TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0725%/8h= −79.4% APRnext payment −$0.91 per $10,000 · paid last 24h −0.106%

Price spread now: Extended against RISEx−0.032%7-day average −0.063% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on RISEx Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.418%−$42 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.032%, 7d avg −0.063%

Together, before fees−0.561%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.032% dearer against RISEx than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.063%): +$3 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	317.32	0.1077	pay 0.0135% / 1h	4m 35s	$437K	$677K	5x
Short	Extended TAO-USD	317.22	0.0352	get 0.0044% / 1h	4m 35s	$904K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$152.25
Price spread: −0.032% → −0.063%: $3.16
Slippage, 4 orders: −$7.84
Fee RISEx: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$167.93
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from RISEx: live order book, 39 min ago; Extended: live order book, 4 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, 39 min ago	1.09 bp	4.1 bp −$4	25.4 bp −$254	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.88 bp	6.3 bp −$6	8.7 bp −$87	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	−0.0237%	1h	320.94	+1.141%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.28	+0.617%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.86	+0.485%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.41	+0.028%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.007%	$26.6M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.20	−0.038%	$14.3M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.33	+0.003%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.09	−0.073%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.08	+0.554%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.12	+0.567%	$85K	$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	318.95	+0.513%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.85	+0.482%	$116K	$599K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.35	+0.009%	$720	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0113% / S +0.0154%	1h	318.81	+0.468%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.25	+0.609%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	319.11	+0.564%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0185%	4h	317.50	+0.056%	$92.2M	$528.3M	75x	as long as short
MEXC TAO_USDT	+0.0186%	4h	317.46	+0.044%	$107.3M	$151.9M	300x	as long as short
edgeX TAOUSDC	+0.0188%	4h	319.19	+0.588%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	317.48	+0.051%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0256%	4h	317.49	+0.053%	$69.7M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0282%	4h	317.14	−0.057%	—	$35.4M	—	as long as short
Bullet TAO-USD	+0.0306%	1h	319.20	+0.592%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0345%	4h	317.73	+0.128%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USDshort	+0.0352%	1h	317.22	−0.032%	$904K	$2.4M	25x
GRVT TAO_USDT_Perp	+0.0364%	4h	318.37	+0.332%	$540K	$917K	10x	as long as short
BloFin TAO-USDT	+0.0426%	4h	319.29	+0.621%	$4.7M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0469%	1h	319.08	+0.555%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0507%	1h	319.40	+0.656%	$792K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.746%	$5.7M	$10.2M	—	as long as short
Pacifica TAO	+0.0525%	1h	317.61	+0.091%	$361K	$429K	10x	as long as short
Phemex TAOUSDT	+0.0528%	4h	319.10	+0.561%	$3.2M	$8.1M	50x	as long as short
Phoenix TAO	+0.0567%	1h	319.50	+0.687%	$318K	$709K	5x	as long as short
Lighter TAO	+0.0584%	1h	317.56	+0.077%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0592%	1h	317.96	+0.201%	$94.0M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	317.45	+0.041%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.74	+0.132%	$102K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0678%	1h	318.66	+0.422%	$297K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.17	+0.583%	$367	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+0.973%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDClong	+0.1077%	1h	317.32	long leg	$437K	$677K	5x
Kraken Futures PF_TAOUSD	+0.1157%	1h	319.16	+0.579%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.954%	$24K	$2K	12x	as long as short