Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against edgeX+0.080%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.347%−$35 · spread now +0.080%, 7d avg −0.023%

Together, before fees−0.346%+ Points / potential airdropedgeX: Active · farm board−$35 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: OKX is 0.103% dearer against edgeX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	318.35	0.0100	pay 0.0050% / 4h	2h 13m	$42K	$317K	10x
Short	OKX TAO-USDT-SWAP	318.60	0.0100	get 0.0100% / 8h	2h 13m	$26.7M	$125.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → −0.023%: $10.34
Slippage, 4 orders: −$21.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.99
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from edgeX: live order book, 35 min ago; OKX: live order book, 6 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, 35 min ago	6.37 bp	10.9 bp −$11	24.5 bp −$245	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.57 bp	10.4 bp −$10	18.0 bp −$180	77.8 bp −$7,782	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	−0.0038%	1h	313.74	−1.447%	$167K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.97	+0.197%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0033%	1h	318.94	+0.188%	$127K	$85K	5x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	318.60	+0.080%	$26.7M	$125.4M	50x
Gate TAO_USDT	+0.0100%	4h	318.80	+0.143%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.08	+0.231%	$17.6M	$31.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.54	+0.061%	$35.9M	$57.4M	50x	as long as short
edgeX TAOUSDClong	+0.0100%	4h	318.35	long leg	$42K	$317K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	319.22	+0.275%	$91K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.01	+0.209%	$2K	$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	318.94	+0.187%	$116K	$565K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.89	+0.171%	$3.2M	$8.1M	50x	as long as short
MEXC TAO_USDT	+0.0104%	4h	319.25	+0.284%	$100.9M	$148.0M	300x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.51	+0.365%	$175K	$998	3x	as long as short
Binance TAOUSDT	+0.0104%	4h	318.88	+0.168%	$91.5M	$513.1M	75x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	319.08	+0.231%	$2K	$945K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	319.23	+0.278%	$53K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0127% / S +0.0142%	1h	318.93	+0.184%	$427K	—	100x	as long as short
Popdex TAOUSDT	+0.0128%	1h	319.40	+0.331%	$54K	$671K	20x	as long as short
Pacifica TAO	+0.0233%	1h	319.34	+0.312%	$364K	$420K	10x	as long as short
Aster TAOUSDT	+0.0265%	4h	318.99	+0.203%	$1.3M	$10.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0280%	8h	319.67	+0.417%	$15K	$1K	10x	as long as short
Nado TAO-PERP	+0.0282%	1h	319.46	+0.349%	$803K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0298%	1h	319.35	+0.315%	$6.0M	$21.6M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	319.38	+0.325%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0344%	4h	319.43	+0.341%	$3.7M	$11.0M	100x	as long as short
Bybit TAOUSDT	+0.0384%	4h	318.91	+0.177%	$69.8M	$153.7M	50x	as long as short
BingX TAO-USDT	+0.0400%	4h	318.84	+0.155%	—	$33.8M	—	as long as short
GRVT TAO_USDT_Perp	+0.0436%	4h	318.55	+0.065%	$545K	$935K	10x	as long as short
Variational Omni TAO	+0.0467%	4h	317.98	−0.114%	$5.6M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	319.72	+0.432%	$103K	$345K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0500%	1h	319.26	+0.289%	$15K	$1.8M	25x	as long as short
ApeX Omni TAOUSDT	+0.0504%	1h	318.01	−0.105%	$45K	$256K	50x	as long as short
Extended TAO-USD	+0.0504%	1h	319.15	+0.253%	$906K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	318.90	+0.174%	$317K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	319.20	+0.270%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	319.73	+0.435%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0807%	1h	319.28	+0.294%	$93.7M	$109.5M	5x	as long as short
Lighter TAO	+0.0816%	1h	319.41	+0.334%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0839%	1h	319.20	+0.268%	$316K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	319.97	+0.510%	$1.5M	$7.0M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	319.34	+0.311%	$461K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	322.94	+1.443%	$23K	$2K	12x	as long as short