Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo−0.920%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$2262.261% of the position

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.828%+$83 · spread now −0.920%, 7d avg −0.057%

Together, before fees+0.759%+ Points / potential airdropedgeX: Active · farm board+$76 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: edgeX is 0.864% cheaper against Aevo than usual: you would sell low and buy high, −$86 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	317.20	0.0104	pay 0.0013% / 1h	22m 26s	$174K	$998	3x
Short	edgeX TAOUSDC	314.28	0.0100	get 0.0050% / 4h	2h 22m	$35K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.920%Rate

Funding earned: −$0.84
Price spread: −0.920% → −0.057%: −$86.35
Slippage, 4 orders: −$201.06
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$313.25
Costs to cover: 2.261%
Break-even: never at this rate

Slippage from Aevo: live order book, 46 min ago; edgeX: live order book, 45 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, 46 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell edgeX live order book, 45 min ago	7.89 bp	12.4 bp −$12	25.3 bp −$253	doesn't fit	doesn't fit

TAO on 42 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
dYdX TAO-USD	0.0000%	1h	316.86	−0.108%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.20	−0.316%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.15	−0.016%	$40K	$632K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.31	−0.281%	$90.6M	$466.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	−0.284%	$26.2M	$113.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.60	−0.190%	$12.9M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.05	−0.048%	$110.6M	$139.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.25	+0.015%	$18.2M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.91	−0.092%	$35.3M	$53.5M	50x	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	314.28	−0.920%	$35K	$298K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.776%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.24	−0.303%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.74	−0.146%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.46	−0.234%	$130K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.60	−0.190%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	317.20	long leg	$174K	$998	3x
Katana Perps TAO-USD	+0.0120%	8h	317.04	−0.051%	$674	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0140%	1h	317.08	−0.038%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.753%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.72	−0.150%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	316.22	−0.309%	$443K	—	100x	as long as short
Bullet TAO-USD	+0.0241%	1h	317.06	−0.045%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0261%	4h	316.85	−0.112%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.28	+0.025%	$373K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.44	+0.075%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0354%	8h	317.10	−0.032%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.463%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0496%	1h	317.13	−0.022%	$791K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	−0.410%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.73	+0.167%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0664%	1h	316.75	−0.142%	$23K	$1.5M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.11	−0.030%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0764%	4h	316.64	−0.177%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.520%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0837%	4h	316.48	−0.227%	$66.4M	$137.9M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	317.16	−0.012%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0919%	1h	317.04	−0.051%	$320K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.98	−0.070%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.15	−0.015%	$453K	$631K	5x	as long as short
Hyperliquid TAO	+0.1298%	1h	317.57	+0.116%	$100.7M	$94.8M	5x	as long as short
Lighter TAO	+0.1432%	1h	317.61	+0.129%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.603%	$164K	$40K	10x	as long as short