TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0640%/8h= −70.1% APRnext payment −$0.80 per $10,000 · paid last 24h −0.096%

Price spread now: dYdX against 01 Exchange−0.201%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on dYdX

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 against this trade now: funding costs −$19 a day on $10k at the current rate, and dYdX is 0.201% cheaper against 01 Exchange than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	320.02	0.0640	pay 0.0080% / 1h	42m 28s	$3K	$4K	5x
Short	dYdX TAO-USD	319.38	0	get 0.0000% / 1h	42m 28s	$127K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against 01 Exchange. 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 01 ExchangebpFee dYdXbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$134.4
Price spread: −0.201% → 0.000%: −$20.12
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$171.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; dYdX: live order book, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell dYdX live order book, 1 min ago	44.87 bp	49.9 bp −$50	57.1 bp −$571	185.6 bp −$18.6K	503.1 bp −$251.6K

01 Exchange: 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
Bulk TAO-USD	−0.2019%	1h	319.65	−0.116%	$170K	$333	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	319.38	−0.201%	$127K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.74	−0.089%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.86	−0.050%	$41K	$696K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	−0.100%	$26.5M	$129.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.20	−0.256%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.41	−0.191%	$17.7M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.45	−0.178%	$35.8M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.81	−0.066%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.47	−0.172%	$91K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.62	−0.125%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.31	−0.222%	$118K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.08	+0.019%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.64	−0.119%	$2K	$1.0M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.01	−0.002%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	319.78	−0.074%	$432K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	320.00	−0.006%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0152%	4h	320.03	+0.004%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0156%	4h	319.55	−0.147%	$105.0M	$149.6M	300x	as long as short
Binance TAOUSDT	+0.0159%	4h	319.77	−0.078%	$92.5M	$527.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0261%	8h	319.48	−0.167%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0315%	4h	319.86	−0.050%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0386%	1h	320.19	+0.053%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0391%	4h	319.81	−0.066%	$69.8M	$155.9M	50x	as long as short
BloFin TAO-USDT	+0.0396%	4h	320.21	+0.059%	$4.7M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	319.49	−0.166%	—	$34.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.77	−0.078%	$544K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.54	−0.149%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.53	−0.152%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.207%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.087%	$319K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0583%	1h	319.91	−0.033%	$14K	$1.9M	25x	as long as short
01 Exchange TAOUSDlong	+0.0640%	1h	320.02	long leg	$3K	$4K	5x
Arcus TAO-USD	+0.0641%	1h	320.24	+0.069%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0645%	1h	320.15	+0.040%	$802K	$2.2M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0653%	1h	319.97	−0.016%	$300K	$904K	10x	as long as short
Hyperliquid TAO	+0.0657%	1h	319.59	−0.134%	$94.4M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.74	−0.089%	$368	—	20x	as long as short
Lighter TAO	+0.0856%	1h	319.84	−0.056%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.319%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.73	−0.092%	$462K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1153%	1h	320.03	+0.004%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.128%	$24K	$2K	12x	as long as short