Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.016%

Price spread now: 01 Exchange against BloFin+0.219%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. 01 Exchange is 0.219% dearer against BloFin than usual: you sell high and buy low (spread +0.219% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	314.99	0.0340	pay 0.0170% / 4h	24m 24s	$4.5M	$10.9M	100x
Short	01 Exchange TAOUSD	315.68	0.0296	get 0.0037% / 1h	24m 24s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.219%Rate

Funding earned: −$9.24
Price spread: +0.219% → 0.000%: $21.91
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$6.33
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: BloFin: live order book, 9 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 BloFin live order book, 9 min ago	0.32 bp	7.6 bp −$8	12.5 bp −$125	28.8 bp −$2,884	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 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
dYdX TAO-USD	0.0000%	1h	315.28	+0.093%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.32	+0.105%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.02	+0.009%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.50	+0.162%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.15	+0.051%	$645	$795K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.44	+0.143%	$91.1M	$494.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.54	+0.175%	$68.1M	$148.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	+0.130%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	+0.067%	$13.0M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.37	+0.121%	$110.7M	$144.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.27	+0.089%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.24	+0.079%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.38	+0.124%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.73	−0.082%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.20	−0.251%	$520K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.96	−0.010%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.26	+0.086%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.44	+0.141%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.00	+0.003%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.70	−0.092%	$110K	$534K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.01	+0.006%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.47	+0.152%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	315.37	+0.121%	$57K	$273K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0148% / S +0.0125%	1h	315.24	+0.080%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0167%	8h	315.56	+0.180%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0191%	1h	315.41	+0.133%	$802K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0192%	4h	315.22	+0.072%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0224%	1h	315.28	+0.094%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0256%	1h	315.63	+0.203%	$92.9M	$106.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0277%	1h	315.18	+0.062%	$35K	$1.7M	25x	as long as short
01 Exchange TAOUSDshort	+0.0296%	1h	315.68	+0.219%	$3K	$4K	5x
Lighter TAO	+0.0304%	1h	315.54	+0.174%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	314.99	long leg	$4.5M	$10.9M	100x
Arcus TAO-USD	+0.0345%	1h	315.65	+0.210%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	315.29	+0.095%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.32	+0.105%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	314.38	−0.195%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	316.30	+0.416%	$315K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.41	+0.135%	$363	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.206%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.51	+0.167%	$437K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	314.58	−0.130%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.225%	$23K	$2K	12x	as long as short