Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against edgeX+0.786%52s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.425% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)−1.299%−$130 · spread now +0.786%, 7d avg −0.008%

Together, before fees−1.212%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$121 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: Pacifica is 0.794% dearer against edgeX than usual: you sell high and buy low, +$79 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	305.09	0.0100	pay 0.0050% / 4h	2h 34m	$39K	$276K	10x
Short	Pacifica TAO	307.48	0.0100	get 0.0013% / 1h	34m 00s	$363K	$400K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.786%Rate

Funding earned: $0
Price spread: +0.786% → −0.008%: $79.36
Slippage, 4 orders: −$25.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $36.87
Costs to cover: 0.425%
Break-even: from the start

Slippage from edgeX: live order book, 53 min ago; Pacifica: live order book, 54 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, 53 min ago	6.41 bp	10.9 bp −$11	24.6 bp −$246	doesn't fit	doesn't fit
Sell Pacifica live order book, 54 min ago	2.40 bp	10.6 bp −$11	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	307.25	+0.709%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.46	+0.777%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.51	+0.795%	$41K	$526K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	307.48	+0.786%	$363K	$400K	10x
Binance TAOUSDT	+0.0100%	4h	307.23	+0.703%	$86.2M	$401.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.34	+0.739%	$59.2M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.30	+0.726%	$25.1M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.62	+0.831%	$137K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.10	+0.660%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.10	+0.660%	$113.1M	$122.7M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.07	+0.650%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.95	+0.611%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.25	+0.709%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	+0.224%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	305.09	long leg	$39K	$276K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	305.96	+0.285%	$536K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	+0.182%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.61	+0.828%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.46	+0.778%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.15	+0.677%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.36	+0.745%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.16	+0.680%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.44	+0.772%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.63	+0.834%	$879	$428K	5x	as long as short
Polymarket Perps TAO-USD	+0.0127%	1h	307.61	+0.827%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0140%	4h	307.14	+0.673%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0167%	8h	307.51	+0.795%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.46	+0.778%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0189%	1h	307.41	+0.763%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	+0.365%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0251%	1h	307.53	+0.802%	$852K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.55	+0.480%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	308.12	+0.995%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.090%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.52	+0.799%	$354	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.11	+0.662%	$877K	$1.9M	25x	as long as short
Lighter TAO	+0.0888%	1h	307.80	+0.888%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.40	+0.759%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.54	+0.805%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.73	+0.866%	$412K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1295%	1h	307.71	+0.860%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1674%	1h	307.93	+0.932%	$93.8M	$75.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+1.158%	$22K	$138	12x	as long as short