Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
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: Orderly against edgeX+0.686%49s7-day average +0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.059%−$6 on $10k
Price spread, last 3 days (all we have)−0.642%−$64 · spread now +0.686%, 7d avg +0.009%
Together, before fees−0.701%+ Points / potential airdropedgeX: Active · farm board−$70 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: Orderly is 0.677% dearer against edgeX than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TAOUSDC305.130.0100pay 0.0050% / 4h2h 23m$39K$276K10x
ShortOrderly PERP_TAO_USDC307.220.0100get 0.0050% / 4h2h 23m$59K$276K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$0
Price spread: +0.686% → +0.009%
$67.68
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Orderly: 3 bp × 2 orders
−$6
Net
$52.68
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: edgeX: live order book, 64 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 64 min ago6.41 bp10.9 bp −$1124.6 bp −$246doesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h307.80+0.876%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h307.76+0.864%$26K150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0007%1h307.32+0.720%$15K$1.3M25xas long as short
Popdex TAOUSDT+0.0096%1h308.15+0.991%$41K$526K20xas long as short
Pacifica TAO+0.0100%1h308.21+1.011%$364K$401K10xas long as short
Binance TAOUSDT+0.0100%4h308.12+0.981%$86.1M$403.8M75xas long as short
Bybit TAOUSDT+0.0100%4h308.22+1.014%$59.5M$118.3M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h308.10+0.975%$25.4M$93.4M50xas long as short
Arcus TAO-USD+0.0100%1h308.26+1.027%$137K$598K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.637%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h308.10+0.975%$12.3M$48.2M50xas long as short
MEXC TAO_USDT+0.0100%4h308.14+0.988%$114.5M$123.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h308.14+0.988%$18.6M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h308.07+0.965%$34.5M$44.5M50xas long as short
BingX TAO-USDT+0.0100%4h308.12+0.981%$30.4Mas long as short
Variational Omni TAO+0.0100%4h305.90+0.253%$3.6M$6.5Mas long as short
edgeX TAOUSDClong+0.0100%4h305.13long leg$39K$276K10x
GRVT TAO_USDT_Perp+0.0100%4h305.16+0.010%$535K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h304.90−0.074%$46K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h308.34+1.053%$78K$675K5xas long as short
Bullet TAO-USD+0.0100%1h308.06+0.962%$11K$18K20xas long as short
Orderly PERP_TAO_USDCshort+0.0100%4h307.22+0.686%$59K$276K10x
SunX TAO-USDT+0.0100%4h307.15+0.663%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.30+0.712%$121K$353K20xas long as short
Phemex TAOUSDT+0.0100%4h307.29+0.709%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h307.72+0.850%$169K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h308.21+1.011%$1K$437K5xas long as short
Paradex TAO-USD-PERP+0.0164%8h308.10+0.976%$14K$1K10xas long as short
Aster TAOUSDT+0.0166%4h308.07+0.965%$1.1M$7.5M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h307.80+0.876%$440K100xas long as short
Phoenix TAO+0.0234%1h307.30+0.712%$325K$462K5xas long as short
Nado TAO-PERP+0.0287%1h308.01+0.946%$842K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.84+0.562%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h308.54+1.119%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h308.25+1.023%$35420xas long as short
Extended TAO-USD+0.0696%1h308.11+0.978%$906K$2.0M25xas long as short
Lighter TAO+0.0920%1h308.52+1.114%$1.7M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h308.04+0.955%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1025%1h307.54+0.790%$6.3M$19.3M50xas long as short
RISEx TAO/USDC+0.1053%1h308.32+1.046%$415K$537K5xas long as short
Backpack TAO_USDC_PERP+0.1135%1h307.53+0.788%$444K$715K10xas long as short
Hyperliquid TAO+0.1742%1h308.74+1.184%$94.5M$75.7M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96+0.273%$22K$17112xas long as short