Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.001%

Price spread now: Katana Perps against edgeX−0.138%7-day average +0.021% · you buy dearer than you sell

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

Long on edgeX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.297%−$30 · spread now −0.138%, 7d avg +0.021%

Together, before fees−0.153%+ Points / potential airdropedgeX: Active · farm board−$15 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: Katana Perps is 0.158% cheaper against edgeX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	312.34	0.0100	pay 0.0050% / 4h	3h 29m	$41K	$314K	10x
Short	Katana Perps TAO-USD	311.91	0.0098	get 0.0098% / 8h	3h 29m	$638	$830K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$0.32
Price spread: −0.138% → +0.021%: −$15.85
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$28.97
Costs to cover: 0.128%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 24 min ago; Katana Perps: 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, 24 min ago	4.77 bp	9.3 bp −$9	24.3 bp −$243	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.49	+0.047%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.40	+0.019%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0016%	1h	311.94	−0.129%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.11	−0.074%	$46K	$656K	20x	as long as short
Katana Perps TAO-USDshort	+0.0098%	8h	311.91	−0.138%	$638	$830K	5x
Pacifica TAO	+0.0100%	1h	312.24	−0.031%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.06	−0.090%	$89.4M	$499.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.16	−0.058%	$67.1M	$150.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.10	−0.077%	$26.0M	$120.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.90	−0.141%	$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	312.29	−0.016%	$102.3M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.19	−0.048%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.83	−0.163%	$34.9M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.10	−0.077%	—	$33.4M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	312.34	long leg	$41K	$314K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	−0.099%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.90	−0.141%	$78K	$897K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.68	+0.109%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.31	−0.010%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.13	−0.067%	$109K	$539K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.43	+0.029%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.62	+0.090%	$172K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.40	+0.021%	$531K	$956K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	312.49	+0.048%	$52K	$291K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	312.21	−0.043%	$1.3M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	312.35	+0.003%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	311.82	−0.168%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.44	+0.032%	$101K	$397K	5x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.022%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0280%	1h	312.02	−0.103%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.128%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.59	+0.080%	$4.5M	$10.8M	100x	as long as short
Nado TAO-PERP	+0.0341%	1h	312.25	−0.030%	$791K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0438%	1h	312.28	−0.019%	$91.8M	$107.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0445%	1h	312.63	+0.094%	$17K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	312.30	−0.013%	$311K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.21	−0.042%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0490%	1h	312.41	+0.022%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0568%	1h	312.45	+0.036%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.04	−0.097%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.14	−0.063%	$444K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	313.31	+0.310%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.701%	$23K	$2K	12x	as long as short