TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.076%

Price spread now: Reya against Kraken Futures−0.063%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Funding pays, the price is against you. Reya is 0.063% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 13 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	318.10	0.0683	pay 0.0085% / 1h	12m 02s	$6.2M	$19.6M	50x
Short	Reya TAORUSDPERP	317.90	0.0699	get 0.0087% / 1h	12m 02s	$366	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.063%Rate

Funding earned: $3.32
Price spread: −0.063% → 0.000%: −$6.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$18.96
Costs to cover: 0.160%
Break-even: 47.0 days

Slippage unknown: Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	4.56 bp	11.6 bp −$12	19.9 bp −$199	101.2 bp −$10.1K	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 exchanges

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 −0.0003%	1h	317.60	−0.157%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.04	−0.019%	$51K	$633K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.75	−0.111%	$69.8M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.70	−0.126%	$26.9M	$129.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	318.16	+0.018%	$169K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.70	−0.126%	$15.7M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.67	−0.136%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.46	−0.202%	$36.0M	$56.7M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.58	−0.164%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.64	−0.145%	$81K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.62	−0.151%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.62	−0.151%	$117K	$556K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.16	+0.018%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0105%	8h	317.93	−0.054%	$3K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	318.02	−0.027%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0135%	4h	317.88	−0.070%	$42K	$326K	10x	as long as short
MEXC TAO_USDT	+0.0136%	4h	317.73	−0.117%	$111.1M	$152.0M	300x	as long as short
BingX TAO-USDT	+0.0138%	4h	317.64	−0.145%	—	$37.8M	—	as long as short
Binance TAOUSDT	+0.0140%	4h	317.67	−0.136%	$93.3M	$515.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0202%	8h	317.89	−0.067%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0248%	1h	317.65	−0.143%	$961K	$2.1M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	317.89	−0.067%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0266%	4h	317.88	−0.070%	$540K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	317.88	−0.070%	$371K	$448K	10x	as long as short
Aster TAOUSDT	+0.0314%	4h	317.80	−0.095%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.88	−0.070%	$374K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.22	+0.037%	$100K	$325K	5x	as long as short
Lighter TAO	+0.0368%	1h	318.05	−0.016%	$1.6M	$6.7M	5x	as long as short
BloFin TAO-USDT	+0.0377%	4h	318.15	+0.015%	$4.9M	$10.5M	100x	as long as short
Bullet TAO-USD	+0.0396%	1h	318.02	−0.026%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0421%	4h	318.09	−0.005%	$5.7M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0439%	1h	318.09	−0.004%	$700K	$2.0M	10x	as long as short
dYdX TAO-USD	+0.0567%	1h	317.53	−0.180%	$268K	$235K	5x	as long as short
Phoenix TAO	+0.0567%	1h	318.00	−0.032%	$320K	$712K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0641%	1h	317.95	−0.049%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0668%	1h	317.98	−0.038%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0683%	1h	318.10	long leg	$6.2M	$19.6M	50x
Reya TAORUSDPERPshort	+0.0699%	1h	317.90	−0.063%	$366	—	20x
RISEx TAO/USDC	+0.0701%	1h	317.83	−0.084%	$440K	$704K	5x	as long as short
Hyperliquid TAO	+0.0767%	1h	317.91	−0.060%	$95.9M	$108.4M	5x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	318.14	+0.012%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.68	+0.182%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	320.96	+0.899%	$23K	$2K	12x	as long as short