Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.002%

Price spread now: MEXC against Aevo−0.011%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.011%, 7d avg −0.042%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.030% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	316.93	0.0120	pay 0.0015% / 1h	48m 50s	$174K	$998	3x
Short	MEXC TAO_USDT	316.89	0.0164	get 0.0082% / 4h	3h 48m	$104.1M	$151.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.011%Rate

Funding earned: $9.24
Price spread: −0.011% → −0.042%: $3.03
Slippage, 4 orders: −$129.63
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$133.35
Costs to cover: 1.456%
Break-even: 108.0 days

Slippage from Aevo: live order book, 50 min ago; MEXC: live order book, 5 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, 50 min ago	53.11 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.58 bp	2.3 bp −$2	10.8 bp −$108	30.0 bp −$2,999	84.4 bp −$42.2K

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.67	−0.080%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0086%	1h	316.53	−0.125%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.75	−0.055%	$49K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.49	−0.137%	$2K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	+0.024%	$26.4M	$131.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.052%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.134%	$14.8M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.74	−0.059%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.62	−0.096%	$35.7M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.83	−0.030%	$87K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	316.81	−0.036%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.26	−0.210%	$116K	$589K	20x	as long as short
Aevo TAO-PERPlong	+0.0120%	1h	316.93	long leg	$174K	$998	3x
GRVT TAO_USDT_Perp	+0.0140%	4h	316.42	−0.161%	$542K	$887K	10x	as long as short
Binance TAOUSDT	+0.0158%	4h	317.09	+0.053%	$92.8M	$531.9M	75x	as long as short
MEXC TAO_USDTshort	+0.0164%	4h	316.89	−0.011%	$104.1M	$151.5M	300x
edgeX TAOUSDC	+0.0167%	4h	316.51	−0.131%	$42K	$320K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0202%	4h	317.03	+0.033%	$54K	$299K	10x	as long as short
Phemex TAOUSDT	+0.0247%	4h	316.98	+0.017%	$3.2M	$8.2M	50x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.75	−0.055%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0253%	1h	317.24	+0.099%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0308%	1h	316.74	−0.059%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0316%	4h	316.92	−0.003%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.47	−0.144%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0107%	1h	316.79	−0.043%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0384%	1h	316.73	−0.062%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0398%	4h	316.98	+0.017%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	317.03	+0.033%	$100K	$377K	5x	as long as short
Hyperliquid TAO	+0.0555%	1h	317.25	+0.102%	$93.6M	$109.9M	5x	as long as short
Nado TAO-PERP	+0.0557%	1h	316.76	−0.051%	$770K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.418%	$317K	$714K	5x	as long as short
Bybit TAOUSDT	+0.0598%	4h	317.18	+0.080%	$69.8M	$156.3M	50x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	−0.291%	$5.6M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0613%	1h	317.20	+0.087%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	316.84	−0.027%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	317.32	+0.124%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.15	+0.071%	$365	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0773%	1h	317.23	+0.096%	$317K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0785%	1h	317.19	+0.083%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.75	−0.055%	$448K	$669K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.20	+0.087%	$1.2M	$7.3M	50x	as long as short
BingX TAO-USDT	+0.1210%	4h	316.97	+0.014%	—	$37.4M	—	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.573%	$23K	$2K	12x	as long as short