TAO

Alert

Funding spread now, next payment 15:00 UTC−0.0228%/8h

next payment, per $10,000−$0.29paid, last 24h+0.016%paid, last 3 days−0.046%to open and closeno order book

Long on Coinbase International Short on Reya

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.046% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	283.75	0.0920	pay 0.0115% / 1h	29m 42s	$1.4M	$4.1M	50x
Short	Reya TAORUSDPERP	281.75	0.0692	get 0.0086% / 1h	29m 42s	$324	—	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ReyabpOrdersRate

Funding earned: −$47.89
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$63.89
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.704%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 1 min ago	5.64 bp	14.4 bp −$14	19.9 bp −$199	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 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0681%	1h	$148K	$0	10x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	$34K	$906K	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0012%	1h	$18K	—	150x	as long as short
Bitget TAOUSDT	+0.0062%	4h	$31.9M	$35.7M	50x	as long as short
Gate TAO_USDT	+0.0094%	4h	$11.2M	$45.4M	50x	as long as short
Lighter TAO	+0.0096%	1h	$1.3M	$1.8M	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$43K	$450K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$3K	$280K	5x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$330K	$368K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance TAOUSDT	+0.0100%	4h	$80.0M	$317.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	$51.2M	$82.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$22.9M	$65.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$121K	$570K	5x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$100.6M	$99.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$17.3M	$18.0M	75x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$304K	$395K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.3M	$4.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$287K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$42K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$73K	$1.1M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$51K	$146K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$2K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$115K	$310K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0102%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$758K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$155K	$998	3x	as long as short
01 Exchange TAOUSD	+0.0184%	1h	$5K	$4K	5x	as long as short
Hyperliquid TAO	+0.0196%	1h	$75.2M	$50.3M	5x	as long as short
dYdX TAO-USD	+0.0214%	1h	$72K	$55K	5x	as long as short
Nado TAO-PERP	+0.0223%	1h	$1.0M	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0290%	1h	$5.4M	$13.4M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$6.9M	100x	as long as short
Phoenix TAO	+0.0364%	1h	$301K	$149K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0461% / S −0.0189%	1h	$417K	—	100x	as long as short
RISEx TAO/USDC	+0.0517%	1h	$299K	$409K	5x	as long as short
Reya TAORUSDPERPshort	+0.0692%	1h	$324	—	20x
Coinbase International TAO-PERP-INTXlong	+0.0920%	1h	$1.4M	$4.1M	50x
Injective TAO/USDC PERP	+0.3146%	1h	$21K	$125K	12x	as long as short