Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against edgeX+0.180%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$333as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3393.391% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.180%, 7d avg +0.056%

Together, before fees−0.096%+ Points / potential airdropedgeX: Active · farm board−$10 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: Aevo is 0.124% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	311.99	0.0100	pay 0.0050% / 4h	3h 30m	$41K	$314K	10x
Short	Aevo TAO-PERP	312.55	0.0104	get 0.0013% / 1h	30m 41s	$172K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now +0.180%Rate

Funding earned: $0.84
Price spread: +0.180% → +0.056%: $12.41
Slippage, 4 orders: −$314.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$325.86
Costs to cover: 3.391%
Break-even: 2722.5 days

Slippage from edgeX: live order book, 22 min ago; Aevo: live order book, 23 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 edgeX live order book, 22 min ago	4.77 bp	9.3 bp −$9	24.3 bp −$243	doesn't fit	doesn't fit
Sell Aevo live order book, 23 min ago	76.45 bp	226.3 bp −$226	doesn't fit	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.52	+0.170%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.29	+0.096%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0017%	1h	312.20	+0.067%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.69	+0.225%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	312.45	+0.148%	$640	$830K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.41	+0.135%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.68	+0.221%	$89.6M	$500.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.75	+0.244%	$67.2M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	+0.196%	$26.0M	$120.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.30	+0.100%	$13.2M	$50.0M	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	312.41	+0.135%	$102.4M	$144.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.41	+0.135%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.39	+0.128%	$35.0M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.57	+0.186%	—	$33.4M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	311.99	long leg	$41K	$314K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	311.98	−0.004%	$530K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.85	−0.045%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.28	+0.093%	$78K	$895K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.57	+0.186%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.33	+0.109%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.74	−0.080%	$109K	$539K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.31	+0.103%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	312.55	+0.180%	$172K	$998	3x
Aster TAOUSDT	+0.0115%	4h	312.53	+0.173%	$1.3M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	312.57	+0.186%	$52K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0139% / S +0.0134%	1h	312.26	+0.087%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	311.82	−0.056%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.88	+0.285%	$101K	$397K	5x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.135%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0272%	1h	312.52	+0.169%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.241%	$5.5M	$10.0M	—	as long as short
Nado TAO-PERP	+0.0331%	1h	312.32	+0.107%	$791K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.59	+0.192%	$4.5M	$10.8M	100x	as long as short
Hyperliquid TAO	+0.0429%	1h	312.56	+0.183%	$91.9M	$107.6M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.30	+0.100%	$311K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.91	+0.295%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0486%	1h	312.65	+0.212%	$311K	$886K	10x	as long as short
Lighter TAO	+0.0552%	1h	312.56	+0.183%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0618%	1h	312.70	+0.227%	$17K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.47	+0.153%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.70	+0.229%	$444K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.66	+0.215%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.814%	$23K	$2K	12x	as long as short