Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h 0.000%

Price spread now: edgeX against Katana Perps−0.013%7-day average −0.003% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 3 days (all we have)+0.449%+$45 · spread now −0.013%, 7d avg −0.003%

Together, before fees+0.305%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	305.98	0.0110	pay 0.0110% / 8h	1h 14m	$626	$506K	5x
Short	edgeX TAOUSDC	305.94	0.0100	get 0.0050% / 4h	1h 14m	$40K	$280K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Katana Perps. 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 Katana PerpsbpFee edgeXbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$2.11
Price spread: −0.013% → −0.003%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$15.92
Costs to cover: 0.128%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; edgeX: live order book, 3 min ago. Net counts fees only.

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 Katana Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	6.54 bp	11.1 bp −$11	26.0 bp −$260	doesn't fit	doesn't fit

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	305.64	−0.112%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	305.66	−0.105%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.98	0.000%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.74	−0.078%	$85.5M	$414.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.86	−0.039%	$59.3M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.80	−0.059%	$24.6M	$95.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.13	+0.049%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.049%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.70	−0.092%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.84	−0.046%	$113.7M	$125.8M	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	305.97	−0.003%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.64	−0.111%	$34.1M	$45.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.69	−0.095%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.070%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	305.94	−0.013%	$40K	$280K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	305.70	−0.091%	$505K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.91	−0.023%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.00	+0.007%	$75K	$556K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.84	−0.046%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.72	−0.085%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.73	−0.082%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.93	−0.016%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.86	−0.039%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.88	−0.031%	$168K	$998	3x	as long as short
Katana Perps TAO-USDlong	+0.0110%	8h	305.98	long leg	$626	$506K	5x
Aster TAOUSDT	+0.0119%	4h	305.81	−0.057%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	305.83	−0.049%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.01	+0.010%	$362K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.58	−0.130%	$436K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0275%	1h	305.79	−0.062%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0322%	1h	305.88	−0.032%	$825K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.68	−0.098%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	306.20	+0.074%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.13	+0.049%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0451%	1h	306.15	+0.056%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.20	+0.072%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.76	−0.072%	$352	—	20x	as long as short
Extended TAO-USD	+0.0736%	1h	305.71	−0.087%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.04	+0.020%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.95	−0.009%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1086%	1h	306.50	+0.170%	$93.3M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.10	+0.038%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.899%	$22K	$264	12x	as long as short