Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Aevo+0.150%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2242.240% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)−0.149%−$15 · spread now +0.150%, 7d avg −0.069%

Together, before fees−0.201%−$20 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: OKX is 0.218% dearer against Aevo than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	317.42	0.0104	pay 0.0013% / 1h	7m 16s	$174K	$998	3x
Short	OKX TAO-USDT-SWAP	317.90	0.0100	get 0.0100% / 8h	7h 07m	$25.8M	$109.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$0.84
Price spread: +0.150% → −0.069%: $21.84
Slippage, 4 orders: −$197.95
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$202.95
Costs to cover: 2.240%
Break-even: never at this rate

Slippage from Aevo: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.58 bp	13.3 bp −$13	19.6 bp −$196	60.5 bp −$6,045	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	−0.1228%	1h	316.14	−0.405%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.78	−0.203%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.76	−0.208%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.00	−0.134%	$42K	$600K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.05	+0.197%	$91.1M	$450.6M	75x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	317.90	+0.150%	$25.8M	$109.6M	50x
Gate TAO_USDT	+0.0100%	4h	316.60	−0.260%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.86	−0.178%	$99.6M	$136.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.94	−0.153%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.62	+0.062%	$35.3M	$51.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.12	−0.412%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.81	−0.509%	$523K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.90	+0.150%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.70	−0.228%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.76	+0.106%	$127K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.76	+0.106%	$3.4M	$7.8M	50x	as long as short
Bullet TAO-USD	+0.0102%	1h	316.93	−0.155%	$12K	$17K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	317.42	long leg	$174K	$998	3x
Katana Perps TAO-USD	+0.0117%	8h	316.90	−0.165%	$2K	$644K	5x	as long as short
ApeX Omni TAOUSDT	+0.0154%	1h	316.14	−0.405%	$48K	$267K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.66	−0.239%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.91	−0.163%	$375K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.20	−0.071%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0202%	4h	316.94	−0.151%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	316.99	−0.136%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0267%	1h	317.17	−0.080%	$93K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0292%	1h	317.77	+0.109%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.23	+0.254%	$4.5M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	317.90	+0.149%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.20	−0.386%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	−0.152%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	317.04	−0.121%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	316.59	−0.263%	$23K	$902	12x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.81	−0.193%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	316.95	−0.149%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0715%	4h	318.37	+0.298%	$65.5M	$133.5M	50x	as long as short
Nado TAO-PERP	+0.0752%	1h	317.10	−0.104%	$877K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	316.65	−0.244%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.23	−0.061%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	317.84	+0.132%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.94	−0.151%	$421K	$593K	5x	as long as short
Lighter TAO	+0.1408%	1h	318.42	+0.313%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1792%	1h	317.31	−0.036%	$101.5M	$91.5M	5x	as long as short