Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against OKX+0.788%49s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$420.416% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.667%−$67 · spread now +0.788%, 7d avg +0.038%

Together, before fees−0.602%+ Points / potential airdropPacifica: Active · farm board−$60 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: Pacifica is 0.750% dearer against OKX than usual: you sell high and buy low, +$75 on $10k if it goes back to its 7-day average of +0.038%. The two prices were read 49 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	305.30	0.0100	pay 0.0100% / 8h	2h 29m	$25.0M	$92.2M	50x
Short	Pacifica TAO	307.71	0.0100	get 0.0013% / 1h	29m 56s	$364K	$400K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.788%Rate

Funding earned: $0
Price spread: +0.788% → +0.038%: $75.05
Slippage, 4 orders: −$23.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $33.42
Costs to cover: 0.416%
Break-even: from the start

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 58 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	1.63 bp	10.8 bp −$11	18.1 bp −$181	73.6 bp −$7,356	doesn't fit
Sell Pacifica live order book, 58 min ago	2.40 bp	10.6 bp −$11	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	307.36	+0.675%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	305.39	+0.031%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.17	−0.043%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.24	+0.635%	$42K	$526K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	307.71	+0.788%	$364K	$400K	10x
Binance TAOUSDT	+0.0100%	4h	305.51	+0.067%	$85.5M	$402.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.36	+0.020%	$59.0M	$118.0M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	305.30	long leg	$25.0M	$92.2M	50x
Arcus TAO-USD	+0.0100%	1h	307.60	+0.753%	$137K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.580%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	305.40	+0.033%	$12.0M	$47.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.53	+0.075%	$112.8M	$123.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.72	+0.138%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.61	+0.102%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.24	−0.020%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.731%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.38	+0.682%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	+0.656%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.14	+0.603%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.25	−0.016%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.25	−0.016%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.96	−0.111%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.47	−0.272%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.56	+0.085%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.46	+0.054%	$168K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0106%	1h	307.43	+0.698%	$86K	$669K	5x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.37	+0.678%	$1K	$430K	5x	as long as short
Aster TAOUSDT	+0.0160%	4h	305.90	+0.197%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	307.63	+0.764%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.99	−0.100%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.983%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0283%	1h	307.42	+0.693%	$846K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	+0.649%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.74	+0.799%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.05	+0.573%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.51	+0.070%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0944%	1h	306.26	+0.314%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.96	+0.216%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	305.85	+0.179%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.49	+0.719%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1302%	1h	305.78	+0.157%	$437K	$703K	10x	as long as short
Hyperliquid TAO	+0.1694%	1h	306.58	+0.419%	$93.7M	$75.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+1.087%	$22K	$138	12x	as long as short