Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.045%

Price spread now: Arcus against BloFin−0.191%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.242%−$24 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.191%, 7d avg +0.056%

Together, before fees−0.106%−$11 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: Arcus is 0.247% cheaper against BloFin than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	323.78	0.0396	pay 0.0198% / 4h	3h 03m	$4.8M	$11.0M	100x
Short	Arcus TAO-USD	323.16	0.0404	get 0.0051% / 1h	3m 24s	$102K	$331K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.191%Rate

Funding earned: $1.63
Price spread: −0.191% → +0.056%: −$24.7
Slippage, 4 orders: −$22.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$61.83
Costs to cover: 0.388%
Break-even: 271.9 days

Slippage from BloFin: live order book, 5 min ago; Arcus: live order book, 30 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 BloFin live order book, 5 min ago	0.47 bp	7.5 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Arcus live order book, 30 min ago	6.99 bp	9.9 bp −$10	25.4 bp −$254	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	−0.0241%	1h	318.85	−1.524%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	321.76	−0.624%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.56	−0.377%	$51K	$700K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	322.28	−0.463%	$71.0M	$154.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.60	−0.364%	$27.0M	$130.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.70	−0.642%	$15.3M	$51.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.13	−0.510%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.69	−0.337%	$36.4M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.30	−0.457%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.90	−0.272%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	323.48	−0.093%	$117K	$548K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.68	−0.031%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	322.55	−0.380%	$660	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.68	−0.340%	$177K	$998	3x	as long as short
MEXC TAO_USDT	+0.0156%	4h	322.07	−0.528%	$105.0M	$156.1M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	322.11	−0.516%	$94.3M	$518.6M	75x	as long as short
BingX TAO-USDT	+0.0162%	4h	322.01	−0.547%	—	$38.9M	—	as long as short
edgeX TAOUSDC	+0.0164%	4h	321.70	−0.644%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0219%	8h	323.81	+0.008%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0241%	4h	322.73	−0.324%	$55K	$272K	10x	as long as short
Bullet TAO-USD	+0.0271%	1h	322.10	−0.520%	$13K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0284%	4h	321.52	−0.699%	$548K	$825K	10x	as long as short
Extended TAO-USD	+0.0288%	1h	323.05	−0.225%	$977K	$2.2M	25x	as long as short
ApeX Omni TAOUSDT	+0.0306%	1h	321.60	−0.673%	$45K	$256K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	322.12	−0.512%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	323.46	−0.099%	$376K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0109%	1h	321.09	−0.830%	$381K	—	100x	as long as short
BloFin TAO-USDTlong	+0.0396%	4h	323.78	long leg	$4.8M	$11.0M	100x
Nado TAO-PERP	+0.0403%	1h	322.29	−0.459%	$759K	$2.0M	10x	as long as short
Arcus TAO-USDshort	+0.0404%	1h	323.16	−0.191%	$102K	$331K	5x
dYdX TAO-USD	+0.0524%	1h	323.45	−0.103%	$130K	$87K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0532%	1h	322.94	−0.260%	$20K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0551%	4h	321.24	−0.784%	$5.7M	$9.8M	—	as long as short
Lighter TAO	+0.0568%	1h	323.61	−0.051%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0578%	1h	321.70	−0.642%	$324K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	323.37	−0.127%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0661%	1h	322.33	−0.448%	$96.7M	$109.3M	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	322.15	−0.502%	$370	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0704%	1h	321.67	−0.652%	$319K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0770%	1h	323.19	−0.181%	$6.3M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	322.86	−0.285%	$440K	$711K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	324.34	+0.173%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	−0.358%	$23K	$2K	12x	as long as short