TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.085%

Price spread now: Coinbase International against RISEx+0.111%7-day average +0.170% · 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−$41as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.111%, 7d avg +0.170%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.060% cheaper against RISEx than usual: you would sell low and buy high (spread +0.111% now, against its 7-day average of +0.170%). If the spread goes back, that is −$6 on $10k: about 35 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.027% in total) that is about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	312.12	0.0816	pay 0.0102% / 1h	27m 50s	$444K	$658K	5x
Short	Coinbase International TAO-PERP-INTX	312.46	0.0952	get 0.0119% / 1h	27m 50s	$1.5M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.111%Rate

Funding earned: $28.55
Price spread: +0.111% → +0.170%: −$5.96
Slippage, 4 orders: −$18.93
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.34
Costs to cover: 0.349%
Break-even: 10.0 days

Slippage from RISEx: live order book, 26 min ago; Coinbase International: live order book, 1 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, 26 min ago	1.59 bp	4.6 bp −$5	25.8 bp −$258	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.88 bp	13.3 bp −$13	18.3 bp −$183	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.73	−0.122%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.51	−0.193%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	310.67	−0.464%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.05	−0.021%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.88	−0.075%	$1K	$836K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.13	+0.004%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.49	−0.201%	$89.2M	$500.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.96	−0.370%	$66.9M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.60	−0.165%	$25.9M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.20	−0.293%	$13.2M	$50.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	311.46	−0.210%	$102.0M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.38	−0.235%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.27	−0.271%	$34.8M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.47	−0.207%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.34	+0.072%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	−0.027%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.78	−0.107%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.89	−0.073%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.59	−0.168%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.84	−0.088%	$109K	$539K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.85	−0.086%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.40	+0.093%	$531K	$956K	10x	as long as short
Aster TAOUSDT	+0.0115%	4h	311.37	−0.237%	$1.3M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	311.78	−0.107%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	311.56	−0.179%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	311.94	−0.056%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.36	+0.078%	$101K	$397K	5x	as long as short
Phemex TAOUSDT	+0.0242%	4h	311.52	−0.191%	$3.2M	$8.0M	50x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.095%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0288%	1h	311.37	−0.240%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.200%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.95	−0.053%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0349%	1h	312.04	−0.023%	$791K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0371%	1h	311.80	−0.101%	$17K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0453%	1h	311.71	−0.128%	$91.7M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.155%	$311K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.27	+0.050%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0493%	1h	311.58	−0.171%	$310K	$885K	10x	as long as short
Lighter TAO	+0.0568%	1h	311.40	−0.229%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.88	−0.075%	$359	—	20x	as long as short
RISEx TAO/USDClong	+0.0816%	1h	312.12	long leg	$444K	$658K	5x
Coinbase International TAO-PERP-INTXshort	+0.0952%	1h	312.46	+0.111%	$1.5M	$6.8M	50x
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.774%	$23K	$2K	12x	as long as short