Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0595%/8h= +65.1% APRpaid last 24h +0.177%

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

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

Long on edgeX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.045% cheaper against edgeX than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	306.18	0.0100	pay 0.0050% / 4h	1h 19m	$40K	$279K	10x
Short	Reya TAORUSDPERP	306.04	0.0695	get 0.0087% / 1h	19m 24s	$352	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.045%Rate

Funding earned: $124.88
Price spread: −0.045% → 0.000%: −$4.5
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $105.39
Costs to cover: 0.150%
Break-even: 1.1 days

Slippage unknown: edgeX: live order book, 63 min ago; Reya: 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, 63 min ago	6.50 bp	11.0 bp −$11	26.7 bp −$267	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	305.94	−0.078%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0016%	1h	306.13	−0.016%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.15	−0.010%	$44K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.05	−0.043%	$85.6M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.18	0.000%	$59.2M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.90	−0.092%	$24.6M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.34	+0.052%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.114%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.00	−0.059%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.14	−0.013%	$113.8M	$125.7M	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	306.12	−0.020%	$18.3M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.74	−0.144%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.04	−0.046%	—	$30.4M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	306.18	long leg	$40K	$279K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	306.70	+0.171%	$507K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.22	+0.013%	$75K	$566K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.15	−0.010%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.92	−0.085%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.88	−0.098%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.36	+0.059%	$122K	$367K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.15	−0.010%	$3.2M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.010%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	306.11	−0.025%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	−0.070%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	306.09	−0.029%	$1K	$506K	5x	as long as short
Aster TAOUSDT	+0.0126%	4h	306.09	−0.029%	$1.1M	$7.7M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0148%	1h	305.98	−0.064%	$19K	$1.4M	25x	as long as short
Paradex TAO-USD-PERP	+0.0157%	8h	306.14	−0.014%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.23	+0.018%	$362K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.96	−0.073%	$437K	—	100x	as long as short
Nado TAO-PERP	+0.0315%	1h	306.10	−0.027%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.02	+0.274%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0408%	1h	306.23	+0.017%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	306.31	+0.042%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0464%	1h	306.38	+0.065%	$295K	$799K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.137%	$321K	$491K	5x	as long as short
Reya TAORUSDPERPshort	+0.0695%	1h	306.04	−0.045%	$352	—	20x
Extended TAO-USD	+0.0792%	1h	305.95	−0.076%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.01	+0.271%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	306.26	+0.027%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1077%	1h	306.56	+0.124%	$93.3M	$80.6M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.23	+0.015%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.833%	$22K	$264	12x	as long as short