Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC0.000%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.001%$0 · spread now 0.000%, 7d avg +0.015%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	315.33	0.0100	pay 0.0050% / 4h	25m 06s	$110.6M	$144.0M	300x
Short	Bybit TAOUSDT	315.33	0.0100	get 0.0050% / 4h	25m 06s	$68.1M	$148.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.015%: −$1.49
Slippage, 4 orders: −$14.04
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.53
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	0.79 bp	3.7 bp −$4	10.7 bp −$107	28.6 bp −$2,861	84.0 bp −$42.0K
Sell Bybit live order book, 4 min ago	0.16 bp	10.3 bp −$10	24.5 bp −$245	41.4 bp −$4,142	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
dYdX TAO-USD	0.0000%	1h	314.24	−0.347%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.124%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.02	−0.099%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.21	−0.038%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.94	−0.124%	$645	$795K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.05	−0.089%	$91.0M	$494.1M	75x	as long as short
Bybit TAOUSDTshort	+0.0100%	4h	315.33	0.000%	$68.1M	$148.5M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	−0.041%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.136%	$12.9M	$50.0M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	315.33	long leg	$110.6M	$144.0M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.08	−0.079%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.97	−0.114%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.09	−0.076%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.73	−0.190%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.20	−0.359%	$520K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.96	−0.117%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.05	−0.089%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.11	−0.069%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.00	−0.105%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.70	−0.200%	$110K	$534K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.01	−0.101%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.10	−0.072%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	315.14	−0.060%	$57K	$274K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0148% / S +0.0125%	1h	314.89	−0.140%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0168%	8h	314.72	−0.192%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0193%	4h	315.16	−0.054%	$1.2M	$10.3M	50x	as long as short
Nado TAO-PERP	+0.0195%	1h	315.21	−0.039%	$801K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0224%	1h	315.10	−0.072%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0252%	1h	315.30	−0.010%	$92.8M	$106.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0277%	1h	315.18	−0.046%	$35K	$1.7M	25x	as long as short
Bulk TAO-USD	+0.0285%	1h	315.07	−0.082%	$167K	$2K	10x	as long as short
01 Exchange TAOUSD	+0.0296%	1h	315.21	−0.038%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0304%	1h	315.27	−0.020%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.99	−0.108%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.35	+0.006%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	315.29	−0.013%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	314.86	−0.150%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	314.38	−0.302%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	316.30	+0.308%	$315K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.33	0.000%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.17	−0.052%	$436K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	314.58	−0.238%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.116%	$23K	$2K	12x	as long as short