Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.007%

Price spread now: Bullet against Binance+0.258%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bullet is 0.258% dearer against Binance than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	317.53	0.0175	pay 0.0087% / 4h	3h 57m	$92.9M	$532.7M	75x
Short	Bullet TAO-USD	318.35	0.0216	get 0.0027% / 1h	57m 09s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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

Position, each leg$Hold fordaysFee BinancebpFee BulletbpOrdersPrice spread, now +0.258%Rate

Funding earned: $8.7
Price spread: +0.258% → 0.000%: $25.82
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $16.53
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Binance: live order book, 2 min ago; Bullet: 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 Binance live order book, 2 min ago	0.16 bp	8.7 bp −$9	16.6 bp −$166	41.6 bp −$4,155	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	317.92	+0.123%	$128K	$86K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.82	+0.091%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.27	+0.233%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	317.97	+0.139%	$651	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.90	+0.117%	$26.4M	$131.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	−0.139%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	+0.022%	$14.8M	$48.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.78	+0.079%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.62	+0.028%	$35.7M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.00	+0.148%	$87K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.07	+0.170%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.68	+0.047%	$116K	$590K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.93	+0.126%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.93	+0.127%	$405K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.18	+0.203%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0157%	1h	317.94	+0.129%	$46K	$259K	50x	as long as short
MEXC TAO_USDT	+0.0174%	4h	317.89	+0.113%	$104.3M	$151.1M	300x	as long as short
Binance TAOUSDTlong	+0.0175%	4h	317.53	long leg	$92.9M	$532.7M	75x
edgeX TAOUSDC	+0.0178%	4h	317.94	+0.130%	$42K	$319K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0187%	4h	317.70	+0.054%	$54K	$295K	10x	as long as short
Bullet TAO-USDshort	+0.0216%	1h	318.35	+0.258%	$12K	$17K	20x
GRVT TAO_USDT_Perp	+0.0224%	4h	318.19	+0.206%	$545K	$887K	10x	as long as short
Bybit TAOUSDT	+0.0244%	4h	317.98	+0.142%	$69.9M	$156.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0249%	8h	318.33	+0.253%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	317.82	+0.091%	—	$37.3M	—	as long as short
Aster TAOUSDT	+0.0330%	4h	317.90	+0.116%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	318.36	+0.261%	$373K	$454K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	317.90	+0.115%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0360%	1h	318.20	+0.210%	$778K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.44	+0.287%	$100K	$377K	5x	as long as short
Hyperliquid TAO	+0.0413%	1h	318.04	+0.161%	$94.0M	$110.3M	5x	as long as short
BloFin TAO-USDT	+0.0415%	4h	318.04	+0.161%	$3.8M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0435%	1h	317.94	+0.128%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.426%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0592%	1h	318.50	+0.305%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0629%	1h	318.30	+0.242%	$320K	$714K	5x	as long as short
Lighter TAO	+0.0696%	1h	318.13	+0.188%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.08	+0.173%	$366	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0783%	1h	317.95	+0.133%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.26	+0.229%	$447K	$669K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0854%	1h	318.06	+0.167%	$434K	$987K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	318.26	+0.230%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.379%	$23K	$2K	12x	as long as short