TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1164%/8h= +127.5% APRnext payment +$1.46 per $10,000 · paid last 24h +0.069%

Price spread now: RISEx against Kraken Futures+0.038%7-day average −0.035% · 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−$33as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Kraken Futures Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.258%+$26 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.038%, 7d avg −0.035%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and RISEx is 0.073% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.035%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.258% in total (about 26.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	311.81	−0.0348	get 0.0044% / 1h	4m 02s	$5.5M	$20.7M	50x
Short	RISEx TAO/USDC	311.93	0.0816	get 0.0102% / 1h	4m 02s	$442K	$647K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.038%Rate

Funding earned: $244.48
Price spread: +0.038% → −0.035%: $7.26
Slippage, 4 orders: −$24.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $211.65
Costs to cover: 0.401%
Break-even: 0.9 days

Slippage from Kraken Futures: live order book, 5 min ago; RISEx: live order book, 50 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 Kraken Futures live order book, 5 min ago	7.38 bp	14.4 bp −$14	24.3 bp −$243	105.2 bp −$10.5K	doesn't fit
Sell RISEx live order book, 50 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_TAOUSDlong	−0.0348%	1h	311.81	long leg	$5.5M	$20.7M	50x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.53	−0.090%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0016%	1h	311.52	−0.092%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.94	+0.043%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.85	+0.014%	$638	$862K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.97	+0.052%	$355K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.88	+0.023%	$89.1M	$503.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.80	−0.002%	$26.0M	$120.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.60	−0.066%	$13.4M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.87	+0.020%	$103.3M	$145.8M	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	311.83	+0.007%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.52	−0.092%	$35.1M	$56.7M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.50	−0.100%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.18	+0.121%	$530K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	+0.081%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.66	−0.047%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.83	+0.007%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.80	−0.002%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.64	−0.054%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.86	+0.017%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.95	+0.044%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	311.77	−0.012%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.77	−0.012%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	311.43	−0.122%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0174%	8h	311.89	+0.026%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.23	+0.136%	$101K	$369K	5x	as long as short
BingX TAO-USDT	+0.0256%	4h	311.88	+0.023%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0304%	4h	311.84	+0.011%	$67.4M	$150.9M	50x	as long as short
Nado TAO-PERP	+0.0305%	1h	311.91	+0.032%	$787K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.83	+0.006%	$908K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.206%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.08	+0.088%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.190%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	312.06	+0.081%	$91.5M	$108.0M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.339%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0479%	1h	311.92	+0.036%	$310K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	312.20	+0.126%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0563%	1h	311.80	−0.001%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0600%	1h	312.14	+0.107%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.90	+0.030%	$359	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	311.93	+0.038%	$442K	$647K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.20	+0.126%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.258%	$23K	$2K	12x	as long as short