TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.080%

Price spread now: Reya against 01 Exchange−0.150%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.150% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 19 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	317.22	0.0672	pay 0.0084% / 1h	56m 31s	$3K	$4K	5x
Short	Reya TAORUSDPERP	316.74	0.0698	get 0.0087% / 1h	56m 31s	$364	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against 01 Exchange. 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 01 ExchangebpFee ReyabpOrdersPrice spread, now −0.150%Rate

Funding earned: $5.44
Price spread: −0.150% → 0.000%: −$15.02
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$22.58
Costs to cover: 0.130%
Break-even: 36.1 days

Slippage unknown: 01 Exchange: no order-book sample; Reya: no order-book sample. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

01 Exchange and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
dYdX TAO-USD	0.0000%	1h	316.73	−0.154%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.91	−0.096%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.97	−0.079%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	−0.132%	$26.5M	$129.4M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.198%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.164%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.89	−0.104%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.54	−0.214%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.02	−0.063%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.77	−0.142%	$84K	$1.2M	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	317.02	−0.063%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.60	−0.195%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	316.91	−0.098%	$719	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0111% / S +0.0155%	1h	316.90	−0.102%	$423K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.39	+0.052%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0135%	4h	317.15	−0.022%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0165%	4h	316.92	−0.095%	$92.0M	$528.8M	75x	as long as short
MEXC TAO_USDT	+0.0168%	4h	316.99	−0.073%	$107.2M	$150.4M	300x	as long as short
edgeX TAOUSDC	+0.0169%	4h	317.60	+0.120%	$42K	$317K	10x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.60	+0.120%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0226%	8h	316.98	−0.076%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0242%	4h	316.84	−0.120%	—	$36.9M	—	as long as short
Bybit TAOUSDT	+0.0244%	4h	317.09	−0.041%	$69.4M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	317.00	−0.070%	$360K	$427K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	316.77	−0.141%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	+0.043%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0328%	4h	316.98	−0.076%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0408%	4h	317.28	+0.019%	$4.7M	$10.9M	100x	as long as short
Lighter TAO	+0.0432%	1h	317.13	−0.027%	$1.6M	$6.8M	5x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.23	+0.003%	$102K	$389K	5x	as long as short
Nado TAO-PERP	+0.0479%	1h	316.91	−0.099%	$785K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0486%	1h	317.17	−0.014%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	+0.066%	$5.6M	$10.2M	—	as long as short
Hyperliquid TAO	+0.0561%	1h	317.13	−0.029%	$93.8M	$110.1M	5x	as long as short
Phoenix TAO	+0.0567%	1h	318.10	+0.277%	$317K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0594%	1h	317.20	−0.006%	$295K	$905K	10x	as long as short
Phemex TAOUSDT	+0.0597%	4h	317.37	+0.047%	$3.2M	$8.2M	50x	as long as short
01 Exchange TAOUSDlong	+0.0672%	1h	317.22	long leg	$3K	$4K	5x
Reya TAORUSDPERPshort	+0.0698%	1h	316.74	−0.150%	$364	—	20x
RISEx TAO/USDC	+0.0831%	1h	316.89	−0.105%	$437K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.33	+0.034%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.06	+0.265%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+1.088%	$23K	$2K	12x	as long as short