TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0581%/8h= +63.7% APRnext payment +$0.73 per $10,000 · paid last 24h +0.194%

Price spread now: RISEx against Aevo−0.260%7-day average −0.025% · 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−$203as in the Price arb table

costs, in and out, $10k−$1791.792% of the position

Long on Aevo Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.519%+$52 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now −0.260%, 7d avg −0.025%

Together, before fees+0.705%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.236% cheaper against Aevo than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.025%). If the spread goes back, that is −$24 on $10k: about 32 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	323.17	0.0120	pay 0.0015% / 1h	56m 50s	$177K	$998	3x
Short	RISEx TAO/USDC	322.33	0.0701	get 0.0088% / 1h	56m 50s	$445K	$714K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aevo. 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 AevobpFee RISExbpOrdersPrice spread, now −0.260%Rate

Funding earned: $122.08
Price spread: −0.260% → −0.025%: −$23.58
Slippage, 4 orders: −$157.18
Fee Aevo: 8 bp × 2 orders: −$16
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$80.68
Costs to cover: 1.792%
Break-even: 11.6 days

Slippage from Aevo: live order book, 32 min ago; RISEx: live order book, 37 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 Aevo live order book, 32 min ago	52.50 bp	88.1 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 37 min ago	2.70 bp	5.8 bp −$6	32.7 bp −$327	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	−0.0985%	1h	321.65	−0.472%	$171K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+0.320%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	323.08	−0.029%	$52K	$703K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	322.91	−0.082%	$71.0M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.80	−0.116%	$27.0M	$131.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.40	−0.240%	$15.4M	$47.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.53	−0.199%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.55	−0.193%	$36.4M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.94	−0.073%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.84	−0.104%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	323.04	−0.042%	$118K	$554K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	322.86	−0.097%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	322.55	−0.193%	$1K	$1.2M	5x	as long as short
Aevo TAO-PERPlong	+0.0120%	1h	323.17	long leg	$177K	$998	3x
Binance TAOUSDT	+0.0156%	4h	322.93	−0.076%	$95.0M	$519.9M	75x	as long as short
BingX TAO-USDT	+0.0158%	4h	322.66	−0.159%	—	$39.0M	—	as long as short
edgeX TAOUSDC	+0.0158%	4h	323.48	+0.094%	$43K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	322.75	−0.131%	$107.0M	$149.1M	300x	as long as short
Paradex TAO-USD-PERP	+0.0224%	8h	322.20	−0.301%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0247%	4h	323.26	+0.026%	$54K	$274K	10x	as long as short
Extended TAO-USD	+0.0288%	1h	322.55	−0.193%	$973K	$2.2M	25x	as long as short
Pacifica TAO	+0.0301%	1h	322.20	−0.302%	$375K	$439K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0304%	4h	323.87	+0.214%	$550K	$826K	10x	as long as short
Aster TAOUSDT	+0.0320%	4h	322.84	−0.104%	$1.3M	$11.2M	50x	as long as short
Arcus TAO-USD	+0.0364%	1h	322.64	−0.165%	$102K	$329K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0369% / S −0.0109%	1h	323.08	−0.030%	$383K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0392%	1h	323.88	+0.218%	$46K	$256K	50x	as long as short
BloFin TAO-USDT	+0.0396%	4h	323.31	+0.042%	$4.9M	$11.0M	100x	as long as short
Lighter TAO	+0.0456%	1h	323.05	−0.039%	$1.6M	$6.6M	5x	as long as short
Nado TAO-PERP	+0.0515%	1h	322.94	−0.071%	$740K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0522%	4h	323.77	+0.183%	$5.7M	$9.8M	—	as long as short
Phoenix TAO	+0.0578%	1h	323.80	+0.194%	$326K	$712K	5x	as long as short
Bullet TAO-USD	+0.0583%	1h	323.01	−0.050%	$13K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0672%	1h	323.45	+0.085%	$6.3M	$20.9M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	322.85	−0.100%	$371	—	20x	as long as short
RISEx TAO/USDCshort	+0.0701%	1h	322.33	−0.260%	$445K	$714K	5x
01 Exchange TAOUSD	+0.0776%	1h	322.79	−0.119%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0796%	1h	323.22	+0.014%	$301K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	322.51	−0.206%	$1.1M	$7.5M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0865%	1h	323.31	+0.040%	$20K	$1.9M	25x	as long as short
dYdX TAO-USD	+0.1078%	1h	321.77	−0.435%	$271K	$232K	5x	as long as short
Hyperliquid TAO	+0.1244%	1h	323.26	+0.026%	$97.7M	$110.1M	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+1.481%	$24K	$2K	12x	as long as short