Funding arb · Price arb /

TAO

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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 −0.020%

Price spread now: GRVT against MEXC−0.963%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 3 days (all we have)+1.129%+$113 · spread now −0.963%, 7d avg +0.021%

Together, before fees+1.155%+ Points / potential airdropGRVT: Active · farm board+$116 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: GRVT is 0.984% cheaper against MEXC than usual: you would sell low and buy high, −$98 on $10k if it goes back to its 7-day average of +0.021%.

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	GRVT TAO_USDT_Perp	316.52	0.0100	get 0.0050% / 4h	3h 37m	$524K	$960K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.963%Rate

Funding earned: $0
Price spread: −0.963% → +0.021%: −$98.41
Slippage, 4 orders: −$20.84
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$128.25
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; GRVT: 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 GRVT live order book, 36 min ago	6.56 bp	11.1 bp −$11	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	−0.0733%	4h	316.88	−0.851%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.69	−0.597%	$127K	$88K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	316.82	−0.871%	$20K	$1.5M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.79	−0.879%	$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	319.44	−0.052%	$92.4M	$444.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.40	−0.063%	$26.1M	$108.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.30	−0.407%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	319.60	long leg	$107.1M	$133.8M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	319.37	−0.072%	$18.3M	$29.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.31	−0.091%	$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_Perpshort	+0.0100%	4h	316.52	−0.963%	$524K	$960K	10x
Orderly PERP_TAO_USDC	+0.0100%	4h	316.74	−0.895%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.71	−0.904%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.64	−0.613%	$127K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.09	−0.787%	$174K	$998	3x	as long as short
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	316.80	−0.876%	$460K	—	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	317.76	−0.577%	$1.1M	$8.2M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	318.61	−0.310%	$14K	$1K	10x	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	317.00	−0.814%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	319.58	−0.006%	$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	318.66	−0.294%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.90	−0.844%	$5.7M	$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	319.59	−0.003%	$23K	$653	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	317.03	−0.804%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	318.81	−0.247%	$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	318.47	−0.354%	$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