Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.012%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.012%, 7d avg +0.009%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	305.78	0.0100	pay 0.0050% / 4h	1h 22m	$85.6M	$414.4M	75x
Short	Bybit TAOUSDT	305.82	0.0100	get 0.0050% / 4h	1h 22m	$59.1M	$121.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.009%: $0.29
Slippage, 4 orders: −$12.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.54
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bybit: 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 Binance live order book, 6 min ago	0.17 bp	7.4 bp −$7	13.8 bp −$138	35.1 bp −$3,510	doesn't fit
Sell Bybit live order book, 1 min ago	0.16 bp	9.7 bp −$10	17.9 bp −$179	39.5 bp −$3,949	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	304.98	−0.264%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0018%	1h	304.84	−0.309%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.08	−0.230%	$44K	$539K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	305.78	long leg	$85.6M	$414.4M	75x
Bybit TAOUSDTshort	+0.0100%	4h	305.82	+0.012%	$59.1M	$121.3M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	305.60	−0.060%	$24.6M	$95.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.35	−0.142%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	−0.787%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.60	−0.060%	$12.2M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.64	−0.047%	$112.1M	$125.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	305.72	−0.021%	$18.3M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.54	−0.080%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.72	−0.021%	—	$30.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.93	−0.606%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.26	−0.499%	$503K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.30	−0.158%	$75K	$567K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.27	−0.168%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.09	−0.227%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.06	−0.237%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.72	−0.021%	$121K	$367K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.44	−0.112%	$3.2M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0103%	1h	303.74	−0.668%	$46K	$269K	50x	as long as short
Variational Omni TAO	+0.0104%	4h	303.54	−0.735%	$3.7M	$6.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.32	−0.150%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	304.99	−0.260%	$624	$504K	5x	as long as short
Aster TAOUSDT	+0.0115%	4h	305.67	−0.037%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	305.00	−0.257%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.07	−0.232%	$360K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.92	−0.281%	$435K	—	100x	as long as short
Nado TAO-PERP	+0.0327%	1h	305.18	−0.196%	$823K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.87	+0.028%	$4.2M	$9.5M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0401%	1h	305.75	−0.012%	$20K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	305.39	−0.129%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0416%	1h	305.78	−0.001%	$1.6M	$5.3M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0464%	1h	305.92	+0.045%	$294K	$799K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.80	−0.649%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.22	−0.185%	$351	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	305.62	−0.055%	$829K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.60	−0.060%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.83	+0.015%	$5.8M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1077%	1h	306.18	+0.130%	$93.0M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	305.28	−0.165%	$414K	$543K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.964%	$22K	$264	12x	as long as short