Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.005%

Price spread now: Aevo against Bitget+0.127%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.127%, 7d avg +0.078%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.048% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	316.83	0.0100	pay 0.0050% / 4h	1h 52m	$35.9M	$56.0M	50x
Short	Aevo TAO-PERP	317.23	0.0120	get 0.0015% / 1h	52m 46s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.127%Rate

Funding earned: $4.2
Price spread: +0.127% → +0.078%: $4.83
Slippage, 4 orders: −$93.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$112.36
Costs to cover: 1.214%
Break-even: 194.3 days

Slippage from Bitget: live order book, 4 min ago; Aevo: live order book, 59 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 Bitget live order book, 4 min ago	1.73 bp	12.1 bp −$12	19.5 bp −$195	doesn't fit	doesn't fit
Sell Aevo live order book, 59 min ago	34.56 bp	49.0 bp −$49	284.1 bp −$2,841	doesn't fit	doesn't fit

TAO on 43 exchanges

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 −0.0003%	1h	316.86	+0.009%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.23	+0.126%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	+0.022%	$26.9M	$128.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.041%	$15.8M	$47.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.00	+0.054%	$17.6M	$31.4M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	316.83	long leg	$35.9M	$56.0M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	317.79	+0.303%	$45K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.86	+0.009%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.96	+0.041%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.50	−0.104%	$113K	$563K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	317.25	+0.133%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	316.98	+0.047%	$3K	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0106%	4h	317.04	+0.066%	$69.4M	$155.5M	50x	as long as short
Aevo TAO-PERPshort	+0.0120%	1h	317.23	+0.127%	$174K	$998	3x
Binance TAOUSDT	+0.0141%	4h	317.01	+0.057%	$93.2M	$511.5M	75x	as long as short
MEXC TAO_USDT	+0.0146%	4h	317.13	+0.095%	$103.6M	$146.9M	300x	as long as short
BingX TAO-USDT	+0.0152%	4h	317.00	+0.054%	—	$37.9M	—	as long as short
edgeX TAOUSDC	+0.0153%	4h	318.61	+0.561%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0208%	8h	317.28	+0.143%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0208%	1h	317.07	+0.075%	$953K	$2.1M	25x	as long as short
Lighter TAO	+0.0232%	1h	317.14	+0.098%	$1.6M	$6.6M	5x	as long as short
Pacifica TAO	+0.0240%	1h	317.26	+0.135%	$376K	$456K	10x	as long as short
Bullet TAO-USD	+0.0243%	1h	317.26	+0.136%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	317.13	+0.095%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0268%	4h	317.35	+0.163%	$541K	$805K	10x	as long as short
Aster TAOUSDT	+0.0310%	4h	317.09	+0.081%	$1.2M	$11.2M	50x	as long as short
Nado TAO-PERP	+0.0355%	1h	317.12	+0.092%	$699K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.75	−0.026%	$372K	—	100x	as long as short
BloFin TAO-USDT	+0.0386%	4h	317.05	+0.069%	$4.9M	$10.4M	100x	as long as short
Variational Omni TAO	+0.0445%	4h	318.15	+0.418%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0454%	1h	317.13	+0.095%	$95.5M	$107.0M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0501%	1h	317.17	+0.108%	$15K	$1.9M	25x	as long as short
dYdX TAO-USD	+0.0555%	1h	316.92	+0.029%	$267K	$230K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	317.52	+0.218%	$100K	$310K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0625%	1h	317.27	+0.139%	$298K	$1.1M	10x	as long as short
Phoenix TAO	+0.0650%	1h	317.60	+0.243%	$319K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	317.13	+0.093%	$437K	$680K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	317.33	+0.158%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	317.19	+0.114%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	317.14	+0.098%	$365	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+0.606%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0929%	1h	317.32	+0.154%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	322.67	+1.843%	$23K	$2K	12x	as long as short