Funding arb · Price arb / Crypto

TAO

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LONGTxFlow▾ApeX Omni −0.1270%GRVT −0.1056%Kraken Futures −0.0992%Lighter −0.0888%Deribit −0.0768%Nado −0.0594%Gate −0.0516%OKX −0.0460%Binance −0.0413%MEXC −0.0412%N1 −0.0392%Bybit −0.0330%Paradex −0.0288%BloFin −0.0173%Phoenix −0.0171%RISEx −0.0159%Orderly −0.0114%Bullet −0.0082%Extended −0.0024%Aevo −0.0024%dYdX 0.0000%KuCoin +0.0002%Bitget +0.0028%BingX +0.0048%AZverse +0.0048%Phemex +0.0061%Popdex +0.0096%Katana Perps +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Arcus +0.0100%Backpack +0.0100%Variational Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%HTX +0.0100%GMX +0.0110%TxFlow +0.0128%Avantis +0.0237%gTrade (Gains Network) +0.0295%Injective +0.0589%

⇄⇅

SHORTedgeX▾Injective +0.0589%gTrade (Gains Network) −0.0127%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Arcus +0.0100%Backpack +0.0100%Variational Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%HTX +0.0100%Katana Perps +0.0100%Popdex +0.0096%Phemex +0.0061%BingX +0.0048%AZverse +0.0048%Bitget +0.0028%KuCoin +0.0002%dYdX 0.0000%Extended −0.0024%Aevo −0.0024%Avantis +0.0039%Bullet −0.0082%Orderly −0.0114%GMX +0.0126%RISEx −0.0159%Phoenix −0.0171%BloFin −0.0173%Paradex −0.0288%Bybit −0.0330%N1 −0.0392%MEXC −0.0412%edgeX −0.0412%Binance −0.0413%OKX −0.0460%Gate −0.0516%Nado −0.0594%Deribit −0.0768%Lighter −0.0888%Kraken Futures −0.0992%GRVT −0.1056%ApeX Omni −0.1270%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowTAO-USDC	229.55	+0.0128	pay 0.0016% / 1h	57m 55s	$831K	$1.2M	50x	Long TxFlow5% off
SHORT	edgeXTAOUSDC	229.07	−0.0412	pay 0.0206% / 4h	2h 57m	$27K	$243K	10x	Short edgeX

Price gap−0.211%60s

Funding gap−0.0540% /8h

Both sides work against this direction now: funding costs $16 a day on $10k and the gap is 0.205% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.042% in total, about −0.0020%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.211%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

TxFlowedgeX

TAO on 43 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Large against open interest7.5 / 11.2 bp

  $10k is over 10% of edgeX’s open interest.
• i
  Note: Margin at max leverage$200 + $1,000

  TxFlow 50x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 4h

  Payments land at different times. Close right after the slower leg pays.

  Long TxFlow · 1h−$3.85

  Short edgeX · 4h−$12.36

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$16.21Long TxFlow: 24 payments, −$3.85; short edgeX: 6 payments, −$12.36.
• !
  Watch: Prices read 60 s apart−0.211% vs −0.006%

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$27K vs $831K OI

  edgeX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points · edgeX points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legTxFlow No · edgeX No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0020%/8h × 21 periods−$4.24

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$20.08

Fee TxFlow bp × 2 orders−$9.00

Fee edgeX bp × 2 orders−$9.00

Net · 7 days · $10k−$42.31

price spread not counted: prices read too far apart

Costs to cover0.381%Break-evennever at this rate

Slippage: TxFlow: live order book, 4 min ago; edgeX: live order book, 29 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGTxFlow0.657.5 bp−$715.0 bp−$15088.6 bp−$8,856doesn’t fit

SELL · SHORTedgeX6.6611.2 bp−$1128.4 bp−$284doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

TAO news

posts that mention TAO, from every exchangeSearch all news →

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