Funding you earn now, next payment 07:00 UTC+0.0703%/8h= +77.0% APRnext payment +$0.88 per $10,000 · paid last 24h +0.019%
Price spread now: Deribit against dYdX+0.024%85s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as 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−$1191.189% of the position
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.024%, 7d avg +0.067%
=Funding pays, the price is against you. Deribit is 0.042% cheaper against dYdX than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.067%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.232%, so the current rate has only just turned in your favour. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.232% in total (about -12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 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 | 319.13 | 0 | get 0.0000% / 1h | 28m 47s | $127K | $85K | 5x |
| Short | Deribit TAO_USDC-PERPETUAL | 319.21 | 0.0703 | get 0.0088% / 1h | 28m 47s | $15K | $1.9M | 25x |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $147.63
- Price spread: +0.024% → +0.067%
- −$4.25
- Slippage, 4 orders
- −$101.95
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $24.43
- Costs to cover
- 1.189%
- Break-even
- 5.8 days
Slippage from dYdX: live order book, 15 min ago; Deribit: live order book, just now.
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, 15 min ago | 44.87 bp | 49.9 bp −$50 | 74.8 bp −$748 | 137.8 bp −$13.8K | 466.4 bp −$233.2K |
| Sell Deribit live order book, just now | 6.10 bp | 9.6 bp −$10 | 18.4 bp −$184 | 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 | −0.1995% | 1h | 319.47 | +0.107% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USDlong | 0.0000% | 1h | 319.13 | long leg | $127K | $85K | 5x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.23 | +0.030% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.09 | +0.301% | $42K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.00 | −0.041% | $26.6M | $129.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.00 | −0.041% | $14.2M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.06 | −0.022% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.11 | −0.006% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.382% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.94 | +0.254% | $96K | $1.2M | 5x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.71 | +0.182% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.56 | −0.179% | $119K | $590K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.87 | +0.232% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0118% / S +0.0149% | 1h | 319.56 | +0.135% | $427K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.43 | +0.094% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0122% | 4h | 319.22 | +0.028% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 319.82 | +0.215% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0170% | 4h | 319.12 | −0.003% | $105.5M | $150.1M | 300x | as long as short |
| Binance TAOUSDT | +0.0172% | 4h | 319.26 | +0.040% | $92.4M | $529.0M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0264% | 8h | 320.09 | +0.301% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0298% | 4h | 319.37 | +0.075% | $3.2M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0334% | 4h | 319.48 | +0.109% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0334% | 4h | 319.28 | +0.047% | $69.9M | $156.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0350% | 4h | 319.29 | +0.050% | — | $34.6M | — | as long as short |
| Bullet TAO-USD | +0.0384% | 1h | 319.27 | +0.044% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 319.57 | +0.139% | $544K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0410% | 4h | 319.36 | +0.072% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 319.16 | +0.008% | $911K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 320.07 | +0.294% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0541% | 4h | 320.05 | +0.288% | $5.7M | $10.2M | — | as long as short |
| Nado TAO-PERP | +0.0551% | 1h | 319.98 | +0.266% | $799K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | +0.022% | $318K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0628% | 1h | 319.50 | +0.116% | $94.4M | $110.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 320.34 | +0.379% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.31 | +0.370% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.25 | +0.036% | $367 | — | 20x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0703% | 1h | 319.21 | +0.024% | $15K | $1.9M | 25x | |
| Backpack TAO_USDC_PERP | +0.0707% | 1h | 319.12 | −0.003% | $297K | $905K | 10x | as long as short |
| Lighter TAO | +0.0728% | 1h | 319.49 | +0.114% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.68 | +0.486% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.41 | +0.088% | $457K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.32 | +0.058% | $5.9M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +1.351% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP