TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0462%/8h= +50.6% APRnext payment +$0.58 per $10,000 · paid last 24h +0.152%

Price spread now: RISEx against Deribit+0.032%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.499%+$50 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.032%, 7d avg −0.008%

Together, before fees+0.458%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.041% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	310.57	0.0354	pay 0.0044% / 1h	41m 49s	$21K	$1.8M	25x
Short	RISEx TAO/USDC	310.67	0.0816	get 0.0102% / 1h	41m 49s	$436K	$658K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Deribit. 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 DeribitbpFee RISExbpOrdersPrice spread, now +0.032%Rate

Funding earned: $97.03
Price spread: +0.032% → −0.008%: $4.09
Slippage, 4 orders: −$11.63
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $76.49
Costs to cover: 0.246%
Break-even: 1.5 days

Slippage from Deribit: live order book, 2 min ago; RISEx: live order book, 12 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 Deribit live order book, 2 min ago	0.16 bp	11.7 bp −$12	19.5 bp −$195	doesn't fit	doesn't fit
Sell RISEx live order book, 12 min ago	1.59 bp	4.6 bp −$5	28.0 bp −$280	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
Kraken Futures PF_TAOUSD	−0.0350%	1h	310.58	+0.003%	$5.5M	$20.7M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	310.65	+0.025%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.27	−0.098%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.51	−0.020%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	310.42	−0.049%	$635	$818K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.79	+0.070%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.30	+0.235%	$89.3M	$499.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.29	+0.231%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.20	+0.202%	$25.9M	$120.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.00	+0.138%	$13.0M	$49.7M	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	311.34	+0.247%	$101.1M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.23	+0.212%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.99	+0.135%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.23	+0.212%	—	$33.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.523%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.95	+0.443%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.85	+0.412%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.52	−0.017%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.64	+0.022%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.52	−0.017%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.32	−0.081%	$108K	$537K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.71	+0.043%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	310.49	−0.026%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0115%	4h	311.09	+0.168%	$1.2M	$10.4M	50x	as long as short
Bulk TAO-USD	+0.0125%	1h	311.89	+0.425%	$166K	$333	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	310.23	−0.109%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	310.71	+0.045%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0200%	1h	311.19	+0.200%	$908K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.18	+0.196%	$101K	$394K	5x	as long as short
Hyperliquid TAO	+0.0254%	1h	311.35	+0.251%	$91.3M	$107.3M	5x	as long as short
Nado TAO-PERP	+0.0284%	1h	310.57	+0.001%	$789K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.492%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.44	+0.280%	$4.5M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0354%	1h	310.57	long leg	$21K	$1.8M	25x
Backpack TAO_USDC_PERP	+0.0411%	1h	311.14	+0.183%	$309K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	310.69	+0.038%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0448%	1h	311.45	+0.282%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.621%	$311K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.45	−0.039%	$357	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	310.67	+0.032%	$436K	$658K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.25	+0.219%	$1.5M	$6.8M	50x	as long as short
Phemex TAOUSDT	+0.1108%	4h	310.68	+0.035%	$3.2M	$8.0M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+2.192%	$23K	$2K	12x	as long as short