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

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.1142%/8h= +125.1% APRnext payment +$1.43 per $10,000 · paid last 24h +0.060%
Price spread now: RISEx against dYdX+0.162%7-day average +0.056% · 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−$81as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Long on dYdXShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.247%+$25 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.162%, 7d avg +0.056%
Together, before fees+0.287%+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and RISEx is 0.106% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.247% in total (about 26.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.43 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-USD306.740.0012pay 0.0002% / 1h6m 58s$126K$85K5x
ShortRISEx TAO/USDC307.240.1155get 0.0144% / 1h6m 58s$418K$533K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$239.86
Price spread: +0.162% → +0.056%
$10.63
Slippage, 4 orders
−$75.63
Fee dYdX: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$158.86
Costs to cover
0.916%
Break-even
2.4 days
Slippage from dYdX: live order book, 12 min ago; RISEx: live order book, 12 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, 12 min ago36.40 bp41.4 bp −$4155.7 bp −$557168.0 bp −$16.8K1238.5 bp −$619.2K
Sell RISEx live order book, 12 min ago1.30 bp4.3 bp −$420.6 bp −$206doesn't fitdoesn'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−0.0396%1h305.88−0.283%$163K$52K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.84+0.031%$20K—150xas long as short
dYdX TAO-USDlong+0.0012%1h306.74long leg$126K$85K5x
Popdex TAOUSDT+0.0096%1h307.10+0.117%$45K$540K20xas long as short
Binance TAOUSDT+0.0100%4h307.36+0.203%$86.1M$414.6M75xas long as short
Bybit TAOUSDT+0.0100%4h307.55+0.264%$59.7M$121.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.40+0.215%$24.7M$96.1M50xas long as short
Arcus TAO-USD+0.0100%1h307.36+0.202%$80K$643K5xas long as short
Gate TAO_USDT+0.0100%4h307.30+0.182%$12.3M$49.2M50xas long as short
MEXC TAO_USDT+0.0100%4h307.21+0.153%$114.8M$126.2M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h307.37+0.205%$18.6M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h307.22+0.156%$34.3M$45.7M50xas long as short
BingX TAO-USDT+0.0100%4h307.30+0.182%—$30.2M—as long as short
edgeX TAOUSDC+0.0100%4h306.62−0.041%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h307.22+0.155%$508K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h306.60−0.046%$46K$269K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h307.20+0.149%$75K$550K5xas long as short
Bullet TAO-USD+0.0100%1h307.11+0.120%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.95+0.068%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.95+0.068%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.12+0.123%$122K$369K20xas long as short
Phemex TAOUSDT+0.0100%4h307.22+0.156%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h307.21+0.154%$169K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h307.03+0.094%$2K$511K5xas long as short
Variational Omni TAO+0.0110%4h306.68−0.019%$3.7M$6.7M—as long as short
Aster TAOUSDT+0.0131%4h307.46+0.235%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0155%8h307.04+0.098%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h307.16+0.136%$363K$369K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.80+0.020%$438K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0279%1h307.05+0.099%$19K$1.4M25xas long as short
Nado TAO-PERP+0.0315%1h306.98+0.078%$829K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h307.22+0.156%$4.2M$9.5M100xas long as short
Lighter TAO+0.0368%1h307.44+0.228%$1.7M$5.4M5xas long as short
01 Exchange TAOUSD+0.0416%1h307.33+0.192%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0459%1h307.46+0.234%$295K$800K10xas long as short
Phoenix TAO+0.0521%1h307.10+0.117%$321K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h307.06+0.102%$353—20xas long as short
Extended TAO-USD+0.0696%1h306.97+0.074%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h307.76+0.332%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h307.10+0.115%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1150%1h307.87+0.367%$93.9M$80.8M5xas long as short
RISEx TAO/USDCshort+0.1155%1h307.24+0.162%$418K$533K5x
Injective TAO/USDC PERP+0.1621%1h308.73+0.648%$22K$26412xas long as short