Funding arb · Price arb /

TAO

all TAO markets

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: MEXC against Binance+0.013%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.010%−$1 · spread now +0.013%, 7d avg −0.002%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	315.17	0.0100	pay 0.0050% / 4h	43m 23s	$90.9M	$489.9M	75x
Short	MEXC TAO_USDT	315.21	0.0100	get 0.0050% / 4h	43m 23s	$105.7M	$142.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.002%: $1.49
Slippage, 4 orders: −$6.88
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.39
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 6 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, 15 min ago	0.16 bp	7.8 bp −$8	15.5 bp −$155	42.4 bp −$4,238	doesn't fit
Sell MEXC live order book, 6 min ago	0.16 bp	0.2 bp $0	9.0 bp −$90	30.8 bp −$3,076	93.9 bp −$47.0K

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
Bulk TAO-USD	−0.0482%	1h	315.13	−0.013%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.49	+0.102%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.074%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	−0.060%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.27	+0.032%	$42K	$685K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	315.17	long leg	$90.9M	$489.9M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.086%	$25.9M	$119.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.086%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	315.21	+0.013%	$105.7M	$142.5M	300x
KuCoin TAOUSDTM	+0.0100%	4h	315.00	−0.054%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.80	−0.117%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	+0.190%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	+0.286%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.05	−0.038%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.18	+0.002%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.60	+0.136%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.93	−0.076%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.04	−0.041%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.98	−0.060%	$645	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.99	−0.057%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	+0.296%	$526K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	314.98	−0.060%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0139%	4h	315.20	+0.010%	$68.6M	$146.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0117%	1h	314.92	−0.078%	$427K	—	100x	as long as short
BingX TAO-USDT	+0.0184%	4h	315.11	−0.019%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	315.71	+0.171%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0200%	1h	315.35	+0.056%	$806K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0221%	4h	315.51	+0.108%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSD	+0.0232%	1h	315.24	+0.022%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0264%	1h	315.32	+0.048%	$93.9M	$105.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0310%	1h	315.96	+0.251%	$316K	$910K	10x	as long as short
Extended TAO-USD	+0.0312%	1h	315.00	−0.054%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.07	−0.032%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.85	+0.216%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.91	+0.235%	$362K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0400%	1h	315.03	−0.044%	$11K	$1.6M	25x	as long as short
Lighter TAO	+0.0408%	1h	315.32	+0.049%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.295%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.243%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.12	−0.015%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.33	+0.052%	$437K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	+0.384%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.409%	$23K	$2K	12x	as long as short