TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h 0.000%

Price spread now: dYdX against Arcus−0.114%7-day average −0.117% · 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−$127as in the Price arb table

costs, in and out, $10k−$1271.273% of the position

Long on Arcus Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.132%+$13 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.114%, 7d avg −0.117%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.117%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.132%, 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	Arcus TAO-USD	315.85	0.0345	pay 0.0043% / 1h	43m 11s	$100K	$488K	5x
Short	dYdX TAO-USD	315.49	0	get 0.0000% / 1h	43m 11s	$126K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Arcus. 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 ArcusbpFee dYdXbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$72.54
Price spread: −0.114% → −0.117%: $0.32
Slippage, 4 orders: −$112.77
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$199.49
Costs to cover: 1.273%
Break-even: never at this rate

Slippage from Arcus: live order book, 16 min ago; dYdX: live order book, 16 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 Arcus live order book, 16 min ago	9.98 bp	12.3 bp −$12	21.7 bp −$217	doesn't fit	doesn't fit
Sell dYdX live order book, 16 min ago	46.16 bp	51.2 bp −$51	66.6 bp −$666	146.3 bp −$14.6K	883.6 bp −$441.8K

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	−0.0482%	1h	315.13	−0.228%	$167K	$1K	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	315.49	−0.114%	$126K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.289%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	−0.275%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.27	−0.184%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.06	−0.251%	$90.8M	$490.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.00	−0.269%	$25.9M	$119.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.301%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.07	−0.247%	$105.7M	$142.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.92	−0.294%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.80	−0.332%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	−0.025%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	+0.070%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.05	−0.253%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.18	−0.213%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.60	−0.079%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.93	−0.291%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.04	−0.256%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.98	−0.275%	$645	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.99	−0.272%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	+0.080%	$526K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	314.98	−0.275%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0139%	4h	315.11	−0.234%	$68.6M	$146.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0117%	1h	314.92	−0.294%	$427K	—	100x	as long as short
BingX TAO-USDT	+0.0184%	4h	315.02	−0.263%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	315.71	−0.045%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0200%	1h	315.35	−0.159%	$806K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0221%	4h	315.10	−0.238%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSD	+0.0232%	1h	315.24	−0.193%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0262%	1h	315.19	−0.209%	$93.8M	$105.2M	5x	as long as short
Extended TAO-USD	+0.0312%	1h	315.00	−0.269%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0313%	1h	315.06	−0.250%	$316K	$910K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.07	−0.247%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USDlong	+0.0345%	1h	315.85	long leg	$100K	$488K	5x
Pacifica TAO	+0.0365%	1h	315.91	+0.019%	$362K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0400%	1h	315.03	−0.259%	$11K	$1.6M	25x	as long as short
Lighter TAO	+0.0408%	1h	315.32	−0.166%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.079%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.027%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.12	−0.230%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.33	−0.164%	$437K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	+0.168%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.190%	$23K	$2K	12x	as long as short