Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0471%/8h= +51.6% APRpaid last 24h +0.089%

Price spread now: 01 Exchange against Bybit−0.144%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. 01 Exchange is 0.144% cheaper against Bybit than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 24 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	312.01	0.0353	pay 0.0176% / 4h	2h 55m	$67.5M	$151.1M	50x
Short	01 Exchange TAOUSD	311.56	0.0824	get 0.0103% / 1h	55m 03s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.144%Rate

Funding earned: $98.92
Price spread: −0.144% → 0.000%: −$14.42
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $66.5
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.16 bp	8.7 bp −$9	15.9 bp −$159	36.3 bp −$3,628	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	311.52	−0.157%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.22	−0.253%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.37	−0.205%	$761	$869K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.88	−0.042%	$89.1M	$504.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.80	−0.067%	$26.1M	$121.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.30	−0.228%	$13.4M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.74	−0.087%	$103.8M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.60	−0.131%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.53	−0.154%	$35.1M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.84	+0.266%	$41K	$313K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	311.25	−0.244%	$81K	$907K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.48	−0.170%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.32	−0.542%	$110K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.71	−0.098%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	311.57	−0.141%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0136%	1h	311.22	−0.252%	$417K	—	100x	as long as short
Aster TAOUSDT	+0.0133%	4h	311.89	−0.037%	$1.3M	$10.5M	50x	as long as short
Popdex TAOUSDT	+0.0176%	1h	311.50	−0.163%	$48K	$662K	20x	as long as short
Paradex TAO-USD-PERP	+0.0201%	8h	311.64	−0.119%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0204%	4h	313.11	+0.351%	$532K	$942K	10x	as long as short
Pacifica TAO	+0.0233%	1h	311.85	−0.050%	$355K	$419K	10x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	−0.039%	$166K	$333	10x	as long as short
Bullet TAO-USD	+0.0304%	1h	311.54	−0.151%	$12K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0306%	1h	311.65	−0.117%	$5.5M	$20.7M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.87	−0.045%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0348%	4h	311.76	−0.080%	—	$33.7M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0351%	1h	311.53	−0.153%	$11K	$1.8M	25x	as long as short
Bybit TAOUSDTlong	+0.0353%	4h	312.01	long leg	$67.5M	$151.1M	50x
Extended TAO-USD	+0.0360%	1h	311.62	−0.126%	$904K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0371%	4h	312.91	+0.289%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0398%	1h	311.45	−0.180%	$775K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	312.80	+0.253%	$311K	$713K	5x	as long as short
Arcus TAO-USD	+0.0483%	1h	311.90	−0.035%	$100K	$370K	5x	as long as short
Phemex TAOUSDT	+0.0595%	4h	311.65	−0.115%	$3.1M	$8.0M	50x	as long as short
Hyperliquid TAO	+0.0658%	1h	311.93	−0.026%	$91.3M	$108.4M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.53	−0.155%	$358	—	20x	as long as short
Lighter TAO	+0.0760%	1h	311.92	−0.030%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSDshort	+0.0824%	1h	311.56	−0.144%	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0835%	1h	311.82	−0.061%	$310K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	312.88	+0.279%	$1.5M	$6.7M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	311.52	−0.157%	$445K	$650K	5x	as long as short
ApeX Omni TAOUSDT	+0.1940%	1h	312.51	+0.160%	$46K	$254K	50x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	315.73	+1.192%	$23K	$2K	12x	as long as short