Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0595%/8h= +65.1% APRpaid last 24h +0.177%

Price spread now: Reya against Binance+0.057%45s7-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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Reya is 0.057% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	303.01	0.0100	pay 0.0050% / 4h	1h 27m	$84.8M	$413.9M	75x
Short	Reya TAORUSDPERP	303.18	0.0695	get 0.0087% / 1h	27m 40s	$349	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.057%Rate

Funding earned: $124.87
Price spread: +0.057% → 0.000%: $5.7
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $114.57
Costs to cover: 0.160%
Break-even: 0.6 days

Slippage unknown: Binance: live order book, 16 min ago; Reya: 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, 16 min ago	0.17 bp	6.4 bp −$6	14.3 bp −$143	38.1 bp −$3,814	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.01	+0.001%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0014%	1h	303.01	0.000%	$21K	$1.4M	25x	as long as short
dYdX TAO-USD	+0.0020%	1h	302.67	−0.114%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.95	+0.310%	$45K	$537K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	303.01	long leg	$84.8M	$413.9M	75x
Bybit TAOUSDT	+0.0100%	4h	303.07	+0.019%	$58.6M	$121.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.10	+0.029%	$24.4M	$95.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.29	+0.092%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	+0.120%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.80	−0.070%	$12.1M	$48.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	302.99	−0.007%	$111.2M	$125.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.92	−0.030%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.88	−0.043%	$33.8M	$46.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.13	+0.039%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	+0.256%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	+0.085%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.72	−0.097%	$501K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.45	+0.145%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.52	+0.168%	$74K	$591K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.23	+0.072%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.06	+0.016%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.77	+0.251%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.25	+0.079%	$122K	$364K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.85	−0.053%	$3.2M	$7.9M	50x	as long as short
Aster TAOUSDT	+0.0102%	4h	303.01	+0.001%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.16	+0.048%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.97	−0.014%	$620	$498K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	302.92	−0.029%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.09	+0.026%	$358K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.96	−0.017%	$433K	—	100x	as long as short
Nado TAO-PERP	+0.0333%	1h	303.32	+0.101%	$818K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.93	+0.303%	$4.2M	$9.4M	100x	as long as short
Lighter TAO	+0.0384%	1h	303.16	+0.049%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.09	+0.356%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0441%	1h	302.99	−0.007%	$292K	$799K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.50	+0.161%	$321K	$491K	5x	as long as short
Reya TAORUSDPERPshort	+0.0695%	1h	303.18	+0.057%	$349	—	20x
Extended TAO-USD	+0.0816%	1h	303.09	+0.027%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.73	+0.237%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1043%	1h	302.84	−0.057%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1050%	1h	303.37	+0.118%	$92.1M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.24	+0.076%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.887%	$22K	$264	12x	as long as short