TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0720%/8h= −78.8% APRnext payment −$0.90 per $10,000 · paid last 24h −0.194%

Price spread now: Aevo against RISEx+0.078%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1531.530% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.519%−$52 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.078%, 7d avg +0.025%

Together, before fees−0.523%−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.054% dearer against RISEx than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.025%): +$5 on $10k if it goes back. Holding the pair costs −$22 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	RISEx TAO/USDC	315.24	0.0840	pay 0.0105% / 1h	38m 01s	$437K	$682K	5x
Short	Aevo TAO-PERP	315.48	0.0120	get 0.0015% / 1h	38m 01s	$173K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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 RISExbpFee AevobpOrdersPrice spread, now +0.078%Rate

Funding earned: −$151.18
Price spread: +0.078% → +0.025%: $5.37
Slippage, 4 orders: −$130.98
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$298.79
Costs to cover: 1.530%
Break-even: never at this rate

Slippage from RISEx: live order book, 60 min ago; Aevo: live order book, 61 min ago.

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 RISEx live order book, 60 min ago	2.68 bp	5.7 bp −$6	30.5 bp −$305	doesn't fit	doesn't fit
Sell Aevo live order book, 61 min ago	53.11 bp	78.3 bp −$78	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.15	−0.027%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.41	+0.055%	$49K	$705K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.16	−0.024%	$2K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.147%	$26.3M	$130.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.012%	$14.8M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.45	+0.068%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.42	+0.058%	$35.5M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.10	−0.043%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.23	−0.002%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.07	−0.053%	$115K	$589K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	315.30	+0.020%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERPshort	+0.0120%	1h	315.48	+0.078%	$173K	$998	3x
Bulk TAO-USD	+0.0125%	1h	316.13	+0.283%	$168K	$0	10x	as long as short
Binance TAOUSDT	+0.0146%	4h	315.77	+0.168%	$92.1M	$529.2M	75x	as long as short
MEXC TAO_USDT	+0.0148%	4h	315.60	+0.115%	$104.5M	$151.8M	300x	as long as short
ApeX Omni TAOUSDT	+0.0157%	1h	315.93	+0.220%	$45K	$257K	50x	as long as short
edgeX TAOUSDC	+0.0158%	4h	315.84	+0.191%	$42K	$320K	10x	as long as short
dYdX TAO-USD	+0.0197%	1h	314.85	−0.124%	$127K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0210%	4h	315.45	+0.068%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0217%	1h	315.52	+0.091%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0220%	4h	316.21	+0.308%	$541K	$877K	10x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	314.90	−0.107%	$14K	$876	10x	as long as short
Aster TAOUSDT	+0.0311%	4h	315.61	+0.120%	$1.2M	$11.1M	50x	as long as short
BingX TAO-USDT	+0.0328%	4h	315.65	+0.131%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0337%	4h	315.80	+0.179%	$69.5M	$155.4M	50x	as long as short
Pacifica TAO	+0.0349%	1h	315.00	−0.074%	$369K	$440K	10x	as long as short
Extended TAO-USD	+0.0360%	1h	315.66	+0.135%	$894K	$2.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	315.16	−0.023%	$370K	—	100x	as long as short
BloFin TAO-USDT	+0.0390%	4h	315.06	−0.056%	$4.7M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	315.46	+0.071%	$99K	$368K	5x	as long as short
Hyperliquid TAO	+0.0490%	1h	315.91	+0.214%	$93.1M	$108.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0501%	1h	315.48	+0.078%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0525%	1h	315.45	+0.067%	$767K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.20	+0.306%	$318K	$714K	5x	as long as short
Variational Omni TAO	+0.0602%	4h	315.71	+0.151%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0608%	1h	315.69	+0.145%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.48	+0.077%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	315.87	+0.201%	$316K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.47	+0.073%	$363	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0789%	1h	315.55	+0.098%	$6.0M	$21.2M	50x	as long as short
RISEx TAO/USDClong	+0.0840%	1h	315.24	long leg	$437K	$682K	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.88	+0.204%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.308%	$23K	$2K	12x	as long as short