TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0794%/8h= +86.9% APRnext payment +$0.99 per $10,000 · paid last 24h +0.190%

Price spread now: RISEx against dYdX+0.073%7-day average +0.064% · 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−$76as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on dYdX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.367%+$37 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.073%, 7d avg +0.064%

Together, before fees+0.437%+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	316.13	0.0037	pay 0.0005% / 1h	35m 02s	$126K	$85K	5x
Short	RISEx TAO/USDC	316.36	0.0831	get 0.0104% / 1h	35m 02s	$443K	$670K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against dYdX. 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 dYdXbpFee RISExbpOrdersPrice spread, now +0.073%Rate

Funding earned: $166.74
Price spread: +0.073% → +0.064%: $0.88
Slippage, 4 orders: −$61.15
Fee dYdX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $90.48
Costs to cover: 0.771%
Break-even: 3.2 days

Slippage from dYdX: live order book, 4 min ago; RISEx: live order book, 3 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 dYdX live order book, 4 min ago	27.37 bp	32.4 bp −$32	39.3 bp −$393	129.2 bp −$12.9K	563.6 bp −$281.8K
Sell RISEx live order book, 3 min ago	2.68 bp	5.7 bp −$6	27.0 bp −$270	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.12	−0.002%	$22K	—	150x	as long as short
dYdX TAO-USDlong	+0.0037%	1h	316.13	long leg	$126K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	316.51	+0.121%	$44K	$711K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	+0.213%	$26.4M	$130.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.40	+0.086%	$14.4M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.95	+0.260%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.41	+0.090%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.70	+0.181%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.30	+0.055%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.20	+0.023%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.86	−0.084%	$115K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	316.29	+0.052%	$4K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0107% / S +0.0136%	1h	316.16	+0.010%	$403K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	316.50	+0.118%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	316.30	+0.055%	$52K	$294K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0165%	1h	316.29	+0.052%	$15K	$1.9M	25x	as long as short
Binance TAOUSDT	+0.0167%	4h	316.84	+0.227%	$91.8M	$530.7M	75x	as long as short
MEXC TAO_USDT	+0.0170%	4h	316.65	+0.166%	$99.9M	$151.5M	300x	as long as short
edgeX TAOUSDC	+0.0179%	4h	316.75	+0.196%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0236%	8h	316.70	+0.181%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0261%	1h	316.46	+0.105%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0263%	4h	317.03	+0.286%	$69.4M	$156.7M	50x	as long as short
BingX TAO-USDT	+0.0280%	4h	316.53	+0.128%	—	$37.0M	—	as long as short
Pacifica TAO	+0.0313%	1h	316.66	+0.170%	$371K	$452K	10x	as long as short
Bulk TAO-USD	+0.0317%	1h	319.23	+0.982%	$170K	$0	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	317.09	+0.305%	$541K	$918K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	316.79	+0.208%	$903K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0326%	4h	316.88	+0.237%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0407%	4h	316.79	+0.210%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	316.53	+0.128%	$102K	$381K	5x	as long as short
Nado TAO-PERP	+0.0487%	1h	316.31	+0.059%	$786K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0495%	4h	316.60	+0.150%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0528%	1h	316.69	+0.178%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0534%	4h	316.88	+0.239%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	317.20	+0.339%	$316K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0669%	1h	316.85	+0.229%	$292K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	316.55	+0.134%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.35	+0.071%	$364	—	20x	as long as short
Hyperliquid TAO	+0.0739%	1h	317.13	+0.317%	$93.7M	$110.1M	5x	as long as short
RISEx TAO/USDCshort	+0.0831%	1h	316.36	+0.073%	$443K	$670K	5x
Kraken Futures PF_TAOUSD	+0.0837%	1h	316.64	+0.161%	$5.9M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.20	+0.339%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+2.155%	$23K	$2K	12x	as long as short