Funding you earn now, next payment 06:00 UTC+0.0457%/8h= +50.0% APRnext payment +$0.57 per $10,000 · paid last 24h +0.011%
Price spread now: Arcus against dYdX+0.343%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1151.149% of the position
Funding, last 4 days (all we have)−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.343%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Arcus is 0.223% dearer against dYdX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.120%. Mind the row above: over the last 4 days funding on this pair cost −0.126%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.126% in total (about -12.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 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 | dYdX TAO-USD | 324.14 | 0.0027 | pay 0.0003% / 1h | 2m 14s | $129K | $85K | 5x |
| Short | Arcus TAO-USD | 325.25 | 0.0483 | get 0.0060% / 1h | 2m 14s | $111K | $377K | 5x |
dYdX TAO-USD
Arcus TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against dYdX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $95.88
- Price spread: +0.343% → +0.120%
- $22.33
- Slippage, 4 orders
- −$100.41
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $3.3
- Costs to cover
- 1.149%
- Break-even
- 6.8 days
Slippage from dYdX: live order book, 47 min ago; Arcus: live order book, 46 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 dYdX live order book, 47 min ago | 40.60 bp | 45.6 bp −$46 | 50.4 bp −$504 | 116.9 bp −$11.7K | 852.2 bp −$426.1K |
| Sell Arcus live order book, 46 min ago | 6.85 bp | 10.4 bp −$10 | 23.5 bp −$235 | doesn't fit | doesn't fit |
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 | −0.1440% | 1h | 322.10 | −0.630% | $171K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 324.66 | +0.161% | $21K | — | 150x | as long as short |
| dYdX TAO-USDlong | +0.0027% | 1h | 324.14 | long leg | $129K | $85K | 5x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 324.70 | +0.173% | $27.0M | $129.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 324.80 | +0.204% | $14.3M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 325.05 | +0.281% | $17.9M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 324.66 | +0.161% | $36.6M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 324.86 | +0.223% | $82K | $973K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 324.72 | +0.179% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 324.35 | +0.065% | $121K | $576K | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDT | +0.0100% | 4h | 324.51 | +0.115% | $3.3M | $8.1M | 50x | as long as short |
| Popdex TAOUSDT | +0.0104% | 1h | 325.08 | +0.290% | $42K | $687K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 325.03 | +0.275% | $2K | $963K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 324.67 | +0.164% | $54K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 324.91 | +0.238% | $178K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0124% | 4h | 323.29 | −0.260% | $43K | $316K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0125% / S +0.0143% | 1h | 324.71 | +0.176% | $436K | — | 100x | as long as short |
| MEXC TAO_USDT | +0.0144% | 4h | 325.12 | +0.303% | $104.3M | $149.3M | 300x | as long as short |
| Binance TAOUSDT | +0.0148% | 4h | 324.99 | +0.263% | $93.9M | $518.7M | 75x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 324.62 | +0.147% | $369K | $421K | 10x | as long as short |
| Nado TAO-PERP | +0.0287% | 1h | 325.10 | +0.296% | $823K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0293% | 8h | 324.70 | +0.172% | $15K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0293% | 1h | 325.11 | +0.298% | $6.1M | $21.6M | 50x | as long as short |
| Aster TAOUSDT | +0.0311% | 4h | 324.91 | +0.238% | $1.3M | $10.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0321% | 1h | 325.09 | +0.294% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0384% | 4h | 323.38 | −0.234% | $4.6M | $11.2M | 100x | as long as short |
| BingX TAO-USDT | +0.0424% | 4h | 324.93 | +0.244% | — | $34.0M | — | as long as short |
| Bybit TAOUSDT | +0.0429% | 4h | 324.98 | +0.260% | $71.2M | $154.8M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0468% | 4h | 322.01 | −0.655% | $549K | $948K | 10x | as long as short |
| Arcus TAO-USDshort | +0.0483% | 1h | 325.25 | +0.343% | $111K | $377K | 5x | |
| ApeX Omni TAOUSDT | +0.0495% | 1h | 323.55 | −0.182% | $47K | $257K | 50x | as long as short |
| Extended TAO-USD | +0.0496% | 1h | 324.78 | +0.198% | $920K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 323.50 | −0.197% | $322K | $713K | 5x | as long as short |
| Variational Omni TAO | +0.0516% | 4h | 323.58 | −0.173% | $5.7M | $10.1M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0553% | 1h | 324.86 | +0.222% | $23K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 325.04 | +0.278% | $374 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 325.19 | +0.326% | $1.5M | $6.6M | 5x | as long as short |
| Hyperliquid TAO | +0.0808% | 1h | 325.22 | +0.334% | $96.0M | $109.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0816% | 1h | 325.65 | +0.466% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0850% | 1h | 324.07 | −0.021% | $321K | $894K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 325.87 | +0.534% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 325.06 | +0.284% | $466K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 323.62 | −0.160% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Popdex TAOUSDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
edgeX TAOUSDC
GMX TAO/USD [WBTC.b-USDC]
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
BingX TAO-USDT
Bybit TAOUSDT
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Extended TAO-USD
Phoenix TAO
Variational Omni TAO
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Lighter TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP