TAO

Alert

Funding spread now, next payment 15:00 UTC−0.0220%/8h

next payment, per $10,000−$0.27paid, last 24h−0.027%paid, last 5 days−0.016%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.016% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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	Phoenix TAO	284.20	0.0364	pay 0.0045% / 1h	35m 53s	$302K	$149K	5x
Short	dYdX TAO-USD	283.17	0.0144	get 0.0018% / 1h	35m 53s	$72K	$55K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee dYdXbpOrdersRate

Funding earned: −$46.15
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$63.15
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 12 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.362%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phoenix live order book, 12 min ago	3.49 bp	10.2 bp −$10	22.0 bp −$220	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 42 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0932%	1h	$150K	$0	10x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	$25K	$888K	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0012%	1h	$18K	—	150x	as long as short
Bitget TAOUSDT	+0.0094%	4h	$31.8M	$35.5M	50x	as long as short
Lighter TAO	+0.0096%	1h	$1.3M	$1.8M	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$43K	$450K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$1K	$279K	5x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$329K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$79.9M	$314.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit TAOUSDT	+0.0100%	4h	$51.3M	$82.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$22.9M	$65.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$121K	$570K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.2M	$45.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$110.0M	$98.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$17.2M	$18.0M	75x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.5M	—	as long as short
Backpack TAO_USDC_PERP	+0.0100%	1h	$304K	$395K	10x	as long as short
Variational Omni TAO	+0.0100%	4h	$3.3M	$4.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	$32K	$286K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$72K	$1.1M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$10K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	$51K	$146K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$116K	$310K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0102%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.0104%	1h	$758K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$156K	$998	3x	as long as short
dYdX TAO-USDshort	+0.0144%	1h	$72K	$55K	5x
01 Exchange TAOUSD	+0.0208%	1h	$5K	$4K	5x	as long as short
Nado TAO-PERP	+0.0229%	1h	$1.0M	$1.1M	10x	as long as short
Hyperliquid TAO	+0.0230%	1h	$74.5M	$48.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0290%	1h	$5.5M	$13.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$7.0M	100x	as long as short
Phoenix TAOlong	+0.0364%	1h	$302K	$149K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0462% / S −0.0189%	1h	$419K	—	100x	as long as short
RISEx TAO/USDC	+0.0517%	1h	$299K	$409K	5x	as long as short
Reya TAORUSDPERP	+0.0692%	1h	$326	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0920%	1h	$1.4M	$4.1M	50x	as long as short
Injective TAO/USDC PERP	+0.3146%	1h	$21K	$125K	12x	as long as short