Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: edgeX against Bitget+0.301%64s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.368% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.301%, 7d avg +0.042%

Together, before fees+0.072%+ Points / potential airdropedgeX: Active · farm board+$7 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: edgeX is 0.260% dearer against Bitget than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 64 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	Bitget TAOUSDT	311.59	0.0100	pay 0.0050% / 4h	3h 10m	$35.0M	$56.6M	50x
Short	edgeX TAOUSDC	312.53	0.0100	get 0.0050% / 4h	3h 10m	$41K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.301%Rate

Funding earned: $0
Price spread: +0.301% → +0.042%: $25.96
Slippage, 4 orders: −$15.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.88
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; edgeX: live order book, 43 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	0.16 bp	12.1 bp −$12	24.0 bp −$240	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	4.77 bp	9.3 bp −$9	24.0 bp −$240	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.70	+0.355%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.62	+0.010%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0010%	1h	311.90	+0.099%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.07	+0.154%	$49K	$661K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	312.01	+0.135%	$1K	$854K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.21	+0.199%	$355K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.01	+0.133%	$89.3M	$502.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.00	+0.132%	$26.0M	$120.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.90	+0.099%	$13.3M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.88	+0.093%	$103.1M	$145.7M	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	311.81	+0.071%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	311.59	long leg	$35.0M	$56.6M	50x
edgeX TAOUSDCshort	+0.0100%	4h	312.53	+0.301%	$41K	$313K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	312.48	+0.286%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.79	+0.064%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.91	+0.104%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.73	+0.366%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.81	+0.392%	$111K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.78	+0.382%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.98	+0.446%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0113%	4h	312.19	+0.193%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	312.88	+0.414%	$52K	$290K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.81	+0.390%	$531K	$956K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0135% / S +0.0132%	1h	312.68	+0.349%	$422K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	312.11	+0.167%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0180%	4h	312.01	+0.135%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0227%	4h	311.98	+0.125%	$67.4M	$150.8M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.39	+0.257%	$101K	$394K	5x	as long as short
Nado TAO-PERP	+0.0320%	1h	312.02	+0.137%	$788K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0320%	1h	311.93	+0.109%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0325%	4h	312.94	+0.432%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.98	+0.446%	$4.5M	$10.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0383%	1h	312.89	+0.419%	$13K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	312.70	+0.356%	$311K	$711K	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.270%	$165K	$333	10x	as long as short
Hyperliquid TAO	+0.0470%	1h	312.10	+0.164%	$91.7M	$107.9M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.20	+0.196%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0492%	1h	312.57	+0.315%	$310K	$885K	10x	as long as short
Lighter TAO	+0.0632%	1h	312.47	+0.282%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.90	+0.100%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.15	+0.180%	$442K	$647K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	313.04	+0.465%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.630%	$23K	$2K	12x	as long as short