TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0391%/8h= −42.8% APRnext payment −$0.49 per $10,000 · paid last 24h +0.001%

Price spread now: Popdex against dYdX+0.351%7-day average +0.048% · 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−$57as in the Price arb table

costs, in and out, $10k−$870.872% of the position

Long on dYdX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.351%, 7d avg +0.048%

Together, before fees−0.428%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.303% dearer against dYdX than usual: you sell high and buy low (spread +0.351% now, against its 7-day average of +0.048%): +$30 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 4 days (−0.166% in total) that is about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	312.02	0.0487	pay 0.0061% / 1h	48m 52s	$263K	$230K	5x
Short	Popdex TAOUSDT	313.11	0.0096	get 0.0012% / 1h	48m 52s	$54K	$632K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.351%Rate

Funding earned: −$82.07
Price spread: +0.351% → +0.048%: $30.29
Slippage, 4 orders: −$70.77
Fee dYdX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$138.95
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from dYdX: live order book, 58 min ago; Popdex: 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	20.98 bp	26.0 bp −$26	60.9 bp −$609	131.0 bp −$13.1K	583.9 bp −$291.9K
Sell Popdex live order book, 58 min ago	1.11 bp	9.0 bp −$9	55.4 bp −$554	doesn't fit	doesn't fit

TAO on 43 exchanges

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 −0.0003%	1h	311.80	−0.068%	$19K	—	150x	as long as short
Popdex TAOUSDTshort	+0.0096%	1h	313.11	+0.351%	$54K	$632K	20x
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	+0.412%	$26.7M	$125.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	+0.283%	$16.1M	$46.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.90	+0.283%	$17.2M	$31.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.93	+0.293%	$35.4M	$54.3M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.80	+0.251%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.11	+0.030%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.59	+0.184%	$114K	$550K	20x	as long as short
Katana Perps TAO-USD	+0.0102%	8h	312.82	+0.258%	$2K	$1.3M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	313.08	+0.342%	$922K	$2.1M	25x	as long as short
ApeX Omni TAOUSDT	+0.0105%	1h	312.02	+0.001%	$44K	$254K	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	312.63	+0.197%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0166%	4h	313.12	+0.354%	$111.6M	$147.0M	300x	as long as short
Binance TAOUSDT	+0.0167%	4h	313.19	+0.375%	$92.9M	$506.9M	75x	as long as short
edgeX TAOUSDC	+0.0172%	4h	311.93	−0.027%	$41K	$325K	10x	as long as short
Pacifica TAO	+0.0223%	1h	312.27	+0.082%	$379K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0272%	4h	312.02	+0.002%	$531K	$786K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0280%	4h	312.04	+0.008%	$52K	$262K	10x	as long as short
Paradex TAO-USD-PERP	+0.0300%	8h	312.38	+0.117%	$14K	$769	10x	as long as short
Lighter TAO	+0.0312%	1h	312.69	+0.215%	$1.6M	$6.7M	5x	as long as short
Bullet TAO-USD	+0.0332%	1h	312.42	+0.131%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0349%	4h	313.17	+0.368%	$1.2M	$11.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0371% / S −0.0114%	1h	312.05	+0.010%	$377K	—	100x	as long as short
BingX TAO-USDT	+0.0372%	4h	313.17	+0.370%	—	$37.8M	—	as long as short
Bybit TAOUSDT	+0.0387%	4h	313.36	+0.431%	$69.3M	$154.5M	50x	as long as short
BloFin TAO-USDT	+0.0406%	4h	312.15	+0.043%	$4.9M	$10.5M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0454%	1h	312.17	+0.049%	$23K	$1.9M	25x	as long as short
Phemex TAOUSDT	+0.0485%	4h	312.73	+0.229%	$3.1M	$8.3M	50x	as long as short
dYdX TAO-USDlong	+0.0487%	1h	312.02	long leg	$263K	$230K	5x
Nado TAO-PERP	+0.0521%	1h	312.38	+0.116%	$650K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0567%	1h	312.82	+0.258%	$93.5M	$105.3M	5x	as long as short
Arcus TAO-USD	+0.0587%	1h	312.84	+0.264%	$99K	$285K	5x	as long as short
Variational Omni TAO	+0.0603%	4h	312.01	−0.001%	$6.2M	$10.1M	—	as long as short
Phoenix TAO	+0.0636%	1h	312.80	+0.251%	$314K	$701K	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	312.73	+0.229%	$436K	$663K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	312.78	+0.246%	$360	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	313.12	+0.354%	$1.1M	$7.4M	50x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	313.17	+0.370%	$3K	$2K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0865%	1h	312.38	+0.116%	$6.2M	$19.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0883%	1h	312.80	+0.251%	$297K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	+0.601%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	317.23	+1.671%	$23K	$2K	12x	as long as short