TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.475%

Price spread now: RISEx against Bulk+0.431%7-day average +0.115% · 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+$10as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Bulk Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.848%+$85 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.431%, 7d avg +0.115%

Together, before fees+0.719%+$72 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.316% dearer against Bulk than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	310.92	0.0817	pay 0.0102% / 1h	17m 43s	$165K	$333	10x
Short	RISEx TAO/USDC	312.26	0.0816	get 0.0102% / 1h	17m 43s	$443K	$647K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bulk. 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 BulkbpFee RISExbpOrdersPrice spread, now +0.431%Rate

Funding earned: −$0.18
Price spread: +0.431% → +0.115%: $31.63
Slippage, 4 orders: −$8.82
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.63
Costs to cover: 0.218%
Break-even: from the start

Slippage from Bulk: live order book, 36 min ago; RISEx: live order book, 36 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 Bulk live order book, 36 min ago	2.39 bp	6.1 bp −$6	14.0 bp −$140	32.8 bp −$3,278	doesn't fit
Sell RISEx live order book, 36 min ago	1.59 bp	4.6 bp −$5	28.0 bp −$280	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.59	+0.535%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.30	+0.444%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	313.26	+0.753%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.21	+0.414%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.95	+0.331%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.39	+0.471%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.57	+0.852%	$89.8M	$501.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.797%	$26.2M	$121.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	+0.733%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.58	+0.855%	$102.8M	$145.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	313.51	+0.832%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.35	+0.781%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.62	+0.868%	—	$33.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	+0.227%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	+0.201%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.69	+0.247%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.32	+0.450%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.59	+0.537%	$11K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.51	+0.511%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.06	+0.366%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.77	+0.594%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.72	+0.580%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0109%	4h	313.42	+0.804%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.45	+0.492%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0135%	1h	312.21	+0.415%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	312.21	+0.414%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0161%	4h	313.68	+0.887%	$67.6M	$150.5M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.50	+0.508%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	+0.337%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	313.45	+0.812%	$914K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0338%	1h	312.25	+0.426%	$788K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.69	+0.569%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.30	+0.443%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0473%	1h	313.88	+0.951%	$92.2M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.48	+0.501%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0498%	1h	313.42	+0.804%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	312.63	+0.549%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0616%	1h	313.86	+0.943%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.43	+0.484%	$359	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	312.26	+0.431%	$443K	$647K	5x
Bulk TAO-USDlong	+0.0817%	1h	310.92	long leg	$165K	$333	10x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	+0.373%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.389%	$23K	$2K	12x	as long as short