Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.006%

Price spread now: Extended against BloFin−0.056%114s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as 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−$350.348% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.306%−$31 on $10k

Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.056%, 7d avg −0.063%

Together, before fees−0.360%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.063%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. The two prices were read 114 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	BloFin TAO-USDT	314.51	0.0340	pay 0.0170% / 4h	3h 53m	$4.6M	$10.8M	100x
Short	Extended TAO-USD	314.33	0.0184	get 0.0023% / 1h	53m 25s	$918K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$32.76
Price spread: −0.056% → −0.063%: $0.74
Slippage, 4 orders: −$17.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$66.78
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 5 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	0.63 bp	11.2 bp −$11	15.4 bp −$154	31.7 bp −$3,175	doesn't fit
Sell Extended live order book, 5 min ago	3.49 bp	6.5 bp −$6	9.2 bp −$92	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	−0.0346%	1h	313.56	−0.301%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	314.02	−0.156%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.10	−0.131%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.05	−0.146%	$43K	$653K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	313.83	−0.216%	$1K	$807K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.26	−0.081%	$359K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.36	−0.047%	$90.6M	$496.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.47	−0.013%	$67.7M	$149.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.30	−0.067%	$26.0M	$120.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+0.188%	$167K	$2K	10x	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	313.90	−0.194%	$13.0M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.37	−0.045%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.10	−0.130%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.97	−0.172%	$35.1M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.21	−0.095%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.34	−0.055%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	−0.278%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.29	−0.070%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.05	−0.146%	$78K	$863K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.42	−0.029%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.56	−0.302%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.51	−0.318%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.52	+0.002%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.29	−0.070%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0137%	4h	314.00	−0.162%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	314.09	−0.135%	$426K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0144%	8h	314.15	−0.115%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0151%	1h	314.40	−0.035%	$92.2M	$106.6M	5x	as long as short
Extended TAO-USDshort	+0.0184%	1h	314.33	−0.056%	$918K	$2.4M	25x
Nado TAO-PERP	+0.0197%	1h	314.09	−0.133%	$798K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.17	−0.108%	$102K	$441K	5x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	314.51	long leg	$4.6M	$10.8M	100x
Backpack TAO_USDC_PERP	+0.0361%	1h	313.58	−0.296%	$311K	$914K	10x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	−0.258%	$5.6M	$9.9M	—	as long as short
01 Exchange TAOUSD	+0.0376%	1h	314.18	−0.105%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0400%	1h	314.37	−0.045%	$1.5M	$6.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	313.69	−0.261%	$21K	$1.7M	25x	as long as short
Phoenix TAO	+0.0457%	1h	313.90	−0.194%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.24	−0.087%	$361	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.98	−0.168%	$434K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.92	+0.130%	$1.5M	$6.7M	50x	as long as short
Phemex TAOUSDT	+0.1188%	4h	313.73	−0.248%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.005%	$23K	$2K	12x	as long as short