Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0470%/8h= +51.4% APRnext payment +$0.59 per $10,000 · paid last 24h +0.065%
Price spread now: Extended against dYdX+0.005%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.005%, 7d avg −0.001%
Together, before fees−0.027%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX TAO-USD323.840.0026pay 0.0003% / 1h1m 35s$129K$85K5x
ShortExtended TAO-USD323.850.0496get 0.0062% / 1h1m 35s$920K$2.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against dYdX. 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

Funding earned
$98.64
Price spread: +0.005% → −0.001%
$0.55
Slippage, 4 orders
−$89.46
Fee dYdX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$5.26
Costs to cover
1.045%
Break-even
7.4 days
Slippage from dYdX: live order book, 47 min ago; Extended: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 47 min ago40.60 bp45.6 bp −$4650.4 bp −$504116.9 bp −$11.7K852.2 bp −$426.1K
Sell Extended live order book, 2 min ago3.09 bp7.4 bp −$79.1 bp −$91doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1440%1h322.10−0.538%$171K$33310xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h324.66+0.254%$21K150xas long as short
dYdX TAO-USDlong+0.0026%1h323.84long leg$129K$85K5x
OKX TAO-USDT-SWAP+0.0100%8h323.40−0.135%$27.0M$129.1M50xas long as short
Gate TAO_USDT+0.0100%4h323.70−0.043%$14.3M$52.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h323.98+0.044%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h323.33−0.157%$36.5M$57.7M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h323.47−0.114%$83K$974K5xas long as short
SunX TAO-USDT+0.0100%4h324.72+0.272%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h324.35+0.158%$121K$576K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TAOUSDT+0.0100%4h324.51+0.207%$3.3M$8.1M50xas long as short
Popdex TAOUSDT+0.0104%1h323.72−0.037%$42K$687K20xas long as short
Katana Perps TAO-USD+0.0110%8h323.89+0.016%$669$964K5xas long as short
Orderly PERP_TAO_USDC+0.0120%4h324.67+0.257%$54K$292K10xas long as short
Aevo TAO-PERP+0.0120%1h324.91+0.330%$178K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0125% / S +0.0143%1h324.71+0.268%$436K100xas long as short
edgeX TAOUSDC+0.0144%4h323.49−0.108%$43K$317K10xas long as short
MEXC TAO_USDT+0.0148%4h324.09+0.078%$104.1M$149.4M300xas long as short
Binance TAOUSDT+0.0156%4h323.72−0.037%$94.3M$518.9M75xas long as short
Pacifica TAO+0.0233%1h324.01+0.052%$369K$421K10xas long as short
Paradex TAO-USD-PERP+0.0288%8h324.07+0.072%$15K$1K10xas long as short
Kraken Futures PF_TAOUSD+0.0293%1h325.11+0.391%$6.1M$21.6M50xas long as short
Nado TAO-PERP+0.0300%1h323.72−0.037%$820K$2.2M10xas long as short
Aster TAOUSDT+0.0311%4h324.16+0.101%$1.3M$10.8M50xas long as short
Bullet TAO-USD+0.0321%1h325.09+0.387%$12K$17K20xas long as short
BloFin TAO-USDT+0.0384%4h323.38−0.142%$4.6M$11.2M100xas long as short
Bybit TAOUSDT+0.0413%4h323.65−0.058%$70.9M$154.8M50xas long as short
BingX TAO-USDT+0.0424%4h323.95+0.034%$34.1Mas long as short
Arcus TAO-USD+0.0483%1h324.30+0.143%$111K$377K5xas long as short
GRVT TAO_USDT_Perp+0.0490%4h324.22+0.119%$553K$948K10xas long as short
ApeX Omni TAOUSDT+0.0495%1h323.55−0.089%$47K$257K50xas long as short
Extended TAO-USDshort+0.0496%1h323.85+0.005%$920K$2.4M25x
Phoenix TAO+0.0513%1h323.50−0.105%$322K$713K5xas long as short
Variational Omni TAO+0.0516%4h323.58−0.080%$5.7M$10.1Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0553%1h324.86+0.315%$23K$1.9M25xas long as short
Reya TAORUSDPERP+0.0697%1h323.44−0.122%$37220xas long as short
Lighter TAO+0.0784%1h324.21+0.114%$1.5M$6.6M5xas long as short
Hyperliquid TAO+0.0802%1h324.33+0.152%$95.9M$109.8M5xas long as short
01 Exchange TAOUSD+0.0816%1h323.92+0.025%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0853%1h324.93+0.337%$322K$894K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h325.87+0.627%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.0948%1h323.89+0.017%$465K$651K5xas long as short
Injective TAO/USDC PERP+0.3711%1h323.62−0.067%$24K$2K12xas long as short