Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni−0.023%66s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.289% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.409%−$41 · spread now −0.023%, 7d avg −0.061%

Together, before fees−0.492%−$49 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: MEXC is 0.038% dearer against ApeX Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.061%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	306.21	0.0102	pay 0.0013% / 1h	18m 20s	$46K	$270K	50x
Short	MEXC TAO_USDT	306.14	0.0100	get 0.0050% / 4h	1h 18m	$113.9M	$125.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.49
Price spread: −0.023% → −0.061%: $3.83
Slippage, 4 orders: −$18.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.55
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; MEXC: live order book, 6 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, 64 min ago	4.86 bp	13.2 bp −$13	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	0.66 bp	1.4 bp −$1	7.3 bp −$73	27.6 bp −$2,762	94.6 bp −$47.3K

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 −0.0007%	1h	306.26	+0.016%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0016%	1h	305.46	−0.245%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.09	−0.039%	$45K	$538K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.04	−0.054%	$85.6M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.09	−0.039%	$59.2M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.40	+0.062%	$24.6M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.06	−0.049%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.123%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.90	−0.101%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	306.14	−0.023%	$113.9M	$125.8M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	305.99	−0.072%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.19	−0.007%	$34.2M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.45	+0.078%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	−0.010%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.70	+0.161%	$507K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.18	−0.010%	$75K	$564K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.32	+0.036%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.22	+0.003%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.13	−0.026%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.18	−0.010%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.03	−0.059%	$3.3M	$7.9M	50x	as long as short
ApeX Omni TAOUSDTlong	+0.0102%	1h	306.21	long leg	$46K	$270K	50x
Aevo TAO-PERP	+0.0104%	1h	306.51	+0.098%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	−0.079%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.92	−0.095%	$1K	$506K	5x	as long as short
Aster TAOUSDT	+0.0123%	4h	306.28	+0.022%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	305.56	−0.213%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.70	−0.167%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.29	+0.027%	$437K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0256%	1h	306.36	+0.048%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0320%	1h	305.99	−0.073%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.92	−0.095%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0392%	1h	306.35	+0.047%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	305.95	−0.085%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0458%	1h	305.94	−0.088%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.127%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.05	−0.051%	$352	—	20x	as long as short
Extended TAO-USD	+0.0768%	1h	306.28	+0.024%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.00	+0.258%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	306.22	+0.005%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1078%	1h	306.48	+0.088%	$93.3M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.19	−0.005%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.823%	$22K	$264	12x	as long as short