Funding you earn now, next payment 00:00 UTC−0.4722%/8h= −517.1% APRnext payment −$5.90 per $10,000 · paid last 24h −0.303%
Price spread now: Bulk against dYdX+0.480%7-day average −0.041% · 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−$39as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 3 days (all we have)−0.464%−$46 on $10k
+Price spread, last 4 days (all we have)−0.534%−$53 · spread now +0.480%, 7d avg −0.041%
=The price spread pays, funding is against you. Bulk is 0.520% dearer against dYdX than usual: you sell high and buy low (spread +0.480% now, against its 7-day average of −0.041%): +$52 on $10k if it goes back. Holding the pair costs −$142 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.464% in total) that is about 3.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.464% in total (about -50.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.90 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 | dYdX TAO-USD | 312.51 | 0 | get 0.0000% / 1h | 45m 02s | $125K | $88K | 5x |
| Short | Bulk TAO-USD | 314.01 | −0.4722 | pay 0.0590% / 1h | 45m 02s | $168K | $48K | 10x |
dYdX TAO-USD
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against dYdX. 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
- −$991.63
- Price spread: +0.480% → −0.041%
- $52.04
- Slippage, 4 orders
- −$73.98
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$1,030.57
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 34 min ago; Bulk: 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 dYdX live order book, 34 min ago | 36.40 bp | 41.4 bp −$41 | 55.7 bp −$557 | 168.0 bp −$16.8K | 1238.5 bp −$619.2K |
| Sell Bulk live order book, 34 min ago | 0.17 bp | 3.9 bp −$4 | 4.0 bp −$40 | 4.0 bp −$399 | doesn't fit |
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-USDshort | −0.4722% | 1h | 314.01 | +0.480% | $168K | $48K | 10x | |
| dYdX TAO-USDlong | 0.0000% | 1h | 312.51 | long leg | $125K | $88K | 5x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.55 | +0.011% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.601% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.94 | +0.137% | $40K | $549K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.88 | +0.118% | $370K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.27 | +0.242% | $88.7M | $423.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.39 | +0.281% | $61.4M | $123.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.10 | +0.188% | $25.1M | $100.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.10 | +0.188% | $12.7M | $49.1M | 50x | as long as short |
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 313.06 | +0.175% | $119.7M | $127.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.36 | +0.271% | $19.1M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.94 | +0.137% | $35.0M | $46.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.08 | +0.182% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.65 | +0.363% | $41K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.17 | +0.532% | $519K | $950K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.82 | +0.098% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.67 | +0.050% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.92 | +0.130% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.93 | +0.134% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.93 | +0.133% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 312.89 | +0.121% | $828 | $539K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0137% | 1h | 312.93 | +0.134% | $77K | $522K | 5x | as long as short |
| Bullet TAO-USD | +0.0150% | 1h | 312.91 | +0.126% | $11K | $17K | 20x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.20 | +0.220% | $83K | $626K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0187% | 8h | 312.83 | +0.101% | $14K | $1K | 10x | as long as short |
| Variational Omni TAO | +0.0188% | 4h | 313.49 | +0.311% | $3.9M | $7.0M | — | as long as short |
| Aster TAOUSDT | +0.0206% | 4h | 312.89 | +0.120% | $1.1M | $7.8M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0212% | 1h | 314.14 | +0.521% | $47K | $270K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.23 | −0.090% | $4.3M | $9.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0449% | 1h | 312.84 | +0.104% | $5.8M | $19.8M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0473% | 1h | 312.86 | +0.112% | $18K | $1.4M | 25x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.57 | +0.018% | $448K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0532% | 1h | 312.99 | +0.152% | $833K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.60 | +0.028% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0575% | 1h | 313.50 | +0.316% | $301K | $799K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.79 | +0.088% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 313.23 | +0.230% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0872% | 1h | 313.02 | +0.163% | $864K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.29 | +0.249% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.11 | +0.192% | $431K | $536K | 5x | as long as short |
| Lighter TAO | +0.1472% | 1h | 313.29 | +0.249% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2118% | 1h | 313.96 | +0.463% | $98.3M | $82.9M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Bullet TAO-USD
Arcus TAO-USD
Paradex TAO-USD-PERP
Variational Omni TAO
Aster TAOUSDT
ApeX Omni TAOUSDT
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Deribit TAO_USDC-PERPETUAL
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO