TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h +0.078%

Price spread now: Coinbase International against RISEx+0.270%7-day average +0.169% · 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−$28as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.270%, 7d avg +0.169%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.101% dearer against RISEx than usual: you sell high and buy low (spread +0.270% now, against its 7-day average of +0.169%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	314.18	0.0948	pay 0.0118% / 1h	24m 46s	$455K	$649K	5x
Short	Coinbase International TAO-PERP-INTX	315.03	0.0928	get 0.0116% / 1h	24m 46s	$1.5M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.270%Rate

Funding earned: −$4.19
Price spread: +0.270% → +0.169%: $10.11
Slippage, 4 orders: −$22.57
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.65
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from RISEx: live order book, 24 min ago; Coinbase International: live order book, 4 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, 24 min ago	1.75 bp	4.8 bp −$5	16.5 bp −$165	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	9.23 bp	14.2 bp −$14	18.5 bp −$185	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.81	−0.119%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0044%	1h	314.36	+0.056%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.76	+0.182%	$90.4M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	+0.228%	$26.3M	$122.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.226%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.70	−0.154%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.81	+0.200%	$108.7M	$146.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.64	+0.146%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.69	+0.161%	$35.5M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.294%	$41K	$314K	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	313.92	−0.084%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.96	−0.071%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.54	−0.205%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.07	−0.036%	$643	$928K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.08	−0.034%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.15	−0.010%	$52K	$290K	10x	as long as short
Popdex TAOUSDT	+0.0128%	1h	314.15	−0.010%	$51K	$668K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	313.81	−0.118%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0192%	4h	313.96	−0.071%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0211%	4h	314.27	+0.029%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.76	+0.183%	$358K	$419K	10x	as long as short
Nado TAO-PERP	+0.0268%	1h	314.20	+0.006%	$775K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0272%	8h	315.06	+0.280%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.19	+0.003%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	314.15	−0.009%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	−0.068%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	−0.053%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0359%	1h	313.36	−0.262%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0423%	4h	314.88	+0.222%	$68.5M	$152.5M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	314.82	+0.203%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.371%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0480%	1h	313.75	−0.139%	$896K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	315.13	+0.301%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.281%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0644%	1h	314.10	−0.028%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.07	−0.037%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.46	+0.088%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0776%	1h	314.93	+0.239%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0803%	1h	314.72	+0.171%	$92.0M	$108.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0812%	1h	314.16	−0.007%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTXshort	+0.0928%	1h	315.03	+0.270%	$1.5M	$6.8M	50x
RISEx TAO/USDClong	+0.0948%	1h	314.18	long leg	$455K	$649K	5x
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.686%	$23K	$2K	12x	as long as short