Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.071%

Price spread now: BloFin against Aevo−0.104%53s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1321.321% of the position

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.104%, 7d avg −0.014%

Together, before fees+0.494%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.090% cheaper against Aevo than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.014%). If the spread goes back, that is −$9 on $10k: about 29 hours of funding at the current rate (+$7 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	312.87	0.0104	pay 0.0013% / 1h	42m 00s	$172K	$998	3x
Short	BloFin TAO-USDT	312.54	0.0351	get 0.0175% / 4h	42m 00s	$4.3M	$10.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.104%Rate

Funding earned: $51.8
Price spread: −0.104% → −0.014%: −$8.97
Slippage, 4 orders: −$104.11
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$89.28
Costs to cover: 1.321%
Break-even: 19.1 days

Slippage from Aevo: live order book, 37 min ago; BloFin: live order book, 7 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, 37 min ago	38.86 bp	55.6 bp −$56	295.0 bp −$2,950	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.43 bp	10.0 bp −$10	18.1 bp −$181	doesn't fit	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
Bulk TAO-USD	−0.4722%	1h	314.01	+0.367%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.81	+0.301%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.75	−0.038%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.487%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.64	+0.248%	$41K	$551K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.93	+0.340%	$372K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.35	−0.164%	$88.3M	$424.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.42	−0.142%	$61.2M	$123.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.30	−0.181%	$25.0M	$100.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.90	−0.308%	$12.7M	$49.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.05	−0.261%	$119.9M	$127.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.24	−0.200%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.81	−0.337%	$34.8M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.32	−0.174%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.83	−0.010%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	+0.144%	$528K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.73	−0.043%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.61	−0.082%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.02	+0.369%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.63	−0.075%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	312.87	long leg	$172K	$998	3x
Katana Perps TAO-USD	+0.0110%	8h	313.47	+0.193%	$2K	$541K	5x	as long as short
Bullet TAO-USD	+0.0133%	1h	313.31	+0.142%	$11K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0152%	1h	313.77	+0.289%	$77K	$521K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.10	+0.395%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	+0.198%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0190%	8h	314.03	+0.371%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0210%	4h	312.32	−0.175%	$1.1M	$7.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0216%	1h	312.82	−0.014%	$19K	$1.4M	25x	as long as short
ApeX Omni TAOUSDT	+0.0226%	1h	312.79	−0.024%	$47K	$270K	50x	as long as short
BloFin TAO-USDTshort	+0.0351%	4h	312.54	−0.104%	$4.3M	$10.2M	100x
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.75	−0.037%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	312.74	−0.040%	$450K	—	100x	as long as short
Nado TAO-PERP	+0.0513%	1h	313.62	+0.240%	$833K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.085%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0570%	1h	312.50	−0.117%	$300K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.37	+0.162%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	313.89	+0.328%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0872%	1h	312.05	−0.260%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.567%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.84	+0.312%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1408%	1h	313.25	+0.123%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1981%	1h	312.80	−0.021%	$97.4M	$83.3M	5x	as long as short