TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0957%/8h= −104.8% APRnext payment −$1.20 per $10,000 · paid last 24h −0.178%

Price spread now: Aevo against RISEx+0.020%7-day average +0.024% · 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−$166as in the Price arb table

costs, in and out, $10k−$1651.653% of the position

Long on RISEx Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.498%−$50 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.020%, 7d avg +0.024%

Together, before fees−0.516%−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	319.76	0.1077	pay 0.0135% / 1h	41m 26s	$462K	$662K	5x
Short	Aevo TAO-PERP	319.83	0.0120	get 0.0015% / 1h	41m 26s	$176K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against RISEx. 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 RISExbpFee AevobpOrdersPrice spread, now +0.020%Rate

Funding earned: −$200.97
Price spread: +0.020% → +0.024%: −$0.41
Slippage, 4 orders: −$143.25
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$366.64
Costs to cover: 1.653%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Aevo: live order book, 2 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 RISEx live order book, 2 min ago	1.09 bp	4.1 bp −$4	25.4 bp −$254	doesn't fit	doesn't fit
Sell Aevo live order book, 2 min ago	56.19 bp	77.3 bp −$77	426.1 bp −$4,261	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
Bulk TAO-USD	−0.2019%	1h	319.65	−0.036%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.38	−0.122%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.36	−0.126%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.83	+0.020%	$41K	$696K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	+0.073%	$26.6M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−0.083%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.64	−0.039%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.63	−0.042%	$35.9M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.81	+0.014%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.70	−0.020%	$79K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.50	−0.083%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.25	−0.161%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.62	−0.045%	$725	$1.0M	5x	as long as short
Phemex TAOUSDT	+0.0114%	4h	319.91	+0.045%	$3.3M	$8.1M	50x	as long as short
Aevo TAO-PERPshort	+0.0120%	1h	319.83	+0.020%	$176K	$998	3x
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	319.36	−0.126%	$432K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.71	−0.017%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0152%	4h	320.03	+0.084%	$42K	$318K	10x	as long as short
Binance TAOUSDT	+0.0158%	4h	319.87	+0.033%	$92.5M	$527.1M	75x	as long as short
MEXC TAO_USDT	+0.0158%	4h	319.93	+0.052%	$105.1M	$149.6M	300x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	319.78	+0.006%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0313%	4h	319.88	+0.036%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0382%	4h	319.85	+0.027%	$69.8M	$155.8M	50x	as long as short
Bullet TAO-USD	+0.0391%	1h	319.97	+0.065%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0396%	4h	320.21	+0.139%	$4.7M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	319.84	+0.023%	—	$34.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.70	−0.021%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.84	+0.023%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.86	+0.031%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.127%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.167%	$319K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.94	+0.055%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.31	+0.170%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0651%	1h	319.79	+0.007%	$801K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0659%	1h	319.76	−0.002%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0660%	1h	319.75	−0.005%	$300K	$904K	10x	as long as short
Hyperliquid TAO	+0.0671%	1h	320.07	+0.095%	$94.5M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.92	+0.047%	$368	—	20x	as long as short
Lighter TAO	+0.0864%	1h	320.13	+0.116%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.399%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDClong	+0.1077%	1h	319.76	long leg	$462K	$662K	5x
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.92	+0.048%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.209%	$24K	$2K	12x	as long as short