Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h 0.000%

Price spread now: Bullet against Binance−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Bullet

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	314.53	0.0100	pay 0.0050% / 4h	3h 02m	$90.1M	$452.3M	75x
Short	Bullet TAO-USD	314.49	0.0109	get 0.0014% / 1h	2m 29s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Binance. 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 BinancebpFee BulletbpOrdersPrice spread, now −0.013%Rate

Funding earned: $1.96
Price spread: −0.013% → 0.000%: −$1.27
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$17.32
Costs to cover: 0.180%
Break-even: 69.0 days

Slippage unknown: Binance: live order book, 11 min ago; Bullet: 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 Binance live order book, 11 min ago	0.16 bp	9.1 bp −$9	18.6 bp −$186	45.7 bp −$4,566	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Bulk TAO-USD	−0.1228%	1h	316.14	+0.512%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.65	+0.037%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.56	+0.010%	$14K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.66	+0.041%	$44K	$605K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	314.53	long leg	$90.1M	$452.3M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.010%	$25.6M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.073%	$12.8M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.63	+0.032%	$99.8M	$137.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.55	+0.006%	$18.3M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.30	−0.073%	$35.0M	$51.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.06	+0.803%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	+0.579%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.92	+0.124%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.86	+0.105%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.14	+0.194%	$126K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.22	+0.219%	$173K	$998	3x	as long as short
Bullet TAO-USDshort	+0.0109%	1h	314.49	−0.013%	$12K	$17K	20x
ApeX Omni TAOUSDT	+0.0117%	1h	316.47	+0.617%	$48K	$267K	50x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	314.92	+0.124%	$644	$648K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	314.37	−0.050%	$446K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	314.74	+0.067%	$373K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	314.57	+0.013%	$83K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	315.09	+0.179%	$1.3M	$8.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	314.44	−0.030%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0260%	1h	314.64	+0.035%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.26	−0.086%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	314.85	+0.100%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0487%	1h	314.57	+0.012%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.00	+0.785%	$332K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	314.68	+0.048%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+1.885%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	+0.714%	$5.5M	$8.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.60	+0.022%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	314.46	−0.022%	—	$30.7M	—	as long as short
Phemex TAOUSDT	+0.0706%	4h	314.49	−0.013%	$3.4M	$7.8M	50x	as long as short
Nado TAO-PERP	+0.0746%	1h	314.59	+0.020%	$778K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0752%	4h	314.60	+0.022%	$64.8M	$133.9M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0796%	1h	315.21	+0.216%	$319K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	314.95	+0.134%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	314.39	−0.046%	$879K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	314.41	−0.038%	$417K	$602K	5x	as long as short
Lighter TAO	+0.1408%	1h	315.51	+0.310%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1730%	1h	314.94	+0.130%	$100.8M	$91.7M	5x	as long as short