Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0556%/8h= −60.9% APRpaid last 24h −0.081%

Price spread now: edgeX against 01 Exchange−0.910%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and edgeX is 0.910% cheaper against 01 Exchange than usual: you would sell low and buy high (−$91 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	317.17	0.0656	pay 0.0082% / 1h	22m 51s	$3K	$4K	5x
Short	edgeX TAOUSDC	314.28	0.0100	get 0.0050% / 4h	2h 22m	$35K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.910%Rate

Funding earned: −$116.76
Price spread: −0.910% → 0.000%: −$91.04
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$223.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 45 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 edgeX live order book, 45 min ago	7.89 bp	12.4 bp −$12	25.3 bp −$253	doesn't fit	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 42 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
dYdX TAO-USD	0.0000%	1h	316.42	−0.236%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.42	−0.236%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.64	−0.167%	$40K	$631K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.32	+0.047%	$90.9M	$465.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.40	+0.073%	$26.2M	$113.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.10	−0.022%	$12.9M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.22	+0.016%	$110.6M	$138.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.09	−0.025%	$18.2M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.03	−0.044%	$35.3M	$53.6M	50x	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	314.28	−0.910%	$35K	$298K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.766%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.89	−0.088%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.74	−0.136%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.46	−0.224%	$130K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.60	−0.180%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.20	+0.010%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	316.54	−0.199%	$673	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0136%	1h	316.65	−0.164%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.743%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.72	−0.140%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	316.27	−0.283%	$442K	—	100x	as long as short
Bullet TAO-USD	+0.0235%	1h	316.69	−0.151%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0246%	4h	317.01	−0.052%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	316.68	−0.154%	$372K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	316.93	−0.076%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0345%	8h	316.68	−0.153%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.473%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0501%	1h	316.67	−0.158%	$789K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	−0.400%	$330K	$681K	5x	as long as short
01 Exchange TAOUSDlong	+0.0656%	1h	317.17	long leg	$3K	$4K	5x
Deribit TAO_USDC-PERPETUAL	+0.0664%	1h	316.75	−0.132%	$23K	$1.5M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.70	−0.148%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	317.33	+0.050%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.510%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0823%	4h	317.44	+0.085%	$66.6M	$137.9M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	317.36	+0.059%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0919%	1h	317.04	−0.041%	$320K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.98	−0.060%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	316.61	−0.176%	$452K	$631K	5x	as long as short
Hyperliquid TAO	+0.1293%	1h	317.67	+0.156%	$100.7M	$94.8M	5x	as long as short
Lighter TAO	+0.1432%	1h	317.61	+0.139%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.593%	$164K	$40K	10x	as long as short