TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.026%

Price spread now: dYdX against Aevo−0.135%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2182.182% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.135%, 7d avg −0.062%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.073% cheaper against Aevo than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.062%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.083%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	303.97	0.0104	pay 0.0013% / 1h	28m 30s	$167K	$998	3x
Short	dYdX TAO-USD	303.56	0.0021	get 0.0003% / 1h	28m 30s	$124K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aevo. 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 AevobpFee dYdXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$17.46
Price spread: −0.135% → −0.062%: −$7.28
Slippage, 4 orders: −$192.19
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$242.92
Costs to cover: 2.182%
Break-even: never at this rate

Slippage from Aevo: live order book, 55 min ago; dYdX: live order book, 55 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 Aevo live order book, 55 min ago	41.20 bp	60.8 bp −$61	333.3 bp −$3,333	doesn't fit	doesn't fit
Sell dYdX live order book, 55 min ago	43.74 bp	49.8 bp −$50	63.6 bp −$636	174.1 bp −$17.4K	377.9 bp −$188.9K

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 −0.0007%	1h	303.65	−0.107%	$26K	—	150x	as long as short
dYdX TAO-USDshort	+0.0021%	1h	303.56	−0.135%	$124K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	303.95	−0.007%	$45K	$537K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.60	−0.122%	$84.9M	$413.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.46	−0.168%	$58.6M	$121.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.10	−0.286%	$24.5M	$95.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.14	+0.056%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	−0.195%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.90	−0.023%	$12.1M	$48.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.99	+0.007%	$111.1M	$125.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.97	0.000%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.78	−0.062%	$33.9M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.00	+0.010%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	−0.060%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	−0.231%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.72	−0.412%	$501K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.45	−0.171%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.97	0.000%	$74K	$595K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.93	−0.013%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.85	−0.039%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.55	−0.138%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.93	−0.013%	$122K	$364K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.87	−0.033%	$3.2M	$7.9M	50x	as long as short
Aster TAOUSDT	+0.0102%	4h	303.92	−0.016%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	303.97	long leg	$167K	$998	3x
Katana Perps TAO-USD	+0.0111%	8h	303.84	−0.043%	$1K	$497K	5x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	303.99	+0.007%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.06	+0.030%	$359K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.66	−0.102%	$433K	—	100x	as long as short
Nado TAO-PERP	+0.0333%	1h	303.32	−0.215%	$818K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.93	−0.013%	$4.2M	$9.4M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0352%	1h	303.98	+0.003%	$22K	$1.4M	25x	as long as short
Lighter TAO	+0.0384%	1h	304.16	+0.064%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.09	+0.039%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0444%	1h	304.01	+0.013%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.50	−0.155%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.77	−0.065%	$349	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	303.98	+0.004%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.73	−0.079%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.81	−0.052%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1057%	1h	304.38	+0.135%	$92.4M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.04	+0.024%	$411K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.566%	$22K	$264	12x	as long as short