TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1142%/8h= −125.0% APRnext payment −$1.43 per $10,000 · paid last 24h −0.100%

Price spread now: Popdex against RISEx−0.049%7-day average −0.016% · 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−$33as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on RISEx Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.423%−$42 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.049%, 7d avg −0.016%

Together, before fees−0.435%−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Popdex is 0.033% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	312.50	0.1238	pay 0.0155% / 1h	20m 08s	$435K	$567K	5x
Short	Popdex TAOUSDT	312.35	0.0096	get 0.0012% / 1h	20m 08s	$37K	$565K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$239.74
Price spread: −0.049% → −0.016%: −$3.29
Slippage, 4 orders: −$17.7
Fee RISEx: 3 bp × 2 orders: −$6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$273.13
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from RISEx: live order book, 58 min ago; Popdex: live order book, 59 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, 58 min ago	1.30 bp	4.3 bp −$4	22.2 bp −$222	doesn't fit	doesn't fit
Sell Popdex live order book, 59 min ago	3.43 bp	10.5 bp −$11	84.7 bp −$847	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	−0.4493%	1h	315.57	+0.981%	$169K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.35	−0.050%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.24	−0.083%	$27K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.783%	$23K	$361	12x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	312.35	−0.049%	$37K	$565K	20x
Pacifica TAO	+0.0100%	1h	312.45	−0.017%	$370K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.26	−0.077%	$88.6M	$427.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.54	+0.012%	$61.5M	$125.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.40	−0.033%	$25.1M	$101.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.00	−0.161%	$12.4M	$50.1M	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	312.31	−0.062%	$110.3M	$131.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.25	−0.081%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.14	−0.116%	$34.9M	$46.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.37	−0.043%	—	$30.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.50	−0.321%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	0.000%	$518K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.35	−0.369%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.50	−0.001%	$76K	$466K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.44	−0.021%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.32	−0.059%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.17	−0.107%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.39	−0.356%	$126K	$410K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.30	−0.065%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.49	−0.006%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	312.43	−0.023%	$3K	$557K	5x	as long as short
Aster TAOUSDT	+0.0181%	4h	312.17	−0.107%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	312.62	+0.037%	$83K	$565K	5x	as long as short
Paradex TAO-USD-PERP	+0.0190%	8h	312.53	+0.008%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0218%	4h	312.89	+0.125%	$3.9M	$7.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0251%	1h	312.29	−0.068%	$21K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.70	+0.063%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0448%	1h	312.20	−0.098%	$822K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	312.29	−0.067%	$5.7M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.17	−0.107%	$448K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0517%	1h	312.35	−0.049%	$291K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−0.001%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	312.70	+0.063%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.31	−0.062%	$359	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	312.22	−0.091%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.27	+0.245%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1232%	1h	312.80	+0.096%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDClong	+0.1238%	1h	312.50	long leg	$435K	$567K	5x
Hyperliquid TAO	+0.1651%	1h	312.71	+0.066%	$97.4M	$84.2M	5x	as long as short