TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.032%

Price spread now: Deribit against dYdX−0.073%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on dYdX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.073%, 7d avg +0.067%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.140% cheaper against dYdX than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of +0.067%). If the spread goes back, that is −$14 on $10k: about 2.1 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.213%, 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	316.02	0.0107	pay 0.0013% / 1h	51m 20s	$127K	$86K	5x
Short	Deribit TAO_USDC-PERPETUAL	315.79	0.0331	get 0.0041% / 1h	51m 20s	$15K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.073%Rate

Funding earned: $47.01
Price spread: −0.073% → +0.067%: −$14
Slippage, 4 orders: −$68.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$52.33
Costs to cover: 0.853%
Break-even: 14.8 days

Slippage from dYdX: live order book, 48 min ago; Deribit: live order book, 3 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, 48 min ago	27.37 bp	32.4 bp −$32	39.3 bp −$393	129.2 bp −$12.9K	563.6 bp −$281.8K
Sell Deribit live order book, 3 min ago	4.90 bp	8.4 bp −$8	14.4 bp −$144	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	316.03	+0.004%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.87	+0.270%	$49K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.47	+0.143%	$647	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	−0.069%	$26.4M	$130.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.339%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	+0.026%	$14.8M	$49.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.47	+0.143%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.38	−0.202%	$35.5M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.30	+0.089%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.05	+0.010%	$1K	$1.9M	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	315.07	−0.300%	$116K	$589K	20x	as long as short
dYdX TAO-USDlong	+0.0107%	1h	316.02	long leg	$127K	$86K	5x
Aevo TAO-PERP	+0.0120%	1h	316.11	+0.029%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0140%	4h	316.42	+0.126%	$542K	$887K	10x	as long as short
MEXC TAO_USDT	+0.0164%	4h	316.29	+0.086%	$103.9M	$151.3M	300x	as long as short
Binance TAOUSDT	+0.0164%	4h	316.40	+0.122%	$92.5M	$531.7M	75x	as long as short
edgeX TAOUSDC	+0.0167%	4h	316.51	+0.156%	$42K	$320K	10x	as long as short
BingX TAO-USDT	+0.0176%	4h	316.31	+0.093%	—	$37.4M	—	as long as short
Orderly PERP_TAO_USDC	+0.0199%	4h	315.85	−0.053%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERP	+0.0252%	8h	316.33	+0.098%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0293%	1h	316.35	+0.104%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0308%	1h	316.74	+0.229%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0324%	4h	316.15	+0.043%	$1.2M	$11.1M	50x	as long as short
Deribit TAO_USDC-PERPETUALshort	+0.0331%	1h	315.79	−0.073%	$15K	$1.9M	25x
Pacifica TAO	+0.0349%	1h	316.44	+0.133%	$371K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0365% / S −0.0107%	1h	316.02	+0.002%	$371K	—	100x	as long as short
Extended TAO-USD	+0.0384%	1h	315.63	−0.123%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0404%	4h	315.64	−0.119%	$4.8M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.79	+0.245%	$100K	$377K	5x	as long as short
Nado TAO-PERP	+0.0561%	1h	316.47	+0.144%	$776K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.50	+0.153%	$318K	$714K	5x	as long as short
Hyperliquid TAO	+0.0579%	1h	316.47	+0.143%	$93.5M	$109.7M	5x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.195%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.10	+0.343%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	315.82	−0.061%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.30	+0.090%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0760%	4h	315.97	−0.015%	$69.6M	$156.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0788%	1h	315.69	−0.103%	$5.9M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0823%	1h	316.40	+0.121%	$316K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.60	+0.184%	$449K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.24	+0.070%	$1.2M	$7.2M	50x	as long as short
Phemex TAOUSDT	+0.1104%	4h	315.68	−0.107%	$3.2M	$8.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.865%	$23K	$2K	12x	as long as short