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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0304%/8h= −33.3% APRnext payment $0.38 per $10,000 · paid last 24h −0.080%
Price spread now: Pacifica against 01 Exchange−0.317%55s7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Pacifica is 0.317% cheaper against 01 Exchange than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD320.000.0752pay 0.0094% / 1h41m 43s$3K$4K5x
ShortPacifica TAO318.990.0448get 0.0056% / 1h41m 43s$376K$396K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$63.86
Price spread: −0.317% → 0.000%
−$31.69
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$110.54
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Pacifica: live order book, 22 min ago. 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 Pacifica live order book, 22 min ago3.77 bp10.5 bp −$11doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.3652%1h316.49−1.097%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h318.47−0.478%$127K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.02−0.306%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h319.69−0.097%$45K$653K20xas long as short
Binance TAOUSDT+0.0100%4h318.98−0.319%$92.4M$470.9M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.10−0.281%$26.3M$116.4M50xas long as short
Gate TAO_USDT+0.0100%4h318.90−0.344%$13.0M$49.3M50xas long as short
MEXC TAO_USDT+0.0100%4h319.12−0.275%$106.2M$139.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.00−0.313%$18.0M$30.8M75xas long as short
Bitget TAOUSDT+0.0100%4h318.42−0.494%$35.5M$53.8M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h317.72−0.711%$36K$302K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h319.23−0.241%$76K$759K5xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.35−0.203%$58K$282K10xas long as short
SunX TAO-USDT+0.0100%4h319.07−0.291%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.59−0.128%$130K$478K20xas long as short
Phemex TAOUSDT+0.0100%4h318.97−0.322%$3.4M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h319.47−0.166%$175K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h319.55−0.141%$1K$752K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0163% / S +0.0106%1h318.95−0.328%$434K100xas long as short
GRVT TAO_USDT_Perp+0.0206%4h316.82−0.993%$523K$955K10xas long as short
Kraken Futures PF_TAOUSD+0.0246%1h319.37−0.198%$5.6M$20.5M50xas long as short
Bullet TAO-USD+0.0286%1h319.37−0.197%$12K$18K20xas long as short
Aster TAOUSDT+0.0322%4h318.90−0.344%$1.2M$9.3M50xas long as short
Paradex TAO-USD-PERP+0.0331%8h318.95−0.329%$14K$1K10xas long as short
BloFin TAO-USDT+0.0340%4h318.53−0.459%$4.5M$10.4M100xas long as short
Pacifica TAOshort+0.0448%1h318.99−0.317%$376K$396K10x
Phoenix TAO+0.0504%1h318.30−0.531%$333K$707K5xas long as short
Arcus TAO-USD+0.0509%1h319.41−0.184%$101K$489K5xas long as short
Nado TAO-PERP+0.0525%1h319.58−0.130%$770K$2.1M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0535%1h319.27−0.228%$18K$1.6M25xas long as short
BingX TAO-USDT+0.0642%4h319.14−0.269%$30.3Mas long as short
Bybit TAOUSDT+0.0658%4h319.31−0.216%$68.1M$139.8M50xas long as short
Reya TAORUSDPERP+0.0696%1h319.26−0.232%$36720xas long as short
01 Exchange TAOUSDlong+0.0752%1h320.00long leg$3K$4K5x
Variational Omni TAO+0.0885%4h316.62−1.056%$5.9M$9.7Mas long as short
Extended TAO-USD+0.0920%1h318.97−0.322%$921K$2.3M25xas long as short
Lighter TAO+0.0960%1h319.19−0.254%$1.6M$6.3M5xas long as short
Backpack TAO_USDC_PERP+0.0960%1h319.59−0.128%$439K$860K10xas long as short
ApeX Omni TAOUSDT+0.0992%1h317.14−0.894%$47K$254K50xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h320.000.000%$1.5M$6.5M50xas long as short
RISEx TAO/USDC+0.1159%1h319.34−0.207%$453K$627K5xas long as short
Hyperliquid TAO+0.1386%1h319.19−0.253%$100.2M$98.8M5xas long as short
Injective TAO/USDC PERP+0.4172%1h319.69−0.097%$23K$2K12xas long as short