TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h +0.001%

Price spread now: dYdX against Aevo−0.278%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2572.568% of the position

Long on Aevo Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.278%, 7d avg −0.082%

Together, before fees+0.234%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and dYdX is 0.196% cheaper against Aevo than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.082%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	323.24	0.0128	pay 0.0016% / 1h	22m 33s	$178K	$998	3x
Short	dYdX TAO-USD	322.34	0	get 0.0000% / 1h	22m 33s	$129K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Aevo. 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 AevobpFee dYdXbpOrdersPrice spread, now −0.278%Rate

Funding earned: −$26.88
Price spread: −0.278% → −0.082%: −$19.61
Slippage, 4 orders: −$230.81
Fee Aevo: 8 bp × 2 orders: −$16
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$303.3
Costs to cover: 2.568%
Break-even: never at this rate

Slippage from Aevo: live order book, 21 min ago; dYdX: live order book, 21 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 Aevo live order book, 21 min ago	56.19 bp	79.8 bp −$80	423.7 bp −$4,237	doesn't fit	doesn't fit
Sell dYdX live order book, 21 min ago	44.87 bp	49.9 bp −$50	57.1 bp −$571	185.6 bp −$18.6K	503.1 bp −$251.6K

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	−0.1995%	1h	319.47	−1.166%	$170K	$333	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	322.34	−0.278%	$129K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	−0.221%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.40	−0.260%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.10	−0.353%	$26.9M	$130.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.40	−0.260%	$14.4M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.31	−0.288%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.96	−0.396%	$36.2M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.82	−1.058%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.20	−0.322%	$85K	$1.2M	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	322.37	−0.269%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.35	−0.275%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.44	−0.247%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0117% / S +0.0150%	1h	322.55	−0.212%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	322.80	−0.136%	$53K	$292K	10x	as long as short
Aevo TAO-PERPlong	+0.0128%	1h	323.24	long leg	$178K	$998	3x
edgeX TAOUSDC	+0.0172%	4h	320.52	−0.842%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0208%	4h	322.30	−0.291%	$107.6M	$150.8M	300x	as long as short
Binance TAOUSDT	+0.0210%	4h	322.37	−0.270%	$93.3M	$527.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0288%	8h	322.60	−0.199%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0304%	4h	322.55	−0.213%	$3.3M	$8.1M	50x	as long as short
BingX TAO-USDT	+0.0324%	4h	322.55	−0.213%	—	$34.6M	—	as long as short
Bybit TAOUSDT	+0.0330%	4h	322.41	−0.257%	$70.9M	$155.9M	50x	as long as short
Aster TAOUSDT	+0.0375%	4h	322.69	−0.171%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0391%	1h	322.27	−0.300%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0406%	4h	321.35	−0.586%	$547K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0450%	4h	322.53	−0.220%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0472%	1h	322.50	−0.230%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0514%	1h	322.34	−0.278%	$801K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.55	−0.213%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	322.25	−0.307%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.600%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0568%	1h	322.62	−0.192%	$26K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	322.81	−0.133%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0667%	1h	322.39	−0.263%	$95.3M	$109.9M	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	322.48	−0.235%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	322.16	−0.334%	$370	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0749%	1h	322.34	−0.278%	$300K	$905K	10x	as long as short
Lighter TAO	+0.0800%	1h	322.71	−0.163%	$1.6M	$6.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	323.67	+0.133%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.47	−0.239%	$463K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.62	−0.191%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.062%	$24K	$2K	12x	as long as short