TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0598%/8h= +65.5% APRnext payment +$0.75 per $10,000 · paid last 24h +0.510%

Price spread now: Reya against Bulk−0.145%7-day average — · you buy dearer than you sell

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

Long on Bulk 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

Funding pays, the price is against you. Reya is 0.145% cheaper against Bulk than usual: you would sell low and buy high (spread −0.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 19 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	317.85	0.0100	pay 0.0013% / 1h	58m 17s	$169K	$333	10x
Short	Reya TAORUSDPERP	317.39	0.0698	get 0.0087% / 1h	58m 17s	$365	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bulk. 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 BulkbpFee ReyabpOrdersPrice spread, now −0.145%Rate

Funding earned: $125.55
Price spread: −0.145% → 0.000%: −$14.48
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $98.07
Costs to cover: 0.130%
Break-even: 1.5 days

Slippage unknown: Bulk: live order book, 46 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 Bulk live order book, 46 min ago	0.16 bp	4.0 bp −$4	6.5 bp −$65	16.5 bp −$1,647	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
dYdX TAO-USD	0.0000%	1h	317.27	−0.183%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.22	−0.199%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.63	−0.069%	$43K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.173%	$26.5M	$129.6M	50x	as long as short
Bulk TAO-USDlong	+0.0100%	1h	317.85	long leg	$169K	$333	10x
Gate TAO_USDT	+0.0100%	4h	317.30	−0.173%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.45	−0.125%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.13	−0.226%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.02	−0.261%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.39	−0.144%	$84K	$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	317.13	−0.226%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.29	−0.176%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	317.42	−0.135%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0111% / S +0.0155%	1h	317.22	−0.196%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.60	−0.078%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0134%	4h	317.33	−0.163%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	317.47	−0.119%	$107.4M	$150.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	317.50	−0.110%	$92.1M	$528.9M	75x	as long as short
edgeX TAOUSDC	+0.0178%	4h	317.16	−0.216%	$42K	$319K	10x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.60	−0.078%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0229%	8h	317.58	−0.083%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0242%	4h	317.65	−0.063%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.53	−0.100%	—	$36.7M	—	as long as short
Pacifica TAO	+0.0313%	1h	317.54	−0.096%	$361K	$427K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	317.27	−0.181%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	−0.155%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	317.52	−0.104%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0411%	4h	317.50	−0.110%	$4.7M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0458%	1h	317.34	−0.159%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0472%	1h	317.62	−0.073%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.83	−0.006%	$102K	$389K	5x	as long as short
Lighter TAO	+0.0496%	1h	317.80	−0.014%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0502%	1h	317.71	−0.045%	$94.0M	$110.1M	5x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	−0.132%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	317.40	−0.141%	$316K	$701K	5x	as long as short
Phemex TAOUSDT	+0.0632%	4h	317.70	−0.047%	$3.2M	$8.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0648%	1h	317.58	−0.085%	$296K	$905K	10x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	317.96	+0.035%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	317.39	−0.145%	$365	—	20x
RISEx TAO/USDC	+0.0831%	1h	317.55	−0.095%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.48	−0.117%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.45	+0.189%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	323.52	+1.784%	$24K	$2K	12x	as long as short