TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1051%/8h= +115.1% APRnext payment +$1.31 per $10,000 · paid last 24h +0.099%

Price spread now: RISEx against Arcus−0.082%7-day average −0.055% · 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−$37as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Arcus Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.409%+$41 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.082%, 7d avg −0.055%

Together, before fees+0.476%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.026% cheaper against Arcus than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.055%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$32 a day). At the pace of the last 3 days (+0.409% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	312.48	0.0186	pay 0.0023% / 1h	14m 05s	$83K	$545K	5x
Short	RISEx TAO/USDC	312.23	0.1238	get 0.0155% / 1h	14m 05s	$413K	$584K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Arcus. 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 ArcusbpFee RISExbpOrdersPrice spread, now −0.082%Rate

Funding earned: $220.81
Price spread: −0.082% → −0.055%: −$2.63
Slippage, 4 orders: −$24.08
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee RISEx: 3 bp × 2 orders: −$6
Net: $183.6
Costs to cover: 0.346%
Break-even: 1.2 days

Slippage from Arcus: live order book, 65 min ago; RISEx: live order book, 64 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 Arcus live order book, 65 min ago	3.43 bp	12.8 bp −$13	23.6 bp −$236	doesn't fit	doesn't fit
Sell RISEx live order book, 64 min ago	1.30 bp	4.3 bp −$4	20.6 bp −$206	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	−0.2753%	1h	312.56	+0.025%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.06	−0.134%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.66	−0.261%	$20K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.790%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.11	−0.118%	$36K	$573K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.35	−0.041%	$369K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.48	−0.319%	$88.3M	$428.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.68	−0.256%	$61.4M	$125.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.70	−0.250%	$25.0M	$101.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.40	−0.346%	$12.4M	$50.2M	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	311.44	−0.333%	$110.3M	$131.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.64	−0.269%	$18.4M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.46	−0.326%	$34.8M	$46.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.49	−0.317%	—	$30.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.79	−0.220%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	−0.175%	$517K	$943K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.99	−0.157%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.27	−0.067%	$76K	$455K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.02	−0.148%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	311.50	−0.314%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.34	−0.365%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.34	−0.045%	$127K	$414K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.60	−0.282%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.20	−0.091%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	312.10	−0.122%	$1K	$561K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0138%	1h	311.51	−0.310%	$20K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0164%	4h	311.41	−0.343%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0070%	1h	311.74	−0.237%	$444K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0184%	8h	312.27	−0.066%	$14K	$1K	10x	as long as short
Arcus TAO-USDlong	+0.0186%	1h	312.48	long leg	$83K	$545K	5x
Variational Omni TAO	+0.0210%	4h	311.68	−0.256%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.88	−0.192%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0450%	1h	312.25	−0.073%	$820K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0451%	1h	311.52	−0.307%	$5.7M	$19.9M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0510%	1h	311.55	−0.298%	$291K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.00	−0.154%	$326K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	312.41	−0.022%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	311.71	−0.247%	$358	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	311.59	−0.284%	$854K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.27	+0.253%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1216%	1h	312.07	−0.132%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDCshort	+0.1238%	1h	312.23	−0.082%	$413K	$584K	5x
Hyperliquid TAO	+0.1588%	1h	311.93	−0.176%	$97.5M	$84.5M	5x	as long as short