Funding you earn now, next payment 09:00 UTC+0.0468%/8h= +51.2% APRnext payment +$0.58 per $10,000 · paid last 24h +0.001%
Price spread now: dYdX against Popdex−0.076%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 4 days (all we have)+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)−0.358%−$36 · spread now −0.076%, 7d avg −0.045%
=Funding pays, the price is against you. dYdX is 0.031% cheaper against Popdex than usual: you would sell low and buy high (spread −0.076% now, against its 7-day average of −0.045%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). At the pace of the last 4 days (+0.152% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.152% in total (about 14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex TAOUSDT | 324.32 | 0.0096 | pay 0.0012% / 1h | 59m 51s | $52K | $703K | 20x |
| Short | dYdX TAO-USD | 324.07 | 0.0564 | get 0.0070% / 1h | 59m 51s | $273K | $232K | 5x |
Popdex TAOUSDT
dYdX TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $98.21
- Price spread: −0.076% → −0.045%
- −$3.13
- Slippage, 4 orders
- −$73.65
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $5.03
- Costs to cover
- 0.900%
- Break-even
- 6.6 days
Slippage from Popdex: live order book, 34 min ago; dYdX: live order book, 34 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 Popdex live order book, 34 min ago | 1.59 bp | 9.3 bp −$9 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 34 min ago | 17.74 bp | 46.9 bp −$47 | 68.2 bp −$682 | 191.7 bp −$19.2K | 738.5 bp −$369.2K |
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 | −0.0241% | 1h | 318.85 | −1.688% | $169K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 324.21 | −0.034% | $20K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 324.32 | long leg | $52K | $703K | 20x | |
| Bybit TAOUSDT | +0.0100% | 4h | 323.95 | −0.114% | $71.3M | $154.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.80 | −0.160% | $27.1M | $131.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.80 | −0.160% | $15.5M | $51.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.93 | −0.120% | $17.7M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.78 | −0.167% | $36.5M | $56.6M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 324.28 | −0.012% | $89K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 324.04 | −0.086% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 324.34 | +0.006% | $117K | $552K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 324.09 | −0.071% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 323.95 | −0.114% | $663 | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 324.43 | +0.035% | $178K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0158% | 4h | 324.02 | −0.093% | $106.2M | $156.7M | 300x | as long as short |
| Binance TAOUSDT | +0.0158% | 4h | 323.99 | −0.102% | $94.8M | $519.6M | 75x | as long as short |
| BingX TAO-USDT | +0.0159% | 4h | 323.99 | −0.102% | — | $39.0M | — | as long as short |
| edgeX TAOUSDC | +0.0164% | 4h | 321.70 | −0.809% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0222% | 8h | 324.21 | −0.033% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0245% | 4h | 324.46 | +0.043% | $55K | $272K | 10x | as long as short |
| Extended TAO-USD | +0.0280% | 1h | 323.96 | −0.112% | $979K | $2.2M | 25x | as long as short |
| Bullet TAO-USD | +0.0284% | 1h | 324.64 | +0.098% | $13K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0284% | 4h | 321.52 | −0.864% | $548K | $825K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0306% | 1h | 321.60 | −0.839% | $45K | $256K | 50x | as long as short |
| Aster TAOUSDT | +0.0322% | 4h | 323.96 | −0.111% | $1.3M | $11.2M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 324.28 | −0.012% | $377K | $439K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0369% / S −0.0109% | 1h | 323.08 | −0.383% | $383K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0394% | 1h | 324.16 | −0.050% | $737K | $2.0M | 10x | as long as short |
| BloFin TAO-USDT | +0.0399% | 4h | 323.57 | −0.231% | $4.8M | $11.0M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 324.62 | +0.093% | $102K | $329K | 5x | as long as short |
| Variational Omni TAO | +0.0522% | 4h | 323.77 | −0.171% | $5.7M | $9.8M | — | as long as short |
| dYdX TAO-USDshort | +0.0564% | 1h | 324.07 | −0.076% | $273K | $232K | 5x | |
| Lighter TAO | +0.0568% | 1h | 324.40 | +0.026% | $1.6M | $6.8M | 5x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 324.30 | −0.006% | $326K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 324.84 | +0.160% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 323.36 | −0.295% | $372 | — | 20x | as long as short |
| Hyperliquid TAO | +0.0699% | 1h | 324.52 | +0.060% | $98.0M | $109.9M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0713% | 1h | 324.35 | +0.009% | $302K | $1.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0737% | 1h | 324.40 | +0.024% | $20K | $1.9M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0767% | 1h | 324.32 | −0.001% | $6.3M | $21.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 324.20 | −0.038% | $443K | $711K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 324.68 | +0.111% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 322.62 | −0.524% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
Extended TAO-USD
Bullet TAO-USD
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
BloFin TAO-USDT
Arcus TAO-USD
Variational Omni TAO
Lighter TAO
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Hyperliquid TAO
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP