TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.4222%/8h= −462.3% APRnext payment −$5.28 per $10,000 · paid last 24h −0.603%

Price spread now: dYdX against Injective−1.183%7-day average — · you buy dearer than you sell

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

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−3.310%−$331 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$127 a day on $10k at the current rate, and dYdX is 1.183% cheaper against Injective than usual: you would sell low and buy high (−$118 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	319.61	0.4222	pay 0.0528% / 1h	44m 17s	$23K	$2K	12x
Short	dYdX TAO-USD	315.83	0	get 0.0000% / 1h	44m 17s	$126K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Injective. 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 InjectivebpFee dYdXbpOrdersPrice spread, now −1.183%Rate

Funding earned: −$886.67
Price spread: −1.183% → 0.000%: −$118.27
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1,014.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; dYdX: live order book, 15 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell dYdX live order book, 15 min ago	46.16 bp	51.2 bp −$51	66.6 bp −$666	146.3 bp −$14.6K	883.6 bp −$441.8K

Injective: 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	−0.0482%	1h	315.13	−1.402%	$167K	$1K	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	315.83	−1.183%	$126K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.94	−1.147%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.92	−1.154%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.25	−1.051%	$42K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.96	−1.142%	$91.1M	$489.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.90	−1.161%	$26.0M	$119.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.80	−1.192%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.97	−1.139%	$105.6M	$142.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.77	−1.201%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.71	−1.220%	$35.3M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	−1.201%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.84	−1.180%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.02	−1.123%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.27	−1.045%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.17	−1.076%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.85	−1.176%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.75	−1.208%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.84	−1.180%	$647	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.98	−1.135%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	314.83	−1.494%	$524K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	316.03	−1.120%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0145%	4h	315.94	−1.148%	$68.7M	$146.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0116%	1h	315.99	−1.134%	$429K	—	100x	as long as short
BingX TAO-USDT	+0.0184%	4h	315.90	−1.161%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0192%	8h	315.91	−1.157%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0194%	1h	316.09	−1.101%	$808K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0221%	4h	315.95	−1.145%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSD	+0.0224%	1h	316.44	−0.992%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0269%	1h	316.36	−1.017%	$94.2M	$105.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0310%	1h	315.96	−1.142%	$316K	$910K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	315.90	−1.162%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.23	−1.058%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.53	−0.964%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	316.04	−1.117%	$362K	$409K	10x	as long as short
Lighter TAO	+0.0416%	1h	316.16	−1.080%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0513%	1h	316.00	−1.129%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	−1.098%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	−1.149%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.15	−1.083%	$364	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	316.30	−1.035%	$437K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	−1.011%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERPlong	+0.4222%	1h	319.61	long leg	$23K	$2K	12x