TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.027%

Price spread now: dYdX against ApeX Omni−0.481%50s7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1071.066% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.481%, 7d avg −0.083%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.398% cheaper against ApeX Omni than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	313.77	0.0100	pay 0.0013% / 1h	26m 17s	$47K	$268K	50x
Short	dYdX TAO-USD	312.26	0	get 0.0000% / 1h	26m 17s	$125K	$88K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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 ApeX OmnibpFee dYdXbpOrdersPrice spread, now −0.481%Rate

Funding earned: −$21
Price spread: −0.481% → −0.083%: −$39.81
Slippage, 4 orders: −$86.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$167.41
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; dYdX: live order book, 53 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 ApeX Omni live order book, 51 min ago	3.76 bp	11.3 bp −$11	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell dYdX live order book, 53 min ago	36.40 bp	41.5 bp −$42	64.9 bp −$649	185.3 bp −$18.5K	1078.0 bp −$539.0K

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	−0.4493%	1h	315.57	+0.574%	$169K	$47K	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	312.26	−0.481%	$125K	$88K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.37	−0.766%	$20K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.376%	$23K	$361	12x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0061%	1h	311.84	−0.614%	$20K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.45	−0.739%	$35K	$565K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.18	−0.506%	$369K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.58	−0.698%	$88.3M	$427.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.76	−0.641%	$61.2M	$125.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.60	−0.692%	$25.0M	$101.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.40	−0.755%	$12.4M	$49.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.75	−0.644%	$110.0M	$130.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.52	−0.717%	$18.7M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.71	−0.657%	$34.8M	$46.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.53	−0.714%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.93	+0.051%	$41K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.05	−0.230%	$519K	$956K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	313.77	long leg	$47K	$268K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	311.81	−0.625%	$76K	$489K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.60	−0.691%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	311.86	−0.609%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.38	−0.762%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.64	+0.277%	$127K	$407K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.89	−0.599%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.91	−0.594%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	311.47	−0.733%	$1K	$555K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	311.97	−0.574%	$82K	$586K	5x	as long as short
Aster TAOUSDT	+0.0190%	4h	311.54	−0.709%	$1.1M	$7.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	311.71	−0.656%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0199%	4h	312.46	−0.418%	$4.0M	$7.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.32	−0.143%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0447%	1h	311.39	−0.758%	$822K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	311.99	−0.567%	$5.7M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	311.37	−0.764%	$447K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0524%	1h	313.66	−0.035%	$293K	$804K	10x	as long as short
Phoenix TAO	+0.0537%	1h	314.20	+0.137%	$329K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	311.64	−0.679%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	311.62	−0.684%	$358	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	311.89	−0.600%	$855K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	312.22	−0.494%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1224%	1h	312.64	−0.361%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	311.66	−0.673%	$434K	$567K	5x	as long as short
Hyperliquid TAO	+0.1723%	1h	312.15	−0.516%	$97.4M	$83.9M	5x	as long as short