TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.052%

Price spread now: Hyperliquid against Reya+0.110%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.110% dearer against Reya than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya TAORUSDPERP	313.33	0.0697	pay 0.0087% / 1h	28m 33s	$360	—	20x
Short	Hyperliquid TAO	313.67	0.0803	get 0.0100% / 1h	28m 33s	$91.7M	$108.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.110%Rate

Funding earned: $22.25
Price spread: +0.110% → 0.000%: $10.97
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $18.22
Costs to cover: 0.150%
Break-even: 1.3 days

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago	0.64 bp	8.6 bp −$9	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.92	+0.191%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0038%	1h	313.44	+0.036%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.60	+0.087%	$90.0M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.024%	$26.2M	$122.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	+0.046%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	−0.040%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.43	+0.033%	$107.7M	$145.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.32	−0.002%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.22	−0.034%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	+0.073%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.30	−0.008%	$89K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.12	+0.253%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.04	−0.091%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	313.50	+0.055%	$1K	$920K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	+0.349%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.27	+0.301%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	313.98	+0.207%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0137%	4h	314.00	+0.215%	$3.2M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0144%	1h	313.60	+0.087%	$51K	$667K	20x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.53	+0.066%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.65	+0.103%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	313.40	+0.024%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0271%	1h	313.38	+0.016%	$771K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.24	+0.292%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0321%	1h	313.45	+0.038%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	+0.343%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.331%	$534K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.008%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	313.36	+0.011%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0445%	4h	313.62	+0.094%	$68.1M	$152.5M	50x	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.227%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0464%	1h	313.41	+0.028%	$897K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.88	+0.177%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	+0.279%	$313K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0595%	1h	314.26	+0.299%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERPlong	+0.0697%	1h	313.33	long leg	$360	—	20x
01 Exchange TAOUSD	+0.0760%	1h	313.95	+0.199%	$3K	$4K	5x	as long as short
Hyperliquid TAOshort	+0.0803%	1h	313.67	+0.110%	$91.7M	$108.9M	5x
Lighter TAO	+0.0816%	1h	313.65	+0.104%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0824%	1h	314.13	+0.256%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.16	+0.585%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.63	+0.097%	$454K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.964%	$23K	$2K	12x	as long as short