TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0236%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.149%

Price spread now: Backpack against Reya+0.132%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Backpack is 0.132% dearer against Reya than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	307.06	0.0695	pay 0.0087% / 1h	7m 03s	$353	—	20x
Short	Backpack TAO_USDC_PERP	307.46	0.0459	get 0.0057% / 1h	7m 03s	$295K	$800K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$49.61
Price spread: +0.132% → 0.000%: $13.19
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$52.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 12 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 12 min ago	1.96 bp	7.3 bp −$7	20.8 bp −$208	doesn't fit	doesn't fit

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 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	−0.0396%	1h	305.88	−0.384%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.84	−0.071%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	306.74	−0.102%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.10	+0.015%	$45K	$540K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.36	+0.101%	$86.1M	$414.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.55	+0.161%	$59.7M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.40	+0.112%	$24.7M	$96.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.36	+0.099%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.30	+0.080%	$12.3M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.21	+0.050%	$114.8M	$126.2M	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	307.37	+0.103%	$18.6M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.22	+0.054%	$34.3M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.30	+0.080%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.62	−0.143%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	+0.053%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.60	−0.148%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.20	+0.047%	$75K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.11	+0.018%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.95	−0.034%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.95	−0.034%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.12	+0.021%	$122K	$369K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.22	+0.054%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.21	+0.052%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	307.03	−0.008%	$2K	$511K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.121%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0131%	4h	307.46	+0.132%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	307.04	−0.004%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	307.16	+0.034%	$363K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.80	−0.083%	$438K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	307.05	−0.003%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0315%	1h	306.98	−0.024%	$829K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.22	+0.054%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0368%	1h	307.44	+0.125%	$1.7M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	307.33	+0.090%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERPshort	+0.0459%	1h	307.46	+0.132%	$295K	$800K	10x
Phoenix TAO	+0.0521%	1h	307.10	+0.015%	$321K	$491K	5x	as long as short
Reya TAORUSDPERPlong	+0.0695%	1h	307.06	long leg	$353	—	20x
Extended TAO-USD	+0.0696%	1h	306.97	−0.028%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.76	+0.230%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	307.10	+0.013%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1150%	1h	307.87	+0.265%	$93.9M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	307.24	+0.060%	$418K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.545%	$22K	$264	12x	as long as short