Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against edgeX−0.136%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.253%−$25 · spread now −0.136%, 7d avg −0.015%

Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 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: Binance is 0.121% cheaper against edgeX than usual: you would sell low and buy high, −$12 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	edgeX TAOUSDC	303.35	0.0100	pay 0.0050% / 4h	1h 35m	$39K	$278K	10x
Short	Binance TAOUSDT	302.94	0.0100	get 0.0050% / 4h	1h 35m	$84.9M	$412.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.015%: −$12.05
Slippage, 4 orders: −$15.78
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.83
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from edgeX: live order book, 48 min ago; Binance: live order book, 9 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, 48 min ago	6.50 bp	11.0 bp −$11	26.7 bp −$267	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.17 bp	6.3 bp −$6	14.0 bp −$140	31.0 bp −$3,103	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	−0.0186%	1h	303.81	+0.151%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.17	−0.389%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.55	−0.264%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.59	−0.251%	$44K	$535K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	302.74	−0.201%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	302.94	−0.136%	$84.9M	$412.6M	75x
Bybit TAOUSDT	+0.0100%	4h	302.91	−0.146%	$58.6M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.80	−0.182%	$24.3M	$94.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.72	−0.208%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.60	−0.248%	$12.1M	$48.7M	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	302.94	−0.136%	$110.1M	$124.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.76	−0.195%	$18.5M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.63	−0.238%	$33.8M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.83	−0.172%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.56	+0.069%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	303.35	long leg	$39K	$278K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	303.49	+0.045%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	−0.017%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.74	−0.202%	$77K	$601K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.81	−0.180%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.85	−0.165%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.82	−0.175%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	302.49	−0.284%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.78	−0.189%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.93	−0.138%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.59	−0.251%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	302.44	−0.300%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.58	−0.254%	$357K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.59	−0.253%	$432K	—	100x	as long as short
BloFin TAO-USDT	+0.0340%	4h	302.76	−0.195%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0352%	1h	303.07	−0.094%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0373%	1h	302.56	−0.260%	$816K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0380%	1h	302.96	−0.128%	$21K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.67	−0.225%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0424%	1h	302.95	−0.133%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	−0.215%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.66	−0.227%	$348	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	302.92	−0.143%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.05	−0.100%	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1043%	1h	302.91	−0.147%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1076%	1h	302.98	−0.123%	$91.9M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.78	−0.189%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.773%	$22K	$264	12x	as long as short