Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h +0.098%

Price spread now: 01 Exchange against Bybit+0.081%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and 01 Exchange is 0.081% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	319.68	0.0382	pay 0.0191% / 4h	1h 41m	$69.7M	$155.8M	50x
Short	01 Exchange TAOUSD	319.94	0.0632	get 0.0079% / 1h	41m 15s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Bybit. 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 BybitbpFee 01 ExchangebpOrdersPrice spread, now +0.081%Rate

Funding earned: $52.4
Price spread: +0.081% → 0.000%: $8.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $42.53
Costs to cover: 0.180%
Break-even: 1.3 days

Slippage unknown: Bybit: live order book, 3 min ago; 01 Exchange: 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 Bybit live order book, 3 min ago	0.16 bp	14.3 bp −$14	25.0 bp −$250	46.0 bp −$4,599	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.2019%	1h	319.65	−0.009%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.38	−0.095%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.36	−0.100%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.83	+0.047%	$41K	$696K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.60	−0.025%	$26.6M	$129.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.025%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.64	−0.013%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.48	−0.063%	$35.8M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.81	+0.041%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.70	+0.006%	$79K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.47	−0.066%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.35	−0.103%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.62	−0.019%	$725	$1.0M	5x	as long as short
Phemex TAOUSDT	+0.0113%	4h	319.90	+0.069%	$3.3M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.78	+0.031%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0157%	1h	319.41	−0.084%	$432K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.62	−0.019%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0152%	4h	320.03	+0.111%	$42K	$318K	10x	as long as short
Binance TAOUSDT	+0.0158%	4h	319.79	+0.034%	$92.5M	$527.2M	75x	as long as short
MEXC TAO_USDT	+0.0158%	4h	319.93	+0.078%	$105.1M	$149.6M	300x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	319.78	+0.033%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0313%	4h	319.97	+0.091%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDTlong	+0.0382%	4h	319.68	long leg	$69.7M	$155.8M	50x
Bullet TAO-USD	+0.0391%	1h	319.97	+0.091%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0398%	4h	319.77	+0.028%	$4.7M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	319.68	0.000%	—	$34.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.70	+0.005%	$544K	$940K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.60	−0.024%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.86	+0.058%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.100%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.194%	$319K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0605%	1h	319.60	−0.025%	$14K	$1.9M	25x	as long as short
01 Exchange TAOUSDshort	+0.0632%	1h	319.94	+0.081%	$3K	$4K	5x
Arcus TAO-USD	+0.0641%	1h	320.31	+0.197%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0651%	1h	319.79	+0.034%	$801K	$2.2M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0660%	1h	319.75	+0.022%	$300K	$904K	10x	as long as short
Hyperliquid TAO	+0.0671%	1h	320.07	+0.122%	$94.5M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.92	+0.074%	$368	—	20x	as long as short
Lighter TAO	+0.0864%	1h	319.96	+0.089%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.425%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.76	+0.027%	$462K	$662K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.81	+0.040%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.236%	$24K	$2K	12x	as long as short