Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: ApeX Omni against GRVT+0.242%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)−0.195%−$20 · spread now +0.242%, 7d avg +0.033%

Together, before fees−0.142%+ Points / potential airdropGRVT: Active · farm board−$14 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: ApeX Omni is 0.209% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	302.72	0.0100	pay 0.0050% / 4h	1h 28m	$501K	$967K	10x
Short	ApeX Omni TAOUSDT	303.45	0.0100	get 0.0013% / 1h	28m 48s	$46K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now +0.242%Rate

Funding earned: $0
Price spread: +0.242% → +0.033%: $20.94
Slippage, 4 orders: −$25.22
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.28
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from GRVT: live order book, 54 min ago; ApeX Omni: live order book, 53 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 GRVT live order book, 54 min ago	1.47 bp	9.9 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	4.86 bp	12.5 bp −$13	124.1 bp −$1,241	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.65	+0.307%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0021%	1h	303.56	+0.279%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.76	+0.344%	$45K	$538K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.94	+0.403%	$85.0M	$413.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.15	+0.473%	$58.8M	$121.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.00	+0.424%	$24.4M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.10	+0.457%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	+0.218%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.60	+0.292%	$12.1M	$48.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.80	+0.358%	$111.1M	$125.2M	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	303.64	+0.305%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.83	+0.368%	$33.9M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.96	+0.410%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	+0.353%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	+0.182%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perplong	+0.0100%	4h	302.72	long leg	$501K	$967K	10x
ApeX Omni TAOUSDTshort	+0.0100%	1h	303.45	+0.242%	$46K	$269K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	303.97	+0.414%	$74K	$595K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.93	+0.401%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.85	+0.374%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.55	+0.275%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.93	+0.401%	$122K	$364K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.87	+0.381%	$3.2M	$7.9M	50x	as long as short
Aster TAOUSDT	+0.0102%	4h	303.94	+0.404%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.97	+0.414%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.60	+0.292%	$621	$496K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.77	+0.348%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.89	+0.386%	$359K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.66	+0.311%	$433K	—	100x	as long as short
Nado TAO-PERP	+0.0333%	1h	303.91	+0.393%	$820K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.93	+0.401%	$4.2M	$9.4M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0352%	1h	303.98	+0.416%	$22K	$1.4M	25x	as long as short
Lighter TAO	+0.0384%	1h	304.16	+0.478%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	303.94	+0.404%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0444%	1h	304.01	+0.427%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.50	+0.259%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.77	+0.349%	$349	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	303.74	+0.337%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.73	+0.334%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.81	+0.361%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1057%	1h	304.38	+0.549%	$92.4M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.93	+0.400%	$411K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.986%	$22K	$264	12x	as long as short