Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Binance−0.915%80s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$410.412% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+2.435%+$243 · spread now −0.915%, 7d avg 0.000%

Together, before fees+2.434%+ Points / potential airdropedgeX: Active · farm board+$243 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: edgeX is 0.915% cheaper against Binance than usual: you would sell low and buy high, −$91 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 80 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	Binance TAOUSDT	315.56	0.0100	pay 0.0050% / 4h	2h 26m	$90.4M	$464.3M	75x
Short	edgeX TAOUSDC	312.67	0.0100	get 0.0050% / 4h	2h 26m	$35K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.915%Rate

Funding earned: $0
Price spread: −0.915% → 0.000%: −$91.49
Slippage, 4 orders: −$22.24
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$132.72
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 42 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, 3 min ago	0.16 bp	7.7 bp −$8	15.5 bp −$155	31.8 bp −$3,182	doesn't fit
Sell edgeX live order book, 42 min ago	7.89 bp	12.4 bp −$12	25.3 bp −$253	doesn't fit	doesn't fit

TAO on 42 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	315.19	−0.118%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.12	−0.140%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.43	−0.041%	$39K	$626K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	315.56	long leg	$90.4M	$464.3M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	315.60	+0.013%	$25.9M	$112.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.114%	$12.8M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.47	−0.029%	$109.3M	$138.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.47	−0.029%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.39	−0.054%	$35.2M	$53.3M	50x	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	312.67	−0.915%	$35K	$298K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	313.06	−0.792%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.43	−0.041%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.33	−0.073%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.25	−0.098%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.25	−0.098%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.85	+0.090%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0116%	4h	313.32	−0.711%	$516K	$966K	10x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	315.57	+0.003%	$1K	$700K	5x	as long as short
Polymarket Perps TAO-USD	+0.0148%	1h	315.38	−0.057%	$83K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.36	−0.062%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	315.04	−0.164%	$441K	—	100x	as long as short
Bullet TAO-USD	+0.0227%	1h	315.43	−0.041%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0238%	4h	315.49	−0.022%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.50	−0.018%	$371K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0332%	8h	315.42	−0.044%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.73	+0.054%	$99K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−1.039%	$23K	$2K	12x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0498%	1h	315.40	−0.051%	$24K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0503%	1h	315.31	−0.079%	$780K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−1.033%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	315.74	+0.057%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.34	−0.069%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	315.55	−0.003%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.002%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0832%	4h	315.64	+0.025%	$66.1M	$137.6M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	315.40	−0.049%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0906%	1h	315.66	+0.032%	$319K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	315.37	−0.060%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.46	−0.032%	$451K	$630K	5x	as long as short
Hyperliquid TAO	+0.1238%	1h	315.87	+0.098%	$99.9M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	315.88	+0.103%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.096%	$164K	$40K	10x	as long as short