Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.067%

Price spread now: BloFin against ApeX Omni+0.678%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs+$24as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.406%+$41 on $10k

Price spread, last 4 days (all we have)−0.642%−$64 · spread now +0.678%, 7d avg +0.015%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.663% dearer against ApeX Omni than usual: you sell high and buy low: +$66 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	321.60	0.0306	pay 0.0038% / 1h	2m 03s	$45K	$256K	50x
Short	BloFin TAO-USDT	323.78	0.0396	get 0.0198% / 4h	3h 02m	$4.8M	$11.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.678%Rate

Funding earned: $18.98
Price spread: +0.678% → +0.015%: $66.26
Slippage, 4 orders: −$20.38
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $42.85
Costs to cover: 0.424%
Break-even: from the start

Slippage from ApeX Omni: live order book, 30 min ago; BloFin: live order book, 7 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, 30 min ago	5.60 bp	12.7 bp −$13	109.8 bp −$1,098	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.47 bp	8.3 bp −$8	8.3 bp −$83	23.0 bp −$2,296	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	−0.0241%	1h	318.85	−0.857%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	323.24	+0.510%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.27	+0.830%	$53K	$700K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	323.96	+0.734%	$71.3M	$154.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.80	+0.684%	$27.1M	$131.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.30	+0.529%	$15.4M	$51.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.85	+0.700%	$17.7M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.20	+0.498%	$36.5M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	324.10	+0.777%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.69	+0.650%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	323.88	+0.709%	$118K	$552K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.46	+0.578%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	324.14	+0.790%	$1K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	323.98	+0.741%	$178K	$998	3x	as long as short
MEXC TAO_USDT	+0.0156%	4h	323.82	+0.690%	$105.3M	$156.5M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	323.91	+0.719%	$94.8M	$519.1M	75x	as long as short
BingX TAO-USDT	+0.0162%	4h	323.42	+0.566%	—	$38.9M	—	as long as short
edgeX TAOUSDC	+0.0164%	4h	321.70	+0.030%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0220%	8h	324.66	+0.951%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0242%	4h	323.90	+0.715%	$55K	$272K	10x	as long as short
Bullet TAO-USD	+0.0275%	1h	324.08	+0.771%	$13K	$17K	20x	as long as short
Extended TAO-USD	+0.0280%	1h	323.70	+0.652%	$983K	$2.2M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0284%	4h	321.52	−0.025%	$548K	$825K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0306%	1h	321.60	long leg	$45K	$256K	50x
Aster TAOUSDT	+0.0323%	4h	323.75	+0.669%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	324.65	+0.948%	$378K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0370% / S −0.0109%	1h	323.38	+0.554%	$384K	—	100x	as long as short
Nado TAO-PERP	+0.0393%	1h	324.39	+0.868%	$764K	$2.0M	10x	as long as short
BloFin TAO-USDTshort	+0.0396%	4h	323.78	+0.678%	$4.8M	$11.0M	100x
Arcus TAO-USD	+0.0404%	1h	324.57	+0.924%	$102K	$331K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0520%	1h	323.82	+0.692%	$20K	$1.9M	25x	as long as short
dYdX TAO-USD	+0.0532%	1h	324.25	+0.824%	$273K	$232K	5x	as long as short
Variational Omni TAO	+0.0551%	4h	321.24	−0.111%	$5.7M	$9.8M	—	as long as short
Lighter TAO	+0.0568%	1h	323.94	+0.729%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0578%	1h	321.70	+0.031%	$324K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	324.80	+0.995%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0678%	1h	323.83	+0.695%	$97.8M	$109.7M	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	323.70	+0.654%	$372	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0709%	1h	323.60	+0.622%	$321K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0769%	1h	323.86	+0.703%	$6.3M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	322.86	+0.391%	$440K	$711K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	324.78	+0.989%	$1.1M	$7.6M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	+0.317%	$23K	$2K	12x	as long as short