Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0230%/8h= −25.2% APRpaid last 24h −0.072%
Price spread now: Katana Perps against BloFin+0.065%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.109%−$11 on $10k
Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.065%, 7d avg +0.008%
Together, before fees−0.267%−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Katana Perps is 0.057% dearer against BloFin than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of +0.008%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 4 days (−0.109% in total) that is about 46 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin TAO-USDT305.780.0340pay 0.0170% / 4h1h 16m$4.2M$9.5M100x
ShortKatana Perps TAO-USD305.980.0110get 0.0110% / 8h1h 16m$626$506K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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

Funding earned
−$48.29
Price spread: +0.065% → +0.008%
$5.75
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$58.34
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 2 min ago; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 2 min ago2.78 bp10.4 bp −$1020.0 bp −$20037.9 bp −$3,786doesn't fit
Sell Katana Perps no order-book sample
Katana Perps: 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 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.75−0.011%$20K150xas long as short
dYdX TAO-USD+0.0015%1h305.55−0.075%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.01+0.075%$45K$539K20xas long as short
Binance TAOUSDT+0.0100%4h305.98+0.065%$85.6M$414.5M75xas long as short
Bybit TAOUSDT+0.0100%4h306.08+0.098%$59.2M$121.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.90+0.039%$24.6M$95.5M50xas long as short
Arcus TAO-USD+0.0100%1h306.23+0.147%$79K$643K5xas long as short
Bulk TAO-USD+0.0100%1h302.77−0.984%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h305.80+0.007%$12.2M$49.1M50xas long as short
MEXC TAO_USDT+0.0100%4h305.70−0.026%$113.7M$125.8M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h305.90+0.039%$18.2M$27.3M75xas long as short
Bitget TAOUSDT+0.0100%4h305.70−0.026%$34.1M$46.0M50xas long as short
BingX TAO-USDT+0.0100%4h305.89+0.036%$30.3Mas long as short
edgeX TAOUSDC+0.0100%4h306.18+0.131%$40K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.91+0.043%$506K$967K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.00+0.072%$75K$556K5xas long as short
Bullet TAO-USD+0.0100%1h305.81+0.010%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.72−0.020%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.88+0.033%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.05+0.088%$122K$368K20xas long as short
Phemex TAOUSDT+0.0100%4h305.67−0.036%$3.2M$7.9M50xas long as short
ApeX Omni TAOUSDT+0.0102%1h306.21+0.141%$46K$270K50xas long as short
Aevo TAO-PERP+0.0104%1h305.98+0.065%$168K$9983xas long as short
Variational Omni TAO+0.0105%4h305.97+0.061%$3.7M$6.7Mas long as short
Katana Perps TAO-USDshort+0.0110%8h305.98+0.065%$626$506K5x
Aster TAOUSDT+0.0119%4h305.97+0.062%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0155%8h305.89+0.036%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h305.96+0.058%$361K$370K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0170%1h305.86+0.026%$19K$1.4M25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.66−0.038%$437K100xas long as short
Nado TAO-PERP+0.0319%1h306.04+0.086%$826K$1.9M10xas long as short
BloFin TAO-USDTlong+0.0340%4h305.78long leg$4.2M$9.5M100x
Lighter TAO+0.0352%1h305.88+0.032%$1.6M$5.4M5xas long as short
01 Exchange TAOUSD+0.0408%1h306.17+0.128%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0451%1h305.81+0.010%$293K$800K10xas long as short
Phoenix TAO+0.0521%1h306.60+0.268%$321K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h305.72−0.019%$35220xas long as short
Extended TAO-USD+0.0760%1h306.01+0.075%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h306.25+0.154%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1034%1h305.63−0.049%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1081%1h306.35+0.186%$93.3M$80.7M5xas long as short
RISEx TAO/USDC+0.1155%1h306.21+0.140%$417K$544K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.965%$22K$26412xas long as short