Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h 0.000%

Price spread now: Katana Perps against Aevo−0.034%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.145%+$15 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now −0.034%, 7d avg −0.014%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	319.56	0.0104	pay 0.0013% / 1h	37m 07s	$175K	$998	3x
Short	Katana Perps TAO-USD	319.45	0.0125	get 0.0125% / 8h	7h 37m	$2K	$614K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Katana PerpsbpOrdersPrice spread, now −0.034%Rate

Funding earned: $4.33
Price spread: −0.034% → −0.014%: −$1.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$17.47
Costs to cover: 0.198%
Break-even: 35.3 days

Slippage unknown: Aevo: live order book, 37 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 37 min ago	34.18 bp	48.7 bp −$49	299.5 bp −$2,995	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1322%	1h	319.84	+0.088%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0808%	4h	319.48	−0.024%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.69	−0.584%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.23	−0.102%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.61	+0.016%	$43K	$585K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.97	+0.129%	$92.5M	$445.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.90	+0.107%	$26.2M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	+0.013%	$13.0M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.87	+0.098%	$107.3M	$133.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.21	−0.109%	$18.3M	$29.1M	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	319.37	−0.059%	$35.7M	$49.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.424%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.950%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.21	−0.109%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.33	−0.071%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.27	−0.090%	$127K	$424K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	319.56	long leg	$175K	$998	3x
Katana Perps TAO-USDshort	+0.0125%	8h	319.45	−0.034%	$2K	$614K	5x
Bullet TAO-USD	+0.0166%	1h	319.62	+0.020%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.21	−0.108%	$463K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.30	−0.392%	$377K	$374K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	318.59	−0.303%	$48K	$266K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.68	+0.038%	$85K	$545K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	319.07	−0.152%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	318.61	−0.297%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	319.38	−0.057%	$20K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0306%	1h	319.58	+0.007%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.110%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	320.10	+0.170%	$65.8M	$132.2M	50x	as long as short
Variational Omni TAO	+0.0378%	4h	321.33	+0.553%	$5.6M	$8.6M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	319.45	−0.034%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.53	−0.008%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.644%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.459%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.79	+0.073%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.50	−0.018%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0780%	1h	319.50	−0.017%	$893K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0875%	1h	320.16	+0.189%	$324K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.20	+0.201%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1104%	1h	319.33	−0.073%	$929K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.54	−0.006%	$423K	$595K	5x	as long as short
Lighter TAO	+0.1536%	1h	320.08	+0.165%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2443%	1h	320.26	+0.220%	$103.5M	$90.6M	5x	as long as short