Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Aevo+0.267%48s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as 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−$1311.308% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.331%−$33 · spread now +0.267%, 7d avg −0.038%

Together, before fees−0.402%−$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.304% dearer against Aevo than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	314.26	0.0104	pay 0.0013% / 1h	48m 26s	$173K	$998	3x
Short	Binance TAOUSDT	315.10	0.0100	get 0.0050% / 4h	48m 26s	$90.9M	$488.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersPrice spread, now +0.267%Rate

Funding earned: −$0.84
Price spread: +0.267% → −0.038%: $30.44
Slippage, 4 orders: −$104.8
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$101.2
Costs to cover: 1.308%
Break-even: never at this rate

Slippage from Aevo: live order book, 10 min ago; Binance: live order book, 10 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 Aevo live order book, 10 min ago	37.19 bp	51.6 bp −$52	303.2 bp −$3,032	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.16 bp	8.7 bp −$9	14.5 bp −$145	28.4 bp −$2,844	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	−0.0499%	1h	315.15	+0.283%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.34	+0.026%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.52	+0.082%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	314.33	+0.021%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.10	+0.267%	$42K	$685K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	315.10	+0.267%	$90.9M	$488.9M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	+0.171%	$25.9M	$119.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	+0.108%	$12.9M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.93	+0.213%	$104.8M	$142.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.94	+0.216%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.65	+0.123%	$35.1M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.19	+0.612%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.46	+0.063%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.77	+0.162%	$89K	$789K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.79	+0.168%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.27	+0.003%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.91	−0.112%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.21	−0.017%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	314.26	long leg	$173K	$998	3x
Katana Perps TAO-USD	+0.0104%	8h	314.70	+0.139%	$2K	$784K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0122%	4h	316.28	+0.641%	$527K	$952K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	314.19	−0.023%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0153% / S +0.0116%	1h	314.00	−0.082%	$426K	—	100x	as long as short
Bybit TAOUSDT	+0.0171%	4h	314.97	+0.225%	$68.6M	$146.2M	50x	as long as short
01 Exchange TAOUSD	+0.0184%	1h	315.08	+0.260%	$3K	$4K	5x	as long as short
Paradex TAO-USD-PERP	+0.0197%	8h	314.59	+0.105%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0210%	4h	314.45	+0.060%	$1.2M	$10.1M	50x	as long as short
Nado TAO-PERP	+0.0235%	1h	314.89	+0.200%	$816K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0238%	1h	315.06	+0.254%	$94.1M	$104.8M	5x	as long as short
BingX TAO-USDT	+0.0244%	4h	314.88	+0.197%	—	$30.1M	—	as long as short
Backpack TAO_USDC_PERP	+0.0280%	1h	314.54	+0.088%	$315K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.22	−0.013%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.12	+0.273%	$99K	$488K	5x	as long as short
Extended TAO-USD	+0.0352%	1h	314.76	+0.158%	$922K	$2.4M	25x	as long as short
Lighter TAO	+0.0360%	1h	314.83	+0.181%	$1.5M	$6.4M	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.67	+0.130%	$361K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0456%	1h	314.35	+0.029%	$13K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.50	+0.076%	$313K	$697K	5x	as long as short
Variational Omni TAO	+0.0651%	4h	314.33	+0.022%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.75	+0.156%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.18	+0.294%	$434K	$657K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.00	+0.235%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.702%	$23K	$2K	12x	as long as short