TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0977%/8h= −107.0% APRnext payment −$1.22 per $10,000 · paid last 24h −0.177%

Price spread now: Polymarket Perps against RISEx−0.011%7-day average −0.014% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on RISEx Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.492%−$49 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.011%, 7d avg −0.014%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, 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	321.29	0.1077	pay 0.0135% / 1h	52m 17s	$463K	$665K	5x
Short	Polymarket Perps TAO-USD	321.25	0.0100	get 0.0013% / 1h	52m 17s	$78K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$205.17
Price spread: −0.011% → −0.014%: $0.27
Slippage, 4 orders: −$6.62
Fee RISEx: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$225.52
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from RISEx: live order book, 56 min ago; Polymarket Perps: live order book, 1 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, 56 min ago	1.75 bp	4.8 bp −$5	16.5 bp −$165	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	1.56 bp	5.6 bp −$6	7.6 bp −$76	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	−0.2101%	1h	320.87	−0.129%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.75	−0.168%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.96	−0.101%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.41	+0.039%	$40K	$694K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.90	−0.120%	$26.7M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.90	−0.120%	$14.2M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.23	−0.017%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.90	−0.120%	$36.1M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	324.34	+0.951%	$47K	$258K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	321.25	−0.011%	$78K	$1.1M	5x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.81	−0.148%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.97	−0.098%	$118K	$584K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.86	−0.132%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	321.24	−0.014%	$729	$985K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	321.07	−0.067%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.14	−0.045%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0123% / S +0.0155%	1h	320.92	−0.114%	$434K	—	100x	as long as short
MEXC TAO_USDT	+0.0146%	4h	321.32	+0.011%	$105.2M	$149.2M	300x	as long as short
Binance TAOUSDT	+0.0148%	4h	320.78	−0.157%	$93.6M	$524.8M	75x	as long as short
edgeX TAOUSDC	+0.0158%	4h	322.15	+0.270%	$43K	$316K	10x	as long as short
Paradex TAO-USD-PERP	+0.0266%	8h	320.98	−0.094%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0301%	4h	320.87	−0.129%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0370%	1h	321.40	+0.036%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0380%	4h	320.70	−0.182%	$70.0M	$155.6M	50x	as long as short
BingX TAO-USDT	+0.0382%	4h	321.24	−0.014%	—	$34.3M	—	as long as short
BloFin TAO-USDT	+0.0388%	4h	320.87	−0.129%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0434%	4h	321.38	+0.028%	$548K	$937K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	320.98	−0.096%	$914K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0506%	4h	323.50	+0.689%	$5.7M	$10.1M	—	as long as short
Pacifica TAO	+0.0525%	1h	321.08	−0.066%	$365K	$422K	10x	as long as short
Phoenix TAO	+0.0567%	1h	324.40	+0.969%	$323K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0584%	1h	320.58	−0.220%	$319K	$899K	10x	as long as short
Hyperliquid TAO	+0.0613%	1h	321.61	+0.101%	$95.1M	$109.8M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0623%	1h	321.10	−0.059%	$14K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0633%	1h	321.28	−0.003%	$803K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	321.48	+0.061%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.45	+0.051%	$103K	$394K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.46	+0.055%	$370	—	20x	as long as short
Lighter TAO	+0.0864%	1h	321.39	+0.032%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.95	+0.207%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDClong	+0.1077%	1h	321.29	long leg	$463K	$665K	5x
Kraken Futures PF_TAOUSD	+0.1149%	1h	321.22	−0.019%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.168%	$24K	$2K	12x	as long as short