Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.086%

Price spread now: 01 Exchange against Katana Perps+0.140%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and 01 Exchange is 0.140% dearer against Katana Perps than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	314.97	0.0098	pay 0.0098% / 8h	4h 18m	$645	$799K	5x
Short	01 Exchange TAOUSD	315.41	0.0320	get 0.0040% / 1h	18m 24s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.140%Rate

Funding earned: $46.66
Price spread: +0.140% → 0.000%: $13.97
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $49.83
Costs to cover: 0.108%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—

Katana Perps and 01 Exchange: 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
dYdX TAO-USD	0.0000%	1h	314.84	−0.041%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.84	−0.041%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.28	+0.097%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.14	+0.054%	$43K	$668K	20x	as long as short
Katana Perps TAO-USDlong	+0.0098%	8h	314.97	long leg	$645	$799K	5x
Binance TAOUSDT	+0.0100%	4h	315.06	+0.027%	$90.9M	$494.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.18	+0.067%	$68.0M	$148.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	+0.041%	$26.0M	$120.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.054%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.98	+0.003%	$110.5M	$144.0M	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	314.87	−0.032%	$17.7M	$31.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.76	−0.067%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.06	+0.029%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.64	+0.213%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.78	+0.257%	$522K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.97	0.000%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.89	−0.025%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.05	+0.025%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.18	+0.067%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.91	−0.019%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.23	+0.083%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.36	+0.123%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.02	+0.016%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0126%	1h	314.86	−0.035%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	315.33	+0.114%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0189%	4h	315.11	+0.044%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	315.19	+0.071%	$922K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0204%	1h	315.29	+0.102%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0263%	1h	315.17	+0.063%	$92.7M	$106.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0312%	1h	315.28	+0.099%	$26K	$1.7M	25x	as long as short
01 Exchange TAOUSDshort	+0.0320%	1h	315.41	+0.140%	$3K	$4K	5x
Lighter TAO	+0.0328%	1h	315.37	+0.125%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.15	+0.057%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.49	+0.165%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	315.25	+0.089%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.14	+0.055%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	+0.101%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.168%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.92	−0.017%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.200%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.20	+0.075%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.17	+0.381%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.232%	$23K	$2K	12x	as long as short