Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0656%/8h= +71.8% APRnext payment +$0.82 per $10,000 · paid last 24h +0.091%
Price spread now: 01 Exchange against Aevo+0.028%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and 01 Exchange is 0.028% dearer against Aevo than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo TAO-PERP314.840.0104pay 0.0013% / 1h35m 59s$173K$9983x
Short01 Exchange TAOUSD314.930.0760get 0.0095% / 1h35m 59s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$137.76
Price spread: +0.028% → 0.000%
$2.78
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$117.54
Costs to cover
0.230%
Break-even
1.0 days
Slippage unknown: Aevo: live order book, 13 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 13 min ago72.17 bp114.2 bp −$114doesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h314.53−0.099%$23K150xas long as short
dYdX TAO-USD+0.0043%1h314.08−0.242%$125K$85K5xas long as short
Katana Perps TAO-USD+0.0100%8h314.22−0.198%$2K$899K5xas long as short
Binance TAOUSDT+0.0100%4h314.73−0.036%$90.1M$506.9M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.20+0.114%$26.3M$122.6M50xas long as short
Bulk TAO-USD+0.0100%1h314.32−0.166%$167K$33310xas long as short
Gate TAO_USDT+0.0100%4h314.60−0.077%$13.9M$50.8M50xas long as short
MEXC TAO_USDT+0.0100%4h315.75+0.288%$106.6M$145.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h315.69+0.269%$17.4M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h314.88+0.012%$35.4M$57.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h312.76−0.663%$41K$314K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.32−0.166%$90K$919K5xas long as short
SunX TAO-USDT+0.0100%4h314.16−0.217%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.39−0.144%$111K$546K20xas long as short
Aevo TAO-PERPlong+0.0104%1h314.84long leg$173K$9983x
Orderly PERP_TAO_USDC+0.0123%4h314.87+0.009%$52K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0131% / S +0.0138%1h314.45−0.125%$420K100xas long as short
Phemex TAOUSDT+0.0132%4h314.89+0.015%$3.2M$8.0M50xas long as short
Aster TAOUSDT+0.0177%4h314.76−0.026%$1.3M$10.5M50xas long as short
Popdex TAOUSDT+0.0200%1h314.51−0.106%$50K$664K20xas long as short
Pacifica TAO+0.0233%1h314.47−0.120%$358K$419K10xas long as short
Nado TAO-PERP+0.0251%1h314.58−0.083%$772K$2.2M10xas long as short
Paradex TAO-USD-PERP+0.0255%8h314.51−0.107%$14K$1K10xas long as short
GRVT TAO_USDT_Perp+0.0280%4h313.26−0.501%$532K$935K10xas long as short
Kraken Futures PF_TAOUSD+0.0302%1h315.24+0.127%$5.9M$21.4M50xas long as short
Bullet TAO-USD+0.0334%1h314.85+0.003%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h313.84−0.318%$4.6M$10.9M100xas long as short
ApeX Omni TAOUSDT+0.0375%1h312.24−0.827%$44K$256K50xas long as short
BingX TAO-USDT+0.0426%4h314.90+0.018%$33.7Mas long as short
Variational Omni TAO+0.0431%4h314.95+0.033%$5.5M$10.1Mas long as short
Extended TAO-USD+0.0440%1h315.26+0.133%$902K$2.4M25xas long as short
Bybit TAOUSDT+0.0445%4h314.75−0.029%$68.3M$152.1M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0482%1h314.87+0.010%$9K$1.8M25xas long as short
Arcus TAO-USD+0.0483%1h314.70−0.045%$101K$370K5xas long as short
Phoenix TAO+0.0513%1h314.00−0.268%$312K$713K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.42−0.133%$36220xas long as short
01 Exchange TAOUSDshort+0.0760%1h314.93+0.028%$3K$4K5x
Hyperliquid TAO+0.0794%1h315.15+0.098%$92.1M$108.7M5xas long as short
Backpack TAO_USDC_PERP+0.0821%1h315.06+0.069%$311K$887K10xas long as short
Lighter TAO+0.0840%1h315.25+0.128%$1.5M$6.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h315.17+0.104%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.0948%1h314.47−0.119%$457K$651K5xas long as short
Injective TAO/USDC PERP+0.3711%1h317.66+0.895%$23K$2K12xas long as short