Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.098%

Price spread now: 01 Exchange against Binance−0.011%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$13 a day on $10k at the current rate. The two prices were read 53 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	319.88	0.0186	pay 0.0093% / 4h	1h 06m	$92.9M	$528.1M	75x
Short	01 Exchange TAOUSD	319.85	0.0624	get 0.0078% / 1h	6m 43s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.011%Rate

Funding earned: $91.92
Price spread: −0.011% → 0.000%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $73.84
Costs to cover: 0.170%
Break-even: 1.4 days

Slippage unknown: Binance: live order book, 7 min ago; 01 Exchange: 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, 7 min ago	0.16 bp	8.0 bp −$8	15.2 bp −$152	34.5 bp −$3,447	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Bulk TAO-USD	−0.0237%	1h	320.94	+0.330%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.58	−0.094%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.46	−0.132%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.64	−0.076%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.10	+0.067%	$26.8M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−0.120%	$14.4M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.92	+0.011%	$17.8M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.83	−0.017%	$35.9M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.08	−0.252%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.47	−0.130%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.49	−0.123%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.65	−0.073%	$116K	$599K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	319.50	−0.120%	$725	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0113% / S +0.0154%	1h	319.51	−0.116%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.71	−0.055%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0130%	4h	319.97	+0.027%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0182%	4h	320.00	+0.036%	$108.1M	$151.5M	300x	as long as short
Binance TAOUSDTlong	+0.0186%	4h	319.88	long leg	$92.9M	$528.1M	75x
edgeX TAOUSDC	+0.0188%	4h	319.19	−0.218%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0245%	8h	319.83	−0.017%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0277%	4h	320.10	+0.067%	$70.3M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0282%	4h	320.06	+0.055%	—	$35.4M	—	as long as short
Bullet TAO-USD	+0.0309%	1h	319.96	+0.024%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0350%	4h	319.79	−0.029%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	319.73	−0.048%	$908K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0364%	4h	318.37	−0.472%	$540K	$917K	10x	as long as short
BloFin TAO-USDT	+0.0423%	4h	319.99	+0.033%	$4.7M	$11.1M	100x	as long as short
Variational Omni TAO	+0.0513%	4h	319.68	−0.065%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0517%	1h	319.72	−0.052%	$792K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	319.84	−0.013%	$363K	$429K	10x	as long as short
Phemex TAOUSDT	+0.0525%	4h	320.28	+0.124%	$3.3M	$8.1M	50x	as long as short
Phoenix TAO	+0.0567%	1h	319.50	−0.120%	$318K	$709K	5x	as long as short
Lighter TAO	+0.0600%	1h	319.93	+0.015%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0601%	1h	319.96	+0.024%	$94.6M	$109.9M	5x	as long as short
01 Exchange TAOUSDshort	+0.0624%	1h	319.85	−0.011%	$3K	$4K	5x
Arcus TAO-USD	+0.0641%	1h	320.21	+0.102%	$103K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0679%	1h	320.10	+0.067%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.64	−0.077%	$368	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0785%	1h	320.15	+0.082%	$15K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+0.164%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.89	+0.002%	$441K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1152%	1h	320.30	+0.130%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.136%	$24K	$2K	12x	as long as short