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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h 0.000%
Price spread now: dYdX against Binance+0.072%59s7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.783% of the position
Long on BinanceShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.136%+$14 on $10k
Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.072%, 7d avg −0.044%
Together, before fees+0.032%+$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.116% dearer against Binance than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.044%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT318.230.0189pay 0.0095% / 4h4m 41s$93.1M$533.4M75x
ShortdYdX TAO-USD318.460.0063get 0.0008% / 1h4m 41s$128K$86K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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
−$26.46
Price spread: +0.072% → −0.044%
$11.57
Slippage, 4 orders
−$58.32
Fee Binance: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$93.21
Costs to cover
0.783%
Break-even
never at this rate
Slippage from Binance: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago0.16 bp6.3 bp −$66.6 bp −$6613.7 bp −$1,366doesn't fit
Sell dYdX live order book, 34 min ago27.37 bp33.3 bp −$3354.5 bp −$545143.9 bp −$14.4K571.4 bp −$285.7K

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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h318.46+0.072%$22K—150xas long as short
dYdX TAO-USDshort+0.0063%1h318.46+0.072%$128K$86K5x
Popdex TAOUSDT+0.0096%1h318.85+0.195%$49K$716K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.30+0.022%$26.5M$131.8M50xas long as short
Gate TAO_USDT+0.0100%4h318.40+0.053%$14.8M$52.4M50xas long as short
KuCoin TAOUSDTM+0.0100%4h318.37+0.044%$17.9M$32.5M75xas long as short
Bitget TAOUSDT+0.0100%4h318.32+0.028%$35.9M$58.1M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.70+0.148%$87K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h318.56+0.104%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h318.18−0.016%$117K$592K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TAO/USD [WBTC.b-USDC]L +0.0103% / S +0.0138%1h318.49+0.083%$411K—100xas long as short
Katana Perps TAO-USD+0.0106%8h318.65+0.132%$652$1.2M5xas long as short
Aevo TAO-PERP+0.0128%1h318.90+0.209%$175K$9983xas long as short
ApeX Omni TAOUSDT+0.0138%1h318.99+0.239%$46K$259K50xas long as short
Orderly PERP_TAO_USDC+0.0181%4h318.74+0.160%$52K$295K10xas long as short
MEXC TAO_USDT+0.0188%4h318.39+0.050%$104.3M$152.9M300xas long as short
Binance TAOUSDTlong+0.0189%4h318.23long leg$93.1M$533.4M75x
edgeX TAOUSDC+0.0195%4h319.07+0.264%$42K$320K10xas long as short
Bulk TAO-USD+0.0217%1h317.92−0.096%$169K$010xas long as short
Paradex TAO-USD-PERP+0.0263%8h318.40+0.054%$14K$1K10xas long as short
BingX TAO-USDT+0.0278%4h318.62+0.123%—$37.4M—as long as short
Bybit TAOUSDT+0.0280%4h318.41+0.057%$70.0M$157.1M50xas long as short
Bullet TAO-USD+0.0305%1h318.80+0.179%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h318.44+0.065%$374K$465K10xas long as short
GRVT TAO_USDT_Perp+0.0314%4h318.68+0.140%$542K$896K10xas long as short
Aster TAOUSDT+0.0350%4h318.28+0.015%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0384%1h318.44+0.067%$906K$2.4M25xas long as short
BloFin TAO-USDT+0.0429%4h318.88+0.204%$4.7M$11.0M100xas long as short
Phemex TAOUSDT+0.0435%4h318.62+0.123%$3.2M$8.2M50xas long as short
Nado TAO-PERP+0.0472%1h318.75+0.164%$777K$2.0M10xas long as short
Arcus TAO-USD+0.0473%1h319.10+0.273%$100K$384K5xas long as short
Variational Omni TAO+0.0574%4h318.65+0.133%$5.6M$10.1M—as long as short
Deribit TAO_USDC-PERPETUAL+0.0599%1h318.74+0.160%$15K$1.9M25xas long as short
Phoenix TAO+0.0629%1h319.30+0.336%$321K$703K5xas long as short
Lighter TAO+0.0648%1h318.42+0.058%$1.6M$6.9M5xas long as short
01 Exchange TAOUSD+0.0688%1h318.95+0.226%$3K$4K5xas long as short
Hyperliquid TAO+0.0692%1h318.72+0.154%$94.3M$110.2M5xas long as short
Reya TAORUSDPERP+0.0698%1h318.71+0.152%$367—20xas long as short
Backpack TAO_USDC_PERP+0.0718%1h319.05+0.258%$440K$981K10xas long as short
Kraken Futures PF_TAOUSD+0.0831%1h318.96+0.230%$6.0M$21.7M50xas long as short
RISEx TAO/USDC+0.0831%1h318.77+0.171%$452K$662K5xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.76+0.481%$1.3M$7.2M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.44+1.323%$23K$2K12xas long as short