TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0253%/8h= +27.7% APRnext payment +$0.32 per $10,000 · paid last 24h −0.323%

Price spread now: Bulk against dYdX−0.118%7-day average −0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on dYdX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.516%−$52 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.118%, 7d avg −0.054%

Together, before fees−0.499%−$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.064% cheaper against dYdX than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.054%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 4 days funding on this pair cost −0.516%, 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	312.26	0	get 0.0000% / 1h	56m 15s	$125K	$85K	5x
Short	Bulk TAO-USD	311.89	0.0253	get 0.0032% / 1h	56m 15s	$166K	$333	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.118%Rate

Funding earned: $53.09
Price spread: −0.118% → −0.054%: −$6.4
Slippage, 4 orders: −$74.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$45.1
Costs to cover: 0.918%
Break-even: 12.9 days

Slippage from dYdX: live order book, 58 min ago; Bulk: live order book, 58 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, 58 min ago	31.65 bp	42.5 bp −$42	67.6 bp −$676	147.8 bp −$14.8K	533.8 bp −$266.9K
Sell Bulk live order book, 58 min ago	2.39 bp	6.5 bp −$6	10.9 bp −$109	25.7 bp −$2,567	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
dYdX TAO-USDlong	0.0000%	1h	312.26	long leg	$125K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.43	+0.056%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	312.58	+0.103%	$1K	$869K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.72	+0.148%	$89.4M	$504.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	+0.110%	$26.1M	$121.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.40	+0.046%	$13.4M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.67	+0.132%	$104.1M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.64	+0.122%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.35	+0.030%	$35.2M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.10	−0.371%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	311.63	−0.201%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.45	+0.062%	$82K	$905K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.50	+0.078%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.08	−0.057%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.86	+0.191%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	312.81	+0.177%	$52K	$290K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0122%	4h	311.30	−0.306%	$529K	$942K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0138%	1h	312.44	+0.059%	$415K	—	100x	as long as short
Aster TAOUSDT	+0.0133%	4h	312.74	+0.155%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0200%	8h	312.68	+0.136%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	312.63	+0.119%	$356K	$419K	10x	as long as short
Bulk TAO-USDshort	+0.0253%	1h	311.89	−0.118%	$166K	$333	10x
Bullet TAO-USD	+0.0291%	1h	312.79	+0.171%	$12K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0305%	1h	312.67	+0.131%	$5.5M	$20.7M	50x	as long as short
Nado TAO-PERP	+0.0331%	1h	312.67	+0.134%	$778K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.16	+0.289%	$4.6M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0346%	4h	312.70	+0.142%	$67.6M	$151.1M	50x	as long as short
BingX TAO-USDT	+0.0348%	4h	312.64	+0.122%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0350%	4h	311.27	−0.316%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0352%	1h	312.71	+0.145%	$904K	$2.4M	25x	as long as short
Popdex TAOUSDT	+0.0360%	1h	312.73	+0.151%	$48K	$662K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0437%	1h	312.67	+0.133%	$11K	$1.8M	25x	as long as short
Phemex TAOUSDT	+0.0454%	4h	312.79	+0.171%	$3.1M	$7.9M	50x	as long as short
Phoenix TAO	+0.0457%	1h	312.80	+0.174%	$311K	$713K	5x	as long as short
Arcus TAO-USD	+0.0483%	1h	312.91	+0.209%	$101K	$370K	5x	as long as short
Hyperliquid TAO	+0.0683%	1h	312.79	+0.169%	$91.5M	$108.3M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.57	+0.100%	$359	—	20x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	313.17	+0.292%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0848%	1h	312.92	+0.213%	$1.5M	$6.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0914%	1h	312.74	+0.155%	$311K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	313.22	+0.308%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	312.71	+0.144%	$445K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	315.73	+1.112%	$23K	$2K	12x	as long as short