TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.20 per $10,000 · paid last 24h −0.110%

Price spread now: RISEx against Coinbase International−0.443%7-day average −0.169% · 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−$63as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Coinbase International Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 3 days (all we have)+0.318%+$32 · spread now −0.443%, 7d avg −0.169%

Together, before fees+0.286%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.274% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.443% now, against its 7-day average of −0.169%). If the spread goes back, that is −$27 on $10k: about 5.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	320.29	0.0984	pay 0.0123% / 1h	22m 16s	$1.5M	$6.4M	50x
Short	RISEx TAO/USDC	318.87	0.1141	get 0.0143% / 1h	22m 16s	$423K	$592K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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 Coinbase InternationalbpFee RISExbpOrdersPrice spread, now −0.443%Rate

Funding earned: $32.93
Price spread: −0.443% → −0.169%: −$27.37
Slippage, 4 orders: −$19.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$30.26
Costs to cover: 0.358%
Break-even: 13.4 days

Slippage from Coinbase International: live order book, 2 min ago; RISEx: live order book, 51 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 Coinbase International live order book, 2 min ago	9.40 bp	14.4 bp −$14	17.6 bp −$176	doesn't fit	doesn't fit
Sell RISEx live order book, 51 min ago	0.48 bp	3.5 bp −$4	26.4 bp −$264	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	−0.1321%	1h	318.22	−0.646%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.00	−0.403%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.13	−0.361%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.71	−0.493%	$43K	$596K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.34	−0.297%	$91.9M	$448.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.90	−0.434%	$26.2M	$109.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.80	−0.465%	$12.9M	$50.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.91	−0.431%	$109.3M	$135.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.89	−0.437%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.40	−0.278%	$35.6M	$50.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	318.41	−0.586%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.34	−0.610%	$526K	$960K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	318.97	−0.412%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.49	−0.250%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.68	−0.503%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.62	−0.209%	$128K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.17	−0.350%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.15	−0.356%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	318.85	−0.450%	$738	$624K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0094%	1h	318.79	−0.470%	$458K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	319.24	−0.328%	$378K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.00	−0.403%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0226%	4h	319.13	−0.362%	$1.2M	$8.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	318.95	−0.418%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0284%	1h	319.08	−0.378%	$93K	$635K	5x	as long as short
ApeX Omni TAOUSDT	+0.0316%	1h	317.14	−0.983%	$49K	$267K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.41	−0.587%	$4.5M	$10.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0396%	1h	319.55	−0.230%	$17K	$1.5M	25x	as long as short
BingX TAO-USDT	+0.0398%	4h	319.09	−0.375%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0460%	4h	318.45	−0.574%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.48	−0.253%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.10	−0.684%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+0.837%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	318.78	−0.471%	$3K	$4K	5x	as long as short
Bybit TAOUSDT	+0.0595%	4h	319.57	−0.225%	$65.9M	$133.2M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.00	−0.403%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0769%	1h	318.86	−0.446%	$892K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0832%	1h	318.66	−0.509%	$322K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0984%	1h	320.29	long leg	$1.5M	$6.4M	50x
Extended TAO-USD	+0.1120%	1h	319.51	−0.245%	$926K	$2.3M	25x	as long as short
RISEx TAO/USDCshort	+0.1141%	1h	318.87	−0.443%	$423K	$592K	5x
Lighter TAO	+0.1440%	1h	320.04	−0.079%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.1995%	1h	319.45	−0.262%	$103.4M	$91.0M	5x	as long as short