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% APRpaid last 24h +0.003%

Price spread now: OKX against Bitget+0.097%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.097%, 7d avg −0.019%

Together, before fees−0.206%−$21 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: OKX is 0.116% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	319.59	0.0100	pay 0.0050% / 4h	2h 20m	$36.0M	$57.4M	50x
Short	OKX TAO-USDT-SWAP	319.90	0.0100	get 0.0100% / 8h	2h 20m	$26.7M	$125.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.019%: $11.57
Slippage, 4 orders: −$17.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$28.04
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	1.59 bp	10.4 bp −$10	12.9 bp −$129	31.6 bp −$3,162	doesn't fit
Sell OKX live order book, 4 min ago	1.58 bp	8.6 bp −$9	17.6 bp −$176	93.3 bp −$9,325	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	−0.0038%	1h	313.74	−1.830%	$167K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.02	−0.179%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0039%	1h	319.36	−0.072%	$127K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.99	+0.125%	$91.9M	$511.7M	75x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	319.90	+0.097%	$26.7M	$125.5M	50x
Gate TAO_USDT	+0.0100%	4h	319.80	+0.066%	$14.2M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.15	+0.175%	$100.2M	$147.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.01	+0.131%	$17.6M	$31.5M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	319.59	long leg	$36.0M	$57.4M	50x
edgeX TAOUSDC	+0.0100%	4h	315.37	−1.319%	$42K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	319.34	−0.078%	$91K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.73	−0.269%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.27	−0.100%	$116K	$563K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.86	+0.084%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.86	−0.227%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	319.57	−0.006%	$2K	$936K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	319.07	−0.163%	$53K	$290K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	319.61	+0.006%	$53K	$670K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0141%	1h	318.89	−0.218%	$428K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	319.65	+0.020%	$364K	$419K	10x	as long as short
Nado TAO-PERP	+0.0245%	1h	319.38	−0.065%	$804K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0253%	4h	319.91	+0.101%	$1.3M	$10.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0276%	8h	319.84	+0.079%	$15K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0299%	1h	319.22	−0.117%	$6.0M	$21.5M	50x	as long as short
Bullet TAO-USD	+0.0331%	1h	319.32	−0.085%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.38	−0.379%	$4.6M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0374%	4h	315.91	−1.150%	$537K	$923K	10x	as long as short
Bybit TAOUSDT	+0.0395%	4h	319.88	+0.091%	$69.9M	$153.2M	50x	as long as short
BingX TAO-USDT	+0.0402%	4h	320.05	+0.144%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0459%	4h	318.52	−0.335%	$5.6M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	319.98	+0.122%	$103K	$345K	5x	as long as short
Extended TAO-USD	+0.0496%	1h	318.92	−0.209%	$906K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	316.70	−0.904%	$315K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0564%	1h	319.07	−0.163%	$15K	$1.8M	25x	as long as short
ApeX Omni TAOUSDT	+0.0574%	1h	315.18	−1.380%	$45K	$256K	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	319.47	−0.038%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	320.45	+0.269%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0816%	1h	319.32	−0.085%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0824%	1h	320.38	+0.247%	$94.0M	$109.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0844%	1h	320.10	+0.160%	$317K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	320.16	+0.178%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	319.72	+0.041%	$462K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	−0.034%	$23K	$2K	12x	as long as short