Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against OKX−0.069%60s7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1311.307% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.069%, 7d avg +0.065%

Together, before fees+0.148%+$15 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: Aevo is 0.133% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.065%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	313.80	0.0100	pay 0.0100% / 8h	49m 30s	$25.2M	$99.9M	50x
Short	Aevo TAO-PERP	313.58	0.0104	get 0.0013% / 1h	49m 30s	$172K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.069%Rate

Funding earned: $0.84
Price spread: −0.069% → +0.065%: −$13.35
Slippage, 4 orders: −$104.69
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$143.2
Costs to cover: 1.307%
Break-even: 1200.3 days

Slippage from OKX: live order book, 4 min ago; Aevo: live order book, 29 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 OKX live order book, 4 min ago	1.60 bp	11.5 bp −$12	17.6 bp −$176	60.8 bp −$6,082	doesn't fit
Sell Aevo live order book, 29 min ago	38.86 bp	56.1 bp −$56	302.1 bp −$3,021	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	−0.4722%	1h	314.01	+0.067%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.16	−0.205%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.65	−0.049%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	308.73	−1.616%	$22K	$259	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.14	−0.210%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.58	−0.070%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.74	−0.019%	$88.8M	$421.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.75	−0.016%	$61.3M	$123.2M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	313.80	long leg	$25.2M	$99.9M	50x
Gate TAO_USDT	+0.0100%	4h	313.60	−0.064%	$12.6M	$48.7M	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_USDT	+0.0100%	4h	313.84	+0.013%	$121.0M	$126.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.22	−0.185%	$19.1M	$27.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.23	−0.182%	$35.0M	$46.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.87	+0.022%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.44	−0.115%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.12	+0.101%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	−0.137%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.79	−0.003%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.60	−0.064%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.01	+0.067%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.04	−0.242%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	313.58	−0.069%	$172K	$998	3x
Polymarket Perps TAO-USD	+0.0105%	1h	313.49	−0.099%	$77K	$524K	5x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.28	−0.166%	$959	$536K	5x	as long as short
Bullet TAO-USD	+0.0134%	1h	313.88	+0.024%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	−0.068%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	313.32	−0.152%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.61	−0.061%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0210%	4h	313.41	−0.125%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0291%	1h	313.46	−0.107%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.65	−0.048%	$4.3M	$9.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.30	−0.160%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.59	−0.067%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0496%	1h	313.12	−0.217%	$838K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.70	−0.351%	$334K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.50	−0.096%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.38	−0.134%	$360	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	313.32	−0.153%	$864K	$2.1M	25x	as long as short
01 Exchange TAOUSD	+0.0840%	1h	313.52	−0.089%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.34	+0.172%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.37	−0.139%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1496%	1h	313.77	−0.008%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2188%	1h	314.01	+0.067%	$98.4M	$82.8M	5x	as long as short