TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.014%

Price spread now: dYdX against Aevo−0.235%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$2872.872% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.235%, 7d avg −0.079%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.157% cheaper against Aevo than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.079%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	315.79	0.0104	pay 0.0013% / 1h	17m 33s	$173K	$998	3x
Short	dYdX TAO-USD	315.05	0	get 0.0000% / 1h	17m 33s	$126K	$84K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aevo. 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 AevobpFee dYdXbpOrdersPrice spread, now −0.235%Rate

Funding earned: −$21.84
Price spread: −0.235% → −0.079%: −$15.67
Slippage, 4 orders: −$261.17
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$324.68
Costs to cover: 2.872%
Break-even: never at this rate

Slippage from Aevo: live order book, 51 min ago; dYdX: live order book, 51 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 Aevo live order book, 51 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell dYdX live order book, 51 min ago	36.33 bp	44.5 bp −$45	67.6 bp −$676	151.5 bp −$15.1K	609.3 bp −$304.6K

TAO on 42 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
dYdX TAO-USDshort	0.0000%	1h	315.05	−0.235%	$126K	$84K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.12	−0.530%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.02	−0.244%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.02	−0.244%	$90.5M	$467.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	−0.345%	$26.1M	$112.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.00	−0.250%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.56	−0.390%	$111.3M	$139.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.62	−0.371%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.22	−0.497%	$35.0M	$53.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.93	−0.273%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.80	−0.314%	$47K	$253K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	−0.105%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.87	+0.025%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.47	−0.101%	$129K	$473K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.49	−0.095%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	315.79	long leg	$173K	$998	3x
Katana Perps TAO-USD	+0.0118%	8h	314.97	−0.260%	$2K	$712K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	314.91	−0.279%	$79K	$682K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.89	+0.031%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	315.24	−0.173%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0176%	4h	315.62	−0.054%	$520K	$954K	10x	as long as short
Bullet TAO-USD	+0.0248%	1h	314.61	−0.374%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0259%	4h	315.09	−0.223%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.42	−0.117%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.40	−0.124%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0364%	8h	315.55	−0.077%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.912%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0532%	1h	314.68	−0.351%	$785K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.00	+0.066%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.27	−0.165%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.45	−0.424%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0796%	4h	315.23	−0.177%	—	$30.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0811%	1h	315.99	+0.064%	$22K	$1.5M	25x	as long as short
Bybit TAOUSDT	+0.0824%	4h	314.87	−0.291%	$66.2M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	−0.020%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.11	−0.215%	$902K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.64	−0.048%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.30	+0.161%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.06	−0.230%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1336%	1h	315.05	−0.234%	$100.1M	$95.2M	5x	as long as short
Lighter TAO	+0.1432%	1h	316.03	+0.077%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.168%	$164K	$40K	10x	as long as short