TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1059%/8h= +115.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.136%

Price spread now: RISEx against Polymarket Perps+0.017%7-day average +0.009% · 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−$27as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Polymarket Perps Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.446%+$45 on $10k

Price spread, last 4 days (all we have)−1.226%−$123 · spread now +0.017%, 7d avg +0.009%

Together, before fees−0.780%−$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.009%, so right now this pair is about funding alone: +$32 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	317.36	0.0100	pay 0.0013% / 1h	51m 12s	$80K	$737K	5x
Short	RISEx TAO/USDC	317.41	0.1159	get 0.0145% / 1h	51m 12s	$449K	$626K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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 Polymarket PerpsbpFee RISExbpOrdersPrice spread, now +0.017%Rate

Funding earned: $222.31
Price spread: +0.017% → +0.009%: $0.78
Slippage, 4 orders: −$13.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $195.18
Costs to cover: 0.279%
Break-even: 0.9 days

Slippage from Polymarket Perps: live order book, 12 min ago; RISEx: live order book, 12 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 Polymarket Perps live order book, 12 min ago	1.42 bp	9.5 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell RISEx live order book, 12 min ago	3.45 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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
Bulk TAO-USD	−0.2257%	1h	317.17	−0.060%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.90	−0.145%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.22	−0.045%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.41	+0.016%	$45K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.69	+0.104%	$91.8M	$467.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.60	+0.076%	$26.2M	$115.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	+0.013%	$13.0M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.72	+0.113%	$105.1M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.72	+0.113%	$18.2M	$30.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.29	−0.022%	$35.4M	$53.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.156%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	317.36	long leg	$80K	$737K	5x
Orderly PERP_TAO_USDC	+0.0100%	4h	317.63	+0.085%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.29	−0.022%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.80	+0.139%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.64	+0.088%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.86	+0.157%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.42	+0.019%	$1K	$738K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0104%	1h	317.19	−0.053%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0216%	4h	318.53	+0.368%	$530K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.70	+0.106%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0307%	4h	317.53	+0.052%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	317.63	+0.085%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0348%	8h	317.46	+0.030%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0448%	1h	317.46	+0.032%	$375K	$393K	10x	as long as short
ApeX Omni TAOUSDT	+0.0473%	1h	317.85	+0.154%	$48K	$253K	50x	as long as short
Phoenix TAO	+0.0504%	1h	317.80	+0.139%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.62	+0.082%	$100K	$489K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0534%	1h	317.60	+0.077%	$14K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0549%	1h	317.58	+0.069%	$765K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.52	+0.050%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0697%	4h	317.60	+0.076%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0731%	4h	317.81	+0.142%	$67.5M	$138.7M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	317.79	+0.135%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.524%	$6.0M	$9.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0909%	1h	317.67	+0.098%	$321K	$802K	10x	as long as short
Extended TAO-USD	+0.0936%	1h	317.53	+0.054%	$900K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.77	+0.759%	$1.5M	$6.5M	50x	as long as short
Lighter TAO	+0.1128%	1h	318.17	+0.254%	$1.6M	$6.1M	5x	as long as short
RISEx TAO/USDCshort	+0.1159%	1h	317.41	+0.017%	$449K	$626K	5x
Hyperliquid TAO	+0.1442%	1h	317.97	+0.192%	$100.6M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.128%	$23K	$2K	12x	as long as short