TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0388%/8h= +42.4% APRnext payment +$0.48 per $10,000 · paid last 24h +0.002%

Price spread now: Bullet against dYdX+0.138%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bullet is 0.138% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	319.58	0	get 0.0000% / 1h	31m 50s	$127K	$85K	5x
Short	Bullet TAO-USD	320.02	0.0388	get 0.0048% / 1h	31m 50s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.138%Rate

Funding earned: $81.41
Price spread: +0.138% → 0.000%: $13.77
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $77.18
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: dYdX: live order book, 12 min ago; Bullet: no order-book sample. 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 dYdX live order book, 12 min ago	44.87 bp	49.9 bp −$50	74.8 bp −$748	137.8 bp −$13.8K	466.4 bp −$233.2K
Sell Bullet no order-book sample	—	—	—	—	—

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
Bulk TAO-USD	−0.1995%	1h	319.47	−0.034%	$170K	$333	10x	as long as short
dYdX TAO-USDlong	0.0000%	1h	319.58	long leg	$127K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.52	−0.020%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.95	+0.116%	$42K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.40	−0.056%	$26.7M	$129.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	+0.006%	$14.2M	$51.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.21	+0.197%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.12	−0.144%	$35.9M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.10	−0.150%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.66	+0.025%	$100K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.77	+0.059%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.11	−0.147%	$119K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.69	+0.034%	$759	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0119% / S +0.0149%	1h	319.55	−0.010%	$427K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.05	+0.146%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.82	+0.075%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0159%	4h	319.21	−0.115%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	320.30	+0.225%	$105.7M	$150.0M	300x	as long as short
Binance TAOUSDT	+0.0165%	4h	319.78	+0.063%	$92.6M	$529.2M	75x	as long as short
Paradex TAO-USD-PERP	+0.0262%	8h	319.53	−0.016%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0276%	4h	319.89	+0.097%	$3.3M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0328%	4h	320.02	+0.137%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0343%	4h	319.51	−0.022%	$69.8M	$156.2M	50x	as long as short
BingX TAO-USDT	+0.0362%	4h	319.69	+0.034%	—	$34.5M	—	as long as short
Bullet TAO-USDshort	+0.0388%	1h	320.02	+0.138%	$12K	$17K	20x
GRVT TAO_USDT_Perp	+0.0388%	4h	318.88	−0.219%	$543K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.65	+0.335%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0472%	1h	320.23	+0.204%	$916K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.76	+0.056%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	318.75	−0.260%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.20	−0.119%	$318K	$709K	5x	as long as short
Nado TAO-PERP	+0.0587%	1h	319.87	+0.091%	$798K	$2.1M	10x	as long as short
Hyperliquid TAO	+0.0618%	1h	319.58	0.000%	$94.4M	$110.3M	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	320.20	+0.194%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.25	+0.210%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0689%	1h	320.01	+0.135%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.75	+0.052%	$368	—	20x	as long as short
Lighter TAO	+0.0800%	1h	320.00	+0.131%	$1.5M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0805%	1h	320.00	+0.131%	$10K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.37	+0.247%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.83	+0.078%	$458K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	320.00	+0.132%	$5.9M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.267%	$24K	$2K	12x	as long as short