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% APRpaid last 24h +0.001%

Price spread now: Katana Perps against MEXC+0.166%7-day average +0.025% · you sell dearer than you buy

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

Long on MEXC Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.166%, 7d avg +0.025%

Together, before fees−0.029%−$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: Katana Perps is 0.141% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	318.33	0.0100	pay 0.0050% / 4h	3h 53m	$104.7M	$131.3M	300x
Short	Katana Perps TAO-USD	318.86	0.0100	get 0.0100% / 8h	7h 53m	$852	$591K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$0.04
Price spread: +0.166% → +0.025%: $14.11
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $10.27
Costs to cover: 0.038%
Break-even: from the start

Slippage unknown: MEXC: live order book, 6 min ago; Katana Perps: 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, 6 min ago	0.94 bp	7.8 bp −$8	14.9 bp −$149	40.0 bp −$4,000	153.3 bp −$76.7K
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
Bulk TAO-USD	−0.1799%	1h	311.96	−2.001%	$167K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0672%	4h	318.55	+0.069%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	318.09	−0.075%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.64	+0.099%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.77	+0.138%	$41K	$578K	20x	as long as short
Katana Perps TAO-USDshort	+0.0100%	8h	318.86	+0.166%	$852	$591K	5x
Binance TAOUSDT	+0.0100%	4h	318.65	+0.100%	$91.1M	$438.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.70	+0.116%	$25.8M	$106.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.40	+0.022%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	318.33	long leg	$104.7M	$131.3M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	318.48	+0.047%	$19.0M	$28.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.51	+0.057%	$35.7M	$48.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	319.37	+0.328%	$36K	$287K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.75	+0.132%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.73	+0.126%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.42	+0.342%	$127K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	321.70	+1.060%	$177K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0142%	4h	319.47	+0.357%	$531K	$945K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0085%	1h	318.61	+0.089%	$461K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.54	+0.067%	$377K	$371K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0195%	1h	318.95	+0.194%	$23K	$1.5M	25x	as long as short
Arcus TAO-USD	+0.0201%	1h	318.94	+0.192%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0214%	4h	318.48	+0.046%	$1.1M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0215%	8h	318.52	+0.059%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0263%	1h	318.88	+0.173%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0291%	4h	319.01	+0.214%	$5.5M	$8.6M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.55	+0.069%	$4.4M	$10.8M	100x	as long as short
Polymarket Perps TAO-USD	+0.0354%	1h	318.88	+0.173%	$100K	$633K	5x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.56	+0.072%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0453%	4h	318.94	+0.192%	$65.5M	$129.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0476%	1h	318.98	+0.204%	$48K	$268K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0481%	1h	318.71	+0.119%	$5.7M	$20.2M	50x	as long as short
Phoenix TAO	+0.0537%	1h	319.30	+0.305%	$334K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.85	−0.151%	$23K	$370	12x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.62	+0.090%	$366	—	20x	as long as short
01 Exchange TAOUSD	+0.0824%	1h	319.22	+0.280%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0860%	1h	318.69	+0.112%	$887K	$2.0M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.17	+0.578%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1008%	1h	318.45	+0.039%	$929K	$2.2M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1052%	1h	318.72	+0.123%	$316K	$817K	10x	as long as short
RISEx TAO/USDC	+0.1141%	1h	318.88	+0.174%	$420K	$586K	5x	as long as short
Lighter TAO	+0.1888%	1h	318.99	+0.207%	$1.7M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2912%	1h	319.12	+0.248%	$104.2M	$88.4M	5x	as long as short