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−0.0760%/8h= −83.2% APRnext payment $0.95 per $10,000 · paid last 24h −0.079%
Price spread now: Popdex against 01 Exchange−0.138%7-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 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 against this trade now: funding costs −$23 a day on $10k at the current rate, and Popdex is 0.138% cheaper against 01 Exchange than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD319.070.0856pay 0.0107% / 1h56m 52s$3K$4K5x
ShortPopdex TAOUSDT318.630.0096get 0.0012% / 1h56m 52s$39K$575K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$159.6
Price spread: −0.138% → 0.000%
−$13.79
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$186.79
Costs to cover
0.134%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Popdex: live order book, 17 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 Popdex live order book, 17 min ago1.12 bp11.3 bp −$1189.1 bp −$891doesn'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−0.1799%1h311.96−2.228%$167K$44K10xas long as short
dYdX TAO-USD0.0000%1h318.22−0.266%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.94+0.274%$21K150xas long as short
Popdex TAOUSDTshort+0.0096%1h318.63−0.138%$39K$575K20x
Katana Perps TAO-USD+0.0100%8h318.71−0.113%$1K$589K5xas long as short
Binance TAOUSDT+0.0100%4h319.50+0.134%$91.3M$437.3M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.00−0.022%$25.8M$106.2M50xas long as short
Gate TAO_USDT+0.0100%4h319.30+0.072%$12.9M$49.4M50xas long as short
MEXC TAO_USDT+0.0100%4h319.42+0.110%$104.4M$130.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.45+0.119%$19.0M$28.2M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h319.070.000%$35.7M$48.6M50xas long as short
edgeX TAOUSDC+0.0100%4h319.13+0.018%$42K$281K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h317.42−0.516%$531K$942K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.82−1.019%$47K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h320.04+0.304%$57K$314K10xas long as short
SunX TAO-USDT+0.0100%4h319.98+0.285%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h319.89+0.257%$128K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h319.57+0.157%$3.5M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h321.87+0.878%$177K$9983xas long as short
Deribit TAO_USDC-PERPETUAL+0.0170%1h319.99+0.289%$27K$1.5M25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0071%1h319.83+0.237%$454K100xas long as short
Pacifica TAO+0.0185%1h318.64−0.135%$377K$371K10xas long as short
Arcus TAO-USD+0.0201%1h319.070.000%$84K$545K5xas long as short
Aster TAOUSDT+0.0207%4h319.56+0.153%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0212%8h318.68−0.123%$14K$1K10xas long as short
Variational Omni TAO+0.0233%4h316.35−0.852%$5.4M$8.5Mas long as short
BingX TAO-USDT+0.0279%4h319.57+0.157%$30.7Mas long as short
BloFin TAO-USDT+0.0340%4h320.00+0.291%$4.4M$10.8M100xas long as short
Bullet TAO-USD+0.0360%1h320.19+0.351%$12K$17K20xas long as short
Kraken Futures PF_TAOUSD+0.0479%1h319.95+0.276%$5.8M$20.2M50xas long as short
Polymarket Perps TAO-USD+0.0523%1h319.54+0.147%$118K$613K5xas long as short
Phoenix TAO+0.0537%1h319.30+0.072%$335K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.85−0.382%$23K$37012xas long as short
Bybit TAOUSDT+0.0629%4h319.52+0.141%$65.5M$129.6M50xas long as short
Reya TAORUSDPERP+0.0695%1h319.40+0.104%$36720xas long as short
01 Exchange TAOUSDlong+0.0856%1h319.07long leg$3K$4K5x
Nado TAO-PERP+0.0901%1h319.24+0.054%$884K$2.0M10xas long as short
Extended TAO-USD+0.0968%1h319.23+0.049%$927K$2.2M25xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h320.81+0.545%$1.5M$6.0M50xas long as short
RISEx TAO/USDC+0.1141%1h318.78−0.091%$419K$585K5xas long as short
Backpack TAO_USDC_PERP+0.1201%1h319.68+0.191%$317K$817K10xas long as short
Lighter TAO+0.1912%1h320.60+0.478%$1.7M$5.8M5xas long as short
Hyperliquid TAO+0.2948%1h320.43+0.426%$104.6M$88.2M5xas long as short