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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0126%/8h= +13.8% APRpaid last 24h +0.063%
Price spread now: Extended against Katana Perps+0.043%7-day average −0.070% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.064%−$6 on $10k
Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.043%, 7d avg −0.070%
Together, before fees−0.326%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.112% dearer against Katana Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.070%. Mind the row above: over the last 4 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps TAO-USD315.150.0098pay 0.0098% / 8h4h 24m$645$795K5x
ShortExtended TAO-USD315.280.0224get 0.0028% / 1h24m 25s$922K$2.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$26.52
Price spread: +0.043% → −0.070%
$11.24
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$28.96
Costs to cover
0.088%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; Extended: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell Extended live order book, 4 min ago3.00 bp7.3 bp −$710.0 bp −$100doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h315.28+0.042%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.32+0.054%$20K150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h315.02−0.042%$5.5M$20.7M50xas long as short
Popdex TAOUSDT+0.0096%1h315.50+0.111%$43K$668K20xas long as short
Katana Perps TAO-USDlong+0.0098%8h315.15long leg$645$795K5x
Binance TAOUSDT+0.0100%4h315.44+0.092%$91.1M$494.1M75xas long as short
Bybit TAOUSDT+0.0100%4h315.54+0.124%$68.1M$148.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.40+0.079%$26.0M$120.5M50xas long as short
Gate TAO_USDT+0.0100%4h315.20+0.016%$13.0M$50.0M50xas long as short
MEXC TAO_USDT+0.0100%4h315.37+0.070%$110.7M$144.0M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h315.27+0.038%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h315.24+0.029%$35.2M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h315.38+0.073%$32.9Mas long as short
edgeX TAOUSDC+0.0100%4h314.73−0.133%$42K$311K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.20−0.302%$520K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.96−0.060%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.26+0.035%$77K$859K5xas long as short
Bullet TAO-USD+0.0100%1h315.44+0.091%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h315.00−0.048%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.70−0.143%$110K$534K20xas long as short
Phemex TAOUSDT+0.0100%4h315.01−0.044%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.47+0.102%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0131%4h315.37+0.070%$57K$273K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0148% / S +0.0125%1h315.24+0.030%$420K100xas long as short
Paradex TAO-USD-PERP+0.0167%8h315.56+0.129%$14K$1K10xas long as short
Nado TAO-PERP+0.0191%1h315.41+0.082%$802K$2.2M10xas long as short
Aster TAOUSDT+0.0192%4h315.22+0.021%$1.2M$10.3M50xas long as short
Extended TAO-USDshort+0.0224%1h315.28+0.043%$922K$2.4M25x
Hyperliquid TAO+0.0256%1h315.63+0.152%$92.9M$106.4M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0277%1h315.18+0.011%$35K$1.7M25xas long as short
01 Exchange TAOUSD+0.0296%1h315.68+0.168%$3K$4K5xas long as short
Lighter TAO+0.0304%1h315.54+0.123%$1.5M$6.5M5xas long as short
BloFin TAO-USDT+0.0340%4h314.99−0.051%$4.5M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h315.65+0.159%$99K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0347%1h315.29+0.044%$316K$913K10xas long as short
Pacifica TAO+0.0365%1h315.32+0.054%$360K$412K10xas long as short
Variational Omni TAO+0.0526%4h314.38−0.245%$5.7M$9.9Mas long as short
Phoenix TAO+0.0581%1h316.30+0.365%$315K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h315.41+0.084%$36320xas long as short
Bulk TAO-USD+0.0933%1h314.34−0.257%$167K$2K10xas long as short
RISEx TAO/USDC+0.0991%1h315.51+0.116%$437K$650K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h314.58−0.181%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.174%$23K$2K12xas long as short