Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.002%

Price spread now: Binance against Aevo−0.086%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.086%, 7d avg −0.037%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.049% cheaper against Aevo than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.037%). If the spread goes back, that is −$5 on $10k: about 3.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	319.84	0.0128	pay 0.0016% / 1h	12m 48s	$176K	$998	3x
Short	Binance TAOUSDT	319.56	0.0180	get 0.0090% / 4h	12m 48s	$92.5M	$532.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.086%Rate

Funding earned: $10.86
Price spread: −0.086% → −0.037%: −$4.87
Slippage, 4 orders: −$131.11
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$151.12
Costs to cover: 1.571%
Break-even: 104.4 days

Slippage from Aevo: live order book, 26 min ago; Binance: live order book, 16 min ago.

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 Aevo live order book, 26 min ago	53.11 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.16 bp	8.2 bp −$8	13.2 bp −$132	28.8 bp −$2,875	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.52	−0.099%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0074%	1h	318.96	−0.275%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.87	+0.011%	$46K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	−0.105%	$26.6M	$132.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.30	−0.167%	$14.8M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.46	−0.117%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.15	−0.214%	$35.9M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.41	−0.758%	$46K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.71	−0.039%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.39	−0.139%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.29	−0.170%	$117K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0139%	1h	316.95	−0.901%	$404K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.65	−0.058%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERPlong	+0.0128%	1h	319.84	long leg	$176K	$998	3x
Orderly PERP_TAO_USDC	+0.0172%	4h	319.82	−0.005%	$52K	$294K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	319.53	−0.095%	$103.9M	$152.6M	300x	as long as short
Binance TAOUSDTshort	+0.0180%	4h	319.56	−0.086%	$92.5M	$532.0M	75x
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.749%	$42K	$321K	10x	as long as short
BingX TAO-USDT	+0.0258%	4h	319.51	−0.102%	—	$37.3M	—	as long as short
Paradex TAO-USD-PERP	+0.0258%	8h	319.71	−0.038%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0273%	4h	319.62	−0.067%	$70.1M	$157.1M	50x	as long as short
Bullet TAO-USD	+0.0292%	1h	319.62	−0.066%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.69	−0.047%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	318.09	−0.546%	$541K	$907K	10x	as long as short
Aster TAOUSDT	+0.0342%	4h	319.52	−0.099%	$1.3M	$11.0M	50x	as long as short
Phemex TAOUSDT	+0.0352%	4h	319.63	−0.064%	$3.2M	$8.2M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.34	−0.155%	$908K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0420%	4h	319.77	−0.020%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0455%	1h	319.80	−0.010%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	320.04	+0.064%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0560%	4h	318.03	−0.566%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0584%	1h	320.11	+0.086%	$1.6M	$6.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0606%	1h	319.87	+0.011%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	318.40	−0.449%	$320K	$703K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	320.25	+0.130%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0695%	1h	319.79	−0.014%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.64	−0.061%	$368	—	20x	as long as short
Hyperliquid TAO	+0.0714%	1h	319.64	−0.061%	$94.5M	$110.7M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0828%	1h	319.90	+0.020%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.82	−0.004%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.04	+0.064%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.833%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.324%	$23K	$2K	12x	as long as short