TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3682%/8h= −403.1% APRnext payment −$4.60 per $10,000 · paid last 24h −0.543%

Price spread now: RISEx against Injective−0.446%7-day average — · you buy dearer than you sell

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

Long on Injective Short on RISEx

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—needs both histories

Both sides work against this trade now: funding costs −$110 a day on $10k at the current rate, and RISEx is 0.446% cheaper against Injective than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	320.67	0.4513	pay 0.0564% / 1h	48m 58s	$23K	$2K	12x
Short	RISEx TAO/USDC	319.24	0.0831	get 0.0104% / 1h	48m 58s	$446K	$681K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Injective. 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 InjectivebpFee RISExbpOrdersPrice spread, now −0.446%Rate

Funding earned: −$773.14
Price spread: −0.446% → 0.000%: −$44.56
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$823.71
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; RISEx: live order book, 55 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell RISEx live order book, 55 min ago	1.09 bp	4.1 bp −$4	25.6 bp −$256	doesn't fit	doesn't fit

Injective: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.24	−0.447%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0089%	1h	318.53	−0.667%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.40	−0.396%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.40	−0.396%	$26.6M	$130.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−0.365%	$14.5M	$51.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.60	−0.334%	$18.0M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.32	−0.421%	$35.9M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.36	−0.409%	$85K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.03	−0.511%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.23	−0.449%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	319.45	−0.380%	$3K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0109% / S +0.0157%	1h	319.20	−0.459%	$425K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.66	−0.314%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0142%	4h	319.58	−0.340%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0168%	4h	318.79	−0.586%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0172%	4h	319.59	−0.337%	$109.8M	$150.8M	300x	as long as short
Binance TAOUSDT	+0.0178%	4h	319.59	−0.337%	$92.8M	$529.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0245%	8h	319.43	−0.386%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0248%	4h	319.67	−0.312%	—	$37.1M	—	as long as short
Bybit TAOUSDT	+0.0259%	4h	319.71	−0.299%	$70.0M	$156.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0279%	1h	318.94	−0.539%	$46K	$260K	50x	as long as short
Pacifica TAO	+0.0313%	1h	319.22	−0.452%	$363K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.917%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0324%	4h	318.48	−0.682%	$543K	$926K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	319.69	−0.305%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	319.43	−0.386%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0361%	1h	319.62	−0.328%	$12K	$17K	20x	as long as short
Lighter TAO	+0.0408%	1h	319.90	−0.241%	$1.6M	$6.9M	5x	as long as short
BloFin TAO-USDT	+0.0418%	4h	319.81	−0.268%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0436%	1h	319.30	−0.428%	$791K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.52	−0.359%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0505%	4h	318.69	−0.617%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0536%	4h	319.45	−0.380%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.770%	$317K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0651%	1h	319.79	−0.275%	$15K	$2.0M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.51	−0.363%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0744%	1h	319.82	−0.265%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0785%	1h	319.76	−0.284%	$298K	$905K	10x	as long as short
Hyperliquid TAO	+0.0798%	1h	319.97	−0.218%	$94.6M	$110.1M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0828%	1h	319.90	−0.239%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDCshort	+0.0831%	1h	319.24	−0.446%	$446K	$681K	5x
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.06	−0.190%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4513%	1h	320.67	long leg	$23K	$2K	12x