TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0511%/8h= +55.9% APRnext payment +$0.64 per $10,000 · paid last 24h +0.176%

Price spread now: Reya against Pacifica−0.089%48s7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.089% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$15 a day). The two prices were read 48 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	Pacifica TAO	314.74	0.0185	pay 0.0023% / 1h	2m 45s	$373K	$376K	10x
Short	Reya TAORUSDPERP	314.46	0.0696	get 0.0087% / 1h	2m 45s	$362	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Pacifica. 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 PacificabpFee ReyabpOrdersPrice spread, now −0.089%Rate

Funding earned: $107.29
Price spread: −0.089% → 0.000%: −$8.86
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $84.43
Costs to cover: 0.140%
Break-even: 1.5 days

Slippage unknown: Pacifica: live order book, 6 min ago; 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 Pacifica live order book, 6 min ago	3.00 bp	10.0 bp −$10	doesn't fit	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 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	−0.1228%	1h	316.14	+0.445%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.65	−0.030%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.56	−0.057%	$14K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.85	+0.035%	$43K	$605K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.70	−0.012%	$90.2M	$452.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.076%	$25.6M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.140%	$12.8M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.63	−0.035%	$99.8M	$137.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.55	−0.060%	$18.3M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.26	−0.153%	$35.0M	$51.7M	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	317.06	+0.736%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	+0.512%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.92	+0.057%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.86	+0.038%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.14	+0.127%	$126K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.22	+0.153%	$173K	$998	3x	as long as short
Bullet TAO-USD	+0.0106%	1h	314.59	−0.048%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0117%	1h	316.47	+0.550%	$48K	$267K	50x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	314.92	+0.057%	$644	$648K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	314.37	−0.117%	$446K	—	100x	as long as short
Pacifica TAOlong	+0.0185%	1h	314.74	long leg	$373K	$376K	10x
Arcus TAO-USD	+0.0201%	1h	314.57	−0.054%	$83K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	315.43	+0.220%	$1.3M	$8.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	314.44	−0.096%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0255%	1h	314.68	−0.019%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.26	−0.153%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	314.85	+0.034%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0487%	1h	314.57	−0.055%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.00	+0.718%	$332K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	315.19	+0.143%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+1.817%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	+0.647%	$5.5M	$8.7M	—	as long as short
Reya TAORUSDPERPshort	+0.0696%	1h	314.46	−0.089%	$362	—	20x
BingX TAO-USDT	+0.0704%	4h	314.46	−0.089%	—	$30.7M	—	as long as short
Phemex TAOUSDT	+0.0706%	4h	314.49	−0.079%	$3.4M	$7.8M	50x	as long as short
Bybit TAOUSDT	+0.0752%	4h	314.72	−0.006%	$64.8M	$133.9M	50x	as long as short
Nado TAO-PERP	+0.0754%	1h	314.80	+0.019%	$779K	$2.1M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0796%	1h	315.21	+0.149%	$319K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	314.95	+0.067%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	314.39	−0.112%	$879K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	314.41	−0.105%	$417K	$602K	5x	as long as short
Lighter TAO	+0.1408%	1h	315.51	+0.243%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1734%	1h	315.50	+0.241%	$100.9M	$91.7M	5x	as long as short