Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.081%

Price spread now: Bitget against 01 Exchange−0.003%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 Bitget

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	313.49	0.0640	pay 0.0080% / 1h	28m 34s	$3K	$4K	5x
Short	Bitget TAOUSDT	313.48	0.0100	get 0.0050% / 4h	28m 34s	$35.0M	$46.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$113.4
Price spread: −0.003% → 0.000%: −$0.32
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$132.72
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bitget: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.64 bp	9.2 bp −$9	19.4 bp −$194	32.5 bp −$3,245	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	−0.4493%	1h	315.57	+0.663%	$169K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.46	−0.010%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.15	+0.209%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.466%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.23	−0.083%	$35K	$565K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.74	+0.079%	$371K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.69	+0.065%	$89.1M	$426.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.44	−0.016%	$61.5M	$124.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.50	+0.003%	$25.2M	$101.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	+0.035%	$12.7M	$49.6M	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	313.58	+0.029%	$109.7M	$129.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.62	+0.041%	$18.8M	$27.7M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	313.48	−0.003%	$35.0M	$46.5M	50x
BingX TAO-USDT	+0.0100%	4h	313.63	+0.045%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.36	+0.595%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.05	−0.141%	$519K	$956K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.35	+0.274%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.26	+0.246%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.29	+0.255%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.73	+0.077%	$127K	$401K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.41	+0.293%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.52	+0.330%	$173K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0106%	1h	314.08	+0.188%	$77K	$489K	5x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.36	−0.041%	$1K	$552K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.89	+0.128%	$83K	$586K	5x	as long as short
Paradex TAO-USD-PERP	+0.0192%	8h	313.59	+0.031%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	315.38	+0.603%	$47K	$267K	50x	as long as short
Aster TAOUSDT	+0.0196%	4h	313.71	+0.071%	$1.1M	$7.9M	50x	as long as short
Variational Omni TAO	+0.0200%	4h	313.88	+0.124%	$4.0M	$7.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0336%	1h	314.44	+0.303%	$21K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.04	+0.175%	$4.3M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0446%	1h	313.78	+0.092%	$830K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0447%	1h	314.47	+0.314%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	314.19	+0.223%	$449K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0529%	1h	314.41	+0.293%	$298K	$801K	10x	as long as short
Phoenix TAO	+0.0537%	1h	314.20	+0.226%	$329K	$521K	5x	as long as short
01 Exchange TAOUSDlong	+0.0640%	1h	313.49	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0695%	1h	314.21	+0.229%	$361	—	20x	as long as short
Extended TAO-USD	+0.0864%	1h	313.53	+0.014%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.55	+0.338%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1216%	1h	314.13	+0.205%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.43	−0.018%	$437K	$567K	5x	as long as short
Hyperliquid TAO	+0.1753%	1h	314.11	+0.198%	$97.9M	$83.8M	5x	as long as short