Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: spread
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Funding you earn now, next payment 10:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.250%
Price spread now: dYdX against Coinbase International−0.256%146s7-day average −0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as 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−$930.934% of the position
Long on Coinbase InternationalShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.521%−$52 on $10k
Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.256%, 7d avg −0.227%
Together, before fees−0.556%−$56 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.227%. The two prices were read 146 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International TAO-PERP-INTX316.580.0688pay 0.0086% / 1h46m 03s$1.1M$7.6M50x
ShortdYdX TAO-USD315.770.0696get 0.0087% / 1h46m 03s$266K$230K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$1.64
Price spread: −0.256% → −0.227%
−$2.93
Slippage, 4 orders
−$73.4
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$94.69
Costs to cover
0.934%
Break-even
410.7 days
Slippage from Coinbase International: live order book, 6 min ago; dYdX: live order book, 1 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 Coinbase International live order book, 6 min ago5.20 bp14.5 bp −$1419.3 bp −$193doesn't fitdoesn't fit
Sell dYdX live order book, 1 min ago20.98 bp42.7 bp −$4365.5 bp −$655181.5 bp −$18.2K648.9 bp −$324.5K

TAO on 43 exchanges

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 −0.0003%1h315.39−0.374%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h316.04−0.171%$50K$632K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.60−0.310%$26.8M$127.9M50xas long as short
Gate TAO_USDT+0.0100%4h315.40−0.373%$15.7M$47.5M50xas long as short
KuCoin TAOUSDTM+0.0100%4h315.69−0.281%$17.5M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h315.31−0.401%$35.7M$56.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h316.75+0.054%$45K$253K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.72−0.272%$81K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h315.70−0.278%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h315.87−0.224%$112K$567K20xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USD+0.0104%8h315.69−0.281%$2K$1.3M5xas long as short
Aevo TAO-PERP+0.0112%1h315.84−0.234%$173K$9983xas long as short
Bybit TAOUSDT+0.0121%4h315.70−0.278%$69.1M$155.6M50xas long as short
MEXC TAO_USDT+0.0134%4h315.61−0.306%$105.9M$147.6M300xas long as short
Binance TAOUSDT+0.0136%4h315.67−0.287%$92.8M$511.0M75xas long as short
BingX TAO-USDT+0.0140%4h315.58−0.316%—$38.0M—as long as short
edgeX TAOUSDC+0.0141%4h316.70+0.038%$42K$324K10xas long as short
Phemex TAOUSDT+0.0179%4h315.82−0.240%$3.2M$8.1M50xas long as short
Lighter TAO+0.0184%1h315.83−0.238%$1.6M$6.6M5xas long as short
Paradex TAO-USD-PERP+0.0202%8h315.98−0.188%$14K$87610xas long as short
Extended TAO-USD+0.0208%1h315.75−0.263%$954K$2.1M25xas long as short
Pacifica TAO+0.0240%1h316.07−0.162%$374K$456K10xas long as short
GRVT TAO_USDT_Perp+0.0248%4h315.96−0.197%$539K$805K10xas long as short
Orderly PERP_TAO_USDC+0.0254%4h315.83−0.237%$53K$262K10xas long as short
Bullet TAO-USD+0.0264%1h316.03−0.173%$12K$16K20xas long as short
Aster TAOUSDT+0.0300%4h315.72−0.272%$1.2M$11.2M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0359% / S −0.0107%1h315.61−0.305%$371K—100xas long as short
BloFin TAO-USDT+0.0376%4h315.91−0.212%$4.9M$10.5M100xas long as short
Nado TAO-PERP+0.0385%1h315.98−0.190%$694K$2.0M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0439%1h315.82−0.239%$15K$1.9M25xas long as short
Variational Omni TAO+0.0444%4h316.43−0.046%$5.7M$9.8M—as long as short
Hyperliquid TAO+0.0482%1h315.77−0.256%$95.0M$107.1M5xas long as short
Arcus TAO-USD+0.0610%1h316.23−0.111%$100K$310K5xas long as short
01 Exchange TAOUSD+0.0616%1h316.26−0.101%$3K$2K5xas long as short
Bulk TAO-USD+0.0627%1h316.13−0.142%$168K$010xas long as short
Phoenix TAO+0.0650%1h316.90+0.101%$319K$710K5xas long as short
Backpack TAO_USDC_PERP+0.0664%1h315.64−0.297%$296K$1.1M10xas long as short
RISEx TAO/USDC+0.0666%1h315.88−0.220%$436K$672K5xas long as short
Coinbase International TAO-PERP-INTXlong+0.0688%1h316.58long leg$1.1M$7.6M50x
dYdX TAO-USDshort+0.0696%1h315.77−0.256%$266K$230K5x
Reya TAORUSDPERP+0.0699%1h315.89−0.217%$363—20xas long as short
Kraken Futures PF_TAOUSD+0.0933%1h315.85−0.230%$6.2M$19.5M50xas long as short
Injective TAO/USDC PERP+0.4405%1h320.28+1.169%$23K$2K12xas long as short