Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against MEXC+0.015%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	306.25	0.0100	pay 0.0050% / 4h	1h 20m	$113.0M	$125.6M	300x
Short	Bullet TAO-USD	306.29	0.0100	get 0.0013% / 1h	20m 17s	$11K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$6.55
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; Bullet: 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 MEXC live order book, 4 min ago	0.66 bp	1.8 bp −$2	5.4 bp −$54	22.8 bp −$2,277	108.8 bp −$54.4K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	306.28	+0.010%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0017%	1h	306.40	+0.048%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.29	+0.013%	$44K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.24	−0.002%	$85.7M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.34	+0.029%	$59.2M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.30	+0.016%	$24.6M	$95.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.60	+0.114%	$80K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.136%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.20	−0.016%	$12.2M	$49.0M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	306.25	long leg	$113.0M	$125.6M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	306.18	−0.023%	$18.3M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.04	−0.069%	$34.2M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.41	+0.052%	—	$30.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.93	−0.757%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.26	−0.651%	$503K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.42	+0.056%	$75K	$567K	5x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	306.29	+0.015%	$11K	$18K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	306.21	−0.013%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.17	−0.026%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.36	+0.036%	$122K	$367K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.15	−0.033%	$3.2M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0103%	1h	303.74	−0.820%	$46K	$269K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	306.41	+0.052%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	−0.092%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	306.31	+0.020%	$1K	$506K	5x	as long as short
Aster TAOUSDT	+0.0126%	4h	306.27	+0.005%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	306.34	+0.028%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.49	+0.080%	$362K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.24	−0.003%	$437K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0210%	1h	306.30	+0.017%	$20K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0312%	1h	306.28	+0.009%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.02	+0.251%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0408%	1h	306.40	+0.050%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	306.46	+0.069%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0468%	1h	306.72	+0.153%	$295K	$799K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.80	−0.800%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.18	−0.022%	$352	—	20x	as long as short
Extended TAO-USD	+0.0792%	1h	306.15	−0.033%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.01	+0.248%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	306.26	+0.004%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1077%	1h	306.70	+0.147%	$93.3M	$80.6M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.45	+0.067%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.810%	$22K	$264	12x	as long as short