Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.001%

Price spread now: Arcus against MEXC+0.107%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.107%, 7d avg +0.074%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.034% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	316.86	0.0100	pay 0.0050% / 4h	3h 07m	$99.6M	$136.6M	300x
Short	Arcus TAO-USD	317.20	0.0201	get 0.0025% / 1h	7m 31s	$84K	$550K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.107%Rate

Funding earned: $21.28
Price spread: +0.107% → +0.074%: $3.37
Slippage, 4 orders: −$36.92
Fee MEXC: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$16.77
Costs to cover: 0.414%
Break-even: 12.5 days

Slippage from MEXC: live order book, 2 min ago; Arcus: live order book, 1 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	0.63 bp	2.4 bp −$2	6.7 bp −$67	34.2 bp −$3,417	94.7 bp −$47.4K
Sell Arcus live order book, 1 min ago	8.37 bp	22.0 bp −$22	32.9 bp −$329	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	−0.1228%	1h	316.14	−0.227%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.78	−0.025%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.76	−0.030%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.00	+0.044%	$42K	$600K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.00	+0.044%	$90.8M	$450.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	−0.019%	$25.8M	$109.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.050%	$12.9M	$51.2M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	316.86	long leg	$99.6M	$136.6M	300x
KuCoin TAOUSDTM	+0.0100%	4h	316.94	+0.025%	$18.0M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.71	−0.047%	$35.2M	$51.4M	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	−0.234%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.81	−0.331%	$523K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.84	−0.006%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.08	−0.246%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.96	+0.032%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0102%	1h	316.93	+0.023%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.74	−0.037%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	316.90	+0.013%	$2K	$644K	5x	as long as short
ApeX Omni TAOUSDT	+0.0154%	1h	316.14	−0.227%	$48K	$267K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.19	−0.210%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.91	+0.015%	$375K	$376K	10x	as long as short
Arcus TAO-USDshort	+0.0201%	1h	317.20	+0.107%	$84K	$550K	5x
Aster TAOUSDT	+0.0202%	4h	317.05	+0.060%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	316.99	+0.042%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0267%	1h	317.17	+0.098%	$93K	$633K	5x	as long as short
Phemex TAOUSDT	+0.0296%	4h	316.97	+0.035%	$3.4M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.05	−0.256%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	316.81	−0.017%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.67	−0.059%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.20	−0.208%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.026%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	317.04	+0.057%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.287%	$23K	$802	12x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.81	−0.015%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	316.95	+0.028%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0715%	4h	317.18	+0.101%	$65.3M	$133.5M	50x	as long as short
Nado TAO-PERP	+0.0752%	1h	317.10	+0.074%	$877K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	316.65	−0.066%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.15	+0.092%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	317.02	+0.051%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.94	+0.027%	$421K	$593K	5x	as long as short
Lighter TAO	+0.1408%	1h	317.42	+0.176%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1792%	1h	317.31	+0.142%	$101.5M	$91.5M	5x	as long as short