Funding you earn now, next payment 02:00 UTC−0.2752%/8h= −301.3% APRnext payment −$3.44 per $10,000 · paid last 24h +0.333%
Price spread now: dYdX against Bulk+2.072%7-day average +0.053% · 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+$106as in the Price arb table
costs, in and out, $10k−$960.956% of the position
Funding, last 3 days (all we have)+0.505%+$51 on $10k
+Price spread, last 4 days (all we have)−2.040%−$204 · spread now +2.072%, 7d avg +0.053%
=The price spread pays, funding is against you. dYdX is 2.019% dearer against Bulk than usual: you sell high and buy low (spread +2.072% now, against its 7-day average of +0.053%): +$202 on $10k if it goes back. Holding the pair costs −$83 a day in funding at the current rate, which eats that in about 2.4 days. Mind the row above: over the last 3 days funding on this pair paid +0.505%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.505% in total (about 52.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.44 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 | Bulk TAO-USD | 308.95 | 0.2752 | pay 0.0344% / 1h | 18m 32s | $164K | $40K | 10x |
| Short | dYdX TAO-USD | 315.35 | 0 | get 0.0000% / 1h | 18m 32s | $126K | $84K | 5x |
Bulk TAO-USD
dYdX TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Bulk. 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
- −$577.93
- Price spread: +2.072% → +0.053%
- $201.9
- Slippage, 4 orders
- −$78.63
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$471.66
- Costs to cover
- 0.956%
- Break-even
- from the start
Slippage from Bulk: live order book, 50 min ago; dYdX: live order book, 50 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 Bulk live order book, 50 min ago | 0.16 bp | 4.3 bp −$4 | 5.0 bp −$50 | 21.1 bp −$2,113 | 47.3 bp −$23.6K |
| Sell dYdX live order book, 50 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 | 315.35 | +2.072% | $126K | $84K | 5x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.36 | +1.753% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.71 | +1.866% | $43K | $634K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.71 | +1.866% | $90.4M | $467.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.00 | +1.960% | $26.1M | $112.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.30 | +2.057% | $12.9M | $50.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.48 | +2.115% | $111.6M | $139.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.55 | +2.138% | $18.0M | $30.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.91 | +1.931% | $35.1M | $53.7M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.73 | +2.196% | $35K | $300K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.68 | +2.180% | $47K | $252K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.46 | +2.109% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.41 | +1.769% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.84 | +1.908% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.06 | +1.979% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.70 | +2.185% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0118% | 8h | 314.77 | +1.885% | $1K | $711K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0119% | 1h | 315.02 | +1.966% | $80K | $681K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0167% | 1h | 315.35 | +2.075% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0168% / S +0.0098% | 1h | 314.27 | +1.724% | $430K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0174% | 4h | 317.11 | +2.644% | $523K | $954K | 10x | as long as short |
| Bullet TAO-USD | +0.0245% | 1h | 314.66 | +1.850% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0254% | 4h | 315.32 | +2.065% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 315.68 | +2.180% | $371K | $384K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 315.26 | +2.044% | $99K | $529K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0363% | 8h | 315.69 | +2.182% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 318.67 | +3.148% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0528% | 1h | 315.05 | +1.975% | $786K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 317.30 | +2.704% | $332K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 315.01 | +1.963% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0677% | 1h | 315.38 | +2.082% | $22K | $1.5M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.21 | +2.029% | $362 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0780% | 4h | 315.03 | +1.970% | — | $30.9M | — | as long as short |
| Bybit TAOUSDT | +0.0823% | 4h | 314.88 | +1.921% | $66.1M | $138.0M | 50x | as long as short |
| Variational Omni TAO | +0.0845% | 4h | 315.73 | +2.195% | $5.5M | $8.9M | — | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 315.09 | +1.989% | $905K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0926% | 1h | 315.60 | +2.154% | $319K | $810K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 316.39 | +2.410% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 314.70 | +1.863% | $449K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1329% | 1h | 316.20 | +2.348% | $100.4M | $95.1M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 316.16 | +2.335% | $1.7M | $6.1M | 5x | as long as short |
| Bulk TAO-USDlong | +0.2752% | 1h | 308.95 | long leg | $164K | $40K | 10x |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Arcus TAO-USD
Paradex TAO-USD-PERP
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO