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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.3789%/8h= −414.9% APRnext payment $4.74 per $10,000 · paid last 24h −0.702%
Price spread now: 01 Exchange against Injective−1.380%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$114 a day on $10k at the current rate, and 01 Exchange is 1.380% cheaper against Injective than usual: you would sell low and buy high (−$138 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective TAO/USDC PERP320.280.4405pay 0.0551% / 1h46m 59s$23K$2K12x
Short01 Exchange TAOUSD315.860.0616get 0.0077% / 1h46m 59s$3K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Injective. 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
−$795.72
Price spread: −1.380% → 0.000%
−$138
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$940.74
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell 01 Exchange no order-book sample
Injective and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h315.39−1.525%$19K150xas long as short
Popdex TAOUSDT+0.0096%1h315.80−1.399%$50K$632K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.10−1.305%$26.8M$128.1M50xas long as short
Gate TAO_USDT+0.0100%4h315.50−1.492%$15.7M$47.5M50xas long as short
KuCoin TAOUSDTM+0.0100%4h315.64−1.449%$17.5M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h315.84−1.386%$35.8M$56.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h316.75−1.102%$45K$253K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.50−1.492%$81K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h315.36−1.536%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h315.44−1.511%$112K$564K20xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USD+0.0104%8h315.52−1.486%$890$1.3M5xas long as short
Aevo TAO-PERP+0.0112%1h315.76−1.410%$173K$9983xas long as short
Bybit TAOUSDT+0.0126%4h316.16−1.286%$69.2M$155.7M50xas long as short
MEXC TAO_USDT+0.0134%4h315.78−1.405%$105.9M$147.6M300xas long as short
Binance TAOUSDT+0.0136%4h315.91−1.363%$92.9M$511.1M75xas long as short
BingX TAO-USDT+0.0140%4h315.76−1.411%$38.0Mas long as short
edgeX TAOUSDC+0.0141%4h316.70−1.118%$42K$324K10xas long as short
Lighter TAO+0.0176%1h315.82−1.394%$1.6M$6.6M5xas long as short
Phemex TAOUSDT+0.0200%4h315.75−1.414%$3.2M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0203%8h315.99−1.341%$14K$87610xas long as short
Extended TAO-USD+0.0208%1h315.98−1.343%$954K$2.1M25xas long as short
Pacifica TAO+0.0240%1h316.06−1.318%$374K$456K10xas long as short
GRVT TAO_USDT_Perp+0.0248%4h315.96−1.350%$539K$805K10xas long as short
Orderly PERP_TAO_USDC+0.0255%4h315.64−1.449%$53K$262K10xas long as short
Bullet TAO-USD+0.0263%1h315.74−1.418%$12K$16K20xas long as short
Aster TAOUSDT+0.0301%4h315.83−1.389%$1.2M$11.2M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0359% / S −0.0107%1h315.34−1.541%$371K100xas long as short
BloFin TAO-USDT+0.0376%4h315.91−1.364%$4.9M$10.5M100xas long as short
Nado TAO-PERP+0.0393%1h315.74−1.417%$694K$2.0M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0404%1h315.68−1.437%$15K$1.9M25xas long as short
Variational Omni TAO+0.0444%4h316.43−1.201%$5.7M$9.8Mas long as short
Hyperliquid TAO+0.0485%1h315.93−1.358%$95.0M$107.1M5xas long as short
Arcus TAO-USD+0.0610%1h316.17−1.283%$100K$310K5xas long as short
01 Exchange TAOUSDshort+0.0616%1h315.86−1.380%$3K$2K5x
Phoenix TAO+0.0650%1h316.90−1.055%$319K$710K5xas long as short
Backpack TAO_USDC_PERP+0.0663%1h315.87−1.377%$297K$1.1M10xas long as short
RISEx TAO/USDC+0.0666%1h315.77−1.408%$436K$672K5xas long as short
Coinbase International TAO-PERP-INTX+0.0688%1h316.00−1.336%$1.1M$7.6M50xas long as short
dYdX TAO-USD+0.0696%1h315.77−1.408%$266K$230K5xas long as short
Reya TAORUSDPERP+0.0699%1h315.58−1.466%$36320xas long as short
Bulk TAO-USD+0.0807%1h318.75−0.478%$169K$010xas long as short
Kraken Futures PF_TAOUSD+0.0933%1h315.81−1.395%$6.2M$19.5M50xas long as short
Injective TAO/USDC PERPlong+0.4405%1h320.28long leg$23K$2K12x