TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0142%/8h= −15.5% APRnext payment −$0.18 per $10,000 · paid last 24h −0.018%

Price spread now: Reya against RISEx−0.046%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Reya is 0.046% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	315.76	0.0840	pay 0.0105% / 1h	41m 00s	$437K	$679K	5x
Short	Reya TAORUSDPERP	315.62	0.0698	get 0.0087% / 1h	41m 00s	$363	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.046%Rate

Funding earned: −$29.72
Price spread: −0.046% → 0.000%: −$4.62
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: −$46.34
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 57 min ago; Reya: 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, 57 min ago	2.68 bp	5.7 bp −$6	30.5 bp −$305	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 −0.0005%	1h	315.42	−0.108%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.84	+0.024%	$50K	$714K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.58	−0.058%	$646	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.90	+0.043%	$26.3M	$130.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.60	−0.052%	$14.8M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.78	+0.005%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.58	−0.058%	$35.5M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.50	−0.083%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.40	−0.115%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.61	−0.048%	$116K	$589K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	315.60	−0.052%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.83	+0.023%	$173K	$998	3x	as long as short
dYdX TAO-USD	+0.0142%	1h	315.84	+0.024%	$127K	$86K	5x	as long as short
Binance TAOUSDT	+0.0154%	4h	315.81	+0.016%	$92.2M	$530.2M	75x	as long as short
MEXC TAO_USDT	+0.0158%	4h	315.84	+0.024%	$104.4M	$151.7M	300x	as long as short
edgeX TAOUSDC	+0.0165%	4h	316.46	+0.220%	$42K	$322K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0210%	4h	315.66	−0.033%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0212%	1h	315.72	−0.014%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0220%	4h	316.21	+0.141%	$541K	$877K	10x	as long as short
Bybit TAOUSDT	+0.0223%	4h	315.90	+0.043%	$69.5M	$155.8M	50x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	+0.135%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0239%	8h	316.04	+0.088%	$14K	$876	10x	as long as short
ApeX Omni TAOUSDT	+0.0254%	1h	316.32	+0.176%	$45K	$257K	50x	as long as short
Aster TAOUSDT	+0.0317%	4h	315.83	+0.020%	$1.2M	$11.1M	50x	as long as short
BingX TAO-USDT	+0.0328%	4h	315.85	+0.028%	—	$37.4M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0338%	1h	315.65	−0.037%	$15K	$1.9M	25x	as long as short
Pacifica TAO	+0.0349%	1h	316.12	+0.112%	$371K	$442K	10x	as long as short
Extended TAO-USD	+0.0360%	1h	315.82	+0.017%	$899K	$2.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	315.92	+0.049%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0394%	4h	315.60	−0.052%	$4.7M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.07	+0.097%	$99K	$371K	5x	as long as short
Hyperliquid TAO	+0.0471%	1h	315.82	+0.018%	$93.0M	$110.2M	5x	as long as short
Nado TAO-PERP	+0.0529%	1h	315.68	−0.025%	$767K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.80	+0.328%	$319K	$714K	5x	as long as short
Lighter TAO	+0.0592%	1h	315.90	+0.044%	$1.6M	$6.6M	5x	as long as short
Variational Omni TAO	+0.0622%	4h	316.65	+0.282%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0624%	1h	315.97	+0.066%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	315.62	−0.046%	$363	—	20x
Backpack TAO_USDC_PERP	+0.0714%	1h	315.75	−0.004%	$316K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0788%	1h	315.75	−0.003%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDClong	+0.0840%	1h	315.76	long leg	$437K	$679K	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.99	+0.072%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.139%	$23K	$2K	12x	as long as short