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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Aevo against Binance+0.184%58s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as 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−$1251.250% of the position
Long on BinanceShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days+0.075%+$8 on $10k
Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.184%, 7d avg +0.018%
Together, before fees−0.069%−$7 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: Aevo is 0.165% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT306.210.0100pay 0.0050% / 4h1h 10m$85.8M$414.2M75x
ShortAevo TAO-PERP306.770.0104get 0.0013% / 1h10m 23s$168K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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
$0.84
Price spread: +0.184% → +0.018%
$16.52
Slippage, 4 orders
−$98.97
Fee Binance: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$107.61
Costs to cover
1.250%
Break-even
903.8 days
Slippage from Binance: live order book, 3 min ago; Aevo: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago0.16 bp7.5 bp −$814.1 bp −$14136.2 bp −$3,622doesn't fit
Sell Aevo live order book, 8 min ago38.86 bp56.1 bp −$56302.1 bp −$3,021doesn't fitdoesn't fit

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−0.0396%1h305.88−0.108%$163K$52K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.99−0.070%$20K—150xas long as short
dYdX TAO-USD+0.0013%1h306.34+0.044%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.14−0.021%$45K$539K20xas long as short
Binance TAOUSDTlong+0.0100%4h306.21long leg$85.8M$414.2M75x
Bybit TAOUSDT+0.0100%4h306.30+0.031%$59.3M$121.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.00−0.067%$24.6M$95.6M50xas long as short
Arcus TAO-USD+0.0100%1h306.45+0.080%$80K$643K5xas long as short
Gate TAO_USDT+0.0100%4h306.00−0.067%$12.2M$49.2M50xas long as short
MEXC TAO_USDT+0.0100%4h306.11−0.031%$114.0M$126.0M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.18−0.008%$18.2M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h305.77−0.142%$34.1M$45.7M50xas long as short
BingX TAO-USDT+0.0100%4h306.06−0.048%—$30.3M—as long as short
Variational Omni TAO+0.0100%4h305.77−0.143%$3.7M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.74−0.151%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h306.14−0.022%$506K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.47−0.240%$46K$270K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.20−0.002%$75K$555K5xas long as short
Bullet TAO-USD+0.0100%1h306.23+0.007%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.64+0.142%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.46+0.083%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.75+0.178%$122K$368K20xas long as short
Phemex TAOUSDT+0.0100%4h306.49+0.093%$3.3M$7.9M50xas long as short
Aevo TAO-PERPshort+0.0104%1h306.77+0.184%$168K$9983x
Katana Perps TAO-USD+0.0110%8h306.16−0.015%$1K$505K5xas long as short
Aster TAOUSDT+0.0124%4h306.28+0.025%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0153%8h306.09−0.036%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h306.42+0.070%$362K$370K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.97−0.077%$437K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0302%1h306.73+0.170%$19K$1.4M25xas long as short
Nado TAO-PERP+0.0322%1h306.21+0.002%$826K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.67+0.152%$4.2M$9.5M100xas long as short
Lighter TAO+0.0360%1h306.59+0.127%$1.6M$5.4M5xas long as short
01 Exchange TAOUSD+0.0408%1h306.22+0.005%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0456%1h306.77+0.184%$294K$800K10xas long as short
Phoenix TAO+0.0521%1h306.30+0.031%$320K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h305.96−0.080%$352—20xas long as short
Extended TAO-USD+0.0712%1h306.07−0.043%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h307.14+0.305%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1030%1h306.64+0.142%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1118%1h306.57+0.119%$93.4M$80.8M5xas long as short
RISEx TAO/USDC+0.1155%1h306.30+0.030%$417K$533K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.824%$22K$26412xas long as short