Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0449%/8h= +49.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.110%
Price spread now: Kraken Futures against dYdX+0.091%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1121.119% of the position
Long on dYdXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.096%+$10 on $10k
Price spread, last 3 days (all we have)+0.069%+$7 · spread now +0.091%, 7d avg +0.092%
Together, before fees+0.165%+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX TAO-USD312.760get 0.0000% / 1h22m 02s$125K$88K5x
ShortKraken Futures PF_TAOUSD313.040.0449get 0.0056% / 1h22m 02s$5.7M$19.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$94.24
Price spread: +0.091% → +0.092%
−$0.15
Slippage, 4 orders
−$91.94
Fee dYdX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$17.86
Costs to cover
1.119%
Break-even
8.3 days
Slippage from dYdX: live order book, 57 min ago; Kraken Futures: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 57 min ago36.40 bp41.4 bp −$4155.7 bp −$557168.0 bp −$16.8K1238.5 bp −$619.2K
Sell Kraken Futures live order book, 2 min ago7.08 bp12.7 bp −$1332.5 bp −$325111.3 bp −$11.1Kdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.4493%1h315.57+0.899%$169K$47K10xas long as short
dYdX TAO-USDlong0.0000%1h312.76long leg$125K$88K5x
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.89+0.040%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.95+0.700%$23K$36112xas long as short
Popdex TAOUSDT+0.0096%1h313.77+0.323%$37K$571K20xas long as short
Pacifica TAO+0.0100%1h313.02+0.083%$370K$363K10xas long as short
Binance TAOUSDT+0.0100%4h313.16+0.128%$88.8M$427.8M75xas long as short
Bybit TAOUSDT+0.0100%4h313.27+0.163%$61.6M$125.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.00+0.077%$25.1M$101.7M50xas long as short
Gate TAO_USDT+0.0100%4h313.00+0.077%$12.5M$50.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.03+0.087%$110.5M$131.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.02+0.083%$18.5M$27.8M75xas long as short
Bitget TAOUSDT+0.0100%4h312.87+0.035%$34.9M$46.7M50xas long as short
BingX TAO-USDT+0.0100%4h313.10+0.109%—$30.3M—as long as short
edgeX TAOUSDC+0.0100%4h312.02−0.236%$40K$280K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h313.92+0.370%$521K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.97−0.252%$47K$268K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h313.96+0.384%$77K$466K5xas long as short
Bullet TAO-USD+0.0100%1h313.17+0.131%$11K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.08+0.103%$60K$275K10xas long as short
SunX TAO-USDT+0.0100%4h313.13+0.119%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h313.58+0.262%$128K$408K20xas long as short
Phemex TAOUSDT+0.0100%4h313.14+0.122%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h313.27+0.164%$172K$9983xas long as short
Katana Perps TAO-USD+0.0109%8h313.24+0.154%$3K$555K5xas long as short
Aster TAOUSDT+0.0177%4h313.00+0.078%$1.1M$7.9M50xas long as short
Arcus TAO-USD+0.0186%1h313.41+0.208%$83K$565K5xas long as short
Paradex TAO-USD-PERP+0.0191%8h313.09+0.106%$14K$1K10xas long as short
Variational Omni TAO+0.0199%4h312.46−0.096%$4.0M$7.0M—as long as short
Deribit TAO_USDC-PERPETUAL+0.0217%1h313.02+0.082%$21K$1.5M25xas long as short
BloFin TAO-USDT+0.0340%4h312.12−0.204%$4.4M$10.5M100xas long as short
Kraken Futures PF_TAOUSDshort+0.0449%1h313.04+0.091%$5.7M$19.9M50x
Nado TAO-PERP+0.0453%1h313.46+0.225%$825K$2.0M10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0175%1h312.89+0.042%$449K—100xas long as short
Backpack TAO_USDC_PERP+0.0524%1h313.39+0.202%$292K$803K10xas long as short
Phoenix TAO+0.0537%1h312.50−0.083%$327K$521K5xas long as short
01 Exchange TAOUSD+0.0600%1h313.67+0.291%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h313.26+0.161%$360—20xas long as short
Extended TAO-USD+0.0856%1h312.92+0.053%$859K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h313.79+0.330%$1.5M$5.8M50xas long as short
Lighter TAO+0.1224%1h313.55+0.252%$1.6M$5.8M5xas long as short
RISEx TAO/USDC+0.1238%1h313.35+0.188%$436K$567K5xas long as short
Hyperliquid TAO+0.1676%1h313.62+0.274%$97.8M$84.1M5xas long as short