TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.026%

Price spread now: Arcus against dYdX+0.137%7-day average +0.121% · 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−$92as in the Price arb table

costs, in and out, $10k−$940.935% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.137%, 7d avg +0.121%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.121%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.112%, 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	315.66	0.0110	pay 0.0014% / 1h	54m 51s	$127K	$86K	5x
Short	Arcus TAO-USD	316.09	0.0404	get 0.0051% / 1h	54m 51s	$99K	$377K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.137%Rate

Funding earned: $61.7
Price spread: +0.137% → +0.121%: $1.55
Slippage, 4 orders: −$79.05
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$30.29
Costs to cover: 0.935%
Break-even: 10.4 days

Slippage from dYdX: live order book, 44 min ago; Arcus: live order book, 44 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, 44 min ago	27.37 bp	32.4 bp −$32	39.3 bp −$393	129.2 bp −$12.9K	563.6 bp −$281.8K
Sell Arcus live order book, 44 min ago	9.78 bp	14.8 bp −$15	26.2 bp −$262	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.51	−0.047%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.81	+0.048%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.55	−0.034%	$2K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	+0.045%	$26.3M	$130.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.453%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.70	+0.013%	$14.7M	$48.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.07	+0.130%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.89	+0.073%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.55	−0.034%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.64	−0.006%	$1K	$2.0M	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	315.26	−0.126%	$115K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0101% / S +0.0141%	1h	315.40	−0.082%	$402K	—	100x	as long as short
dYdX TAO-USDlong	+0.0110%	1h	315.66	long leg	$127K	$86K	5x
Aevo TAO-PERP	+0.0120%	1h	315.98	+0.101%	$174K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0157%	1h	317.94	+0.723%	$46K	$259K	50x	as long as short
Binance TAOUSDT	+0.0167%	4h	316.10	+0.140%	$92.5M	$532.1M	75x	as long as short
MEXC TAO_USDT	+0.0170%	4h	316.21	+0.175%	$103.7M	$151.2M	300x	as long as short
edgeX TAOUSDC	+0.0175%	4h	318.15	+0.789%	$42K	$319K	10x	as long as short
BingX TAO-USDT	+0.0181%	4h	316.04	+0.121%	—	$37.4M	—	as long as short
Orderly PERP_TAO_USDC	+0.0191%	4h	315.70	+0.013%	$54K	$299K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0224%	4h	318.19	+0.800%	$545K	$887K	10x	as long as short
Paradex TAO-USD-PERP	+0.0246%	8h	315.85	+0.061%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0276%	1h	315.91	+0.080%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0329%	4h	316.03	+0.118%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	315.91	+0.079%	$370K	$454K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	316.19	+0.169%	$899K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0356%	1h	315.77	+0.035%	$15K	$1.9M	25x	as long as short
Arcus TAO-USDshort	+0.0404%	1h	316.09	+0.137%	$99K	$377K	5x
BloFin TAO-USDT	+0.0407%	4h	316.02	+0.115%	$3.8M	$10.9M	100x	as long as short
Hyperliquid TAO	+0.0461%	1h	316.11	+0.143%	$93.5M	$110.4M	5x	as long as short
Nado TAO-PERP	+0.0544%	1h	315.78	+0.038%	$773K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.309%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.30	+0.837%	$320K	$714K	5x	as long as short
Lighter TAO	+0.0648%	1h	316.13	+0.148%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	316.08	+0.134%	$3K	$4K	5x	as long as short
Bybit TAOUSDT	+0.0691%	4h	316.03	+0.118%	$69.5M	$156.7M	50x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.83	+0.053%	$363	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0773%	1h	315.87	+0.067%	$316K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0788%	1h	315.95	+0.093%	$5.9M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	315.73	+0.023%	$443K	$666K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.54	+0.279%	$1.2M	$7.3M	50x	as long as short
Phemex TAOUSDT	+0.1954%	4h	315.67	+0.004%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.980%	$23K	$2K	12x	as long as short