Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0764%/8h= −83.7% APRpaid last 24h −0.078%

Price spread now: Binance against 01 Exchange−0.119%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Binance is 0.119% cheaper against 01 Exchange than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	313.52	0.0864	pay 0.0108% / 1h	52m 37s	$3K	$4K	5x
Short	Binance TAOUSDT	313.15	0.0100	get 0.0050% / 4h	52m 37s	$88.7M	$420.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against 01 Exchange. 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 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.119%Rate

Funding earned: −$160.44
Price spread: −0.119% → 0.000%: −$11.89
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$189.33
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 6 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 6 min ago	0.16 bp	7.9 bp −$8	14.8 bp −$148	35.9 bp −$3,585	doesn't fit

01 Exchange: 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
Bulk TAO-USD	−0.1120%	1h	305.94	−2.418%	$164K	$52K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.29	−0.391%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.34	−0.377%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	308.73	−1.528%	$22K	$259	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.17	−0.112%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.82	−0.224%	$370K	$370K	10x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	313.15	−0.119%	$88.7M	$420.9M	75x
Bybit TAOUSDT	+0.0100%	4h	313.10	−0.134%	$61.1M	$123.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.198%	$25.1M	$99.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.60	−0.293%	$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	−0.166%	$119.7M	$125.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.76	−0.242%	$19.1M	$27.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.68	−0.268%	$35.1M	$46.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.22	−0.096%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.17	+0.206%	$41K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.25	+0.234%	$520K	$950K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.46	−0.338%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.43	−0.348%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.84	−0.217%	$128K	$393K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.21	−0.418%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.58	−0.301%	$172K	$998	3x	as long as short
Bullet TAO-USD	+0.0106%	1h	312.58	−0.299%	$11K	$17K	20x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.05	−0.150%	$3K	$536K	5x	as long as short
Polymarket Perps TAO-USD	+0.0135%	1h	313.26	−0.083%	$77K	$524K	5x	as long as short
Variational Omni TAO	+0.0177%	4h	314.40	+0.281%	$3.9M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	312.87	−0.207%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.25	−0.086%	$80K	$644K	5x	as long as short
Aster TAOUSDT	+0.0202%	4h	312.65	−0.278%	$1.1M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.50	−0.325%	$4.3M	$9.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0358%	1h	312.56	−0.305%	$19K	$1.4M	25x	as long as short
ApeX Omni TAOUSDT	+0.0361%	1h	314.07	+0.175%	$47K	$269K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	312.52	−0.318%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.22	−0.414%	$448K	—	100x	as long as short
Nado TAO-PERP	+0.0495%	1h	313.01	−0.161%	$838K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.70	−0.262%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0544%	1h	312.73	−0.252%	$299K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.78	−0.237%	$360	—	20x	as long as short
Extended TAO-USD	+0.0792%	1h	313.17	−0.113%	$864K	$2.1M	25x	as long as short
01 Exchange TAOUSDlong	+0.0864%	1h	313.52	long leg	$3K	$4K	5x
Coinbase International TAO-PERP-INTX	+0.0960%	1h	312.86	−0.211%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.33	−0.061%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1352%	1h	313.12	−0.127%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2282%	1h	313.23	−0.092%	$98.1M	$82.7M	5x	as long as short