Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.084%

Price spread now: 01 Exchange against Bitget+0.022%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and 01 Exchange is 0.022% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	314.27	0.0100	pay 0.0050% / 4h	2h 27m	$35.1M	$53.3M	50x
Short	01 Exchange TAOUSD	314.34	0.0648	get 0.0081% / 1h	27m 16s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.022%Rate

Funding earned: $115.08
Price spread: +0.022% → 0.000%: $2.23
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $98.31
Costs to cover: 0.190%
Break-even: 1.0 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.64 bp	13.7 bp −$14	24.8 bp −$248	doesn't fit	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 42 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
dYdX TAO-USD	0.0000%	1h	314.00	−0.086%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.22	−0.017%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.00	−0.086%	$39K	$626K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.48	+0.068%	$90.1M	$464.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	+0.105%	$25.9M	$111.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	+0.010%	$12.8M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.53	+0.083%	$108.9M	$138.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.47	+0.064%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	314.27	long leg	$35.1M	$53.3M	50x
edgeX TAOUSDC	+0.0100%	4h	312.67	−0.508%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	313.06	−0.385%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.54	+0.086%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.35	+0.025%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.34	+0.022%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.26	−0.003%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.86	+0.189%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0116%	4h	313.32	−0.304%	$516K	$966K	10x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	314.17	−0.032%	$1K	$700K	5x	as long as short
Polymarket Perps TAO-USD	+0.0151%	1h	314.44	+0.054%	$82K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.46	+0.062%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	314.13	−0.045%	$439K	—	100x	as long as short
Bullet TAO-USD	+0.0224%	1h	314.52	+0.080%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0231%	4h	314.43	+0.051%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	314.14	−0.041%	$369K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0325%	8h	314.42	+0.048%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	314.27	0.000%	$99K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−0.633%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0515%	1h	314.38	+0.033%	$779K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0574%	1h	314.52	+0.079%	$24K	$1.5M	25x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−0.627%	$326K	$681K	5x	as long as short
01 Exchange TAOUSDshort	+0.0648%	1h	314.34	+0.022%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	314.43	+0.049%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	314.58	+0.099%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0774%	4h	311.95	−0.739%	$5.4M	$8.8M	—	as long as short
Bybit TAOUSDT	+0.0822%	4h	314.81	+0.172%	$65.9M	$137.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0890%	1h	314.37	+0.032%	$318K	$814K	10x	as long as short
Extended TAO-USD	+0.0896%	1h	314.54	+0.085%	$898K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	315.37	+0.350%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	314.19	−0.025%	$449K	$630K	5x	as long as short
Hyperliquid TAO	+0.1225%	1h	314.87	+0.191%	$99.4M	$94.7M	5x	as long as short
Lighter TAO	+0.1424%	1h	314.92	+0.206%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−1.643%	$164K	$40K	10x	as long as short