Funding you earn now, next payment 23:00 UTC+0.0436%/8h= +47.8% APRnext payment +$0.55 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against dYdX+0.084%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days−0.084%−$8 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.084%, 7d avg +0.081%
=The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.084%, 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 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 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 | 305.55 | 0.0015 | pay 0.0002% / 1h | 16m 40s | $125K | $85K | 5x |
| Short | Backpack TAO_USDC_PERP | 305.81 | 0.0451 | get 0.0056% / 1h | 16m 40s | $293K | $800K | 10x |
dYdX TAO-USD
Backpack TAO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack 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
- $91.62
- Price spread: +0.084% → +0.081%
- $0.36
- Slippage, 4 orders
- −$77.23
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$5.25
- Costs to cover
- 0.972%
- Break-even
- 7.4 days
Slippage from dYdX: live order book, 2 min ago; Backpack: live order book, 2 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, 2 min ago | 36.40 bp | 41.4 bp −$41 | 55.7 bp −$557 | 168.0 bp −$16.8K | 1238.5 bp −$619.2K |
| Sell Backpack live order book, 2 min ago | 1.96 bp | 7.3 bp −$7 | 20.8 bp −$208 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 305.75 | +0.063% | $20K | — | 150x | as long as short |
| dYdX TAO-USDlong | +0.0015% | 1h | 305.55 | long leg | $125K | $85K | 5x | |
| Popdex TAOUSDT | +0.0096% | 1h | 306.06 | +0.166% | $45K | $539K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 305.92 | +0.119% | $85.6M | $414.4M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.04 | +0.160% | $59.2M | $121.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.90 | +0.114% | $24.6M | $95.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.23 | +0.222% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 302.77 | −0.910% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.80 | +0.081% | $12.2M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 305.78 | +0.075% | $113.7M | $125.8M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 305.90 | +0.114% | $18.2M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.89 | +0.111% | $34.1M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.89 | +0.111% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.18 | +0.206% | $40K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.91 | +0.117% | $506K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.01 | +0.150% | $75K | $557K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 305.89 | +0.111% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.72 | +0.055% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.88 | +0.107% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.05 | +0.163% | $122K | $368K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.67 | +0.039% | $3.2M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0102% | 1h | 306.21 | +0.215% | $46K | $270K | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.98 | +0.140% | $168K | $998 | 3x | as long as short |
| Variational Omni TAO | +0.0105% | 4h | 305.97 | +0.136% | $3.7M | $6.7M | — | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 305.98 | +0.140% | $626 | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0119% | 4h | 305.72 | +0.054% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 305.89 | +0.111% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 305.96 | +0.133% | $361K | $370K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0170% | 1h | 305.86 | +0.100% | $19K | $1.4M | 25x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.66 | +0.037% | $437K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0319% | 1h | 306.05 | +0.162% | $826K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 305.78 | +0.075% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAO | +0.0352% | 1h | 305.88 | +0.106% | $1.6M | $5.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0408% | 1h | 306.34 | +0.258% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERPshort | +0.0451% | 1h | 305.81 | +0.084% | $293K | $800K | 10x | |
| Phoenix TAO | +0.0521% | 1h | 306.60 | +0.343% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 305.81 | +0.085% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0760% | 1h | 306.01 | +0.149% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 306.25 | +0.228% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1034% | 1h | 305.63 | +0.026% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAO | +0.1081% | 1h | 306.11 | +0.183% | $93.2M | $80.7M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 306.21 | +0.215% | $417K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.040% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
ApeX Omni TAOUSDT
Aevo TAO-PERP
Variational Omni TAO
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
Deribit TAO_USDC-PERPETUAL
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
01 Exchange TAOUSD
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP