Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit+0.022%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.272%+$27 · spread now +0.022%, 7d avg +0.015%

Together, before fees+0.288%+$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	313.30	0.0100	pay 0.0050% / 4h	47m 14s	$61.4M	$123.4M	50x
Short	ApeX Omni TAOUSDT	313.37	0.0100	get 0.0013% / 1h	47m 14s	$47K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.015%: $0.75
Slippage, 4 orders: −$22.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.07
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: 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 Bybit live order book, 2 min ago	0.16 bp	10.0 bp −$10	23.6 bp −$236	54.8 bp −$5,480	doesn't fit
Sell ApeX Omni live order book, 30 min ago	3.76 bp	12.3 bp −$12	116.0 bp −$1,160	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	−0.4722%	1h	314.01	+0.227%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.20	+0.287%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.04	−0.082%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.348%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.80	+0.160%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.48	+0.377%	$372K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.23	−0.021%	$88.7M	$421.8M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	313.30	long leg	$61.4M	$123.4M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	313.20	−0.032%	$25.1M	$100.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.40	+0.032%	$12.7M	$49.0M	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	313.36	+0.019%	$121.2M	$126.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.54	+0.077%	$19.0M	$27.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.02	−0.089%	$35.0M	$46.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.21	−0.029%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	+0.110%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.279%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	313.37	+0.022%	$47K	$269K	50x
Orderly PERP_TAO_USDC	+0.0100%	4h	313.20	−0.032%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.18	−0.038%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.88	+0.185%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.07	−0.073%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.37	+0.021%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.91	+0.195%	$2K	$537K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	313.86	+0.179%	$77K	$522K	5x	as long as short
Bullet TAO-USD	+0.0145%	1h	313.41	+0.036%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	+0.091%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	314.25	+0.302%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.16	+0.274%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	313.61	+0.100%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0233%	1h	313.11	−0.060%	$24K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.41	+0.035%	$4.3M	$9.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.34	+0.013%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.06	−0.077%	$450K	—	100x	as long as short
Nado TAO-PERP	+0.0506%	1h	313.65	+0.113%	$843K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	313.80	+0.160%	$328K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0576%	1h	313.55	+0.080%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.47	+0.055%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0824%	1h	314.27	+0.310%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	313.13	−0.056%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.43	+0.361%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.06	+0.244%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1504%	1h	313.80	+0.158%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2158%	1h	314.13	+0.265%	$98.3M	$82.8M	5x	as long as short