Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4776%/8h= +523.0% APRpaid last 24h +0.620%

Price spread now: Injective against Binance+0.411%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.415%+$341 on $10k

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 +$143 a day on $10k at the current rate, and Injective is 0.411% dearer against Binance than usual: you sell high and buy low: +$41 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	307.36	0.0100	pay 0.0050% / 4h	2h 31m	$86.0M	$402.0M	75x
Short	Injective TAO/USDC PERP	308.62	0.4876	get 0.0610% / 1h	31m 06s	$22K	$138	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.411%Rate

Funding earned: $1,003
Price spread: +0.411% → 0.000%: $41.07
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,034.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 13 min ago; Injective: 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, 13 min ago	0.16 bp	7.5 bp −$8	16.9 bp −$169	44.6 bp −$4,464	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	307.10	−0.084%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.27	−0.030%	$20K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0058%	1h	307.45	+0.031%	$14K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.23	−0.042%	$42K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.38	+0.007%	$363K	$400K	10x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	307.36	long leg	$86.0M	$402.0M	75x
Bybit TAOUSDT	+0.0100%	4h	307.69	+0.108%	$59.2M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.60	+0.079%	$25.1M	$92.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.44	+0.027%	$136K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	−0.094%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.50	+0.046%	$12.1M	$47.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.31	−0.016%	$113.6M	$122.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.38	+0.007%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.46	+0.033%	$34.5M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.39	+0.010%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.517%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.38	+0.008%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	−0.018%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.14	−0.071%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.41	+0.018%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.32	−0.012%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.25	−0.035%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.35	−0.003%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.26	−0.032%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.56	+0.066%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.39	+0.010%	$2K	$430K	5x	as long as short
Polymarket Perps TAO-USD	+0.0116%	1h	307.56	+0.066%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0163%	4h	307.62	+0.085%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	307.35	−0.003%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.21	−0.048%	$438K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.307%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0283%	1h	307.42	+0.019%	$846K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	−0.025%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.53	+0.056%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.41	+0.017%	$354	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.34	−0.007%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0936%	1h	307.85	+0.160%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+0.355%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.61	+0.082%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.36	+0.001%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1309%	1h	308.02	+0.215%	$471K	$681K	10x	as long as short
Hyperliquid TAO	+0.1687%	1h	308.29	+0.303%	$94.1M	$75.8M	5x	as long as short
Injective TAO/USDC PERPshort	+0.4876%	1h	308.62	+0.411%	$22K	$138	12x