Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0011%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.556%
Price spread now: Injective against 01 Exchange+0.477%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Injective is 0.477% dearer against 01 Exchange than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD316.260.0560pay 0.0070% / 1h12m 32s$3K$4K5x
ShortInjective TAO/USDC PERP317.770.0571get 0.0071% / 1h12m 32s$23K$80212x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$2.4
Price spread: +0.477% → 0.000%
$47.75
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$43.13
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Injective no order-book sample
01 Exchange and Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1821%1h318.67+0.762%$169K$40K10xas long as short
dYdX TAO-USD0.0000%1h315.74−0.165%$126K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.03−0.073%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h316.17−0.028%$42K$598K20xas long as short
Binance TAOUSDT+0.0100%4h316.17−0.028%$90.7M$450.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.20−0.019%$25.7M$108.8M50xas long as short
Gate TAO_USDT+0.0100%4h315.70−0.177%$12.8M$51.1M50xas long as short
MEXC TAO_USDT+0.0100%4h316.15−0.035%$98.9M$136.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h316.05−0.066%$17.9M$29.4M75xas long as short
Bitget TAOUSDT+0.0100%4h316.06−0.063%$35.2M$51.3M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h316.13−0.041%$40K$294K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h316.19−0.023%$524K$958K10xas long as short
Bullet TAO-USD+0.0100%1h316.35+0.028%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h316.24−0.006%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.17−0.028%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h316.44+0.057%$126K$422K20xas long as short
Phemex TAOUSDT+0.0100%4h316.78+0.164%$3.4M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h316.88+0.194%$174K$9983xas long as short
Katana Perps TAO-USD+0.0122%8h316.27+0.003%$1K$636K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0097%1h316.06−0.065%$453K100xas long as short
Pacifica TAO+0.0185%1h316.15−0.036%$375K$375K10xas long as short
Arcus TAO-USD+0.0201%1h316.35+0.028%$84K$550K5xas long as short
Aster TAOUSDT+0.0206%4h316.08−0.056%$1.2M$8.8M50xas long as short
Paradex TAO-USD-PERP+0.0232%8h316.08−0.057%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0247%1h316.30+0.013%$17K$1.5M25xas long as short
ApeX Omni TAOUSDT+0.0247%1h316.20−0.019%$48K$267K50xas long as short
Polymarket Perps TAO-USD+0.0269%1h316.44+0.057%$92K$633K5xas long as short
BloFin TAO-USDT+0.0340%4h316.46+0.063%$4.5M$10.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0485%1h316.40+0.043%$5.7M$20.3M50xas long as short
Variational Omni TAO+0.0516%4h316.67+0.128%$5.5M$8.7Mas long as short
Phoenix TAO+0.0525%1h316.60+0.108%$331K$624K5xas long as short
01 Exchange TAOUSDlong+0.0560%1h316.26long leg$3K$4K5x
Injective TAO/USDC PERPshort+0.0571%1h317.77+0.477%$23K$80212x
BingX TAO-USDT+0.0609%4h316.27+0.003%$30.4Mas long as short
Bybit TAOUSDT+0.0673%4h316.40+0.044%$65.2M$133.4M50xas long as short
Reya TAORUSDPERP+0.0695%1h316.26+0.001%$36420xas long as short
Nado TAO-PERP+0.0764%1h316.03−0.074%$877K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0805%1h316.37+0.035%$320K$816K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.34+0.341%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1112%1h316.12−0.044%$886K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h316.15−0.034%$418K$593K5xas long as short
Lighter TAO+0.1424%1h316.22−0.012%$1.7M$6.1M5xas long as short
Hyperliquid TAO+0.1848%1h316.61+0.111%$101.4M$91.8M5xas long as short