Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Binance+0.481%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.326%−$33 · spread now +0.481%, 7d avg −0.010%

Together, before fees−0.326%+ Points / potential airdropedgeX: Active · farm board−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.491% dearer against Binance than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	313.65	0.0100	pay 0.0050% / 4h	3h 01m	$90.1M	$452.9M	75x
Short	edgeX TAOUSDC	315.16	0.0100	get 0.0050% / 4h	3h 01m	$40K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.481%Rate

Funding earned: $0
Price spread: +0.481% → −0.010%: $49.1
Slippage, 4 orders: −$24.39
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $5.71
Costs to cover: 0.434%
Break-even: from the start

Slippage from Binance: live order book, 12 min ago; edgeX: 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 Binance live order book, 12 min ago	0.16 bp	9.1 bp −$9	18.6 bp −$186	45.7 bp −$4,566	doesn't fit
Sell edgeX live order book, 7 min ago	7.89 bp	12.4 bp −$12	25.3 bp −$253	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	−0.1228%	1h	316.14	+0.793%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.92	+0.086%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	313.53	−0.040%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.76	+0.035%	$42K	$605K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	313.65	long leg	$90.1M	$452.9M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	313.60	−0.016%	$25.5M	$108.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	−0.016%	$12.7M	$51.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.69	+0.012%	$100.6M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.90	+0.079%	$18.2M	$29.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.74	+0.028%	$34.9M	$51.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDCshort	+0.0100%	4h	315.16	+0.481%	$40K	$294K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	+0.861%	$524K	$958K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.60	+0.302%	$48K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.55	−0.032%	$56K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.88	+0.073%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.03	+0.121%	$125K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.55	+0.285%	$173K	$998	3x	as long as short
Bullet TAO-USD	+0.0112%	1h	313.83	+0.057%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0113%	1h	314.05	+0.126%	$16K	$1.5M	25x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	313.76	+0.035%	$1K	$648K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0105%	1h	313.46	−0.061%	$442K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	314.21	+0.178%	$372K	$376K	10x	as long as short
Aster TAOUSDT	+0.0191%	4h	313.75	+0.031%	$1.3M	$9.0M	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	314.17	+0.165%	$83K	$550K	5x	as long as short
Paradex TAO-USD-PERP	+0.0239%	8h	314.07	+0.135%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0259%	1h	313.93	+0.089%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.26	+0.194%	$4.4M	$10.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0488%	1h	314.08	+0.135%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	313.80	+0.047%	$328K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	313.96	+0.098%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+2.171%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	+0.996%	$5.5M	$8.7M	—	as long as short
Phemex TAOUSDT	+0.0593%	4h	314.20	+0.175%	$3.4M	$7.8M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	313.94	+0.091%	$361	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	313.83	+0.057%	—	$30.7M	—	as long as short
Nado TAO-PERP	+0.0749%	1h	313.98	+0.105%	$778K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0772%	4h	313.81	+0.050%	$64.0M	$134.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0797%	1h	313.64	−0.004%	$317K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	314.86	+0.385%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	313.85	+0.062%	$874K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	313.82	+0.053%	$416K	$602K	5x	as long as short
Lighter TAO	+0.1432%	1h	314.45	+0.255%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1719%	1h	314.11	+0.146%	$100.5M	$91.8M	5x	as long as short