TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1059%/8h= +115.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.136%

Price spread now: RISEx against Polymarket Perps−0.119%7-day average +0.009% · 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−$41as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.446%+$45 on $10k

Price spread, last 4 days (all we have)−1.090%−$109 · spread now −0.119%, 7d avg +0.009%

Together, before fees−0.644%−$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.129% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.009%). If the spread goes back, that is −$13 on $10k: about 10 hours of funding at the current rate (+$32 a day). At the pace of the last 4 days (+0.446% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	316.34	0.0100	pay 0.0013% / 1h	48m 01s	$76K	$757K	5x
Short	RISEx TAO/USDC	315.96	0.1159	get 0.0145% / 1h	48m 01s	$447K	$626K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now −0.119%Rate

Funding earned: $222.31
Price spread: −0.119% → +0.009%: −$12.87
Slippage, 4 orders: −$13.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $181.52
Costs to cover: 0.279%
Break-even: 1.3 days

Slippage from Polymarket Perps: live order book, 15 min ago; RISEx: live order book, 16 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 Polymarket Perps live order book, 15 min ago	1.42 bp	9.5 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell RISEx live order book, 16 min ago	3.45 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	−0.2257%	1h	317.17	+0.262%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.83	−0.161%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.93	+0.188%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.10	−0.076%	$45K	$650K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.86	+0.164%	$91.6M	$469.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	+0.145%	$26.2M	$115.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	+0.209%	$13.0M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.69	+0.111%	$105.4M	$138.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.94	+0.190%	$18.2M	$30.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.59	+0.079%	$35.4M	$53.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.479%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	316.34	long leg	$76K	$757K	5x
Orderly PERP_TAO_USDC	+0.0100%	4h	317.46	+0.354%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.19	+0.269%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.31	−0.009%	$129K	$476K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.04	+0.221%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.28	+0.296%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	316.00	−0.107%	$672	$745K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	316.82	+0.153%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0212%	4h	317.35	+0.319%	$528K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.21	+0.274%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0281%	1h	317.17	+0.262%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0286%	4h	317.05	+0.224%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0338%	8h	316.38	+0.014%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0448%	1h	316.34	+0.001%	$373K	$396K	10x	as long as short
ApeX Omni TAOUSDT	+0.0473%	1h	317.85	+0.477%	$48K	$253K	50x	as long as short
Phoenix TAO	+0.0504%	1h	316.70	+0.114%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.21	−0.041%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0575%	1h	316.28	−0.018%	$762K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0594%	1h	317.40	+0.336%	$21K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.56	+0.071%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0700%	4h	316.93	+0.187%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0706%	4h	316.99	+0.205%	$67.6M	$139.3M	50x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	316.22	−0.038%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0869%	1h	317.12	+0.247%	$320K	$802K	10x	as long as short
Variational Omni TAO	+0.0881%	4h	317.62	+0.406%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0920%	1h	316.66	+0.101%	$896K	$2.3M	25x	as long as short
Lighter TAO	+0.1016%	1h	317.65	+0.414%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.65	+0.414%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDCshort	+0.1159%	1h	315.96	−0.119%	$447K	$626K	5x
Hyperliquid TAO	+0.1428%	1h	317.44	+0.348%	$100.4M	$98.2M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.454%	$23K	$2K	12x	as long as short