Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Binance+0.158%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days−0.196%−$20 · spread now +0.158%, 7d avg −0.036%

Together, before fees−0.173%−$17 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: OKX is 0.194% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	307.81	0.0100	pay 0.0050% / 4h	2h 22m	$86.0M	$404.1M	75x
Short	OKX TAO-USDT-SWAP	308.30	0.0100	get 0.0100% / 8h	2h 22m	$25.4M	$93.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → −0.036%: $19.43
Slippage, 4 orders: −$15.7
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.27
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; OKX: live order book, 2 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	0.16 bp	6.9 bp −$7	10.3 bp −$103	28.2 bp −$2,816	doesn't fit
Sell OKX live order book, 2 min ago	1.62 bp	10.1 bp −$10	23.7 bp −$237	74.9 bp −$7,485	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
dYdX TAO-USD	0.0000%	1h	306.98	−0.269%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.58	−0.076%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0065%	1h	307.79	−0.009%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.31	−0.163%	$41K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.16	−0.213%	$363K	$401K	10x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	307.81	long leg	$86.0M	$404.1M	75x
Bybit TAOUSDT	+0.0100%	4h	308.09	+0.090%	$59.5M	$118.4M	50x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	308.30	+0.158%	$25.4M	$93.5M	50x
Arcus TAO-USD	+0.0100%	1h	307.57	−0.079%	$137K	$598K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	−0.241%	$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	−0.102%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.17	+0.116%	$114.4M	$124.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.04	+0.074%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.04	+0.074%	$34.5M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.01	+0.064%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.622%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−0.873%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−0.863%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.946%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.62	−0.063%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.59	−0.072%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.72	−0.030%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.60	−0.069%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.77	−0.014%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.46	−0.115%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.87	+0.017%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.46	−0.115%	$879	$438K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	307.04	−0.252%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	307.79	−0.008%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.54	−0.088%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.30	−0.167%	$325K	$462K	5x	as long as short
Nado TAO-PERP	+0.0296%	1h	307.37	−0.145%	$843K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.69	−0.040%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.64	−0.056%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.54	−0.087%	$354	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	307.79	−0.009%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	308.31	+0.161%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.55	+0.239%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.99	+0.058%	$6.3M	$19.2M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.57	−0.077%	$414K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1094%	1h	308.20	+0.126%	$445K	$715K	10x	as long as short
Hyperliquid TAO	+0.1741%	1h	308.07	+0.084%	$94.3M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.602%	$22K	$171	12x	as long as short