TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1007%/8h= +110.3% APRnext payment +$1.26 per $10,000 · paid last 24h +0.118%

Price spread now: RISEx against Deribit−0.216%7-day average −0.012% · you buy dearer than you sell

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

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.461%+$46 on $10k

Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.216%, 7d avg −0.012%

Together, before fees+0.636%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.204% cheaper against Deribit than usual: you would sell low and buy high (spread −0.216% now, against its 7-day average of −0.012%). If the spread goes back, that is −$20 on $10k: about 16 hours of funding at the current rate (+$30 a day). At the pace of the last 3 days (+0.461% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit TAO_USDC-PERPETUAL	311.99	0.0125	pay 0.0016% / 1h	57m 43s	$16K	$1.5M	25x
Short	RISEx TAO/USDC	311.32	0.1132	get 0.0142% / 1h	57m 43s	$413K	$602K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.216%Rate

Funding earned: $211.54
Price spread: −0.216% → −0.012%: −$20.38
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $178.17
Costs to cover: 0.130%
Break-even: 1.1 days

Slippage unknown: Deribit: live order book, 1 min ago; RISEx: live order book, 11 min ago. 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	8.65 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 11 min ago	1.26 bp	4.3 bp −$4	27.3 bp −$273	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	311.19	−0.258%	$124K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.02	+0.008%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.59	+0.191%	$44K	$610K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.24	−0.240%	$89.4M	$454.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	−0.190%	$25.3M	$108.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.00	−0.318%	$12.6M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.22	−0.248%	$99.7M	$135.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.59	−0.129%	$18.2M	$29.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.31	−0.219%	$34.7M	$52.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.16	+1.015%	$40K	$294K	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	313.04	+0.336%	$522K	$962K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.60	+0.836%	$48K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.28	+0.092%	$57K	$318K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.04	+0.015%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.35	+0.114%	$119K	$446K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.04	+0.016%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	310.94	−0.338%	$636	$657K	5x	as long as short
Deribit TAO_USDC-PERPETUALlong	+0.0125%	1h	311.99	long leg	$16K	$1.5M	25x
Kraken Futures PF_TAOUSD	+0.0169%	1h	311.96	−0.010%	$5.6M	$20.3M	50x	as long as short
Aster TAOUSDT	+0.0171%	4h	311.72	−0.088%	$1.2M	$9.0M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0171% / S +0.0110%	1h	312.10	+0.035%	$435K	—	100x	as long as short
Bullet TAO-USD	+0.0179%	1h	312.59	+0.191%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	311.28	−0.229%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0278%	1h	312.73	+0.236%	$91K	$619K	5x	as long as short
Pacifica TAO	+0.0285%	1h	311.37	−0.200%	$369K	$373K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	311.68	−0.100%	$82K	$550K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.04	+0.336%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	316.84	+1.554%	$23K	$2K	12x	as long as short
Phoenix TAO	+0.0525%	1h	313.80	+0.579%	$328K	$620K	5x	as long as short
Bulk TAO-USD	+0.0529%	1h	316.43	+1.422%	$168K	$40K	10x	as long as short
01 Exchange TAOUSD	+0.0568%	1h	312.56	+0.182%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0606%	4h	314.06	+0.662%	$5.4M	$8.7M	—	as long as short
Nado TAO-PERP	+0.0658%	1h	312.68	+0.219%	$776K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	312.61	+0.198%	$359	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	311.49	−0.161%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0750%	4h	311.49	−0.161%	$63.4M	$134.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0816%	1h	312.08	+0.028%	$315K	$818K	10x	as long as short
Phemex TAOUSDT	+0.0905%	4h	312.28	+0.092%	$3.4M	$7.8M	50x	as long as short
Hyperliquid TAO	+0.0990%	1h	311.94	−0.017%	$99.4M	$92.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	312.42	+0.137%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1048%	1h	311.48	−0.165%	$898K	$2.4M	25x	as long as short
RISEx TAO/USDCshort	+0.1132%	1h	311.32	−0.216%	$413K	$602K	5x
Lighter TAO	+0.1328%	1h	312.01	+0.006%	$1.6M	$6.0M	5x	as long as short