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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0296%/8h= −32.4% APRnext payment $0.37 per $10,000 · paid last 24h −0.078%
Price spread now: Aevo against Extended+0.038%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1791.787% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.110%−$11 on $10k
Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.038%, 7d avg +0.079%
Together, before fees+0.035%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aevo is 0.042% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD317.980.0416pay 0.0052% / 1h17m 50s$889K$2.3M25x
ShortAevo TAO-PERP318.100.0120get 0.0015% / 1h17m 50s$175K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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
−$62.16
Price spread: +0.038% → +0.079%
−$4.16
Slippage, 4 orders
−$157.7
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$245.02
Costs to cover
1.787%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Aevo: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 1 min ago1.26 bp5.7 bp −$67.7 bp −$77doesn't fitdoesn't fit
Sell Aevo live order book, 11 min ago52.50 bp79.4 bp −$79doesn't fitdoesn't fitdoesn't fit

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
Bulk TAO-USD−0.0269%1h313.94−1.269%$167K$010xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h317.54−0.136%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h318.29+0.099%$49K$697K20xas long as short
Bybit TAOUSDT+0.0100%4h318.26+0.090%$69.6M$154.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.10+0.039%$26.4M$129.6M50xas long as short
Gate TAO_USDT+0.0100%4h317.80−0.055%$15.1M$50.2M50xas long as short
KuCoin TAOUSDTM+0.0100%4h318.20+0.071%$17.6M$32.3M75xas long as short
Bitget TAOUSDT+0.0100%4h317.92−0.017%$35.8M$56.9M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.90−0.024%$88K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h317.88−0.030%$1K$1.9M20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h318.33+0.112%$115K$573K20xas long as short
Phemex TAOUSDT+0.0100%4h317.69−0.090%$3.2M$8.1M50xas long as short
Aevo TAO-PERPshort+0.0120%1h318.10+0.038%$175K$9983x
Katana Perps TAO-USD+0.0126%8h318.38+0.127%$1K$1.2M5xas long as short
BingX TAO-USDT+0.0152%4h318.06+0.027%$38.8Mas long as short
edgeX TAOUSDC+0.0153%4h319.28+0.409%$42K$321K10xas long as short
MEXC TAO_USDT+0.0164%4h318.20+0.071%$111.1M$153.8M300xas long as short
Binance TAOUSDT+0.0165%4h318.26+0.090%$92.7M$520.2M75xas long as short
Orderly PERP_TAO_USDC+0.0237%4h318.15+0.055%$54K$272K10xas long as short
Paradex TAO-USD-PERP+0.0241%8h318.27+0.092%$14K$87610xas long as short
ApeX Omni TAOUSDT+0.0293%1h319.06+0.341%$45K$254K50xas long as short
Bullet TAO-USD+0.0294%1h318.08+0.033%$12K$17K20xas long as short
dYdX TAO-USD+0.0304%1h317.62−0.112%$128K$87K5xas long as short
Aster TAOUSDT+0.0332%4h318.12+0.045%$1.3M$11.1M50xas long as short
Pacifica TAO+0.0349%1h318.49+0.161%$361K$437K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0366% / S −0.0109%1h317.61−0.115%$377K100xas long as short
GRVT TAO_USDT_Perp+0.0370%4h319.29+0.414%$541K$838K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0404%1h318.04+0.022%$9K$1.8M25xas long as short
Arcus TAO-USD+0.0404%1h318.78+0.253%$100K$343K5xas long as short
BloFin TAO-USDT+0.0406%4h318.98+0.316%$4.8M$10.9M100xas long as short
Extended TAO-USDlong+0.0416%1h317.98long leg$889K$2.3M25x
Nado TAO-PERP+0.0462%1h318.31+0.106%$772K$1.9M10xas long as short
Phoenix TAO+0.0578%1h319.20+0.385%$321K$714K5xas long as short
Hyperliquid TAO+0.0592%1h318.35+0.119%$94.5M$109.4M5xas long as short
Variational Omni TAO+0.0616%4h319.30+0.416%$5.6M$10.0Mas long as short
01 Exchange TAOUSD+0.0648%1h318.98+0.316%$3K$4K5xas long as short
Lighter TAO+0.0656%1h318.36+0.122%$1.6M$6.7M5xas long as short
Reya TAORUSDPERP+0.0699%1h318.08+0.034%$36620xas long as short
Backpack TAO_USDC_PERP+0.0741%1h318.15+0.055%$315K$1.0M10xas long as short
Kraken Futures PF_TAOUSD+0.0783%1h318.06+0.025%$6.1M$21.2M50xas long as short
RISEx TAO/USDC+0.0840%1h318.23+0.079%$452K$706K5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h319.66+0.530%$1.1M$7.5M50xas long as short
Injective TAO/USDC PERP+0.3512%1h317.77−0.065%$23K$2K12xas long as short