Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.017%

Price spread now: BloFin against 01 Exchange−0.067%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 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—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.067% cheaper against 01 Exchange than usual: you would sell low and buy high (−$7 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	311.45	0.0504	pay 0.0063% / 1h	0m 41s	$3K	$4K	5x
Short	BloFin TAO-USDT	311.24	0.0340	get 0.0170% / 4h	3h 00m	$4.5M	$10.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$34.44
Price spread: −0.067% → 0.000%: −$6.74
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$60.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.13 bp	8.1 bp −$8	11.6 bp −$116	25.5 bp −$2,548	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	311.27	−0.059%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.92	−0.170%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0022%	1h	310.87	−0.186%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.24	−0.067%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.37	−0.026%	$637	$867K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.33	−0.038%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.31	−0.044%	$88.9M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	−0.016%	$26.0M	$120.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.10	−0.112%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.23	−0.071%	$103.1M	$145.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	311.02	−0.138%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.27	−0.058%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.26	−0.061%	$41K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.05	−0.128%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.08	−0.119%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.24	−0.067%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.00	−0.144%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.54	−0.292%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.22	−0.075%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0108%	4h	311.24	−0.067%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.145%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.19	−0.083%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.87	−0.185%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0179%	8h	311.36	−0.029%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0228%	4h	311.40	−0.016%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	+0.106%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.141%	$166K	$333	10x	as long as short
BingX TAO-USDT	+0.0304%	4h	311.43	−0.006%	—	$33.8M	—	as long as short
Nado TAO-PERP	+0.0307%	1h	311.28	−0.055%	$774K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0310%	4h	311.39	−0.019%	$67.3M	$151.0M	50x	as long as short
Extended TAO-USD	+0.0312%	1h	311.60	+0.049%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	311.24	−0.067%	$4.5M	$10.7M	100x
Variational Omni TAO	+0.0350%	4h	311.27	−0.058%	$5.5M	$10.1M	—	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.305%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0465%	1h	311.24	−0.067%	$91.2M	$108.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0481%	1h	311.56	+0.035%	$309K	$885K	10x	as long as short
01 Exchange TAOUSDlong	+0.0504%	1h	311.45	long leg	$3K	$4K	5x
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	311.31	−0.043%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.49	+0.012%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.23	−0.072%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.63	+0.056%	$442K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.02	+0.183%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.374%	$23K	$2K	12x	as long as short