TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0796%/8h= −87.1% APRnext payment −$0.99 per $10,000 · paid last 24h −0.190%

Price spread now: dYdX against RISEx−0.304%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$770.771% of the position

Long on RISEx Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.367%−$37 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.304%, 7d avg −0.064%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and dYdX is 0.240% cheaper against RISEx than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	317.00	0.0831	pay 0.0104% / 1h	34m 40s	$444K	$673K	5x
Short	dYdX TAO-USD	316.04	0.0036	get 0.0004% / 1h	34m 40s	$126K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.304%Rate

Funding earned: −$167.06
Price spread: −0.304% → −0.064%: −$24.04
Slippage, 4 orders: −$61.15
Fee RISEx: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$268.24
Costs to cover: 0.771%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; dYdX: 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, 4 min ago	2.68 bp	5.7 bp −$6	30.5 bp −$305	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	27.37 bp	33.3 bp −$33	54.5 bp −$545	143.9 bp −$14.4K	571.4 bp −$285.7K

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 −0.0005%	1h	316.12	−0.278%	$22K	—	150x	as long as short
dYdX TAO-USDshort	+0.0036%	1h	316.04	−0.304%	$126K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	317.13	+0.041%	$44K	$712K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	+0.063%	$26.4M	$130.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	−0.221%	$14.4M	$51.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.34	−0.209%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.62	−0.120%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.70	−0.095%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.30	−0.221%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.20	−0.253%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.86	−0.360%	$115K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	316.90	−0.032%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0107% / S +0.0136%	1h	316.16	−0.265%	$403K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	316.50	−0.158%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	316.30	−0.221%	$52K	$294K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0165%	1h	316.29	−0.224%	$15K	$1.9M	25x	as long as short
MEXC TAO_USDT	+0.0166%	4h	316.37	−0.199%	$99.8M	$151.5M	300x	as long as short
Binance TAOUSDT	+0.0167%	4h	317.04	+0.011%	$91.8M	$530.7M	75x	as long as short
edgeX TAOUSDC	+0.0179%	4h	316.75	−0.080%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	316.47	−0.167%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0261%	1h	316.46	−0.171%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0264%	4h	317.18	+0.056%	$69.4M	$156.7M	50x	as long as short
BingX TAO-USDT	+0.0280%	4h	316.40	−0.190%	—	$37.0M	—	as long as short
Pacifica TAO	+0.0313%	1h	316.39	−0.192%	$371K	$452K	10x	as long as short
Bulk TAO-USD	+0.0317%	1h	319.23	+0.703%	$170K	$0	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	317.09	+0.029%	$541K	$918K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	316.93	−0.024%	$903K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0323%	4h	317.03	+0.008%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0407%	4h	316.79	−0.067%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.04	+0.012%	$100K	$384K	5x	as long as short
Nado TAO-PERP	+0.0487%	1h	316.31	−0.217%	$786K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0495%	4h	316.60	−0.126%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0504%	1h	316.59	−0.129%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0534%	4h	316.88	−0.037%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	317.20	+0.063%	$316K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0669%	1h	316.85	−0.048%	$292K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	317.35	+0.110%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.35	−0.205%	$364	—	20x	as long as short
Hyperliquid TAO	+0.0734%	1h	316.54	−0.145%	$93.6M	$110.1M	5x	as long as short
RISEx TAO/USDClong	+0.0831%	1h	317.00	long leg	$444K	$673K	5x
Kraken Futures PF_TAOUSD	+0.0837%	1h	316.64	−0.115%	$5.9M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.20	+0.063%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.873%	$23K	$2K	12x	as long as short