TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h +0.169%

Price spread now: Reya against Bullet+0.118%63s7-day average — · you sell dearer than you buy

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

Long on Bullet 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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Reya is 0.118% dearer against Bullet than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	322.47	0.0537	pay 0.0067% / 1h	56m 27s	$12K	$17K	20x
Short	Reya TAORUSDPERP	322.85	0.0699	get 0.0087% / 1h	56m 27s	$371	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bullet. 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 BulletbpFee ReyabpOrdersPrice spread, now +0.118%Rate

Funding earned: $33.97
Price spread: +0.118% → 0.000%: $11.85
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $31.81
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: Bullet: no order-book sample; 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 Bullet no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Bullet and 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
Bulk TAO-USD	−0.0985%	1h	321.65	−0.254%	$171K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+0.539%	$20K	—	150x	as long as short
Bybit TAOUSDT	+0.0100%	4h	322.36	−0.034%	$70.9M	$155.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.20	−0.084%	$26.9M	$131.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.10	−0.115%	$15.4M	$47.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.51	+0.012%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.32	−0.047%	$36.4M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.85	+0.118%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.84	+0.115%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.04	+0.177%	$118K	$554K	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	322.86	+0.121%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	322.67	+0.062%	$1K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	323.17	+0.219%	$177K	$998	3x	as long as short
MEXC TAO_USDT	+0.0154%	4h	322.72	+0.078%	$107.0M	$149.1M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	322.38	−0.028%	$94.9M	$519.7M	75x	as long as short
BingX TAO-USDT	+0.0158%	4h	322.36	−0.034%	—	$39.0M	—	as long as short
edgeX TAOUSDC	+0.0158%	4h	323.48	+0.313%	$43K	$321K	10x	as long as short
Paradex TAO-USD-PERP	+0.0225%	8h	323.01	+0.166%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0247%	4h	322.31	−0.050%	$54K	$274K	10x	as long as short
Popdex TAOUSDT	+0.0256%	1h	322.85	+0.118%	$50K	$703K	20x	as long as short
Extended TAO-USD	+0.0288%	1h	322.84	+0.116%	$973K	$2.2M	25x	as long as short
Pacifica TAO	+0.0301%	1h	322.98	+0.159%	$376K	$439K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0304%	4h	323.87	+0.433%	$550K	$826K	10x	as long as short
Aster TAOUSDT	+0.0320%	4h	322.56	+0.028%	$1.3M	$11.2M	50x	as long as short
Arcus TAO-USD	+0.0364%	1h	323.20	+0.226%	$102K	$329K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0365% / S −0.0107%	1h	322.05	−0.129%	$379K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0392%	1h	323.88	+0.437%	$46K	$256K	50x	as long as short
BloFin TAO-USDT	+0.0396%	4h	323.31	+0.260%	$4.9M	$11.0M	100x	as long as short
Lighter TAO	+0.0456%	1h	323.05	+0.179%	$1.6M	$6.6M	5x	as long as short
Variational Omni TAO	+0.0522%	4h	323.77	+0.402%	$5.7M	$9.8M	—	as long as short
Bullet TAO-USDlong	+0.0537%	1h	322.47	long leg	$12K	$17K	20x
Nado TAO-PERP	+0.0545%	1h	322.60	+0.040%	$739K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	323.80	+0.412%	$326K	$712K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0672%	1h	323.45	+0.304%	$6.3M	$20.9M	50x	as long as short
Reya TAORUSDPERPshort	+0.0699%	1h	322.85	+0.118%	$371	—	20x
RISEx TAO/USDC	+0.0701%	1h	322.74	+0.084%	$446K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	323.28	+0.251%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0796%	1h	323.22	+0.233%	$301K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	322.51	+0.012%	$1.1M	$7.5M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0865%	1h	323.31	+0.259%	$20K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.1220%	1h	322.91	+0.136%	$97.5M	$110.2M	5x	as long as short
dYdX TAO-USD	+0.1233%	1h	322.32	−0.047%	$272K	$232K	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+1.702%	$24K	$2K	12x	as long as short