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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Bitget+0.021%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.021%, 7d avg +0.008%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	303.91	0.0100	pay 0.0050% / 4h	2h 50m	$34.1M	$44.0M	50x
Short	Binance TAOUSDT	303.97	0.0100	get 0.0050% / 4h	2h 50m	$84.9M	$399.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.008%: $1.28
Slippage, 4 orders: −$17.44
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.15
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago	2.80 bp	11.4 bp −$11	24.0 bp −$240	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.16 bp	8.6 bp −$9	15.0 bp −$150	32.7 bp −$3,267	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	−0.0973%	1h	304.87	+0.316%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.89	−0.336%	$127K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	303.58	−0.108%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.35	−0.184%	$38K	$523K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	304.04	+0.043%	$1.1M	$7.4M	50x	as long as short
Pacifica TAO	+0.0100%	1h	303.20	−0.232%	$354K	$405K	10x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	303.97	+0.021%	$84.9M	$399.9M	75x
Bybit TAOUSDT	+0.0100%	4h	304.24	+0.109%	$58.0M	$117.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.10	+0.063%	$24.8M	$91.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.70	−0.069%	$135K	$591K	5x	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	303.70	−0.069%	$12.0M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.00	+0.030%	$110.9M	$121.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.99	+0.026%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	303.91	long leg	$34.1M	$44.0M	50x
BingX TAO-USDT	+0.0100%	4h	304.05	+0.046%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	304.76	+0.281%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.155%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	−0.198%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.63	−0.092%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.57	−0.112%	$82K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.59	−0.105%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.75	−0.053%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.67	−0.079%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.12	−0.260%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.61	−0.099%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.75	−0.054%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.23	−0.224%	$1K	$416K	5x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	303.15	−0.251%	$14K	$992	10x	as long as short
Nado TAO-PERP	+0.0194%	1h	303.37	−0.177%	$728K	$1.8M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0224%	1h	303.83	−0.027%	$16K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	−0.135%	$321K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.67	−0.079%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0352%	1h	303.63	−0.092%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0464% / S −0.0175%	1h	303.44	−0.156%	$432K	—	100x	as long as short
Lighter TAO	+0.0592%	1h	304.16	+0.083%	$1.6M	$4.7M	5x	as long as short
Extended TAO-USD	+0.0592%	1h	304.04	+0.042%	$867K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	303.47	−0.143%	$349	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	304.26	+0.115%	$465K	$689K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.34	+0.141%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1037%	1h	303.93	+0.008%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	303.61	−0.098%	$399K	$530K	5x	as long as short
Hyperliquid TAO	+0.1095%	1h	304.54	+0.207%	$91.2M	$73.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.632%	$23K	$135	12x	as long as short