TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0939%/8h= −102.9% APRnext payment −$1.17 per $10,000 · paid last 24h −0.112%

Price spread now: Arcus against RISEx+0.046%7-day average +0.055% · 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−$33as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.422%−$42 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.046%, 7d avg +0.055%

Together, before fees−0.452%−$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	319.73	0.1141	pay 0.0143% / 1h	36m 13s	$425K	$600K	5x
Short	Arcus TAO-USD	319.88	0.0201	get 0.0025% / 1h	36m 13s	$85K	$550K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$197.29
Price spread: +0.046% → +0.055%: −$0.94
Slippage, 4 orders: −$21.65
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$230.37
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from RISEx: live order book, 37 min ago; Arcus: live order book, 38 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, 37 min ago	0.48 bp	3.5 bp −$4	28.3 bp −$283	doesn't fit	doesn't fit
Sell Arcus live order book, 38 min ago	8.66 bp	13.7 bp −$14	28.4 bp −$284	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
Bulk TAO-USD	−0.1322%	1h	319.84	+0.033%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0658%	4h	319.31	−0.133%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.25	−0.152%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.70	−0.010%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.26	−0.148%	$43K	$586K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.75	+0.005%	$92.5M	$445.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	−0.011%	$26.2M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.70	−0.011%	$13.0M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.06	+0.102%	$107.6M	$133.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.58	−0.361%	$18.2M	$29.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	319.96	+0.071%	$35.7M	$50.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.479%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−1.004%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	+0.030%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.90	+0.052%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.06	+0.102%	$128K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.33	+0.186%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	319.34	−0.123%	$2K	$615K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.76	+0.008%	$463K	—	100x	as long as short
Bullet TAO-USD	+0.0174%	1h	320.09	+0.112%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	319.84	+0.033%	$379K	$374K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	318.59	−0.358%	$48K	$266K	50x	as long as short
Arcus TAO-USDshort	+0.0201%	1h	319.88	+0.046%	$85K	$550K	5x
Aster TAOUSDT	+0.0228%	4h	319.55	−0.057%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	319.71	−0.007%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0247%	1h	320.03	+0.091%	$18K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0310%	1h	319.65	−0.026%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.055%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	319.98	+0.077%	$65.7M	$132.5M	50x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.185%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	320.14	+0.127%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.81	+0.024%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.699%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.514%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.75	+0.005%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.52	−0.067%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0778%	1h	318.91	−0.258%	$891K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0875%	1h	320.16	+0.133%	$324K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.95	+0.068%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	320.13	+0.122%	$934K	$2.2M	25x	as long as short
RISEx TAO/USDClong	+0.1141%	1h	319.73	long leg	$425K	$600K	5x
Lighter TAO	+0.1528%	1h	320.00	+0.085%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2427%	1h	320.19	+0.143%	$103.4M	$90.6M	5x	as long as short