Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against MEXC−0.149%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.149%, 7d avg −0.032%

Together, before fees+0.142%+$14 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: OKX is 0.118% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	307.96	0.0100	pay 0.0050% / 4h	2h 04m	$119.2M	$126.8M	300x
Short	OKX TAO-USDT-SWAP	307.50	0.0100	get 0.0100% / 8h	2h 04m	$25.4M	$93.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.032%: −$11.75
Slippage, 4 orders: −$17.19
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.94
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; OKX: 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, 5 min ago	0.16 bp	2.2 bp −$2	8.9 bp −$89	33.3 bp −$3,325	131.1 bp −$65.6K
Sell OKX live order book, 4 min ago	3.22 bp	12.0 bp −$12	15.5 bp −$155	80.3 bp −$8,026	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	−0.0601%	1h	309.73	+0.575%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	307.65	−0.101%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.10	+0.046%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.62	−0.110%	$43K	$528K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.98	+0.006%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.58	−0.124%	$86.2M	$406.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.61	−0.114%	$59.8M	$119.6M	50x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	307.50	−0.149%	$25.4M	$93.7M	50x
Arcus TAO-USD	+0.0100%	1h	308.02	+0.019%	$137K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.50	−0.149%	$12.3M	$48.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTlong	+0.0100%	4h	307.96	long leg	$119.2M	$126.8M	300x
KuCoin TAOUSDTM	+0.0100%	4h	307.90	−0.019%	$18.8M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.66	−0.097%	$34.4M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.26	+0.097%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	+0.159%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	+0.118%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.396%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.59	+0.529%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.04	+0.026%	$78K	$657K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.26	+0.099%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.95	−0.003%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.94	−0.006%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.33	+0.120%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.10	+0.045%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.15	+0.062%	$169K	$998	3x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0111%	1h	308.02	+0.021%	$11K	$1.3M	25x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.83	−0.042%	$1K	$462K	5x	as long as short
Aster TAOUSDT	+0.0156%	4h	307.57	−0.128%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	307.75	−0.067%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.370%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0309%	1h	307.78	−0.058%	$850K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	+0.136%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.11	+0.047%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.00	+0.013%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.91	−0.017%	$354	—	20x	as long as short
Extended TAO-USD	+0.0784%	1h	307.60	−0.117%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0898%	1h	308.19	+0.075%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.50	+0.500%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	308.24	+0.090%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.38	+0.138%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.75	−0.069%	$413K	$542K	5x	as long as short
Hyperliquid TAO	+0.1865%	1h	308.66	+0.227%	$96.7M	$77.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.250%	$22K	$271	12x	as long as short