TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.007%

Price spread now: dYdX against ApeX Omni−0.091%50s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1231.231% of the position

Long on ApeX Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.091%, 7d avg −0.072%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you. The two prices were read 50 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	ApeX Omni TAOUSDT	317.02	0.0100	pay 0.0013% / 1h	56m 46s	$46K	$260K	50x
Short	dYdX TAO-USD	316.73	0	get 0.0000% / 1h	56m 46s	$126K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against ApeX Omni. 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 ApeX OmnibpFee dYdXbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$21
Price spread: −0.091% → −0.072%: −$1.95
Slippage, 4 orders: −$103.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$146.01
Costs to cover: 1.231%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; dYdX: live order book, 47 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 ApeX Omni live order book, 45 min ago	4.38 bp	11.4 bp −$11	119.4 bp −$1,194	doesn't fit	doesn't fit
Sell dYdX live order book, 47 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
dYdX TAO-USDshort	0.0000%	1h	316.73	−0.091%	$126K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.91	−0.033%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.24	+0.069%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	−0.069%	$26.5M	$129.4M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.261%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.101%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.89	−0.041%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.72	−0.095%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	317.02	long leg	$46K	$260K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	317.16	+0.044%	$84K	$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	317.02	0.000%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.60	−0.132%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	317.27	+0.079%	$720	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0111% / S +0.0155%	1h	316.90	−0.039%	$423K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.39	+0.115%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0135%	4h	317.15	+0.041%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0165%	4h	316.95	−0.021%	$92.0M	$529.0M	75x	as long as short
MEXC TAO_USDT	+0.0168%	4h	316.99	−0.009%	$107.2M	$150.4M	300x	as long as short
edgeX TAOUSDC	+0.0169%	4h	317.60	+0.183%	$42K	$317K	10x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.60	+0.183%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0226%	8h	316.98	−0.013%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0242%	4h	316.84	−0.057%	—	$36.9M	—	as long as short
Bybit TAOUSDT	+0.0244%	4h	317.04	+0.006%	$69.4M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	317.00	−0.007%	$360K	$427K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	316.75	−0.084%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	+0.106%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0328%	4h	316.98	−0.013%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0408%	4h	317.28	+0.082%	$4.7M	$10.9M	100x	as long as short
Lighter TAO	+0.0432%	1h	317.13	+0.036%	$1.6M	$6.8M	5x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.23	+0.066%	$102K	$389K	5x	as long as short
Nado TAO-PERP	+0.0480%	1h	317.40	+0.119%	$787K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0486%	1h	317.17	+0.049%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	+0.129%	$5.6M	$10.2M	—	as long as short
Hyperliquid TAO	+0.0560%	1h	317.15	+0.041%	$93.8M	$110.1M	5x	as long as short
Phoenix TAO	+0.0567%	1h	318.10	+0.341%	$317K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0594%	1h	317.20	+0.057%	$295K	$905K	10x	as long as short
Phemex TAOUSDT	+0.0597%	4h	317.37	+0.110%	$3.2M	$8.2M	50x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	317.66	+0.202%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.19	+0.053%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.22	+0.062%	$437K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.33	+0.097%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.06	+0.328%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+1.151%	$23K	$2K	12x	as long as short