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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Arcus+0.053%53s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$510.512% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now +0.053%, 7d avg −0.013%

Together, before fees+0.338%+$34 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: ApeX Omni is 0.066% dearer against Arcus than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 53 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	Arcus TAO-USD	303.29	0.0100	pay 0.0013% / 1h	29m 53s	$79K	$643K	5x
Short	ApeX Omni TAOUSDT	303.45	0.0100	get 0.0013% / 1h	29m 53s	$46K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.013%: $6.59
Slippage, 4 orders: −$36.7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$44.62
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from Arcus: live order book, 54 min ago; ApeX Omni: live order book, 52 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 Arcus live order book, 54 min ago	4.70 bp	15.8 bp −$16	28.2 bp −$282	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 52 min ago	4.86 bp	12.5 bp −$13	124.1 bp −$1,241	doesn't fit	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	302.58	−0.233%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.95	−0.112%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.04	−0.082%	$45K	$537K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	303.42	+0.043%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.52	+0.076%	$84.9M	$413.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.54	+0.082%	$58.7M	$121.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.50	+0.069%	$24.4M	$95.3M	50x	as long as short
Arcus TAO-USDlong	+0.0100%	1h	303.29	long leg	$79K	$643K	5x
Bulk TAO-USD	+0.0100%	1h	303.38	+0.028%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.20	−0.030%	$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	303.45	+0.053%	$110.9M	$125.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.52	+0.076%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.57	+0.092%	$33.9M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.47	+0.059%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	+0.164%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	−0.007%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.58	−0.233%	$500K	$967K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	303.45	+0.053%	$46K	$269K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	303.30	+0.003%	$74K	$595K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.27	−0.007%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.01	−0.092%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.98	−0.102%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.25	−0.013%	$122K	$364K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.06	−0.076%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.22	−0.025%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.95	−0.112%	$620	$496K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	303.02	−0.088%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.01	−0.092%	$358K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.95	−0.111%	$433K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0276%	1h	303.05	−0.078%	$21K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.24	−0.016%	$4.2M	$9.3M	100x	as long as short
Nado TAO-PERP	+0.0344%	1h	302.91	−0.124%	$817K	$1.9M	10x	as long as short
Lighter TAO	+0.0376%	1h	303.37	+0.026%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	303.21	−0.026%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0435%	1h	303.53	+0.079%	$378K	$756K	10x	as long as short
Phoenix TAO	+0.0521%	1h	304.00	+0.234%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.07	−0.073%	$349	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	303.50	+0.069%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.21	−0.026%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1042%	1h	303.09	−0.067%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1058%	1h	303.88	+0.195%	$92.2M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.28	−0.002%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.794%	$22K	$264	12x	as long as short