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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.001%
Price spread now: Katana Perps against edgeX−0.104%55s7-day average +0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.145%+$14 on $10k
Price spread, last 4 days (all we have)−0.331%−$33 · spread now −0.104%, 7d avg +0.021%
Together, before fees−0.187%+ Points / potential airdropedgeX: Active · farm board−$19 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: Katana Perps is 0.125% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX TAOUSDC312.190.0100pay 0.0050% / 4h3h 44m$41K$314K10x
ShortKatana Perps TAO-USD311.870.0098get 0.0098% / 8h3h 44m$2K$813K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against edgeX. 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
−$0.35
Price spread: −0.104% → +0.021%
−$12.46
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$25.62
Costs to cover
0.128%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 8 min ago; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 8 min ago4.77 bp9.3 bp −$924.3 bp −$243doesn't fitdoesn't fit
Sell Katana Perps no order-book sample
Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSD−0.0348%1h312.12−0.025%$5.5M$20.6M50xas long as short
dYdX TAO-USD0.0000%1h311.42−0.248%$124K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h311.82−0.120%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h311.85−0.110%$45K$656K20xas long as short
Katana Perps TAO-USDshort+0.0098%8h311.87−0.104%$2K$813K5x
Pacifica TAO+0.0100%1h311.49−0.226%$355K$413K10xas long as short
Binance TAOUSDT+0.0100%4h311.53−0.213%$89.4M$497.9M75xas long as short
Bybit TAOUSDT+0.0100%4h311.46−0.235%$67.0M$149.9M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.40−0.254%$25.9M$120.1M50xas long as short
Bulk TAO-USD+0.0100%1h315.10+0.931%$167K$2K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h311.20−0.319%$13.0M$49.6M50xas long as short
MEXC TAO_USDT+0.0100%4h311.47−0.232%$101.0M$144.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.37−0.264%$17.7M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h311.23−0.309%$34.8M$56.6M50xas long as short
BingX TAO-USDT+0.0100%4h311.49−0.226%$33.1Mas long as short
edgeX TAOUSDClong+0.0100%4h312.19long leg$41K$314K10x
GRVT TAO_USDT_Perp+0.0100%4h311.93−0.085%$529K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.96−0.075%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.59−0.194%$82K$870K5xas long as short
Bullet TAO-USD+0.0100%1h311.94−0.081%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h311.75−0.142%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h311.63−0.181%$109K$536K20xas long as short
Aevo TAO-PERP+0.0104%1h312.02−0.055%$171K$9983xas long as short
Orderly PERP_TAO_USDC+0.0114%4h312.06−0.043%$52K$270K10xas long as short
Aster TAOUSDT+0.0118%4h311.79−0.131%$1.2M$10.4M50xas long as short
Phemex TAOUSDT+0.0127%4h312.00−0.062%$3.2M$8.1M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0141% / S +0.0131%1h311.74−0.146%$415K100xas long as short
Paradex TAO-USD-PERP+0.0142%8h311.40−0.254%$14K$1K10xas long as short
Extended TAO-USD+0.0176%1h311.60−0.190%$913K$2.4M25xas long as short
Hyperliquid TAO+0.0217%1h311.70−0.158%$91.5M$107.2M5xas long as short
Arcus TAO-USD+0.0231%1h311.78−0.133%$101K$392K5xas long as short
Nado TAO-PERP+0.0255%1h311.77−0.135%$790K$2.2M10xas long as short
Variational Omni TAO+0.0324%4h312.10−0.030%$5.5M$10.0Mas long as short
BloFin TAO-USDT+0.0340%4h312.24+0.015%$4.5M$10.8M100xas long as short
Backpack TAO_USDC_PERP+0.0396%1h312.18−0.005%$310K$906K10xas long as short
Lighter TAO+0.0400%1h311.71−0.155%$1.5M$6.5M5xas long as short
01 Exchange TAOUSD+0.0416%1h311.85−0.110%$3K$4K5xas long as short
Phoenix TAO+0.0457%1h312.50+0.098%$311K$711K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0624%1h312.22+0.008%$33K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h311.81−0.124%$35920xas long as short
RISEx TAO/USDC+0.0816%1h311.65−0.176%$433K$650K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.68+0.156%$1.5M$6.8M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.38+1.661%$23K$2K12xas long as short