Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against OKX−0.169%101s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as 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−$400.403% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.169%, 7d avg +0.023%

Together, before fees+0.435%+ Points / potential airdropedgeX: Active · farm board+$43 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: edgeX is 0.193% cheaper against OKX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 101 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	318.80	0.0100	pay 0.0100% / 8h	2h 13m	$26.7M	$125.5M	50x
Short	edgeX TAOUSDC	318.26	0.0100	get 0.0050% / 4h	2h 13m	$42K	$316K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → +0.023%: −$19.25
Slippage, 4 orders: −$21.32
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.57
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 34 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	7.8 bp −$8	18.0 bp −$180	68.2 bp −$6,818	doesn't fit
Sell edgeX live order book, 34 min ago	6.37 bp	11.2 bp −$11	26.6 bp −$266	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	−0.0038%	1h	313.74	−1.587%	$167K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.22	−0.182%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0034%	1h	318.18	−0.196%	$127K	$85K	5x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	318.80	long leg	$26.7M	$125.5M	50x
Gate TAO_USDT	+0.0100%	4h	318.60	−0.063%	$14.2M	$51.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.96	+0.050%	$100.8M	$147.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.85	+0.016%	$17.6M	$31.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.72	−0.025%	$35.9M	$57.5M	50x	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	318.26	−0.169%	$42K	$316K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	318.22	−0.182%	$91K	$920K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.13	−0.210%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.66	−0.358%	$116K	$565K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.73	−0.022%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.63	−0.054%	$175K	$998	3x	as long as short
Binance TAOUSDT	+0.0104%	4h	318.99	+0.060%	$91.6M	$513.0M	75x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	318.51	−0.091%	$652	$943K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	318.58	−0.069%	$53K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0127% / S +0.0142%	1h	318.18	−0.193%	$426K	—	100x	as long as short
Popdex TAOUSDT	+0.0128%	1h	318.30	−0.157%	$53K	$672K	20x	as long as short
Pacifica TAO	+0.0233%	1h	318.65	−0.046%	$363K	$420K	10x	as long as short
Aster TAOUSDT	+0.0265%	4h	318.84	+0.011%	$1.3M	$10.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0276%	8h	318.62	−0.057%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0283%	1h	318.20	−0.189%	$800K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0299%	1h	318.94	+0.044%	$6.0M	$21.6M	50x	as long as short
Bullet TAO-USD	+0.0326%	1h	318.61	−0.060%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.52	−0.088%	$4.6M	$11.0M	100x	as long as short
Bybit TAOUSDT	+0.0387%	4h	319.04	+0.075%	$69.8M	$153.6M	50x	as long as short
BingX TAO-USDT	+0.0400%	4h	318.92	+0.038%	—	$33.8M	—	as long as short
GRVT TAO_USDT_Perp	+0.0448%	4h	318.95	+0.048%	$545K	$935K	10x	as long as short
Variational Omni TAO	+0.0467%	4h	317.98	−0.256%	$5.6M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	318.90	+0.031%	$103K	$345K	5x	as long as short
ApeX Omni TAOUSDT	+0.0487%	1h	318.17	−0.198%	$45K	$256K	50x	as long as short
Extended TAO-USD	+0.0504%	1h	318.85	+0.015%	$906K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	319.50	+0.220%	$318K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0683%	1h	318.65	−0.048%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	318.39	−0.128%	$366	—	20x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	318.86	+0.019%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0810%	1h	319.07	+0.085%	$93.7M	$109.5M	5x	as long as short
Lighter TAO	+0.0816%	1h	319.63	+0.261%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0835%	1h	318.87	+0.022%	$316K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	318.73	−0.022%	$1.5M	$7.0M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	318.59	−0.066%	$460K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	322.94	+1.299%	$23K	$2K	12x	as long as short