Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.005%

Price spread now: Bullet against edgeX−0.052%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Bullet

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. Bullet is 0.052% cheaper against edgeX than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	316.51	0.0167	pay 0.0083% / 4h	3h 51m	$42K	$320K	10x
Short	Bullet TAO-USD	316.35	0.0293	get 0.0037% / 1h	51m 10s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.052%Rate

Funding earned: $26.44
Price spread: −0.052% → 0.000%: −$5.17
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: $4.27
Costs to cover: 0.170%
Break-even: 5.9 days

Slippage unknown: edgeX: live order book, 47 min ago; Bullet: 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 edgeX live order book, 47 min ago	6.32 bp	10.8 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.03	−0.151%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.87	+0.114%	$49K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.47	−0.012%	$647	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	−0.351%	$26.3M	$130.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.183%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.382%	$14.8M	$49.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.48	−0.325%	$17.7M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.26	−0.395%	$35.5M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.30	−0.066%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.05	−0.145%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.07	−0.455%	$116K	$589K	20x	as long as short
dYdX TAO-USD	+0.0107%	1h	316.02	−0.156%	$127K	$86K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.11	−0.126%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0140%	4h	316.42	−0.029%	$542K	$887K	10x	as long as short
MEXC TAO_USDT	+0.0164%	4h	315.41	−0.347%	$103.6M	$151.4M	300x	as long as short
Binance TAOUSDT	+0.0164%	4h	315.71	−0.254%	$92.3M	$531.8M	75x	as long as short
edgeX TAOUSDClong	+0.0167%	4h	316.51	long leg	$42K	$320K	10x
Orderly PERP_TAO_USDC	+0.0199%	4h	315.85	−0.208%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERP	+0.0252%	8h	316.33	−0.058%	$14K	$876	10x	as long as short
Bullet TAO-USDshort	+0.0293%	1h	316.35	−0.052%	$12K	$17K	20x
ApeX Omni TAOUSDT	+0.0308%	1h	316.74	+0.073%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0324%	4h	315.70	−0.256%	$1.2M	$11.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0331%	1h	315.79	−0.228%	$15K	$1.9M	25x	as long as short
Pacifica TAO	+0.0349%	1h	316.44	−0.023%	$371K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0365% / S −0.0107%	1h	316.02	−0.154%	$371K	—	100x	as long as short
Extended TAO-USD	+0.0384%	1h	315.63	−0.279%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0404%	4h	315.64	−0.275%	$4.8M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.79	+0.089%	$100K	$377K	5x	as long as short
Nado TAO-PERP	+0.0561%	1h	316.47	−0.012%	$776K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0573%	1h	315.58	−0.294%	$93.1M	$109.9M	5x	as long as short
Phoenix TAO	+0.0578%	1h	316.50	−0.003%	$318K	$714K	5x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.039%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.10	+0.187%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	315.82	−0.216%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.30	−0.066%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0760%	4h	315.63	−0.278%	$69.5M	$156.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0788%	1h	315.69	−0.259%	$5.9M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0806%	1h	315.48	−0.325%	$315K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.60	+0.029%	$449K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.24	−0.085%	$1.2M	$7.2M	50x	as long as short
Phemex TAOUSDT	+0.1104%	4h	315.68	−0.262%	$3.2M	$8.2M	50x	as long as short
BingX TAO-USDT	+0.1210%	4h	315.50	−0.319%	—	$37.4M	—	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.706%	$23K	$2K	12x	as long as short