TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0153%/8h= −16.8% APRnext payment −$0.19 per $10,000 · paid last 24h −0.009%

Price spread now: dYdX against Bullet+0.065%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on dYdX

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—needs both histories

The price spread pays, funding is against you. dYdX is 0.065% dearer against Bullet than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	316.59	0.0225	pay 0.0028% / 1h	47m 32s	$12K	$17K	20x
Short	dYdX TAO-USD	316.80	0.0071	get 0.0009% / 1h	47m 32s	$127K	$86K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bullet. 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 BulletbpFee dYdXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$32.16
Price spread: +0.065% → 0.000%: $6.51
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$43.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; dYdX: live order book, 51 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell dYdX live order book, 51 min ago	27.37 bp	33.3 bp −$33	54.5 bp −$545	143.9 bp −$14.4K	571.4 bp −$285.7K

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.25	−0.108%	$22K	—	150x	as long as short
dYdX TAO-USDshort	+0.0071%	1h	316.80	+0.065%	$127K	$86K	5x
Popdex TAOUSDT	+0.0096%	1h	317.21	+0.196%	$50K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	317.01	+0.133%	$920	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	+0.035%	$26.4M	$131.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	+0.066%	$14.8M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.64	+0.016%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.48	−0.035%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.88	+0.092%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.82	+0.073%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	316.41	−0.057%	$116K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.96	+0.117%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.12	+0.166%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	316.63	+0.013%	$104.3M	$151.6M	300x	as long as short
Binance TAOUSDT	+0.0162%	4h	316.95	+0.114%	$92.8M	$531.7M	75x	as long as short
edgeX TAOUSDC	+0.0164%	4h	316.63	+0.014%	$42K	$321K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0203%	4h	317.03	+0.139%	$54K	$299K	10x	as long as short
Bullet TAO-USDlong	+0.0225%	1h	316.59	long leg	$12K	$17K	20x
GRVT TAO_USDT_Perp	+0.0228%	4h	316.92	+0.103%	$542K	$887K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	−0.126%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	317.25	+0.210%	$14K	$876	10x	as long as short
ApeX Omni TAOUSDT	+0.0294%	1h	316.58	−0.003%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	316.92	+0.104%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	317.23	+0.203%	$372K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0107%	1h	316.80	+0.067%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0376%	1h	317.09	+0.157%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0398%	4h	316.98	+0.123%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	317.36	+0.243%	$100K	$377K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0524%	1h	316.98	+0.122%	$15K	$1.9M	25x	as long as short
Bybit TAOUSDT	+0.0526%	4h	316.97	+0.120%	$69.8M	$156.2M	50x	as long as short
Hyperliquid TAO	+0.0531%	1h	316.88	+0.092%	$93.3M	$110.1M	5x	as long as short
Nado TAO-PERP	+0.0565%	1h	316.73	+0.045%	$770K	$2.0M	10x	as long as short
BingX TAO-USDT	+0.0568%	4h	317.17	+0.183%	—	$37.3M	—	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.313%	$317K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.56	+0.306%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.185%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0664%	1h	317.37	+0.247%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.52	−0.022%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0785%	1h	317.00	+0.130%	$6.0M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0786%	1h	317.22	+0.199%	$317K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.95	+0.113%	$449K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.42	+0.262%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.680%	$23K	$2K	12x	as long as short