Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against edgeX+0.121%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 3 days (all we have)−0.135%−$14 · spread now +0.121%, 7d avg +0.035%

Together, before fees−0.060%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.086% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	318.20	0.0100	pay 0.0050% / 4h	3h 36m	$40K	$292K	10x
Short	ApeX Omni TAOUSDT	318.59	0.0192	get 0.0024% / 1h	36m 34s	$48K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.121%Rate

Funding earned: $19.35
Price spread: +0.121% → +0.035%: $8.64
Slippage, 4 orders: −$34.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.8
Costs to cover: 0.538%
Break-even: 16.3 days

Slippage from edgeX: live order book, 36 min ago; ApeX Omni: live order book, 35 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, 36 min ago	7.98 bp	12.6 bp −$13	29.0 bp −$290	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 min ago	6.24 bp	14.7 bp −$15	133.1 bp −$1,331	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	−0.1322%	1h	319.84	+0.514%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0808%	4h	319.48	+0.401%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.25	+0.329%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.23	+0.323%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.26	+0.332%	$43K	$586K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.16	+0.301%	$92.3M	$445.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	+0.470%	$26.2M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.30	+0.345%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.47	+0.398%	$107.4M	$133.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.69	+0.467%	$18.3M	$29.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	319.59	+0.436%	$35.7M	$50.0M	50x	as long as short
edgeX TAOUSDClong	+0.0100%	4h	318.20	long leg	$40K	$292K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.528%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.21	+0.316%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.33	+0.354%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.27	+0.335%	$127K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.56	+0.425%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	319.34	+0.357%	$2K	$615K	5x	as long as short
Bullet TAO-USD	+0.0166%	1h	319.62	+0.446%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.21	+0.317%	$463K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	319.84	+0.514%	$379K	$374K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0192%	1h	318.59	+0.121%	$48K	$266K	50x
Arcus TAO-USD	+0.0201%	1h	319.88	+0.527%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0228%	4h	319.52	+0.415%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	319.71	+0.473%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	319.38	+0.368%	$20K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0306%	1h	319.58	+0.433%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.536%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	318.82	+0.194%	$65.5M	$132.2M	50x	as long as short
Variational Omni TAO	+0.0378%	4h	321.33	+0.981%	$5.6M	$8.6M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	319.71	+0.473%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.53	+0.417%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.221%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.036%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.75	+0.486%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.50	+0.408%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0780%	1h	319.50	+0.408%	$893K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0875%	1h	320.16	+0.615%	$324K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.20	+0.627%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1104%	1h	319.71	+0.472%	$929K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.73	+0.481%	$425K	$600K	5x	as long as short
Lighter TAO	+0.1528%	1h	320.22	+0.633%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2435%	1h	320.21	+0.631%	$103.4M	$90.6M	5x	as long as short