TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.009%

Price spread now: Aevo against dYdX+0.058%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3033.027% of the position

Long on dYdX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.058%, 7d avg +0.081%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.023% cheaper against dYdX than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.081%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	320.84	0	get 0.0000% / 1h	36m 29s	$128K	$84K	5x
Short	Aevo TAO-PERP	321.02	0.0104	get 0.0013% / 1h	36m 29s	$176K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against dYdX. 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 dYdXbpFee AevobpOrdersPrice spread, now +0.058%Rate

Funding earned: $21.84
Price spread: +0.058% → +0.081%: −$2.28
Slippage, 4 orders: −$276.66
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$283.11
Costs to cover: 3.027%
Break-even: 97.7 days

Slippage from dYdX: live order book, 27 min ago; Aevo: live order book, 27 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 dYdX live order book, 27 min ago	38.70 bp	45.9 bp −$46	73.6 bp −$736	179.9 bp −$18.0K	664.8 bp −$332.4K
Sell Aevo live order book, 27 min ago	80.37 bp	106.2 bp −$106	doesn't fit	doesn't fit	doesn't fit

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	−0.3652%	1h	316.49	−1.356%	$168K	$1K	10x	as long as short
dYdX TAO-USDlong	0.0000%	1h	320.84	long leg	$128K	$84K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.05	−0.245%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.77	−0.022%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.49	−0.109%	$93.4M	$474.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.30	−0.168%	$26.3M	$117.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	−0.106%	$13.1M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.64	−0.062%	$109.7M	$140.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.49	−0.109%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.49	−0.109%	$35.8M	$54.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.73	−0.345%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.02	+0.056%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.64	−0.062%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.50	−0.106%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.10	+0.081%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	321.02	+0.058%	$176K	$998	3x
Orderly PERP_TAO_USDC	+0.0107%	4h	320.46	−0.118%	$58K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.84	0.000%	$682	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0106%	1h	320.08	−0.237%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.465%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	320.86	+0.005%	$5.7M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0303%	1h	320.58	−0.079%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0320%	8h	321.19	+0.110%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.38	+0.169%	$4.5M	$10.7M	100x	as long as short
Aster TAOUSDT	+0.0342%	4h	320.88	+0.014%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0448%	1h	321.17	+0.104%	$379K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.106%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	321.45	+0.190%	$101K	$490K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0513%	1h	320.89	+0.015%	$17K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0539%	1h	320.54	−0.094%	$777K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0591%	4h	320.48	−0.112%	$68.5M	$140.7M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	320.37	−0.146%	—	$30.3M	—	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.511%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.58	−0.080%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	321.39	+0.172%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.194%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0888%	1h	321.38	+0.169%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0912%	1h	321.12	+0.087%	$939K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1015%	1h	321.59	+0.234%	$442K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	321.24	+0.125%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	321.21	+0.116%	$457K	$627K	5x	as long as short
Hyperliquid TAO	+0.1355%	1h	320.95	+0.035%	$100.9M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.789%	$24K	$2K	12x	as long as short