Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0302%/8h= −33.0% APRpaid last 24h −0.088%

Price spread now: Katana Perps against 01 Exchange−0.089%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 Katana Perps

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 −$9 a day on $10k at the current rate, and Katana Perps is 0.089% cheaper against 01 Exchange than usual: you would sell low and buy high (−$9 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	313.00	0.0400	pay 0.0050% / 1h	50m 47s	$3K	$4K	5x
Short	Katana Perps TAO-USD	312.72	0.0098	get 0.0098% / 8h	3h 50m	$640	$808K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$63.37
Price spread: −0.089% → 0.000%: −$8.95
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$83.12
Costs to cover: 0.108%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Katana Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Katana Perps no order-book sample	—	—	—	—	—

01 Exchange and Katana Perps: 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	−0.0348%	1h	312.05	−0.305%	$5.5M	$20.6M	50x	as long as short
Gate TAO_USDT	−0.0174%	4h	312.30	−0.224%	$13.0M	$49.3M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	312.75	−0.081%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.20	−0.256%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.89	−0.035%	$43K	$653K	20x	as long as short
Katana Perps TAO-USDshort	+0.0098%	8h	312.72	−0.089%	$640	$808K	5x
Pacifica TAO	+0.0100%	1h	313.11	+0.036%	$357K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.60	−0.127%	$90.1M	$496.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.67	−0.105%	$67.4M	$149.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	−0.128%	$25.9M	$120.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	+0.0100%	1h	315.10	+0.671%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.65	−0.112%	$101.1M	$143.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.42	−0.185%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.29	−0.227%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.57	−0.137%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.18	+0.376%	$42K	$312K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.25	+0.399%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.66	−0.109%	$81K	$866K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.58	−0.133%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.24	−0.243%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.74	−0.403%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.30	−0.224%	$172K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0112%	4h	314.50	+0.480%	$533K	$955K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	312.18	−0.262%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0140%	4h	312.32	−0.217%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0125%	1h	312.15	−0.272%	$424K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	313.15	+0.047%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0143%	1h	312.38	−0.198%	$91.6M	$106.7M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	312.50	−0.161%	$918K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0230%	1h	312.20	−0.254%	$21K	$1.7M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	313.15	+0.048%	$101K	$441K	5x	as long as short
Nado TAO-PERP	+0.0240%	1h	312.95	−0.015%	$794K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.43	−0.182%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0346%	4h	312.61	−0.125%	$5.6M	$10.0M	—	as long as short
Lighter TAO	+0.0360%	1h	312.45	−0.175%	$1.5M	$6.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0388%	1h	312.25	−0.240%	$310K	$914K	10x	as long as short
01 Exchange TAOUSDlong	+0.0400%	1h	313.00	long leg	$3K	$4K	5x
Phoenix TAO	+0.0457%	1h	313.90	+0.288%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.66	−0.108%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.87	−0.043%	$434K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.56	−0.141%	$1.5M	$6.6M	50x	as long as short
Phemex TAOUSDT	+0.1673%	4h	312.34	−0.211%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.399%	$23K	$2K	12x	as long as short