TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0587%/8h= −64.2% APRnext payment −$0.73 per $10,000 · paid last 24h −0.187%

Price spread now: Bullet against RISEx+0.279%72s7-day average — · you sell dearer than you buy

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

Long on RISEx Short on Bullet

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—needs both histories

The price spread pays, funding is against you. Bullet is 0.279% dearer against RISEx than usual: you sell high and buy low (spread +0.279% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 38 hours. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	313.04	0.0840	pay 0.0105% / 1h	27m 11s	$441K	$689K	5x
Short	Bullet TAO-USD	313.91	0.0253	get 0.0032% / 1h	27m 11s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.279%Rate

Funding earned: −$123.17
Price spread: +0.279% → 0.000%: $27.93
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$109.24
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: RISEx: live order book, 6 min ago; Bullet: no order-book sample. 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 RISEx live order book, 6 min ago	2.70 bp	5.9 bp −$6	32.7 bp −$327	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.11	+0.024%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.84	+0.257%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.92	+0.282%	$68.6M	$155.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	+0.244%	$26.1M	$128.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	+0.672%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	+0.180%	$14.9M	$49.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.74	+0.225%	$17.4M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.66	+0.199%	$35.3M	$57.0M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	−0.170%	$535K	$833K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.73	−0.098%	$45K	$255K	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.46	+0.136%	$86K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.66	+0.199%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.36	+0.104%	$115K	$587K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.82	+0.251%	$3.1M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	313.55	+0.164%	$642	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	312.50	−0.171%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0130%	4h	313.97	+0.298%	$105.6M	$152.6M	300x	as long as short
BingX TAO-USDT	+0.0136%	4h	313.86	+0.263%	—	$38.7M	—	as long as short
Binance TAOUSDT	+0.0136%	4h	313.93	+0.286%	$91.7M	$525.0M	75x	as long as short
edgeX TAOUSDC	+0.0140%	4h	312.92	−0.038%	$41K	$322K	10x	as long as short
dYdX TAO-USD	+0.0187%	1h	313.47	+0.139%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0219%	4h	313.82	+0.251%	$53K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	313.88	+0.270%	$14K	$876	10x	as long as short
Bullet TAO-USDshort	+0.0253%	1h	313.91	+0.279%	$12K	$17K	20x
Aster TAOUSDT	+0.0300%	4h	313.81	+0.249%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	313.90	+0.276%	$362K	$445K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	313.72	+0.219%	$887K	$2.3M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	313.47	+0.140%	$368K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	313.84	+0.257%	$4.8M	$10.7M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	314.10	+0.340%	$99K	$362K	5x	as long as short
Hyperliquid TAO	+0.0479%	1h	313.97	+0.298%	$92.0M	$109.3M	5x	as long as short
Nado TAO-PERP	+0.0489%	1h	313.73	+0.223%	$758K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	313.60	+0.180%	$315K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	314.12	+0.346%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0593%	4h	312.65	−0.122%	$5.5M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0603%	1h	313.78	+0.236%	$11K	$1.9M	25x	as long as short
Lighter TAO	+0.0632%	1h	313.95	+0.293%	$1.6M	$6.7M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0683%	1h	313.93	+0.286%	$309K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	313.69	+0.208%	$361	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0793%	1h	313.88	+0.269%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDClong	+0.0840%	1h	313.04	long leg	$441K	$689K	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	314.22	+0.378%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+1.659%	$23K	$2K	12x	as long as short