Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.089%

Price spread now: 01 Exchange against edgeX+0.316%57s7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.316% dearer against edgeX than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	311.50	0.0100	pay 0.0050% / 4h	3h 06m	$41K	$313K	10x
Short	01 Exchange TAOUSD	312.48	0.0488	get 0.0061% / 1h	6m 27s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee edgeXbpFee 01 ExchangebpOrdersPrice spread, now +0.316%Rate

Funding earned: $81.48
Price spread: +0.316% → 0.000%: $31.56
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $97.04
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: edgeX: live order book, 47 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 edgeX live order book, 47 min ago	4.77 bp	9.3 bp −$9	24.3 bp −$243	doesn't fit	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.28	+0.251%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.14	+0.206%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	311.82	+0.104%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.30	+0.258%	$48K	$661K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	312.01	+0.165%	$639	$858K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.41	+0.292%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.47	+0.312%	$89.2M	$502.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.40	+0.290%	$26.0M	$121.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.10	+0.194%	$13.4M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.47	+0.312%	$103.4M	$145.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.27	+0.248%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.10	+0.194%	$35.0M	$56.6M	50x	as long as short
edgeX TAOUSDClong	+0.0100%	4h	311.50	long leg	$41K	$313K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	311.94	+0.142%	$530K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.33	−0.054%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.23	+0.235%	$82K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.45	+0.305%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.16	+0.213%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.54	+0.014%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.72	+0.072%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.42	+0.295%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0105%	4h	312.11	+0.197%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.24	+0.239%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0135% / S +0.0137%	1h	312.12	+0.201%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0170%	8h	312.26	+0.244%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.47	+0.312%	$101K	$369K	5x	as long as short
BingX TAO-USDT	+0.0256%	4h	312.42	+0.296%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0293%	4h	312.44	+0.303%	$67.5M	$150.9M	50x	as long as short
Nado TAO-PERP	+0.0309%	1h	312.44	+0.304%	$789K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	312.34	+0.271%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0325%	4h	312.94	+0.462%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.18	+0.219%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.70	+0.065%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0462%	1h	312.55	+0.338%	$91.7M	$108.0M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.240%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0480%	1h	312.01	+0.165%	$310K	$885K	10x	as long as short
01 Exchange TAOUSDshort	+0.0488%	1h	312.48	+0.316%	$3K	$4K	5x
Lighter TAO	+0.0608%	1h	312.60	+0.353%	$1.5M	$6.6M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0608%	1h	312.32	+0.264%	$12K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.41	+0.292%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.25	+0.242%	$443K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	+0.187%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.661%	$23K	$2K	12x	as long as short