Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.003%

Price spread now: Extended against BloFin+0.015%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.015%, 7d avg −0.059%

Together, before fees−0.442%+ Points / potential airdropExtended: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.075% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	313.60	0.0340	pay 0.0170% / 4h	2h 46m	$4.5M	$10.8M	100x
Short	Extended TAO-USD	313.65	0.0400	get 0.0050% / 1h	46m 31s	$905K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $12.6
Price spread: +0.015% → −0.059%: $7.49
Slippage, 4 orders: −$18.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.01
Costs to cover: 0.351%
Break-even: 15.3 days

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 2 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 BloFin live order book, 2 min ago	1.43 bp	7.4 bp −$7	8.0 bp −$80	14.5 bp −$1,450	doesn't fit
Sell Extended live order book, 2 min ago	2.87 bp	8.2 bp −$8	10.0 bp −$100	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
dYdX TAO-USD	0.0000%	1h	313.35	−0.081%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.34	−0.084%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.72	+0.038%	$1K	$888K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.80	+0.064%	$89.7M	$505.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	+0.032%	$26.2M	$122.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	−0.032%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.82	+0.070%	$104.9M	$144.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.54	−0.019%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.50	−0.032%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.37	−0.075%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.52	−0.026%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.50	−0.032%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.65	−0.303%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.85	+0.081%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.66	+0.019%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.28	−0.101%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.375%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	313.75	+0.048%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.92	+0.102%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	313.88	+0.090%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0252%	1h	313.76	+0.050%	$780K	$2.2M	10x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.281%	$46K	$255K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.123%	$532K	$942K	10x	as long as short
Popdex TAOUSDT	+0.0288%	1h	313.87	+0.086%	$49K	$662K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.07	+0.149%	$5.7M	$21.0M	50x	as long as short
Bullet TAO-USD	+0.0331%	1h	313.74	+0.045%	$12K	$17K	20x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	313.60	long leg	$4.5M	$10.8M	100x
Phemex TAOUSDT	+0.0350%	4h	313.78	+0.057%	$3.2M	$7.9M	50x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.159%	$5.5M	$10.1M	—	as long as short
BingX TAO-USDT	+0.0384%	4h	313.79	+0.061%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0394%	4h	313.85	+0.080%	$68.1M	$151.3M	50x	as long as short
Extended TAO-USDshort	+0.0400%	1h	313.65	+0.015%	$905K	$2.4M	25x
Deribit TAO_USDC-PERPETUAL	+0.0428%	1h	313.66	+0.019%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.07	+0.150%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.096%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.67	+0.023%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0741%	1h	313.96	+0.115%	$91.8M	$108.5M	5x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	314.30	+0.223%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0800%	1h	313.68	+0.026%	$309K	$886K	10x	as long as short
Lighter TAO	+0.0904%	1h	314.13	+0.170%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.47	+0.277%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.89	+0.093%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.788%	$23K	$2K	12x	as long as short