Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against Katana Perps+0.061%7-day average −0.050% · you sell dearer than you buy

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

Long on Katana Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.061%, 7d avg −0.050%

Together, before fees−0.367%−$37 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: OKX is 0.111% dearer against Katana Perps than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	310.91	0.0100	pay 0.0100% / 8h	3h 03m	$2K	$862K	5x
Short	OKX TAO-USDT-SWAP	311.10	0.0100	get 0.0100% / 8h	3h 03m	$25.9M	$120.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0.09
Price spread: +0.061% → −0.050%: $11.15
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.57
Costs to cover: 0.138%
Break-even: 215.6 days

Slippage unknown: Katana Perps: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	1.61 bp	11.4 bp −$11	18.9 bp −$189	68.9 bp −$6,889	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	311.81	+0.289%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.53	+0.199%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0018%	1h	310.95	+0.013%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.08	+0.055%	$48K	$661K	20x	as long as short
Katana Perps TAO-USDlong	+0.0100%	8h	310.91	long leg	$2K	$862K	5x
Pacifica TAO	+0.0100%	1h	311.24	+0.106%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.02	+0.036%	$88.8M	$502.9M	75x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	311.10	+0.061%	$25.9M	$120.6M	50x
Gate TAO_USDT	+0.0100%	4h	310.90	−0.003%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.24	+0.106%	$103.0M	$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	311.58	+0.215%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.78	−0.042%	$35.0M	$56.7M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.13	+0.392%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	+0.370%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.06	+0.048%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.83	+0.296%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.80	+0.286%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.64	+0.235%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.86	+0.306%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.95	+0.333%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0112%	4h	311.17	+0.084%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.319%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.77	+0.277%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	311.43	+0.166%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0175%	8h	311.10	+0.061%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.47	+0.180%	$101K	$369K	5x	as long as short
BingX TAO-USDT	+0.0256%	4h	311.13	+0.071%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0282%	4h	311.20	+0.093%	$67.3M	$150.9M	50x	as long as short
Nado TAO-PERP	+0.0311%	1h	311.18	+0.088%	$785K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.09	+0.057%	$908K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.495%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.08	+0.376%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.479%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0459%	1h	311.25	+0.109%	$91.3M	$108.0M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.051%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0479%	1h	311.92	+0.325%	$310K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	311.34	+0.138%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0563%	1h	311.80	+0.287%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0600%	1h	311.40	+0.157%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.15	+0.076%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.11	+0.063%	$441K	$647K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.20	+0.415%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.550%	$23K	$2K	12x	as long as short