TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0981%/8h= −107.4% APRnext payment −$1.23 per $10,000 · paid last 24h −0.180%

Price spread now: Popdex against RISEx−0.039%7-day average −0.019% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on RISEx Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.507%−$51 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.039%, 7d avg −0.019%

Together, before fees−0.524%−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, 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	319.86	0.1077	pay 0.0135% / 1h	37m 54s	$459K	$664K	5x
Short	Popdex TAOUSDT	319.73	0.0096	get 0.0012% / 1h	37m 54s	$44K	$694K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$206.01
Price spread: −0.039% → −0.019%: −$1.98
Slippage, 4 orders: −$14.33
Fee RISEx: 3 bp × 2 orders: −$6
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$234.73
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from RISEx: live order book, 6 min ago; Popdex: live order book, 6 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, 6 min ago	1.09 bp	4.1 bp −$4	25.4 bp −$254	doesn't fit	doesn't fit
Sell Popdex live order book, 6 min ago	0.47 bp	9.8 bp −$10	75.0 bp −$750	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	−0.064%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.14	−0.225%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.25	−0.190%	$20K	—	150x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	319.73	−0.039%	$44K	$694K	20x
OKX TAO-USDT-SWAP	+0.0100%	8h	319.00	−0.267%	$26.5M	$129.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.00	−0.267%	$14.2M	$51.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.44	−0.130%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.93	−0.289%	$35.7M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.72	−0.042%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.36	−0.155%	$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	319.36	−0.155%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.73	−0.352%	$118K	$588K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.78	−0.024%	$1K	$1.0M	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	319.62	−0.074%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.66	−0.059%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0120% / S +0.0157%	1h	319.54	−0.098%	$432K	—	100x	as long as short
MEXC TAO_USDT	+0.0158%	4h	319.35	−0.158%	$104.9M	$149.7M	300x	as long as short
Binance TAOUSDT	+0.0159%	4h	319.37	−0.152%	$92.4M	$527.4M	75x	as long as short
edgeX TAOUSDC	+0.0159%	4h	319.80	−0.019%	$42K	$316K	10x	as long as short
Phemex TAOUSDT	+0.0197%	4h	319.61	−0.077%	$3.2M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0259%	8h	319.39	−0.146%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0314%	4h	319.13	−0.226%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0362%	4h	319.06	−0.249%	$69.7M	$155.8M	50x	as long as short
Bullet TAO-USD	+0.0384%	1h	319.70	−0.049%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0387%	4h	319.26	−0.186%	—	$34.5M	—	as long as short
BloFin TAO-USDT	+0.0398%	4h	319.97	+0.036%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0402%	4h	319.74	−0.035%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0480%	1h	319.14	−0.224%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.46	−0.122%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0535%	4h	319.70	−0.049%	$5.6M	$10.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0559%	1h	319.51	−0.107%	$13K	$1.9M	25x	as long as short
Phoenix TAO	+0.0567%	1h	320.20	+0.108%	$319K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	320.14	+0.089%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0638%	1h	319.56	−0.093%	$797K	$2.1M	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.29	+0.136%	$103K	$394K	5x	as long as short
Hyperliquid TAO	+0.0642%	1h	319.66	−0.061%	$94.4M	$110.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0674%	1h	319.66	−0.061%	$300K	$904K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.54	−0.098%	$367	—	20x	as long as short
Lighter TAO	+0.0864%	1h	319.89	+0.010%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.323%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDClong	+0.1077%	1h	319.86	long leg	$459K	$664K	5x
Kraken Futures PF_TAOUSD	+0.1155%	1h	319.72	−0.042%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.180%	$24K	$2K	12x	as long as short