Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo+0.008%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3383.380% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.008%, 7d avg −0.019%

Together, before fees+0.409%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.027% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	311.22	0.0104	pay 0.0013% / 1h	0m 53s	$171K	$998	3x
Short	BloFin TAO-USDT	311.24	0.0340	get 0.0170% / 4h	3h 00m	$4.5M	$10.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.008%Rate

Funding earned: $49.56
Price spread: +0.008% → −0.019%: $2.7
Slippage, 4 orders: −$310.04
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$285.78
Costs to cover: 3.380%
Break-even: 47.4 days

Slippage from Aevo: live order book, 53 min ago; BloFin: live order book, 3 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, 53 min ago	76.45 bp	94.2 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.13 bp	8.1 bp −$8	11.6 bp −$116	25.5 bp −$2,548	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	311.27	+0.016%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.92	−0.094%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0023%	1h	310.54	−0.216%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.24	+0.008%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.16	−0.018%	$3K	$867K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.78	−0.141%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.14	−0.024%	$88.8M	$503.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.10	−0.037%	$26.0M	$120.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.90	−0.101%	$13.4M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.29	+0.024%	$103.1M	$145.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	311.14	−0.024%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.84	−0.121%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.26	+0.015%	$41K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.05	−0.053%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.08	−0.044%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.24	+0.008%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.00	−0.069%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.54	−0.217%	$110K	$542K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	311.22	long leg	$171K	$998	3x
Aster TAOUSDT	+0.0110%	4h	310.97	−0.078%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.220%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.19	−0.008%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.87	−0.109%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.67	−0.176%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0228%	4h	311.40	+0.059%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.30	+0.027%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.217%	$166K	$333	10x	as long as short
Bybit TAOUSDT	+0.0282%	4h	311.21	−0.002%	$67.3M	$151.0M	50x	as long as short
BingX TAO-USDT	+0.0304%	4h	311.14	−0.024%	—	$33.8M	—	as long as short
Nado TAO-PERP	+0.0307%	1h	311.28	+0.020%	$774K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.19	−0.007%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	311.24	+0.008%	$4.5M	$10.7M	100x
Variational Omni TAO	+0.0350%	4h	311.27	+0.018%	$5.5M	$10.1M	—	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.381%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0465%	1h	311.24	+0.008%	$91.2M	$108.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0481%	1h	311.56	+0.111%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0504%	1h	311.45	+0.075%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	311.31	+0.032%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.59	+0.121%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.23	+0.003%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.14	−0.025%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.02	+0.258%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.451%	$23K	$2K	12x	as long as short