Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Aevo against Bitget−0.069%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1421.424% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.069%, 7d avg +0.059%

Together, before fees+0.135%+$13 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: Aevo is 0.128% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	306.74	0.0100	pay 0.0050% / 4h	1h 52m	$34.4M	$45.7M	50x
Short	Aevo TAO-PERP	306.53	0.0104	get 0.0013% / 1h	52m 48s	$168K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.069%Rate

Funding earned: $0.84
Price spread: −0.069% → +0.059%: −$12.75
Slippage, 4 orders: −$114.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$154.33
Costs to cover: 1.424%
Break-even: 1293.1 days

Slippage from Bitget: live order book, 1 min ago; Aevo: live order book, 31 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 Bitget live order book, 1 min ago	1.14 bp	13.5 bp −$13	19.4 bp −$194	37.3 bp −$3,727	doesn't fit
Sell Aevo live order book, 31 min ago	41.20 bp	58.9 bp −$59	333.9 bp −$3,339	doesn't fit	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
Bulk TAO-USD	−0.0306%	1h	307.82	+0.352%	$202K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	306.83	+0.030%	$126K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	306.04	−0.229%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.52	−0.072%	$42K	$532K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.97	+0.076%	$86.3M	$408.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.07	+0.108%	$59.7M	$120.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.90	+0.052%	$24.7M	$95.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.93	+0.062%	$137K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.20	−0.176%	$12.2M	$48.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.44	−0.098%	$120.7M	$123.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	306.15	−0.192%	$18.8M	$26.8M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	306.74	long leg	$34.4M	$45.7M	50x
BingX TAO-USDT	+0.0100%	4h	306.57	−0.055%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.27	+0.498%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.06	+0.103%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.54	−0.064%	$545K	$937K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.96	+0.072%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.57	−0.055%	$78K	$613K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.18	−0.184%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.43	−0.101%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.96	−0.254%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.07	−0.218%	$120K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.38	−0.117%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	306.53	−0.069%	$168K	$998	3x
Katana Perps TAO-USD	+0.0113%	8h	306.58	−0.052%	$628	$481K	5x	as long as short
Aster TAOUSDT	+0.0137%	4h	306.48	−0.083%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	306.82	+0.027%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	307.05	+0.102%	$363K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.00	−0.241%	$437K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0304%	1h	306.57	−0.056%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.16	−0.189%	$4.3M	$9.4M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0397%	1h	306.16	−0.189%	$378K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	306.79	+0.016%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0521%	1h	307.40	+0.215%	$326K	$491K	5x	as long as short
Nado TAO-PERP	+0.0544%	1h	306.25	−0.159%	$844K	$1.9M	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	306.10	−0.209%	$352	—	20x	as long as short
Lighter TAO	+0.0720%	1h	307.37	+0.205%	$1.7M	$4.9M	5x	as long as short
Extended TAO-USD	+0.0840%	1h	306.41	−0.107%	$894K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.64	−0.033%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	306.32	−0.138%	$6.1M	$19.3M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.86	+0.039%	$413K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.649%	$22K	$264	12x	as long as short
Hyperliquid TAO	+0.1666%	1h	307.25	+0.166%	$95.5M	$77.9M	5x	as long as short