TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0278%/8h= +30.4% APRnext payment +$0.35 per $10,000 · paid last 24h +0.006%

Price spread now: Bullet against dYdX+0.173%76s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bullet is 0.173% dearer against dYdX than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	318.50	0.0067	pay 0.0008% / 1h	50m 17s	$127K	$85K	5x
Short	Bullet TAO-USD	319.05	0.0345	get 0.0043% / 1h	50m 17s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against dYdX. 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 dYdXbpFee BulletbpOrdersPrice spread, now +0.173%Rate

Funding earned: $58.3
Price spread: +0.173% → 0.000%: $17.27
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $57.57
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: dYdX: live order book, 54 min ago; Bullet: no order-book sample. Net counts fees only.

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, 54 min ago	44.87 bp	49.9 bp −$50	74.8 bp −$748	137.8 bp −$13.8K	466.4 bp −$233.2K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.61	+0.035%	$22K	—	150x	as long as short
dYdX TAO-USDlong	+0.0067%	1h	318.50	long leg	$127K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	318.97	+0.148%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.10	+0.188%	$26.6M	$130.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.70	+0.063%	$14.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.88	+0.119%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.20	+0.220%	$35.9M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.66	−0.264%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	+0.100%	$85K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.70	+0.063%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.30	−0.063%	$116K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	318.85	+0.110%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	318.60	+0.033%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.11	+0.192%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0140%	4h	319.14	+0.201%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	317.66	−0.264%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	318.96	+0.144%	$108.0M	$150.5M	300x	as long as short
Binance TAOUSDT	+0.0173%	4h	319.05	+0.171%	$92.6M	$529.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	318.99	+0.154%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0248%	4h	318.93	+0.135%	—	$37.1M	—	as long as short
Bybit TAOUSDT	+0.0259%	4h	319.17	+0.210%	$69.9M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.67	+0.055%	$362K	$427K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.242%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	−0.266%	$542K	$926K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	318.95	+0.140%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	319.26	+0.238%	$908K	$2.4M	25x	as long as short
Bullet TAO-USDshort	+0.0345%	1h	319.05	+0.173%	$12K	$17K	20x
Lighter TAO	+0.0360%	1h	319.63	+0.354%	$1.6M	$6.9M	5x	as long as short
BloFin TAO-USDT	+0.0408%	4h	319.00	+0.157%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0419%	1h	319.00	+0.157%	$790K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.15	+0.204%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0505%	4h	318.69	+0.061%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0557%	4h	319.67	+0.367%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.094%	$317K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0687%	1h	319.47	+0.303%	$15K	$2.0M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.90	+0.125%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0728%	1h	319.38	+0.276%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0753%	1h	318.58	+0.025%	$297K	$905K	10x	as long as short
Hyperliquid TAO	+0.0764%	1h	319.18	+0.214%	$94.4M	$110.0M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0829%	1h	319.63	+0.355%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.90	+0.124%	$444K	$680K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.35	+0.267%	$1.6M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.681%	$23K	$2K	12x	as long as short