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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h +0.060%
Price spread now: BloFin against Extended−0.120%74s7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$280.284% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.338%+$34 on $10k
Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.120%, 7d avg +0.061%
Together, before fees+0.569%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BloFin is 0.181% cheaper against Extended than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.338%, so the current rate has only just turned against you. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD308.060.0704pay 0.0088% / 1h21m 56s$906K$2.0M25x
ShortBloFin TAO-USDT307.690.0340get 0.0170% / 4h2h 21m$4.3M$9.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$76.44
Price spread: −0.120% → +0.061%
−$18.1
Slippage, 4 orders
−$11.42
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$122.96
Costs to cover
0.284%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago0.32 bp5.7 bp −$67.7 bp −$77doesn't fitdoesn't fit
Sell BloFin live order book, 7 min ago0.33 bp8.0 bp −$814.6 bp −$14637.3 bp −$3,734doesn'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
dYdX TAO-USD0.0000%1h306.98−0.349%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h307.58−0.156%$26K150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0065%1h307.79−0.089%$15K$1.3M25xas long as short
Popdex TAOUSDT+0.0096%1h307.31−0.244%$41K$530K20xas long as short
Pacifica TAO+0.0100%1h307.16−0.294%$363K$401K10xas long as short
Binance TAOUSDT+0.0100%4h308.39+0.107%$86.1M$404.1M75xas long as short
Bybit TAOUSDT+0.0100%4h308.73+0.217%$59.6M$118.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h308.70+0.208%$25.4M$93.6M50xas long as short
Arcus TAO-USD+0.0100%1h307.57−0.159%$137K$598K5xas long as short
Bulk TAO-USD+0.0100%1h307.07−0.322%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h308.20+0.045%$12.2M$48.2M50xas long as short
MEXC TAO_USDT+0.0100%4h308.29+0.074%$114.7M$124.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h308.07+0.003%$18.6M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h308.60+0.175%$34.5M$44.5M50xas long as short
BingX TAO-USDT+0.0100%4h308.18+0.039%$30.4Mas long as short
Variational Omni TAO+0.0100%4h305.90−0.702%$3.6M$6.5Mas long as short
edgeX TAOUSDC+0.0100%4h305.13−0.953%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.16−0.943%$535K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h304.90−1.026%$46K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h307.62−0.143%$78K$675K5xas long as short
Bullet TAO-USD+0.0100%1h307.59−0.152%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h307.72−0.111%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h307.60−0.149%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.77−0.094%$121K$353K20xas long as short
Phemex TAOUSDT+0.0100%4h307.46−0.195%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h307.87−0.063%$169K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h307.46−0.195%$879$438K5xas long as short
Paradex TAO-USD-PERP+0.0163%8h307.04−0.332%$14K$1K10xas long as short
Aster TAOUSDT+0.0166%4h308.33+0.088%$1.1M$7.5M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h307.54−0.168%$439K100xas long as short
Phoenix TAO+0.0234%1h307.30−0.247%$325K$462K5xas long as short
Nado TAO-PERP+0.0296%1h307.37−0.225%$843K$1.9M10xas long as short
BloFin TAO-USDTshort+0.0340%4h307.69−0.120%$4.3M$9.4M100x
01 Exchange TAOUSD+0.0520%1h307.64−0.137%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h307.54−0.168%$35420xas long as short
Extended TAO-USDlong+0.0704%1h308.06long leg$906K$2.0M25x
Lighter TAO+0.0920%1h308.31+0.081%$1.7M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h308.55+0.159%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1024%1h307.99−0.022%$6.3M$19.2M50xas long as short
RISEx TAO/USDC+0.1053%1h307.57−0.158%$414K$537K5xas long as short
Backpack TAO_USDC_PERP+0.1094%1h308.20+0.045%$445K$715K10xas long as short
Hyperliquid TAO+0.1746%1h308.87+0.263%$94.5M$75.7M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96−0.682%$22K$17112xas long as short