Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against MEXC−0.013%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on MEXC Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.013%, 7d avg +0.043%

Together, before fees+0.090%+$9 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: Aevo is 0.057% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	319.60	0.0100	pay 0.0050% / 4h	3h 37m	$107.1M	$133.8M	300x
Short	Aevo TAO-PERP	319.56	0.0104	get 0.0013% / 1h	37m 23s	$175K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.013%Rate

Funding earned: $0.84
Price spread: −0.013% → +0.043%: −$5.65
Slippage, 4 orders: −$91.09
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$111.9
Costs to cover: 1.071%
Break-even: 939.5 days

Slippage from MEXC: live order book, 2 min ago; Aevo: live order book, 36 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 MEXC live order book, 2 min ago	1.42 bp	2.2 bp −$2	10.5 bp −$105	29.2 bp −$2,923	95.7 bp −$47.8K
Sell Aevo live order book, 36 min ago	34.18 bp	50.6 bp −$51	doesn't fit	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
Bulk TAO-USD	−0.1322%	1h	319.84	+0.075%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0808%	4h	319.48	−0.038%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.69	−0.597%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.23	−0.116%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.61	+0.003%	$43K	$585K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.56	−0.013%	$92.4M	$444.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	−0.031%	$26.2M	$108.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.20	−0.125%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	319.60	long leg	$107.1M	$133.8M	300x
KuCoin TAOUSDTM	+0.0100%	4h	319.37	−0.072%	$18.3M	$29.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	319.16	−0.138%	$35.6M	$49.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.437%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.963%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.21	−0.122%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.33	−0.084%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.27	−0.103%	$127K	$424K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	319.56	−0.013%	$175K	$998	3x
Katana Perps TAO-USD	+0.0125%	8h	319.45	−0.047%	$2K	$614K	5x	as long as short
Bullet TAO-USD	+0.0166%	1h	319.62	+0.007%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.21	−0.121%	$463K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.30	−0.406%	$377K	$374K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	318.59	−0.316%	$48K	$266K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.68	+0.025%	$85K	$545K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	318.55	−0.327%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	318.61	−0.310%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	319.38	−0.070%	$20K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0306%	1h	319.58	−0.006%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.097%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	319.67	+0.022%	$65.7M	$131.9M	50x	as long as short
Variational Omni TAO	+0.0378%	4h	321.33	+0.540%	$5.6M	$8.6M	—	as long as short
BingX TAO-USDT	+0.0478%	4h	319.47	−0.041%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.53	−0.021%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.657%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.472%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.79	+0.059%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.50	−0.031%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0780%	1h	319.50	−0.031%	$893K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0862%	1h	317.24	−0.738%	$321K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.20	+0.188%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1104%	1h	319.33	−0.086%	$929K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.54	−0.019%	$423K	$595K	5x	as long as short
Lighter TAO	+0.1536%	1h	320.08	+0.152%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2462%	1h	319.91	+0.097%	$103.4M	$90.6M	5x	as long as short