Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0314%/8h= −34.4% APRpaid last 24h −0.102%

Price spread now: BloFin against Reya+0.004%46s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 46 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	Reya TAORUSDPERP	315.34	0.0698	pay 0.0087% / 1h	33m 40s	$363	—	20x
Short	BloFin TAO-USDT	315.35	0.0384	get 0.0192% / 4h	3h 33m	$4.8M	$10.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Reya. 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 ReyabpFee BloFinbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$66.01
Price spread: +0.004% → 0.000%: $0.41
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$83.6
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	1.43 bp	8.9 bp −$9	13.9 bp −$139	33.0 bp −$3,300	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.02	−0.100%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.32	−0.005%	$49K	$700K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.13	−0.383%	$643	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.265%	$26.3M	$128.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.10	−0.392%	$14.9M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.62	−0.227%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.10	−0.392%	$35.4M	$57.4M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.10	−0.075%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.97	−0.116%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.46	+0.039%	$115K	$588K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	315.53	+0.061%	$3.2M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0118%	4h	315.10	−0.074%	$539K	$877K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.76	+0.134%	$173K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0124%	1h	315.68	+0.109%	$45K	$257K	50x	as long as short
Bulk TAO-USD	+0.0125%	1h	316.13	+0.251%	$168K	$0	10x	as long as short
MEXC TAO_USDT	+0.0142%	4h	314.54	−0.253%	$104.7M	$151.9M	300x	as long as short
Binance TAOUSDT	+0.0143%	4h	314.55	−0.251%	$91.6M	$525.6M	75x	as long as short
edgeX TAOUSDC	+0.0154%	4h	315.22	−0.037%	$42K	$320K	10x	as long as short
dYdX TAO-USD	+0.0188%	1h	314.05	−0.408%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0211%	4h	315.88	+0.172%	$54K	$298K	10x	as long as short
Bullet TAO-USD	+0.0227%	1h	315.54	+0.064%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0239%	8h	314.38	−0.304%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0308%	4h	314.28	−0.335%	—	$37.2M	—	as long as short
Aster TAOUSDT	+0.0309%	4h	314.47	−0.276%	$1.2M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0344%	1h	314.27	−0.340%	$894K	$2.3M	25x	as long as short
Bybit TAOUSDT	+0.0346%	4h	314.49	−0.269%	$69.0M	$154.9M	50x	as long as short
Pacifica TAO	+0.0349%	1h	314.62	−0.227%	$369K	$440K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	315.20	−0.044%	$370K	—	100x	as long as short
BloFin TAO-USDTshort	+0.0384%	4h	315.35	+0.004%	$4.8M	$10.7M	100x
Arcus TAO-USD	+0.0404%	1h	314.64	−0.221%	$99K	$362K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0426%	1h	315.88	+0.173%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0488%	1h	315.95	+0.195%	$769K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0520%	1h	315.03	−0.097%	$92.8M	$108.6M	5x	as long as short
Phoenix TAO	+0.0578%	1h	315.80	+0.147%	$318K	$714K	5x	as long as short
Lighter TAO	+0.0592%	1h	314.71	−0.198%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	314.54	−0.253%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0614%	4h	315.43	+0.030%	$5.6M	$10.1M	—	as long as short
Backpack TAO_USDC_PERP	+0.0680%	1h	315.50	+0.052%	$311K	$1.0M	10x	as long as short
Reya TAORUSDPERPlong	+0.0698%	1h	315.34	long leg	$363	—	20x
Kraken Futures PF_TAOUSD	+0.0788%	1h	315.79	+0.143%	$6.0M	$21.1M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	314.25	−0.343%	$435K	$678K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.79	+0.144%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+0.917%	$23K	$2K	12x	as long as short