Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: MEXC against GRVT+0.399%52s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.276% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)−0.565%−$57 · spread now +0.399%, 7d avg −0.021%

Together, before fees−0.591%+ Points / potential airdropGRVT: Active · farm board−$59 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: MEXC is 0.420% dearer against GRVT than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	315.81	0.0100	pay 0.0050% / 4h	3h 06m	$523K	$958K	10x
Short	MEXC TAO_USDT	317.07	0.0100	get 0.0050% / 4h	3h 06m	$99.7M	$136.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.399%Rate

Funding earned: $0
Price spread: +0.399% → −0.021%: $42
Slippage, 4 orders: −$18.59
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $14.41
Costs to cover: 0.276%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; MEXC: live order book, 3 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, 2 min ago	1.42 bp	11.4 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.63 bp	2.2 bp −$2	14.5 bp −$145	35.6 bp −$3,556	101.5 bp −$50.8K

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
Bulk TAO-USD	−0.1228%	1h	316.14	+0.104%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.00	+0.377%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.76	+0.302%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.20	+0.440%	$43K	$603K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.15	+0.424%	$90.9M	$450.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	+0.440%	$25.8M	$109.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	+0.377%	$12.9M	$51.2M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	317.07	+0.399%	$99.7M	$136.7M	300x
KuCoin TAOUSDTM	+0.0100%	4h	317.17	+0.431%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.88	+0.339%	$35.2M	$51.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.12	+0.097%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perplong	+0.0100%	4h	315.81	long leg	$523K	$958K	10x
Orderly PERP_TAO_USDC	+0.0100%	4h	317.90	+0.662%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.70	+0.282%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.76	+0.617%	$127K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.76	+0.617%	$3.4M	$7.8M	50x	as long as short
Bullet TAO-USD	+0.0102%	1h	316.93	+0.356%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.42	+0.511%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0124%	8h	317.07	+0.399%	$1K	$644K	5x	as long as short
ApeX Omni TAOUSDT	+0.0154%	1h	316.14	+0.104%	$48K	$267K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.66	+0.271%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.39	+0.500%	$376K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.39	+0.500%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0207%	4h	317.07	+0.399%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	317.05	+0.394%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0267%	1h	317.17	+0.431%	$93K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0292%	1h	317.77	+0.620%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.23	+0.766%	$4.5M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	317.90	+0.661%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.20	+0.123%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.359%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	317.25	+0.456%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	316.59	+0.247%	$23K	$902	12x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.81	+0.317%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	317.10	+0.408%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0705%	4h	317.36	+0.491%	$65.3M	$133.5M	50x	as long as short
Nado TAO-PERP	+0.0749%	1h	317.24	+0.452%	$873K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	318.28	+0.782%	$322K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.23	+0.450%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	316.89	+0.343%	$884K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.24	+0.451%	$421K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	317.65	+0.582%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1785%	1h	317.61	+0.570%	$101.6M	$91.6M	5x	as long as short