Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.065%

Price spread now: Extended against edgeX−0.058%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.511%−$51 · spread now −0.058%, 7d avg −0.045%

Together, before fees−0.345%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	314.50	0.0100	pay 0.0050% / 4h	3h 55m	$42K	$312K	10x
Short	Extended TAO-USD	314.32	0.0192	get 0.0024% / 1h	55m 17s	$918K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.058%Rate

Funding earned: $19.32
Price spread: −0.058% → −0.045%: −$1.36
Slippage, 4 orders: −$20.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.47
Costs to cover: 0.344%
Break-even: 13.0 days

Slippage from edgeX: live order book, 63 min ago; Extended: live order book, 3 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, 63 min ago	6.36 bp	10.9 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	3.49 bp	6.5 bp −$6	9.2 bp −$92	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	−0.0345%	1h	314.47	−0.010%	$5.5M	$20.6M	50x	as long as short
Gate TAO_USDT	−0.0126%	4h	314.30	−0.065%	$13.1M	$49.2M	50x	as long as short
Popdex TAOUSDT	−0.0032%	1h	314.70	+0.062%	$43K	$653K	20x	as long as short
dYdX TAO-USD	0.0000%	1h	314.25	−0.082%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.40	−0.033%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.50	−0.001%	$2K	$805K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.12	−0.123%	$358K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.55	+0.014%	$90.8M	$495.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.64	+0.043%	$67.7M	$149.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.001%	$26.0M	$120.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	+0.0100%	1h	314.80	+0.094%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.55	+0.014%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.43	−0.024%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.21	−0.094%	$35.1M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.52	+0.005%	—	$33.0M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	314.50	long leg	$42K	$312K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	−0.276%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.57	+0.021%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.63	+0.040%	$78K	$863K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.79	+0.091%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.26	−0.078%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.11	−0.125%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.68	+0.056%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.24	−0.085%	$173K	$998	3x	as long as short
Hyperliquid TAO	+0.0116%	1h	314.71	+0.065%	$92.4M	$106.9M	5x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.44	−0.021%	$52K	$271K	10x	as long as short
Aster TAOUSDT	+0.0131%	4h	314.50	−0.001%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	314.55	+0.014%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	313.92	−0.185%	$14K	$1K	10x	as long as short
Extended TAO-USDshort	+0.0192%	1h	314.32	−0.058%	$918K	$2.4M	25x
Nado TAO-PERP	+0.0216%	1h	314.72	+0.068%	$799K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.76	+0.081%	$101K	$441K	5x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	314.79	+0.091%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.51	+0.002%	$4.6M	$10.8M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0349%	1h	314.66	+0.049%	$313K	$914K	10x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	−0.256%	$5.6M	$9.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0366%	1h	314.59	+0.026%	$22K	$1.7M	25x	as long as short
Lighter TAO	+0.0392%	1h	314.80	+0.093%	$1.5M	$6.4M	5x	as long as short
Phoenix TAO	+0.0581%	1h	313.60	−0.288%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.71	+0.065%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	314.68	+0.054%	$435K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.04	−0.148%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.006%	$23K	$2K	12x	as long as short