Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h 0.000%

Price spread now: Aevo against Katana Perps+0.006%7-day average +0.014% · you sell dearer than you buy

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

Long on Katana Perps Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.006%, 7d avg +0.014%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	311.87	0.0098	pay 0.0098% / 8h	3h 43m	$2K	$813K	5x
Short	Aevo TAO-PERP	311.89	0.0104	get 0.0013% / 1h	43m 53s	$171K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Katana Perps. 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 Katana PerpsbpFee AevobpOrdersPrice spread, now +0.006%Rate

Funding earned: $1.19
Price spread: +0.006% → +0.014%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.46
Costs to cover: 0.198%
Break-even: 121.2 days

Slippage unknown: Katana Perps: no order-book sample; Aevo: live order book, 10 min ago. 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Aevo live order book, 10 min ago	76.45 bp	226.3 bp −$226	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.84	−0.011%	$5.5M	$20.7M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.42	−0.144%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.72	−0.047%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.85	−0.006%	$45K	$656K	20x	as long as short
Katana Perps TAO-USDlong	+0.0098%	8h	311.87	long leg	$2K	$813K	5x
Pacifica TAO	+0.0100%	1h	311.49	−0.122%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.57	−0.096%	$89.5M	$498.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.64	−0.074%	$67.0M	$150.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.50	−0.119%	$25.9M	$120.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.036%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.40	−0.151%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.71	−0.051%	$101.1M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.60	−0.087%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.38	−0.157%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.58	−0.093%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.104%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.019%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	+0.029%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.74	−0.042%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.03	+0.051%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.88	+0.003%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.42	−0.144%	$109K	$537K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	311.89	+0.006%	$171K	$998	3x
Orderly PERP_TAO_USDC	+0.0114%	4h	311.78	−0.029%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	311.81	−0.020%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	311.71	−0.051%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	311.40	−0.150%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0184%	1h	311.58	−0.094%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	−0.029%	$101K	$392K	5x	as long as short
Hyperliquid TAO	+0.0235%	1h	312.08	+0.067%	$91.6M	$107.2M	5x	as long as short
Nado TAO-PERP	+0.0263%	1h	311.92	+0.017%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.074%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.24	+0.119%	$4.5M	$10.8M	100x	as long as short
Phemex TAOUSDT	+0.0366%	4h	311.93	+0.019%	$3.2M	$8.1M	50x	as long as short
Lighter TAO	+0.0408%	1h	312.12	+0.081%	$1.5M	$6.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0409%	1h	312.04	+0.055%	$310K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.85	−0.006%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.202%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0530%	1h	311.92	+0.016%	$29K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.94	+0.021%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.65	−0.072%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.52	+0.208%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.767%	$23K	$2K	12x	as long as short