Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0650%/8h= +71.2% APRpaid last 24h +0.101%

Price spread now: 01 Exchange against MEXC+0.342%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and 01 Exchange is 0.342% dearer against MEXC than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	321.90	0.0158	pay 0.0079% / 4h	2h 57m	$106.4M	$148.9M	300x
Short	01 Exchange TAOUSD	323.00	0.0808	get 0.0101% / 1h	57m 53s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.342%Rate

Funding earned: $136.5
Price spread: +0.342% → 0.000%: $34.17
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $163.67
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; 01 Exchange: 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, 1 min ago	0.47 bp	2.6 bp −$3	14.3 bp −$143	39.8 bp −$3,978	114.6 bp −$57.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.0241%	1h	318.85	−0.949%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+0.717%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.55	+0.202%	$51K	$704K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	322.09	+0.059%	$70.8M	$155.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.00	+0.031%	$26.9M	$130.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.80	−0.031%	$15.4M	$47.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.01	+0.034%	$17.5M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.72	−0.056%	$36.3M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.57	+0.208%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.93	+0.009%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	321.43	−0.146%	$116K	$554K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.84	−0.019%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	322.68	+0.242%	$660	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.32	+0.132%	$177K	$998	3x	as long as short
edgeX TAOUSDC	+0.0156%	4h	323.71	+0.562%	$43K	$323K	10x	as long as short
MEXC TAO_USDTlong	+0.0158%	4h	321.90	long leg	$106.4M	$148.9M	300x
BingX TAO-USDT	+0.0158%	4h	322.14	+0.075%	—	$39.0M	—	as long as short
Binance TAOUSDT	+0.0161%	4h	322.04	+0.045%	$94.8M	$519.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0224%	8h	322.61	+0.219%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0246%	4h	322.17	+0.084%	$54K	$273K	10x	as long as short
Extended TAO-USD	+0.0288%	1h	321.94	+0.014%	$973K	$2.2M	25x	as long as short
Pacifica TAO	+0.0301%	1h	322.78	+0.273%	$376K	$439K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0304%	4h	323.87	+0.611%	$550K	$826K	10x	as long as short
Aster TAOUSDT	+0.0325%	4h	322.15	+0.078%	$1.3M	$11.2M	50x	as long as short
Arcus TAO-USD	+0.0364%	1h	323.00	+0.342%	$102K	$329K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0369% / S −0.0109%	1h	323.08	+0.366%	$383K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0392%	1h	323.88	+0.615%	$46K	$256K	50x	as long as short
BloFin TAO-USDT	+0.0398%	4h	323.12	+0.379%	$4.8M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0482%	1h	322.18	+0.087%	$20K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0522%	4h	323.77	+0.579%	$5.7M	$9.8M	—	as long as short
Bullet TAO-USD	+0.0524%	1h	322.42	+0.162%	$12K	$17K	20x	as long as short
Phoenix TAO	+0.0578%	1h	324.30	+0.746%	$326K	$705K	5x	as long as short
Nado TAO-PERP	+0.0597%	1h	322.20	+0.092%	$738K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0674%	1h	322.21	+0.097%	$6.3M	$21.0M	50x	as long as short
dYdX TAO-USD	+0.0679%	1h	322.41	+0.158%	$272K	$232K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0680%	1h	322.04	+0.043%	$300K	$1.1M	10x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	323.21	+0.408%	$372	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	322.57	+0.207%	$444K	$714K	5x	as long as short
Lighter TAO	+0.0736%	1h	322.33	+0.133%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSDshort	+0.0808%	1h	323.00	+0.342%	$3K	$4K	5x
Coinbase International TAO-PERP-INTX	+0.0832%	1h	322.61	+0.221%	$1.1M	$7.5M	50x	as long as short
Hyperliquid TAO	+0.1138%	1h	322.25	+0.109%	$97.3M	$110.0M	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+1.883%	$24K	$2K	12x	as long as short