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

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0448%/8h= +49.0% APRnext payment +$0.56 per $10,000 · paid last 24h −0.006%
Price spread now: Pacifica against dYdX+0.100%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1091.087% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.068%−$7 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.100%, 7d avg +0.050%
Together, before fees−0.115%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Pacifica is 0.050% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.050%. Mind the row above: over the last 7 days funding on this pair cost −0.068%, 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 -0.068% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.56 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-USD316.840get 0.0000% / 1h8m 07s$126K$85K5x
ShortPacifica TAO317.160.0448get 0.0056% / 1h8m 07s$373K$413K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$94.06
Price spread: +0.100% → +0.050%
$5.03
Slippage, 4 orders
−$90.68
Fee dYdX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$9.59
Costs to cover
1.087%
Break-even
7.7 days
Slippage from dYdX: live order book, 56 min ago; Pacifica: live order book, 55 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, 56 min ago38.70 bp45.9 bp −$4673.6 bp −$736179.9 bp −$18.0K664.8 bp −$332.4K
Sell Pacifica live order book, 55 min ago3.77 bp10.5 bp −$11doesn't fitdoesn'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−0.1916%1h325.17+2.629%$172K$1K10xas long as short
dYdX TAO-USDlong0.0000%1h316.84long leg$126K$85K5x
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.82−0.007%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h317.12+0.088%$40K$686K20xas long as short
Binance TAOUSDT+0.0100%4h316.74−0.031%$92.1M$490.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.80−0.013%$26.1M$120.1M50xas long as short
Gate TAO_USDT+0.0100%4h316.50−0.107%$13.0M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h316.69−0.047%$104.1M$144.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h316.91+0.022%$17.7M$31.6M75xas long as short
Bitget TAOUSDT+0.0100%4h316.41−0.136%$35.3M$55.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h316.99+0.047%$36K$302K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.98+0.044%$88K$796K5xas long as short
SunX TAO-USDT+0.0100%4h316.96+0.038%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h316.71−0.041%$109K$529K20xas long as short
Aevo TAO-PERP+0.0104%1h317.20+0.114%$174K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h316.63−0.066%$673$776K5xas long as short
Orderly PERP_TAO_USDC+0.0126%4h316.73−0.035%$57K$275K10xas long as short
Phemex TAOUSDT+0.0154%4h317.03+0.060%$3.4M$7.9M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0157% / S +0.0112%1h316.79−0.014%$430K100xas long as short
Bullet TAO-USD+0.0160%1h317.02+0.057%$12K$18K20xas long as short
GRVT TAO_USDT_Perp+0.0192%4h318.34+0.472%$528K$952K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0203%1h316.87+0.008%$15K$1.6M25xas long as short
Paradex TAO-USD-PERP+0.0246%8h317.28+0.138%$14K$1K10xas long as short
Kraken Futures PF_TAOUSD+0.0248%1h316.70−0.043%$5.6M$20.8M50xas long as short
Aster TAOUSDT+0.0284%4h316.86+0.007%$1.2M$10.1M50xas long as short
BloFin TAO-USDT+0.0340%4h317.25+0.129%$4.6M$11.3M100xas long as short
ApeX Omni TAOUSDT+0.0371%1h316.95+0.035%$47K$253K50xas long as short
Bybit TAOUSDT+0.0399%4h316.99+0.047%$69.5M$146.2M50xas long as short
Pacifica TAOshort+0.0448%1h317.16+0.100%$373K$413K10x
BingX TAO-USDT+0.0448%4h316.64−0.063%$30.3Mas long as short
Phoenix TAO+0.0504%1h317.70+0.271%$332K$707K5xas long as short
Arcus TAO-USD+0.0509%1h317.37+0.167%$100K$488K5xas long as short
Nado TAO-PERP+0.0587%1h316.99+0.049%$817K$2.2M10xas long as short
Extended TAO-USD+0.0632%1h316.72−0.037%$932K$2.4M25xas long as short
01 Exchange TAOUSD+0.0672%1h317.23+0.123%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0696%1h316.89+0.017%$36420xas long as short
Lighter TAO+0.0736%1h317.06+0.068%$1.6M$6.4M5xas long as short
Variational Omni TAO+0.0799%4h316.62−0.068%$5.9M$9.8Mas long as short
Backpack TAO_USDC_PERP+0.0857%1h316.77−0.022%$315K$927K10xas long as short
Hyperliquid TAO+0.0999%1h316.86+0.005%$95.8M$104.0M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h317.97+0.357%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.1159%1h317.17+0.105%$442K$659K5xas long as short
Injective TAO/USDC PERP+0.4172%1h321.62+1.509%$23K$2K12xas long as short