TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0499%/8h= +54.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.327%

Price spread now: dYdX against Bulk+0.216%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1111.112% of the position

Long on Bulk Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.517%+$52 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.216%, 7d avg +0.054%

Together, before fees+0.392%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and dYdX is 0.162% dearer against Bulk than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	315.15	−0.0499	get 0.0062% / 1h	45m 21s	$167K	$1K	10x
Short	dYdX TAO-USD	315.83	0	get 0.0000% / 1h	45m 21s	$126K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bulk. 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 BulkbpFee dYdXbpOrdersPrice spread, now +0.216%Rate

Funding earned: $104.86
Price spread: +0.216% → +0.054%: $16.16
Slippage, 4 orders: −$94.17
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: $9.85
Costs to cover: 1.112%
Break-even: 6.3 days

Slippage from Bulk: live order book, 14 min ago; dYdX: live order book, 14 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 Bulk live order book, 14 min ago	0.16 bp	3.8 bp −$4	7.1 bp −$71	10.5 bp −$1,053	doesn't fit
Sell dYdX live order book, 14 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-USDlong	−0.0499%	1h	315.15	long leg	$167K	$1K	10x
dYdX TAO-USDshort	0.0000%	1h	315.83	+0.216%	$126K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.89	+0.235%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.97	+0.259%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.24	+0.346%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.02	+0.276%	$91.1M	$489.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.90	+0.238%	$26.0M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.90	+0.238%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.25	+0.349%	$105.7M	$142.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.02	+0.276%	$17.6M	$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	315.93	+0.248%	$35.3M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	+0.197%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.84	+0.219%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.04	+0.282%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.23	+0.343%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.11	+0.305%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.84	+0.219%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.90	+0.238%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.75	+0.190%	$646	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.92	+0.246%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	314.83	−0.100%	$524K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	316.10	+0.301%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0143%	4h	316.14	+0.314%	$68.8M	$146.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0116%	1h	315.91	+0.240%	$428K	—	100x	as long as short
BingX TAO-USDT	+0.0184%	4h	316.11	+0.305%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0194%	8h	316.20	+0.332%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0195%	1h	315.99	+0.268%	$808K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0208%	1h	316.32	+0.371%	$3K	$4K	5x	as long as short
Aster TAOUSDT	+0.0224%	4h	316.07	+0.292%	$1.2M	$10.1M	50x	as long as short
Hyperliquid TAO	+0.0254%	1h	316.37	+0.387%	$94.3M	$105.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0301%	1h	316.41	+0.400%	$317K	$910K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	315.97	+0.261%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.23	+0.343%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.41	+0.400%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	316.15	+0.319%	$363K	$409K	10x	as long as short
Lighter TAO	+0.0416%	1h	316.27	+0.356%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0490%	1h	316.14	+0.315%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.301%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.250%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.16	+0.321%	$364	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	316.30	+0.364%	$437K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	+0.390%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.415%	$23K	$2K	12x	as long as short