Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.082%

Price spread now: Extended against OKX−0.023%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.023%, 7d avg −0.004%

Together, before fees+0.200%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	318.00	0.0100	pay 0.0100% / 8h	6h 20m	$27.0M	$129.6M	50x
Short	Extended TAO-USD	317.93	0.0216	get 0.0027% / 1h	20m 56s	$963K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $24.36
Price spread: −0.023% → −0.004%: −$1.9
Slippage, 4 orders: −$15.04
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.58
Costs to cover: 0.300%
Break-even: 9.2 days

Slippage from OKX: live order book, 1 min ago; Extended: live order book, 1 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, 1 min ago	1.57 bp	8.1 bp −$8	16.2 bp −$162	71.1 bp −$7,112	doesn't fit
Sell Extended live order book, 1 min ago	1.88 bp	7.6 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit

TAO on 43 exchanges

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	−0.1080%	1h	318.61	+0.192%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	318.01	+0.002%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.60	+0.189%	$51K	$634K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.05	+0.016%	$69.6M	$155.6M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	318.00	long leg	$27.0M	$129.6M	50x
Gate TAO_USDT	+0.0100%	4h	318.00	0.000%	$15.7M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.89	−0.035%	$17.6M	$31.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.76	−0.075%	$36.0M	$56.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.33	+0.418%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.05	+0.016%	$81K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.36	+0.113%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.24	+0.075%	$117K	$557K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.29	+0.091%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	318.51	+0.160%	$2K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	318.36	+0.113%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0128%	4h	319.40	+0.441%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0128%	4h	318.07	+0.022%	—	$39.0M	—	as long as short
MEXC TAO_USDT	+0.0132%	4h	318.06	+0.019%	$110.6M	$151.8M	300x	as long as short
Binance TAOUSDT	+0.0132%	4h	318.11	+0.035%	$93.4M	$517.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0182%	8h	318.37	+0.117%	$14K	$876	10x	as long as short
Extended TAO-USDshort	+0.0216%	1h	317.93	−0.023%	$963K	$2.1M	25x
Orderly PERP_TAO_USDC	+0.0248%	4h	318.29	+0.091%	$53K	$263K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	318.62	+0.196%	$541K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	318.49	+0.154%	$372K	$447K	10x	as long as short
Aster TAOUSDT	+0.0306%	4h	318.22	+0.069%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.97	−0.008%	$374K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.89	+0.280%	$100K	$329K	5x	as long as short
BloFin TAO-USDT	+0.0372%	4h	318.45	+0.142%	$4.9M	$10.5M	100x	as long as short
Lighter TAO	+0.0376%	1h	318.31	+0.097%	$1.6M	$6.7M	5x	as long as short
Bullet TAO-USD	+0.0383%	1h	318.38	+0.119%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0408%	4h	318.85	+0.267%	$5.6M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0443%	1h	318.51	+0.161%	$714K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	318.23	+0.071%	$14K	$1.9M	25x	as long as short
Phoenix TAO	+0.0567%	1h	319.00	+0.314%	$321K	$712K	5x	as long as short
dYdX TAO-USD	+0.0640%	1h	318.34	+0.107%	$268K	$235K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	318.18	+0.057%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0683%	1h	318.35	+0.110%	$6.2M	$20.9M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.90	+0.282%	$367	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	318.50	+0.158%	$440K	$704K	5x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	319.94	+0.610%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0799%	1h	318.24	+0.075%	$96.0M	$108.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.47	+0.148%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	322.26	+1.340%	$23K	$2K	12x	as long as short