Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against OKX+0.063%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.063%, 7d avg +0.031%

Together, before fees−0.053%−$5 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: MEXC is 0.031% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	319.40	0.0100	pay 0.0100% / 8h	7h 34m	$26.3M	$108.7M	50x
Short	MEXC TAO_USDT	319.60	0.0100	get 0.0050% / 4h	3h 34m	$108.1M	$134.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.031%: $3.13
Slippage, 4 orders: −$22.21
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.08
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 5 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	3.15 bp	12.5 bp −$12	24.7 bp −$247	72.5 bp −$7,251	doesn't fit
Sell MEXC live order book, 5 min ago	1.42 bp	5.5 bp −$6	18.9 bp −$189	28.7 bp −$2,869	90.3 bp −$45.1K

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	−0.1322%	1h	319.84	+0.138%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0525%	4h	319.48	+0.025%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	320.67	+0.398%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.34	−0.018%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.41	+0.316%	$42K	$587K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.48	+0.338%	$92.3M	$445.9M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	319.40	long leg	$26.3M	$108.7M	50x
Gate TAO_USDT	+0.0100%	4h	321.00	+0.501%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	319.60	+0.063%	$108.1M	$134.2M	300x
KuCoin TAOUSDTM	+0.0100%	4h	319.60	+0.063%	$18.2M	$29.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	319.28	−0.038%	$35.7M	$50.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.375%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.901%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.60	+0.063%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.21	−0.059%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.94	+0.169%	$128K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.99	+0.184%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	320.43	+0.322%	$2K	$616K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.09	−0.098%	$463K	—	100x	as long as short
Bullet TAO-USD	+0.0177%	1h	319.84	+0.138%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	321.07	+0.523%	$380K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	321.48	+0.651%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0237%	4h	320.56	+0.364%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0243%	8h	321.22	+0.570%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0263%	1h	319.61	+0.067%	$18K	$1.6M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.99	+0.185%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0344%	1h	319.23	−0.053%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0349%	1h	320.24	+0.263%	$94K	$638K	5x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.290%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	321.52	+0.664%	—	$30.5M	—	as long as short
Bybit TAOUSDT	+0.0450%	4h	320.19	+0.247%	$65.8M	$132.9M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.57	+0.053%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.595%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.79	+0.122%	$23K	$666	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	321.22	+0.570%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.63	+0.072%	$368	—	20x	as long as short
Nado TAO-PERP	+0.0757%	1h	319.71	+0.096%	$893K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0894%	1h	319.95	+0.172%	$323K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.02	+0.194%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1128%	1h	321.47	+0.647%	$936K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	321.13	+0.542%	$427K	$600K	5x	as long as short
Lighter TAO	+0.1488%	1h	321.48	+0.652%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2361%	1h	320.48	+0.338%	$103.6M	$90.7M	5x	as long as short