Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.001%

Price spread now: MEXC against Arcus−0.126%7-day average −0.074% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.126%, 7d avg −0.074%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.053% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	316.71	0.0201	pay 0.0025% / 1h	7m 48s	$84K	$550K	5x
Short	MEXC TAO_USDT	316.31	0.0100	get 0.0050% / 4h	3h 07m	$99.2M	$136.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$21.28
Price spread: −0.126% → −0.074%: −$5.27
Slippage, 4 orders: −$25.25
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$56.3
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Arcus: live order book, 66 min ago; MEXC: live order book, 1 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, 66 min ago	8.66 bp	11.4 bp −$11	21.4 bp −$214	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.63 bp	2.2 bp −$2	14.5 bp −$145	35.6 bp −$3,556	101.5 bp −$50.8K

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	−0.1821%	1h	318.67	+0.619%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.92	−0.249%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.13	−0.182%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.31	−0.126%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.90	+0.059%	$90.9M	$450.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	+0.092%	$25.7M	$109.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.60	−0.035%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	316.31	−0.126%	$99.2M	$136.6M	300x
KuCoin TAOUSDTM	+0.0100%	4h	316.30	−0.129%	$17.9M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.85	+0.044%	$35.2M	$51.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.43	−0.090%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.195%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.84	+0.041%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.08	−0.199%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.96	+0.079%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0103%	1h	316.48	−0.072%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.74	+0.011%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	316.43	−0.088%	$1K	$644K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.19	−0.163%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.06	−0.205%	$374K	$376K	10x	as long as short
ApeX Omni TAOUSDT	+0.0185%	1h	316.14	−0.180%	$48K	$267K	50x	as long as short
Arcus TAO-USDlong	+0.0201%	1h	316.71	long leg	$84K	$550K	5x
Aster TAOUSDT	+0.0204%	4h	316.49	−0.071%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	316.34	−0.117%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0268%	1h	316.36	−0.111%	$92K	$633K	5x	as long as short
Phemex TAOUSDT	+0.0296%	4h	316.97	+0.082%	$3.4M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.05	−0.208%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	316.81	+0.030%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.67	−0.012%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	−0.035%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.073%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.70	−0.003%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.335%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0658%	4h	317.15	+0.139%	—	$30.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.96	−0.237%	$363	—	20x	as long as short
Bybit TAOUSDT	+0.0734%	4h	317.41	+0.221%	$65.3M	$133.5M	50x	as long as short
Nado TAO-PERP	+0.0759%	1h	316.17	−0.171%	$875K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	316.65	−0.019%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.15	+0.139%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	316.35	−0.115%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.56	−0.047%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.95	+0.076%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1798%	1h	317.40	+0.218%	$101.6M	$91.5M	5x	as long as short