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: ApeX Omni against dYdX+0.326%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

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

Long on dYdX Short on ApeX Omni

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)+0.085%+$8 · spread now +0.326%, 7d avg +0.083%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.243% dearer against dYdX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.083%. Mind the row above: over the last 7 days funding on this pair cost −0.076%, 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	312.75	0	get 0.0000% / 1h	26m 50s	$125K	$88K	5x
Short	ApeX Omni TAOUSDT	313.77	0.0100	get 0.0013% / 1h	26m 50s	$47K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.326%Rate

Funding earned: $21
Price spread: +0.326% → +0.083%: $24.3
Slippage, 4 orders: −$86.59
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.29
Costs to cover: 1.066%
Break-even: 27.4 days

Slippage from dYdX: live order book, 52 min ago; ApeX Omni: live order book, 50 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, 52 min ago	36.40 bp	41.4 bp −$41	55.7 bp −$557	168.0 bp −$16.8K	1238.5 bp −$619.2K
Sell ApeX Omni live order book, 50 min ago	3.76 bp	12.3 bp −$12	116.0 bp −$1,160	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	−0.4493%	1h	315.57	+0.902%	$169K	$47K	10x	as long as short
dYdX TAO-USDlong	0.0000%	1h	312.75	long leg	$125K	$88K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.20	+0.145%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.703%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.10	+0.112%	$35K	$571K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.10	+0.112%	$371K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.10	+0.113%	$88.8M	$427.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.11	+0.115%	$61.4M	$125.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	+0.048%	$25.2M	$101.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.30	+0.176%	$12.5M	$49.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.34	+0.189%	$110.5M	$130.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.67	+0.294%	$18.8M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.77	+0.006%	$34.9M	$46.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.05	+0.096%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.93	+0.378%	$41K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.05	+0.095%	$519K	$956K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	313.77	+0.326%	$47K	$268K	50x
Bullet TAO-USD	+0.0100%	1h	313.42	+0.214%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.33	+0.185%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.14	+0.125%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.59	+0.269%	$127K	$402K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.26	+0.163%	$3.3M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0102%	1h	313.58	+0.265%	$77K	$489K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.49	+0.237%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.10	+0.112%	$1K	$552K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.23	+0.153%	$83K	$586K	5x	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	312.91	+0.051%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0196%	4h	313.45	+0.223%	$1.1M	$7.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0196%	1h	313.29	+0.171%	$21K	$1.5M	25x	as long as short
Variational Omni TAO	+0.0200%	4h	313.88	+0.361%	$4.0M	$7.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.32	+0.182%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0441%	1h	313.20	+0.143%	$827K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	313.19	+0.142%	$5.7M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.18	+0.137%	$449K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0524%	1h	313.66	+0.291%	$293K	$804K	10x	as long as short
Phoenix TAO	+0.0537%	1h	314.20	+0.464%	$329K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	313.23	+0.153%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.44	+0.220%	$360	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	313.49	+0.237%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.27	+0.166%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1232%	1h	313.73	+0.312%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.15	+0.129%	$436K	$567K	5x	as long as short
Hyperliquid TAO	+0.1730%	1h	313.54	+0.253%	$97.8M	$83.9M	5x	as long as short