TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0953%/8h= −104.4% APRnext payment −$1.19 per $10,000 · paid last 24h −0.123%

Price spread now: Polymarket Perps against RISEx+0.008%7-day average −0.009% · 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−$240.241% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.446%−$45 on $10k

Price spread, last 4 days (all we have)+1.201%+$120 · spread now +0.008%, 7d avg −0.009%

Together, before fees+0.755%+$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	308.80	0.1132	pay 0.0142% / 1h	36m 12s	$442K	$621K	5x
Short	Polymarket Perps TAO-USD	308.82	0.0179	get 0.0022% / 1h	36m 12s	$75K	$645K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against RISEx. 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 RISExbpFee Polymarket PerpsbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$200.23
Price spread: +0.008% → −0.009%: $1.75
Slippage, 4 orders: −$10.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$222.54
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from RISEx: live order book, 32 min ago; Polymarket Perps: live order book, 32 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 RISEx live order book, 32 min ago	1.26 bp	4.3 bp −$4	21.5 bp −$215	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 32 min ago	2.84 bp	8.7 bp −$9	9.5 bp −$95	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
dYdX TAO-USD	0.0000%	1h	308.14	−0.213%	$123K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	308.62	−0.057%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.82	+0.008%	$37K	$621K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.73	−0.021%	$88.6M	$461.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.60	−0.063%	$25.3M	$108.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.50	−0.096%	$12.6M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.92	+0.040%	$104.0M	$137.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.83	+0.011%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.43	−0.118%	$34.4M	$53.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.03	−0.247%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	308.55	−0.078%	$508K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.98	−0.264%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.55	−0.079%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.75	−0.015%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.71	−0.028%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.01	+0.070%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0125%	8h	308.73	−0.021%	$692	$682K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0092%	1h	308.57	−0.073%	$429K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	308.62	−0.055%	$5.5M	$20.4M	50x	as long as short
Aster TAOUSDT	+0.0178%	4h	308.64	−0.050%	$1.3M	$9.2M	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0179%	1h	308.82	+0.008%	$75K	$645K	5x
Bullet TAO-USD	+0.0213%	1h	308.96	+0.054%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	308.58	−0.070%	$10K	$1.6M	25x	as long as short
Paradex TAO-USD-PERP	+0.0281%	8h	308.52	−0.089%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.65	−0.047%	$364K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.01	+0.070%	$97K	$562K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.766%	$4.4M	$10.7M	100x	as long as short
Phemex TAOUSDT	+0.0459%	4h	308.75	−0.015%	$3.3M	$8.0M	50x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.213%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0565%	1h	308.70	−0.030%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.002%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	309.06	+0.086%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.94	+0.046%	$355	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	308.97	+0.057%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0740%	4h	308.87	+0.024%	$63.5M	$136.0M	50x	as long as short
Variational Omni TAO	+0.0748%	4h	309.04	+0.078%	$5.3M	$8.9M	—	as long as short
Backpack TAO_USDC_PERP	+0.0837%	1h	309.11	+0.102%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0920%	1h	308.65	−0.047%	$885K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	309.46	+0.215%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDClong	+0.1132%	1h	308.80	long leg	$442K	$621K	5x
Hyperliquid TAO	+0.1217%	1h	309.21	+0.134%	$97.3M	$93.5M	5x	as long as short
Lighter TAO	+0.1320%	1h	309.06	+0.084%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	+0.101%	$164K	$40K	10x	as long as short