Funding arb · Price arb / Crypto

TAO

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LONGedgeX▾Kraken Futures −0.0996%ApeX Omni −0.0775%Deribit −0.0534%OKX −0.0514%Lighter −0.0488%Gate −0.0450%edgeX −0.0412%MEXC −0.0410%Binance −0.0406%GRVT −0.0320%Nado −0.0315%N1 −0.0264%Paradex −0.0253%Bybit −0.0200%BloFin −0.0172%RISEx −0.0159%Bitget −0.0108%Phoenix −0.0105%KuCoin −0.0104%Orderly −0.0085%BingX −0.0076%AZverse −0.0066%Aevo −0.0024%dYdX 0.0000%Variational Omni +0.0012%Phemex +0.0056%GMX +0.0071%Bullet +0.0095%Popdex +0.0096%Katana Perps +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Arcus +0.0100%Backpack +0.0100%Polymarket Perps +0.0100%SunX +0.0100%HTX +0.0100%Extended +0.0104%Avantis +0.0237%gTrade (Gains Network) +0.0295%Injective +0.0589%

⇄⇅

SHORTTxFlow▾Injective +0.0589%TxFlow +0.0128%gTrade (Gains Network) −0.0127%Extended +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Arcus +0.0100%Backpack +0.0100%Polymarket Perps +0.0100%SunX +0.0100%HTX +0.0100%Katana Perps +0.0100%Popdex +0.0096%Bullet +0.0095%Phemex +0.0056%Variational Omni +0.0012%dYdX 0.0000%Aevo −0.0024%Avantis +0.0039%AZverse −0.0066%BingX −0.0076%Orderly −0.0085%KuCoin −0.0104%Phoenix −0.0105%Bitget −0.0108%GMX +0.0143%RISEx −0.0159%BloFin −0.0172%Bybit −0.0200%Paradex −0.0253%N1 −0.0264%Nado −0.0315%GRVT −0.0320%Binance −0.0406%MEXC −0.0410%Gate −0.0450%Lighter −0.0488%OKX −0.0514%Deribit −0.0534%ApeX Omni −0.0775%Kraken Futures −0.0996%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXTAOUSDC	227.88	−0.0412	get 0.0206% / 4h	2h 09m	$26K	$241K	10x	Long edgeX
SHORT	TxFlowTAO-USDC	228.59	+0.0128	get 0.0016% / 1h	9m 18s	$736K	$1.2M	50x	Short TxFlow5% off

Price gap+0.313%

Funding gap+0.0540% /8h

Both sides work: funding pays +$16 a day on $10k, and the gap is 0.308% above its 7d average: +$31 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.043% in total, about +0.0020%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.313%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

edgeXTxFlow

TAO on 43 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• !
  Watch: Large against open interest12.0 / 7.3 bp

  $10k is over 10% of edgeX’s open interest.
• i
  Note: Margin at max leverage$1,000 + $200

  edgeX 10x, TxFlow 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long edgeX · 4h+$12.35

  Short TxFlow · 1h+$3.85

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$16.21Long edgeX: 6 payments, +$12.35; short TxFlow: 24 payments, +$3.85.
• ✓
  OK: Entry gap works for you+0.313% vs +0.005%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$26K vs $736K OI

  edgeX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legedgeX points · TxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legedgeX No · TxFlow No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0020%/8h × 21 periods+$4.27

Price spread+0.313% → +0.005% (7d avg)+$30.83

Slippage, 4 orderslive order books−$20.34

Fee edgeX bp × 2 orders−$9.00

Fee TxFlow bp × 2 orders−$9.00

Net · 7 days · $10k−$3.24

Costs to cover0.383%Break-even12.3 days

Slippage: edgeX: live order book, 12 min ago; TxFlow: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGedgeX6.5312.0 bp−$1234.2 bp−$342doesn’t fitdoesn’t fit

SELL · SHORTTxFlow1.107.3 bp−$716.4 bp−$16475.3 bp−$7,535doesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

TAO news

posts that mention TAO, from every exchangeSearch all news →

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10-14 10:00	HTX	Other	Earn up to 30% APY on Flexible Earn! ORCA, TAO, 4STOCK, MONAD & LIT Limited-time subsidies. Don’t miss out! @HTX_Global on X ↗
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗
10-08 17:48	OKX	Other	Europe, your next X Drops are here. LIT, SOL, XRP, NEAR, SUI, ADA, ZEC, HYPE, DOGE, and TAO are in, with 54,000 $LIT up for grabs. Trade @Lighter_xyz for 3× rewards. @okx on X ↗