Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.028%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.028%, 7d avg +0.003%

Together, before fees+0.026%+$3 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: Binance is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	322.32	0.0144	pay 0.0072% / 4h	10m 31s	$113.8M	$151.9M	300x
Short	Binance TAOUSDT	322.23	0.0144	get 0.0072% / 4h	10m 31s	$96.1M	$498.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.09
Price spread: −0.028% → +0.003%: −$3.05
Slippage, 4 orders: −$8.24
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.2
Costs to cover: 0.182%
Break-even: 1613.0 days

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 11 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	0.31 bp	3.1 bp −$3	8.8 bp −$88	28.1 bp −$2,812	109.5 bp −$54.8K
Sell Binance live order book, 11 min ago	0.16 bp	5.3 bp −$5	12.8 bp −$128	31.3 bp −$3,126	doesn't fit

TAO on 43 exchanges

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 −0.0003%	1h	322.29	−0.009%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.24	−0.025%	$60K	$610K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.40	+0.025%	$27.7M	$127.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	319.24	−0.956%	$169K	$662	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.90	−0.130%	$16.8M	$47.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.06	−0.081%	$17.9M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.27	−0.016%	$36.5M	$52.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.09	−1.002%	$45K	$251K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.36	+0.012%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.07	−0.698%	$2K	$1.7M	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.54	−0.862%	$116K	$516K	20x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	322.31	−0.003%	$2K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	322.35	+0.009%	$877K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.64	−0.521%	$176K	$998	3x	as long as short
dYdX TAO-USD	+0.0135%	1h	321.56	−0.236%	$271K	$226K	5x	as long as short
MEXC TAO_USDTlong	+0.0144%	4h	322.32	long leg	$113.8M	$151.9M	300x
Binance TAOUSDTshort	+0.0144%	4h	322.23	−0.028%	$96.1M	$498.9M	75x
edgeX TAOUSDC	+0.0145%	4h	319.74	−0.799%	$42K	$324K	10x	as long as short
Bullet TAO-USD	+0.0170%	1h	322.53	+0.065%	$12K	$15K	20x	as long as short
Phemex TAOUSDT	+0.0187%	4h	320.16	−0.670%	$3.2M	$8.3M	50x	as long as short
Pacifica TAO	+0.0223%	1h	322.02	−0.094%	$390K	$449K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	322.48	+0.050%	$15K	$769	10x	as long as short
GRVT TAO_USDT_Perp	+0.0240%	4h	320.23	−0.648%	$542K	$782K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	320.31	−0.624%	$54K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0255%	4h	322.22	−0.031%	$71.6M	$151.9M	50x	as long as short
BingX TAO-USDT	+0.0280%	4h	322.62	+0.093%	—	$36.7M	—	as long as short
Nado TAO-PERP	+0.0312%	1h	320.27	−0.637%	$666K	$1.9M	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	322.50	+0.055%	$1.3M	$11.4M	50x	as long as short
BloFin TAO-USDT	+0.0384%	4h	320.42	−0.589%	$4.9M	$9.9M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0390% / S −0.0121%	1h	322.23	−0.029%	$391K	—	100x	as long as short
Lighter TAO	+0.0480%	1h	321.92	−0.123%	$1.7M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0485%	1h	322.72	+0.124%	$96.7M	$104.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0507%	1h	320.48	−0.572%	$19K	$1.8M	25x	as long as short
Variational Omni TAO	+0.0520%	4h	320.67	−0.513%	$6.6M	$9.8M	—	as long as short
Arcus TAO-USD	+0.0587%	1h	322.52	+0.062%	$102K	$285K	5x	as long as short
Phoenix TAO	+0.0636%	1h	319.70	−0.813%	$321K	$701K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0684%	1h	320.65	−0.518%	$305K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0694%	1h	322.23	−0.029%	$431K	$652K	5x	as long as short
Reya TAORUSDPERP	+0.0700%	1h	322.44	+0.039%	$371	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	322.74	+0.130%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	320.76	−0.484%	$1.1M	$7.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0843%	1h	320.53	−0.554%	$6.4M	$19.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	322.02	−0.093%	$23K	$2K	12x	as long as short