Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: edgeX against GRVT−0.010%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.010%, 7d avg +0.006%

Together, before fees−0.035%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	305.16	0.0100	pay 0.0050% / 4h	2h 23m	$535K	$967K	10x
Short	edgeX TAOUSDC	305.13	0.0100	get 0.0050% / 4h	2h 23m	$39K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.006%: −$1.56
Slippage, 4 orders: −$27.09
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.65
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from GRVT: live order book, 64 min ago; edgeX: live order book, 64 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, 64 min ago	2.08 bp	11.4 bp −$11	22.9 bp −$229	doesn't fit	doesn't fit
Sell edgeX live order book, 64 min ago	6.41 bp	10.9 bp −$11	26.1 bp −$261	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
dYdX TAO-USD	0.0000%	1h	307.80	+0.866%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.77	+0.857%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.76	+0.854%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.15	+0.981%	$41K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.21	+1.001%	$364K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.41	+0.737%	$85.9M	$403.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.06	+0.951%	$59.5M	$118.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.00	+0.932%	$25.4M	$93.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.26	+1.017%	$137K	$598K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.627%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	308.10	+0.965%	$12.3M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.14	+0.978%	$114.5M	$123.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.14	+0.978%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.64	+0.814%	$34.4M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.94	+0.912%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	+0.243%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	305.13	−0.010%	$39K	$276K	10x
GRVT TAO_USDT_Perplong	+0.0100%	4h	305.16	long leg	$535K	$967K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.084%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.34	+1.043%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.06	+0.952%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.87	+0.889%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.76	+0.853%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.88	+0.892%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.36	+0.722%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.00	+0.933%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	308.21	+1.001%	$1K	$437K	5x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	308.10	+0.966%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	307.96	+0.918%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.80	+0.866%	$440K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.30	+0.702%	$325K	$462K	5x	as long as short
Nado TAO-PERP	+0.0287%	1h	308.01	+0.936%	$842K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.69	+0.830%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	308.54	+1.109%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.25	+1.013%	$354	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	307.74	+0.846%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	307.85	+0.882%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.04	+0.945%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.72	+0.840%	$6.3M	$19.3M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.32	+1.036%	$415K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1135%	1h	307.53	+0.778%	$444K	$715K	10x	as long as short
Hyperliquid TAO	+0.1742%	1h	308.74	+1.174%	$94.5M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	+0.263%	$22K	$171	12x	as long as short