Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.071%

Price spread now: Pacifica against BloFin+0.104%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now +0.104%, 7d avg −0.017%

Together, before fees−0.567%+ Points / potential airdropPacifica: Active · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.121% dearer against BloFin than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.017%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	317.54	0.0340	pay 0.0170% / 4h	0m 23s	$4.4M	$10.7M	100x
Short	Pacifica TAO	317.87	0.0100	get 0.0013% / 1h	0m 23s	$376K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.104%Rate

Funding earned: −$50.4
Price spread: +0.104% → −0.017%: $12.05
Slippage, 4 orders: −$18.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$77.3
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 min ago; Pacifica: live order book, 13 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, 8 min ago	3.03 bp	9.3 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell Pacifica live order book, 13 min ago	3.53 bp	8.8 bp −$9	doesn't fit	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	−0.2086%	1h	311.96	−1.757%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.45	−0.028%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.25	−0.091%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.762%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.36	−0.057%	$39K	$569K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	317.87	+0.104%	$376K	$363K	10x
Binance TAOUSDT	+0.0100%	4h	317.46	−0.025%	$90.1M	$432.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.76	+0.069%	$65.4M	$128.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.80	+0.082%	$25.6M	$104.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	−0.044%	$12.7M	$50.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	317.40	−0.044%	$113.8M	$133.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.84	+0.094%	$18.9M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.10	−0.139%	$35.5M	$47.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	317.75	+0.066%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.07	−0.463%	$41K	$282K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−1.462%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.22	−0.416%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	317.83	+0.091%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.86	+0.101%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.27	−0.400%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.09	−0.457%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.64	−0.283%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.99	−0.487%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	317.54	0.000%	$2K	$577K	5x	as long as short
Polymarket Perps TAO-USD	+0.0122%	1h	317.67	+0.041%	$77K	$450K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	317.46	−0.024%	$453K	—	100x	as long as short
Aster TAOUSDT	+0.0182%	4h	317.50	−0.011%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	318.05	+0.161%	$84K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0204%	8h	317.78	+0.076%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0233%	4h	316.35	−0.374%	$5.4M	$8.5M	—	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	317.54	long leg	$4.4M	$10.7M	100x
Deribit TAO_USDC-PERPETUAL	+0.0406%	1h	315.96	−0.499%	$29K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0417%	1h	317.33	−0.067%	$861K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0444%	1h	316.26	−0.404%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−0.422%	$331K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0552%	1h	317.67	+0.041%	$316K	$813K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	317.98	+0.139%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.42	−0.039%	$365	—	20x	as long as short
Extended TAO-USD	+0.0904%	1h	317.70	+0.051%	$900K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.02	−0.164%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1200%	1h	318.25	+0.223%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	317.81	+0.086%	$421K	$584K	5x	as long as short
Hyperliquid TAO	+0.1595%	1h	317.71	+0.054%	$100.3M	$85.3M	5x	as long as short