Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.018%
Price spread now: Pacifica against Binance−0.025%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$320.322% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.071%+$7 on $10k
Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.025%, 7d avg +0.008%
Together, before fees+0.121%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.071% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT313.740.0136pay 0.0068% / 4h3h 26m$91.6M$524.5M75x
ShortPacifica TAO313.660.0349get 0.0044% / 1h26m 33s$362K$445K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$44.63
Price spread: −0.025% → +0.008%
−$3.29
Slippage, 4 orders
−$14.16
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$9.18
Costs to cover
0.322%
Break-even
5.6 days
Slippage from Binance: live order book, 2 min ago; Pacifica: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago0.16 bp7.6 bp −$815.2 bp −$15239.9 bp −$3,988doesn't fit
Sell Pacifica live order book, 7 min ago1.75 bp9.4 bp −$9doesn't fitdoesn't fitdoesn't fit

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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h313.11−0.202%$19K150xas long as short
Popdex TAOUSDT+0.0096%1h313.72−0.007%$49K$699K20xas long as short
Bybit TAOUSDT+0.0100%4h313.71−0.010%$68.5M$155.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.60−0.046%$26.1M$128.2M50xas long as short
Bulk TAO-USD+0.0100%1h315.14+0.445%$167K$010xas long as short
Gate TAO_USDT+0.0100%4h313.30−0.141%$14.9M$49.7M50xas long as short
KuCoin TAOUSDTM+0.0100%4h313.61−0.042%$17.4M$32.3M75xas long as short
Bitget TAOUSDT+0.0100%4h313.25−0.157%$35.3M$56.8M50xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.50−0.395%$535K$833K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h312.73−0.323%$45K$255K50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h313.46−0.090%$86K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h313.66−0.026%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h313.36−0.122%$115K$587K20xas long as short
Phemex TAOUSDT+0.0100%4h313.82+0.025%$3.1M$8.1M50xas long as short
Katana Perps TAO-USD+0.0101%8h313.51−0.074%$1K$1.2M5xas long as short
Aevo TAO-PERP+0.0112%1h312.50−0.396%$172K$9983xas long as short
MEXC TAO_USDT+0.0136%4h313.67−0.023%$105.6M$152.6M300xas long as short
BingX TAO-USDT+0.0136%4h313.51−0.074%$38.7Mas long as short
Binance TAOUSDTlong+0.0136%4h313.74long leg$91.6M$524.5M75x
edgeX TAOUSDC+0.0140%4h312.92−0.264%$41K$322K10xas long as short
dYdX TAO-USD+0.0187%1h313.47−0.087%$126K$86K5xas long as short
Orderly PERP_TAO_USDC+0.0219%4h313.82+0.025%$53K$298K10xas long as short
Paradex TAO-USD-PERP+0.0232%8h313.69−0.017%$14K$87610xas long as short
Bullet TAO-USD+0.0253%1h313.91+0.053%$12K$17K20xas long as short
Aster TAOUSDT+0.0303%4h313.68−0.020%$1.2M$11.1M50xas long as short
Pacifica TAOshort+0.0349%1h313.66−0.025%$362K$445K10x
Extended TAO-USD+0.0352%1h313.39−0.114%$887K$2.3M25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0359% / S −0.0107%1h313.47−0.086%$368K100xas long as short
BloFin TAO-USDT+0.0376%4h313.84+0.031%$4.8M$10.7M100xas long as short
Arcus TAO-USD+0.0404%1h313.80+0.018%$99K$360K5xas long as short
Hyperliquid TAO+0.0477%1h313.73−0.004%$91.9M$109.4M5xas long as short
Nado TAO-PERP+0.0489%1h313.73−0.003%$758K$2.0M10xas long as short
Phoenix TAO+0.0578%1h313.60−0.046%$315K$714K5xas long as short
01 Exchange TAOUSD+0.0584%1h314.01+0.085%$3K$4K5xas long as short
Variational Omni TAO+0.0593%4h312.65−0.347%$5.5M$10.1Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0603%1h313.78+0.010%$11K$1.9M25xas long as short
Lighter TAO+0.0640%1h313.84+0.030%$1.6M$6.7M5xas long as short
Backpack TAO_USDC_PERP+0.0683%1h313.93+0.060%$309K$1.0M10xas long as short
Reya TAORUSDPERP+0.0698%1h313.69−0.018%$36120xas long as short
Kraken Futures PF_TAOUSD+0.0793%1h313.88+0.043%$6.0M$21.3M50xas long as short
RISEx TAO/USDC+0.0840%1h313.49−0.081%$446K$688K5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h314.22+0.152%$1.1M$7.2M50xas long as short
Injective TAO/USDC PERP+0.3512%1h318.23+1.430%$23K$2K12xas long as short