Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Orderly against ApeX Omni+0.132%7-day average −0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.132%, 7d avg −0.032%

Together, before fees−0.282%−$28 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: Orderly is 0.164% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	303.45	0.0100	pay 0.0013% / 1h	29m 19s	$46K	$269K	50x
Short	Orderly PERP_TAO_USDC	303.85	0.0100	get 0.0050% / 4h	1h 29m	$58K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.032%: $16.43
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.43
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 53 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 53 min ago	4.86 bp	13.2 bp −$13	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TAO-USD	0.0000%	1h	303.40	−0.016%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.65	+0.065%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.76	+0.102%	$45K	$538K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	303.79	+0.112%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.93	+0.158%	$85.0M	$413.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.00	+0.181%	$58.7M	$121.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.00	+0.181%	$24.4M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.10	+0.214%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	−0.024%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.70	+0.082%	$12.1M	$48.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	303.91	+0.152%	$111.1M	$125.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.63	+0.059%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.72	+0.089%	$33.9M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.86	+0.135%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	+0.111%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	−0.060%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.72	−0.241%	$501K	$967K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	303.45	long leg	$46K	$269K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	303.97	+0.171%	$74K	$595K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.93	+0.158%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDCshort	+0.0100%	4h	303.85	+0.132%	$58K	$276K	10x
SunX TAO-USDT	+0.0100%	4h	303.55	+0.033%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.93	+0.158%	$122K	$364K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.87	+0.138%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.97	+0.171%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.60	+0.049%	$621	$496K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.77	+0.106%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.89	+0.144%	$359K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.66	+0.069%	$433K	—	100x	as long as short
Nado TAO-PERP	+0.0333%	1h	303.91	+0.151%	$820K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.93	+0.158%	$4.2M	$9.4M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0352%	1h	303.98	+0.174%	$22K	$1.4M	25x	as long as short
Lighter TAO	+0.0376%	1h	304.08	+0.207%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	303.94	+0.161%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0435%	1h	303.53	+0.026%	$378K	$756K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.50	+0.016%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.77	+0.107%	$349	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	303.81	+0.119%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.73	+0.092%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.81	+0.119%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1059%	1h	304.03	+0.191%	$92.3M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.93	+0.158%	$411K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.740%	$22K	$264	12x	as long as short