Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.004%

Price spread now: Binance against OKX−0.054%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.054%, 7d avg +0.031%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.085% cheaper against OKX than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.031%). If the spread goes back, that is −$9 on $10k: about 4.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	319.20	0.0100	pay 0.0100% / 8h	7h 13m	$26.5M	$129.2M	50x
Short	Binance TAOUSDT	319.03	0.0164	get 0.0082% / 4h	3h 13m	$92.9M	$516.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.054%Rate

Funding earned: $13.34
Price spread: −0.054% → +0.031%: −$8.51
Slippage, 4 orders: −$12.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.25
Costs to cover: 0.321%
Break-even: 21.3 days

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago	1.57 bp	9.6 bp −$10	18.0 bp −$180	59.7 bp −$5,974	doesn't fit
Sell Binance live order book, 15 min ago	0.16 bp	6.3 bp −$6	13.1 bp −$131	27.8 bp −$2,778	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	−0.0269%	1h	313.94	−1.648%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	319.24	+0.011%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.52	+0.100%	$50K	$697K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.29	+0.028%	$69.8M	$153.9M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	319.20	long leg	$26.5M	$129.2M	50x
Gate TAO_USDT	+0.0100%	4h	318.50	−0.219%	$15.1M	$50.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.79	−0.128%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.94	−0.081%	$35.9M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.24	+0.013%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.22	+0.006%	$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	318.97	−0.072%	$116K	$539K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.33	+0.041%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.45	+0.080%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	319.39	+0.060%	$1K	$1.2M	5x	as long as short
Binance TAOUSDTshort	+0.0164%	4h	319.03	−0.054%	$92.9M	$516.8M	75x
MEXC TAO_USDT	+0.0164%	4h	318.79	−0.128%	$111.6M	$154.3M	300x	as long as short
BingX TAO-USDT	+0.0166%	4h	319.18	−0.006%	—	$38.8M	—	as long as short
edgeX TAOUSDC	+0.0168%	4h	318.13	−0.335%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0241%	8h	319.47	+0.084%	$14K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0241%	4h	319.44	+0.075%	$54K	$272K	10x	as long as short
ApeX Omni TAOUSDT	+0.0283%	1h	318.30	−0.282%	$45K	$256K	50x	as long as short
Bullet TAO-USD	+0.0297%	1h	319.44	+0.074%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0333%	4h	319.22	+0.007%	$1.3M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0342%	4h	318.82	−0.118%	$540K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	319.34	+0.043%	$362K	$437K	10x	as long as short
dYdX TAO-USD	+0.0363%	1h	318.81	−0.121%	$128K	$87K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0109%	1h	319.09	−0.034%	$378K	—	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	319.67	+0.147%	$101K	$340K	5x	as long as short
BloFin TAO-USDT	+0.0404%	4h	319.11	−0.028%	$4.8M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0440%	1h	318.81	−0.121%	$933K	$2.2M	25x	as long as short
Nado TAO-PERP	+0.0454%	1h	319.43	+0.071%	$771K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0512%	1h	319.44	+0.076%	$9K	$1.8M	25x	as long as short
Phoenix TAO	+0.0578%	1h	319.00	−0.063%	$321K	$714K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	318.74	−0.144%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0624%	1h	319.51	+0.097%	$94.8M	$109.6M	5x	as long as short
Lighter TAO	+0.0648%	1h	319.27	+0.023%	$1.6M	$6.7M	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.96	+0.238%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.80	−0.124%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0744%	1h	319.58	+0.119%	$317K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0779%	1h	319.52	+0.102%	$6.2M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.81	−0.122%	$447K	$709K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.03	+0.260%	$1.1M	$7.4M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.448%	$23K	$2K	12x	as long as short