Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.016%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.016%, 7d avg −0.015%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.031% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	312.14	0.0100	pay 0.0050% / 4h	3h 49m	$67.3M	$149.5M	50x
Short	MEXC TAO_USDT	312.19	0.0100	get 0.0050% / 4h	3h 49m	$101.1M	$144.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.015%: $3.1
Slippage, 4 orders: −$15.65
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.55
Costs to cover: 0.267%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	0.16 bp	10.1 bp −$10	19.3 bp −$193	44.1 bp −$4,408	doesn't fit
Sell MEXC live order book, 4 min ago	1.75 bp	2.9 bp −$3	12.5 bp −$125	28.3 bp −$2,827	92.2 bp −$46.1K

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	−0.0348%	1h	311.57	−0.184%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.79	−0.112%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.42	−0.232%	$20K	—	150x	as long as short
Gate TAO_USDT	+0.0054%	4h	311.80	−0.109%	$12.9M	$49.4M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.09	−0.016%	$44K	$654K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.81	−0.106%	$2K	$811K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.17	+0.010%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.93	−0.067%	$89.9M	$497.3M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	312.14	long leg	$67.3M	$149.5M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	312.10	−0.013%	$25.9M	$120.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	+0.0100%	1h	315.10	+0.948%	$167K	$2K	10x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	312.19	+0.016%	$101.1M	$144.0M	300x
KuCoin TAOUSDTM	+0.0100%	4h	312.02	−0.038%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.82	−0.103%	$34.9M	$56.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.09	−0.016%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.18	+0.653%	$42K	$312K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.25	+0.676%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.41	−0.234%	$80K	$867K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.74	−0.129%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.62	−0.167%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.27	−0.279%	$108K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.67	−0.151%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0112%	4h	314.50	+0.757%	$533K	$955K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	311.57	−0.183%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0122%	4h	311.93	−0.066%	$1.2M	$10.4M	50x	as long as short
Hyperliquid TAO	+0.0125%	1h	312.20	+0.019%	$91.5M	$106.8M	5x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	312.16	+0.007%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0125%	1h	311.44	−0.224%	$423K	—	100x	as long as short
Extended TAO-USD	+0.0184%	1h	312.01	−0.041%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.27	+0.042%	$101K	$391K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0249%	1h	311.55	−0.190%	$21K	$1.7M	25x	as long as short
Nado TAO-PERP	+0.0266%	1h	311.60	−0.172%	$791K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.43	+0.093%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0346%	4h	312.61	+0.151%	$5.6M	$10.0M	—	as long as short
Backpack TAO_USDC_PERP	+0.0380%	1h	312.04	−0.032%	$310K	$914K	10x	as long as short
Lighter TAO	+0.0400%	1h	312.44	+0.098%	$1.5M	$6.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	312.11	−0.010%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	313.90	+0.564%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.65	−0.158%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.00	−0.046%	$432K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.27	+0.042%	$1.5M	$6.6M	50x	as long as short
Phemex TAOUSDT	+0.1382%	4h	311.68	−0.147%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.679%	$23K	$2K	12x	as long as short