% → 0.000%: $15.7
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $97.24
Costs to cover: 0.160%
Break-even: 0.0 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	3.62 bp	15.7 bp −$16	26.4 bp −$264	91.9 bp −$9,186	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
Bulk TAO-USD	−0.0237%	1h	320.94	+1.222%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.74	−0.104%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.79	−0.086%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.04	−0.008%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	+0.074%	$26.5M	$129.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	−0.084%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.39	+0.102%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.10	+0.011%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.23	+0.683%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.98	−0.027%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	316.89	−0.055%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.85	−0.068%	$115K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	316.98	−0.027%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0155%	1h	316.80	−0.085%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.11	+0.015%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0133%	4h	317.20	+0.043%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0172%	4h	317.40	+0.106%	$92.1M	$528.9M	75x	as long as short
MEXC TAO_USDT	+0.0178%	4h	317.40	+0.106%	$107.2M	$152.0M	300x	as long as short
edgeX TAOUSDC	+0.0185%	4h	317.44	+0.120%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	317.31	+0.077%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0253%	4h	317.50	+0.137%	$69.6M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.07	+0.002%	—	$36.7M	—	as long as short
Bullet TAO-USD	+0.0298%	1h	317.44	+0.117%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0331%	4h	317.21	+0.047%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	317.45	+0.121%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0336%	4h	316.65	−0.132%	$540K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0412%	4h	317.47	+0.128%	$4.7M	$11.0M	100x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.828%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0514%	1h	317.28	+0.067%	$786K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.35	+0.091%	$360K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	317.40	+0.106%	$316K	$709K	5x	as long as short
Lighter TAO	+0.0568%	1h	317.58	+0.162%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0581%	1h	317.17	+0.033%	$93.8M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.17	+0.033%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0609%	1h	317.25	+0.057%	$15K	$2.0M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.44	+0.118%	$102K	$389K	5x	as long as short
Phemex TAOUSDT	+0.0645%	4h	317.52	+0.143%	$3.2M	$8.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	316.97	−0.030%	$295K	$905K	10x	as long as short
Reya TAORUSDPERPlong	+0.0698%	1h	317.07	long leg	$365	—	20x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.68	+0.194%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.07	+0.002%	$437K	$678K	5x	as long as short
Kraken Futures PF_TAOUSDshort	+0.1162%	1h	317.56	+0.157%	$5.9M	$21.7M	50x
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+2.036%	$24K	$2K	12x	as long as short