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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0428%/8h= +46.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.077%
Price spread now: 01 Exchange against ApeX Omni−0.552%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. 01 Exchange is 0.552% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.552% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$55 on $10k: about 4.3 days of funding at the current rate (+$13 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TAOUSDT309.900.0100pay 0.0013% / 1h10m 54s$47K$268K50x
Short01 Exchange TAOUSD308.190.0528get 0.0066% / 1h10m 54s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$89.88
Price spread: −0.552% → 0.000%
−$55.18
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$17.7
Costs to cover
0.170%
Break-even
5.6 days
Slippage unknown: ApeX Omni: live order book, 11 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 ApeX Omni live order book, 11 min ago4.86 bp13.2 bp −$13120.4 bp −$1,204doesn'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
Bulk TAO-USD−0.0601%1h309.73−0.055%$203K$57K10xas long as short
dYdX TAO-USD0.0000%1h307.30−0.840%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h308.07−0.592%$26K150xas long as short
Popdex TAOUSDT+0.0096%1h307.91−0.642%$41K$528K20xas long as short
Pacifica TAO+0.0100%1h307.66−0.724%$364K$367K10xas long as short
Binance TAOUSDT+0.0100%4h308.45−0.468%$86.5M$405.1M75xas long as short
Bybit TAOUSDT+0.0100%4h308.45−0.468%$60.0M$119.3M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h308.40−0.484%$25.5M$93.7M50xas long as short
Arcus TAO-USD+0.0100%1h308.01−0.610%$137K$603K5xas long as short
Gate TAO_USDT+0.0100%4h308.30−0.516%$12.3M$48.6M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h308.57−0.429%$118.5M$125.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h308.36−0.497%$18.7M$26.5M75xas long as short
Bitget TAOUSDT+0.0100%4h308.35−0.500%$34.5M$44.6M50xas long as short
BingX TAO-USDT+0.0100%4h308.43−0.474%$30.4Mas long as short
Variational Omni TAO+0.0100%4h309.10−0.259%$3.7M$6.6Mas long as short
edgeX TAOUSDC+0.0100%4h309.74−0.051%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h308.77−0.363%$549K$965K10xas long as short
ApeX Omni TAOUSDTlong+0.0100%1h309.90long leg$47K$268K50x
Polymarket Perps TAO-USD+0.0100%1h308.44−0.471%$78K$675K5xas long as short
Bullet TAO-USD+0.0100%1h308.50−0.452%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h308.13−0.571%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h308.39−0.487%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.60−0.742%$121K$353K20xas long as short
Phemex TAOUSDT+0.0100%4h308.12−0.574%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h308.15−0.565%$169K$9983xas long as short
Katana Perps TAO-USD+0.0111%8h307.83−0.668%$880$449K5xas long as short
Aster TAOUSDT+0.0154%4h308.18−0.554%$1.1M$7.6M50xas long as short
Paradex TAO-USD-PERP+0.0157%8h307.65−0.726%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0210%1h308.19−0.551%$14K$1.3M25xas long as short
Phoenix TAO+0.0234%1h308.80−0.355%$327K$462K5xas long as short
Nado TAO-PERP+0.0309%1h308.00−0.612%$852K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h308.31−0.513%$4.3M$9.5M100xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0485% / S −0.0184%1h308.14−0.569%$453K100xas long as short
01 Exchange TAOUSDshort+0.0528%1h308.19−0.552%$3K$4K5x
Reya TAORUSDPERP+0.0694%1h308.18−0.554%$35420xas long as short
Extended TAO-USD+0.0728%1h308.47−0.462%$907K$2.0M25xas long as short
Lighter TAO+0.0912%1h308.66−0.401%$1.7M$4.8M5xas long as short
Backpack TAO_USDC_PERP+0.0940%1h308.44−0.471%$384K$754K10xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h310.60+0.226%$1.5M$5.5M50xas long as short
Kraken Futures PF_TAOUSD+0.1022%1h308.44−0.473%$6.4M$19.1M50xas long as short
RISEx TAO/USDC+0.1053%1h307.96−0.627%$412K$542K5xas long as short
Hyperliquid TAO+0.1811%1h308.98−0.297%$96.6M$77.5M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.73−0.378%$22K$27112xas long as short