TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.018%

Price spread now: dYdX against Pacifica−0.141%7-day average −0.052% · you buy dearer than you sell

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

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.141%, 7d avg −0.052%

Together, before fees+0.126%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and dYdX is 0.089% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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	Pacifica TAO	316.99	0.0313	pay 0.0039% / 1h	36m 57s	$372K	$452K	10x
Short	dYdX TAO-USD	316.54	0.0041	get 0.0005% / 1h	36m 57s	$126K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Pacifica. 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 PacificabpFee dYdXbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$57.17
Price spread: −0.141% → −0.052%: −$8.91
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$84.08
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 2 min ago; dYdX: live order book, 2 min ago. 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 Pacifica live order book, 2 min ago	3.47 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 2 min ago	27.37 bp	33.3 bp −$33	54.5 bp −$545	143.9 bp −$14.4K	571.4 bp −$285.7K

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

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	316.42	−0.180%	$22K	—	150x	as long as short
dYdX TAO-USDshort	+0.0041%	1h	316.54	−0.141%	$126K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	316.82	−0.052%	$44K	$710K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	−0.122%	$26.4M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.153%	$14.4M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.74	−0.078%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.50	−0.153%	$35.6M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.78	−0.065%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.48	−0.160%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.75	−0.075%	$115K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	316.78	−0.065%	$4K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0107% / S +0.0136%	1h	316.41	−0.182%	$404K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.04	+0.016%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0149%	4h	316.52	−0.147%	$52K	$294K	10x	as long as short
Binance TAOUSDT	+0.0175%	4h	316.60	−0.123%	$91.8M	$530.5M	75x	as long as short
MEXC TAO_USDT	+0.0178%	4h	316.71	−0.087%	$99.7M	$151.4M	300x	as long as short
edgeX TAOUSDC	+0.0185%	4h	317.37	+0.120%	$42K	$319K	10x	as long as short
ApeX Omni TAOUSDT	+0.0187%	1h	318.97	+0.626%	$46K	$260K	50x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	317.32	+0.106%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0240%	1h	316.59	−0.125%	$15K	$1.9M	25x	as long as short
Bybit TAOUSDT	+0.0274%	4h	316.64	−0.109%	$69.3M	$156.7M	50x	as long as short
Bullet TAO-USD	+0.0279%	1h	316.73	−0.080%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0280%	4h	316.59	−0.125%	—	$37.0M	—	as long as short
Pacifica TAOlong	+0.0313%	1h	316.99	long leg	$372K	$452K	10x
Bulk TAO-USD	+0.0317%	1h	319.23	+0.708%	$170K	$0	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	317.09	+0.033%	$541K	$918K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	316.66	−0.104%	$903K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0332%	4h	316.60	−0.121%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0415%	4h	316.72	−0.084%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.28	+0.093%	$102K	$381K	5x	as long as short
Nado TAO-PERP	+0.0499%	1h	316.98	0.000%	$787K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0511%	4h	316.46	−0.166%	$3.2M	$8.2M	50x	as long as short
Variational Omni TAO	+0.0537%	4h	318.96	+0.624%	$5.6M	$10.2M	—	as long as short
Lighter TAO	+0.0552%	1h	316.74	−0.077%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.50	+0.793%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	316.91	−0.024%	$292K	$906K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.84	−0.046%	$364	—	20x	as long as short
01 Exchange TAOUSD	+0.0704%	1h	316.89	−0.030%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0744%	1h	316.79	−0.062%	$93.7M	$110.1M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	316.84	−0.046%	$444K	$670K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0837%	1h	316.70	−0.089%	$5.9M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.65	+0.209%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.878%	$23K	$2K	12x	as long as short