Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: edgeX against Pacifica+0.431%52s7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$430.430% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.431%, 7d avg +0.014%

Together, before fees−0.096%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$10 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 0.417% dearer against Pacifica than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 52 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	312.82	0.0100	pay 0.0013% / 1h	52m 36s	$370K	$370K	10x
Short	edgeX TAOUSDC	314.17	0.0100	get 0.0050% / 4h	52m 36s	$41K	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.431%Rate

Funding earned: $0
Price spread: +0.431% → +0.014%: $41.67
Slippage, 4 orders: −$26.02
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$1.35
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Pacifica: live order book, 26 min ago; edgeX: live order book, 25 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, 26 min ago	3.43 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 25 min ago	6.54 bp	11.1 bp −$11	26.0 bp −$260	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	−0.1120%	1h	305.94	−2.199%	$164K	$52K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.29	−0.167%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.34	−0.153%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	308.73	−1.307%	$22K	$259	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.17	+0.113%	$40K	$549K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	312.82	long leg	$370K	$370K	10x
Binance TAOUSDT	+0.0100%	4h	313.15	+0.105%	$88.7M	$420.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.10	+0.090%	$61.1M	$123.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	+0.026%	$25.1M	$99.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.60	−0.070%	$12.5M	$48.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.00	+0.058%	$119.7M	$125.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.76	−0.019%	$19.1M	$27.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.68	−0.044%	$35.1M	$46.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.22	+0.129%	—	$30.3M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	314.17	+0.431%	$41K	$279K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	314.25	+0.459%	$520K	$950K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.46	−0.114%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.43	−0.124%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.84	+0.007%	$128K	$393K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.21	−0.194%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.58	−0.078%	$172K	$998	3x	as long as short
Bullet TAO-USD	+0.0106%	1h	312.58	−0.076%	$11K	$17K	20x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.05	+0.074%	$3K	$536K	5x	as long as short
Polymarket Perps TAO-USD	+0.0135%	1h	313.26	+0.141%	$77K	$524K	5x	as long as short
Variational Omni TAO	+0.0177%	4h	314.40	+0.507%	$3.9M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	312.87	+0.017%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.25	+0.138%	$80K	$644K	5x	as long as short
Aster TAOUSDT	+0.0202%	4h	312.65	−0.054%	$1.1M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.50	−0.102%	$4.3M	$9.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0358%	1h	312.56	−0.081%	$19K	$1.4M	25x	as long as short
ApeX Omni TAOUSDT	+0.0361%	1h	314.07	+0.400%	$47K	$269K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	312.52	−0.094%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.22	−0.191%	$448K	—	100x	as long as short
Nado TAO-PERP	+0.0495%	1h	313.01	+0.063%	$838K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.70	−0.038%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0544%	1h	312.73	−0.028%	$299K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.78	−0.013%	$360	—	20x	as long as short
Extended TAO-USD	+0.0792%	1h	313.17	+0.111%	$864K	$2.1M	25x	as long as short
01 Exchange TAOUSD	+0.0864%	1h	313.52	+0.224%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	312.86	+0.013%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.33	+0.164%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1352%	1h	313.12	+0.097%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2282%	1h	313.23	+0.132%	$98.1M	$82.7M	5x	as long as short