Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Aevo−0.267%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1301.304% of the position

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.217%+$22 · spread now −0.267%, 7d avg −0.026%

Together, before fees+0.171%+ Points / potential airdropGRVT: Active · farm board+$17 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: GRVT is 0.241% cheaper against Aevo than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	306.96	0.0104	pay 0.0013% / 1h	9m 25s	$169K	$998	3x
Short	GRVT TAO_USDT_Perp	306.14	0.0100	get 0.0050% / 4h	1h 09m	$506K	$967K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.267%Rate

Funding earned: −$0.84
Price spread: −0.267% → −0.026%: −$24.07
Slippage, 4 orders: −$105.4
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$155.32
Costs to cover: 1.304%
Break-even: never at this rate

Slippage from Aevo: live order book, 9 min ago; GRVT: live order book, 9 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, 9 min ago	38.86 bp	55.6 bp −$56	295.0 bp −$2,950	doesn't fit	doesn't fit
Sell GRVT live order book, 9 min ago	1.31 bp	10.1 bp −$10	18.3 bp −$183	doesn't fit	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	−0.0396%	1h	305.88	−0.353%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.71	−0.081%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	305.76	−0.391%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.80	−0.052%	$45K	$540K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.87	−0.028%	$85.9M	$414.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.04	+0.026%	$59.5M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.90	−0.019%	$24.6M	$95.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.88	−0.026%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.70	−0.084%	$12.2M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.90	−0.019%	$114.6M	$126.1M	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	306.63	−0.107%	$18.2M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.78	−0.058%	$34.2M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.86	−0.032%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.62	−0.111%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perpshort	+0.0100%	4h	306.14	−0.267%	$506K	$967K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	305.47	−0.485%	$46K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.84	−0.039%	$75K	$555K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.92	−0.012%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.78	−0.058%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.98	−0.319%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.24	−0.234%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.89	−0.348%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	306.96	long leg	$169K	$998	3x
Katana Perps TAO-USD	+0.0110%	8h	306.77	−0.061%	$628	$505K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.090%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0124%	4h	306.83	−0.041%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0152%	8h	306.13	−0.271%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.24	−0.234%	$362K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.69	−0.088%	$438K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0295%	1h	306.91	−0.017%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.79	−0.056%	$828K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.67	−0.094%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	306.33	−0.206%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.92	−0.013%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0455%	1h	305.95	−0.329%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	−0.215%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.73	−0.074%	$353	—	20x	as long as short
Extended TAO-USD	+0.0712%	1h	306.61	−0.112%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.88	−0.026%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	306.19	−0.251%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1127%	1h	307.29	+0.108%	$93.7M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.85	−0.035%	$418K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.577%	$22K	$264	12x	as long as short