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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: ApeX Omni against Pacifica+0.065%51s7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$460.456% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.518%+$52 · spread now +0.065%, 7d avg +0.027%

Together, before fees+0.508%+ Points / potential airdropPacifica: Active · farm board+$51 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: ApeX Omni is 0.038% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 51 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	Pacifica TAO	314.99	0.0100	pay 0.0013% / 1h	57m 59s	$359K	$412K	10x
Short	ApeX Omni TAOUSDT	315.19	0.0100	get 0.0013% / 1h	57m 59s	$46K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.027%: $3.8
Slippage, 4 orders: −$27.6
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$41.8
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 min ago; ApeX Omni: live order book, 59 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 Pacifica live order book, 60 min ago	3.49 bp	8.9 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	5.36 bp	13.0 bp −$13	133.3 bp −$1,333	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
Kraken Futures PF_TAOUSD	−0.0344%	1h	315.81	+0.263%	$5.6M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	314.60	−0.123%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.96	−0.009%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.03	+0.014%	$43K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.91	−0.024%	$2K	$801K	5x	as long as short
Pacifica TAOlong	+0.0100%	1h	314.99	long leg	$359K	$412K	10x
Binance TAOUSDT	+0.0100%	4h	315.78	+0.252%	$91.2M	$495.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.84	+0.271%	$68.0M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.227%	$26.1M	$121.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.80	−0.059%	$167K	$2K	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	315.40	+0.131%	$13.1M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.81	+0.262%	$101.2M	$143.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.14	+0.049%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.62	+0.201%	$35.3M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.65	+0.211%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.12	+0.042%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.30	+0.100%	$535K	$969K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	315.19	+0.065%	$46K	$255K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	314.90	−0.027%	$77K	$863K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.19	+0.065%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.72	−0.084%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.41	−0.183%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.75	+0.243%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.24	+0.081%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	315.21	+0.071%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	314.95	−0.012%	$428K	—	100x	as long as short
Nado TAO-PERP	+0.0144%	1h	315.13	+0.047%	$801K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0147%	8h	315.13	+0.045%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0152%	4h	315.36	+0.119%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0208%	1h	315.20	+0.067%	$923K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0224%	1h	315.89	+0.287%	$92.9M	$106.7M	5x	as long as short
Arcus TAO-USD	+0.0231%	1h	315.24	+0.081%	$101K	$440K	5x	as long as short
Lighter TAO	+0.0312%	1h	316.17	+0.377%	$1.5M	$6.4M	5x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	315.02	+0.011%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.69	−0.094%	$4.5M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.87	+0.281%	$314K	$914K	10x	as long as short
Variational Omni TAO	+0.0396%	4h	315.16	+0.055%	$5.7M	$9.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0499%	1h	315.39	+0.127%	$22K	$1.7M	25x	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.163%	$314K	$695K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.06	+0.024%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	314.97	−0.005%	$437K	$652K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	315.53	+0.173%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+0.852%	$23K	$2K	12x	as long as short