data as of
Settings8H · net · $10k
Funding arb /

TAO

all TAO markets
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Funding spread now, next payment 17:00 UTC−0.0216%/8h
next payment, per $10,000$0.27paid, last 24h−0.087%paid, last 3 days−0.288%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya TAORUSDPERP284.020.0693pay 0.0087% / 1h43m 39s$32720x
ShortPhoenix TAO284.500.0476get 0.0060% / 1h43m 39s$302K$159K5x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$45.45
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$58.45
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 59 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.168%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Phoenix live order book, 59 min ago3.46 bp19.4 bp −$1930.8 bp −$308doesn't fitdoesn't fit
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 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit TAO_USDC-PERPETUAL0.0000%1h$41K$934K25xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h$9K150xas long as short
dYdX TAO-USD+0.0011%1h$73K$44K5xas long as short
Kraken Futures PF_TAOUSD+0.0013%1h$5.1M$13.6M50xas long as short
Bitget TAOUSDT+0.0094%4h$32.0M$36.0M50xas long as short
Popdex TAOUSDT+0.0096%1h$49K$444K20xas long as short
Katana Perps TAO-USD+0.0100%8h$621$309K5xas long as short
Aster TAOUSDT+0.0100%4h$1.6M$4.9M50xas long as short
Pacifica TAO+0.0100%1h$327K$368K10xas long as short
Binance TAOUSDT+0.0100%4h$78.0M$319.2M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit TAOUSDT+0.0100%4h$50.4M$83.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h$22.8M$65.0M50xas long as short
Arcus TAO-USD+0.0100%1h$122K$569K5xas long as short
Gate TAO_USDT+0.0100%4h$11.2M$42.9M50xas long as short
MEXC TAO_USDT+0.0100%4h$107.1M$102.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$18.0M$19.7M75xas long as short
BingX TAO-USDT+0.0100%4h$27.9Mas long as short
Backpack TAO_USDC_PERP+0.0100%1h$325K$464K10xas long as short
Variational Omni TAO+0.0100%4h$3.1M$4.8Mas long as short
edgeX TAOUSDC+0.0100%4h$37K$295K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$43K$265K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$75K$735K5xas long as short
Bullet TAO-USD+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$51K$172K10xas long as short
SunX TAO-USDT+0.0100%4h$2K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h$116K$316K20xas long as short
Phemex TAOUSDT+0.0100%4h$3.0M$7.3M50xas long as short
Extended TAO-USD+0.0104%1h$763K$1.3M25xas long as short
Aevo TAO-PERP+0.0104%1h$156K$9983xas long as short
Paradex TAO-USD-PERP+0.0108%8h$13K$37610xas long as short
Nado TAO-PERP+0.0145%1h$1.0M$1.2M10xas long as short
Lighter TAO+0.0160%1h$1.3M$2.1M5xas long as short
Bulk TAO-USD+0.0237%1h$149K$010xas long as short
01 Exchange TAOUSD+0.0240%1h$3K$4K5xas long as short
BloFin TAO-USDT+0.0340%4h$4.0M$6.7M100xas long as short
Phoenix TAOshort+0.0476%1h$302K$159K5x
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0173%1h$460K100xas long as short
RISEx TAO/USDC+0.0673%1h$313K$427K5xas long as short
Reya TAORUSDPERPlong+0.0693%1h$32720x
Hyperliquid TAO+0.0799%1h$78.2M$52.0M5xas long as short
Coinbase International TAO-PERP-INTX+0.0936%1h$1.4M$3.9M50xas long as short
Injective TAO/USDC PERP+0.3793%1h$21K$59K12xas long as short