Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0704%/8h= +77.1% APRnext payment +$0.88 per $10,000 · paid last 24h +0.087%
Price spread now: 01 Exchange against Deribit+0.017%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$21 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit TAO_USDC-PERPETUAL318.760.0160pay 0.0020% / 1h56m 12s$24K$1.5M25x
Short01 Exchange TAOUSD318.810.0864get 0.0108% / 1h56m 12s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Deribit. 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

Funding earned
$147.84
Price spread: +0.017% → 0.000%
$1.71
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$135.55
Costs to cover
0.140%
Break-even
0.6 days
Slippage unknown: Deribit: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 3 min ago31.55 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1799%1h311.96−2.132%$167K$44K10xas long as short
dYdX TAO-USD0.0000%1h318.95+0.062%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.63−0.041%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h318.27−0.152%$40K$576K20xas long as short
Katana Perps TAO-USD+0.0100%8h318.51−0.077%$1K$588K5xas long as short
Binance TAOUSDT+0.0100%4h318.99+0.075%$91.2M$437.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.40+0.202%$25.8M$106.4M50xas long as short
Gate TAO_USDT+0.0100%4h318.30−0.143%$12.8M$49.4M50xas long as short
MEXC TAO_USDT+0.0100%4h318.43−0.102%$104.2M$130.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.34−0.130%$19.0M$28.2M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h318.63−0.039%$35.6M$48.7M50xas long as short
edgeX TAOUSDC+0.0100%4h319.13+0.117%$42K$281K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h317.42−0.417%$531K$942K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.82−0.921%$47K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.66−0.030%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.75−0.002%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.15+0.124%$127K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h318.81+0.017%$3.4M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h321.37+0.820%$176K$9983xas long as short
Deribit TAO_USDC-PERPETUALlong+0.0160%1h318.76long leg$24K$1.5M25x
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0071%1h318.44−0.100%$454K100xas long as short
Pacifica TAO+0.0185%1h318.78+0.008%$377K$371K10xas long as short
Arcus TAO-USD+0.0201%1h318.71−0.014%$84K$545K5xas long as short
Aster TAOUSDT+0.0206%4h318.70−0.018%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0214%8h318.28−0.150%$14K$1K10xas long as short
Variational Omni TAO+0.0291%4h319.01+0.080%$5.5M$8.6Mas long as short
Bullet TAO-USD+0.0315%1h318.58−0.055%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h320.00+0.390%$4.4M$10.8M100xas long as short
Polymarket Perps TAO-USD+0.0380%1h318.50−0.080%$114K$616K5xas long as short
BingX TAO-USDT+0.0398%4h318.85+0.030%$30.7Mas long as short
Kraken Futures PF_TAOUSD+0.0481%1h319.04+0.089%$5.8M$20.2M50xas long as short
Phoenix TAO+0.0537%1h319.30+0.171%$335K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.85−0.284%$23K$37012xas long as short
Reya TAORUSDPERP+0.0695%1h318.29−0.147%$36620xas long as short
Bybit TAOUSDT+0.0718%4h319.54+0.246%$65.5M$129.7M50xas long as short
Nado TAO-PERP+0.0859%1h318.43−0.104%$882K$2.0M10xas long as short
01 Exchange TAOUSDshort+0.0864%1h318.81+0.017%$3K$4K5x
Extended TAO-USD+0.0984%1h318.92+0.053%$927K$2.2M25xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.37+0.193%$1.5M$6.1M50xas long as short
RISEx TAO/USDC+0.1141%1h318.47−0.089%$419K$586K5xas long as short
Backpack TAO_USDC_PERP+0.1201%1h319.68+0.290%$317K$817K10xas long as short
Lighter TAO+0.2032%1h319.41+0.205%$1.7M$5.8M5xas long as short
Hyperliquid TAO+0.2916%1h319.15+0.124%$104.2M$88.2M5xas long as short