TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0552%/8h= +60.5% APRnext payment +$0.69 per $10,000 · paid last 24h +0.166%

Price spread now: RISEx against Pacifica+0.060%7-day average +0.012% · 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−$22as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Pacifica Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.489%+$49 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.060%, 7d avg +0.012%

Together, before fees+0.511%+ Points / potential airdropPacifica: Active · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and RISEx is 0.048% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	319.53	0.0525	pay 0.0066% / 1h	41m 46s	$364K	$423K	10x
Short	RISEx TAO/USDC	319.73	0.1077	get 0.0135% / 1h	41m 46s	$462K	$665K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.060%Rate

Funding earned: $115.98
Price spread: +0.060% → +0.012%: $4.79
Slippage, 4 orders: −$12.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $94.01
Costs to cover: 0.268%
Break-even: 1.3 days

Slippage from Pacifica: live order book, 2 min ago; RISEx: live order book, 2 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 Pacifica live order book, 2 min ago	2.97 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.09 bp	4.1 bp −$4	25.6 bp −$256	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	−0.2019%	1h	319.65	+0.036%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.38	−0.049%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.37	−0.050%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.86	+0.102%	$41K	$696K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+0.083%	$26.5M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.30	−0.073%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.52	−0.004%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.56	+0.008%	$35.9M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.81	+0.086%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.47	−0.020%	$91K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.50	−0.011%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.25	−0.089%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.64	+0.033%	$2K	$1.0M	5x	as long as short
Phemex TAOUSDT	+0.0114%	4h	319.91	+0.118%	$3.3M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.83	+0.093%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	319.36	−0.054%	$432K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.71	+0.055%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0152%	4h	320.03	+0.157%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0156%	4h	319.86	+0.102%	$105.1M	$149.6M	300x	as long as short
Binance TAOUSDT	+0.0159%	4h	319.87	+0.104%	$92.5M	$527.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0261%	8h	319.48	−0.015%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0315%	4h	319.83	+0.092%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0387%	1h	319.81	+0.088%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0391%	4h	319.86	+0.102%	$69.8M	$155.9M	50x	as long as short
BloFin TAO-USDT	+0.0396%	4h	320.21	+0.212%	$4.7M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	319.76	+0.071%	—	$34.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.77	+0.074%	$544K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.55	+0.006%	$917K	$2.4M	25x	as long as short
Pacifica TAOlong	+0.0525%	1h	319.53	long leg	$364K	$423K	10x
Variational Omni TAO	+0.0538%	4h	319.36	−0.055%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.240%	$319K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	320.02	+0.152%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.24	+0.221%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0651%	1h	319.79	+0.079%	$801K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0659%	1h	319.76	+0.070%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0660%	1h	319.75	+0.068%	$300K	$904K	10x	as long as short
Hyperliquid TAO	+0.0669%	1h	319.96	+0.133%	$94.5M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.74	+0.063%	$368	—	20x	as long as short
Lighter TAO	+0.0864%	1h	320.09	+0.173%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.471%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDCshort	+0.1077%	1h	319.73	+0.060%	$462K	$665K	5x
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.92	+0.121%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.282%	$24K	$2K	12x	as long as short