Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.009%

Price spread now: Binance against ApeX Omni−0.101%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−1.488%−$149 · spread now −0.101%, 7d avg −0.024%

Together, before fees−1.557%−$156 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.076% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.024%). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	317.94	0.0157	pay 0.0020% / 1h	56m 59s	$46K	$259K	50x
Short	Binance TAOUSDT	317.62	0.0175	get 0.0087% / 4h	3h 56m	$92.9M	$532.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.101%Rate

Funding earned: $3.75
Price spread: −0.101% → −0.024%: −$7.62
Slippage, 4 orders: −$19.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.75
Costs to cover: 0.399%
Break-even: 88.6 days

Slippage from ApeX Omni: live order book, 40 min ago; Binance: 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 ApeX Omni live order book, 40 min ago	4.90 bp	12.2 bp −$12	126.9 bp −$1,269	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.16 bp	6.4 bp −$6	12.5 bp −$125	33.0 bp −$3,304	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
dYdX TAO-USD	0.0000%	1h	317.92	−0.006%	$128K	$86K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.82	−0.038%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.27	+0.104%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	317.97	+0.009%	$651	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.40	−0.170%	$26.4M	$131.4M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	−0.267%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	−0.107%	$14.8M	$48.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.42	−0.164%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.27	−0.211%	$35.7M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.00	+0.019%	$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	318.07	+0.041%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.68	−0.082%	$116K	$590K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.93	−0.003%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.93	−0.002%	$405K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.18	+0.074%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDTlong	+0.0157%	1h	317.94	long leg	$46K	$259K	50x
MEXC TAO_USDT	+0.0174%	4h	317.60	−0.107%	$104.2M	$151.1M	300x	as long as short
Binance TAOUSDTshort	+0.0175%	4h	317.62	−0.101%	$92.9M	$532.7M	75x
edgeX TAOUSDC	+0.0178%	4h	317.94	0.000%	$42K	$319K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0187%	4h	317.70	−0.075%	$54K	$295K	10x	as long as short
BingX TAO-USDT	+0.0203%	4h	317.55	−0.123%	—	$37.3M	—	as long as short
Bullet TAO-USD	+0.0216%	1h	318.35	+0.129%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0224%	4h	318.19	+0.077%	$545K	$887K	10x	as long as short
Bybit TAOUSDT	+0.0244%	4h	317.68	−0.082%	$69.9M	$156.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0249%	8h	318.33	+0.123%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	317.64	−0.094%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	318.36	+0.132%	$373K	$454K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	317.46	−0.152%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0360%	1h	318.20	+0.081%	$778K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.44	+0.157%	$100K	$377K	5x	as long as short
Hyperliquid TAO	+0.0413%	1h	318.04	+0.031%	$94.0M	$110.3M	5x	as long as short
BloFin TAO-USDT	+0.0415%	4h	318.04	+0.031%	$3.8M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0435%	1h	317.94	−0.001%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.296%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0592%	1h	318.50	+0.176%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0629%	1h	318.30	+0.113%	$320K	$714K	5x	as long as short
Lighter TAO	+0.0696%	1h	318.13	+0.059%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.08	+0.044%	$366	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0783%	1h	317.95	+0.004%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.26	+0.100%	$447K	$669K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0854%	1h	318.06	+0.038%	$434K	$987K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	318.26	+0.101%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.249%	$23K	$2K	12x	as long as short