TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.156%

Price spread now: Reya against Deribit+0.014%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	317.34	0.0458	pay 0.0057% / 1h	57m 59s	$15K	$2.0M	25x
Short	Reya TAORUSDPERP	317.39	0.0698	get 0.0087% / 1h	57m 59s	$365	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now +0.014%Rate

Funding earned: $50.37
Price spread: +0.014% → 0.000%: $1.44
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $38.82
Costs to cover: 0.130%
Break-even: 1.6 days

Slippage unknown: Deribit: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

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 Deribit live order book, 1 min ago	3.78 bp	11.3 bp −$11	18.5 bp −$185	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 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	317.27	−0.024%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.22	−0.040%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.63	+0.091%	$43K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.40	+0.018%	$26.5M	$129.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.160%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.50	+0.050%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.58	+0.075%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.34	−0.001%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.02	−0.102%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.39	+0.015%	$84K	$1.2M	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	317.13	−0.067%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.13	−0.067%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	317.42	+0.024%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0111% / S +0.0155%	1h	317.22	−0.037%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.60	+0.081%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0134%	4h	317.33	−0.004%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	317.50	+0.050%	$107.4M	$150.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	317.62	+0.087%	$92.2M	$529.1M	75x	as long as short
edgeX TAOUSDC	+0.0178%	4h	317.16	−0.057%	$42K	$319K	10x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.60	+0.081%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0229%	8h	317.58	+0.076%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0242%	4h	317.67	+0.103%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.67	+0.103%	—	$36.7M	—	as long as short
Pacifica TAO	+0.0313%	1h	317.54	+0.063%	$361K	$427K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	317.42	+0.025%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	+0.004%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	317.69	+0.110%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0411%	4h	317.50	+0.050%	$4.7M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0458%	1h	317.34	long leg	$15K	$2.0M	25x
Nado TAO-PERP	+0.0472%	1h	317.62	+0.087%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.83	+0.154%	$102K	$389K	5x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	+0.027%	$5.6M	$10.2M	—	as long as short
Lighter TAO	+0.0520%	1h	317.59	+0.079%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0560%	1h	317.97	+0.198%	$94.1M	$110.1M	5x	as long as short
Phoenix TAO	+0.0567%	1h	317.40	+0.018%	$316K	$701K	5x	as long as short
Phemex TAOUSDT	+0.0614%	4h	317.57	+0.072%	$3.2M	$8.2M	50x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	317.96	+0.195%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0650%	1h	317.80	+0.144%	$296K	$905K	10x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	317.39	+0.014%	$365	—	20x
RISEx TAO/USDC	+0.0831%	1h	317.55	+0.064%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.48	+0.042%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.45	+0.349%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	323.52	+1.947%	$24K	$2K	12x	as long as short