Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0567%/8h= +62.1% APRpaid last 24h +0.080%

Price spread now: 01 Exchange against Katana Perps+0.126%7-day average — · you sell dearer than you buy

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

Long on Katana Perps Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and 01 Exchange is 0.126% dearer against Katana Perps than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	317.88	0.0121	pay 0.0121% / 8h	6h 13m	$675	$715K	5x
Short	01 Exchange TAOUSD	318.28	0.0688	get 0.0086% / 1h	13m 53s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.126%Rate

Funding earned: $119.06
Price spread: +0.126% → 0.000%: $12.58
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $120.84
Costs to cover: 0.108%
Break-even: from the start

Slippage unknown: Katana Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Katana Perps no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Katana Perps 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 42 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
dYdX TAO-USD	0.0000%	1h	317.69	−0.061%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.13	−0.237%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.80	−0.025%	$43K	$637K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.90	−0.307%	$91.3M	$469.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	−0.277%	$26.2M	$114.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.28	−0.818%	$167K	$40K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.371%	$12.9M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.01	−0.274%	$112.7M	$139.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.82	−0.333%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.56	−0.415%	$35.4M	$54.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	314.93	−0.928%	$35K	$300K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.80	−0.969%	$47K	$253K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.52	−0.113%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.15	−0.230%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.39	−0.154%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.07	−0.255%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.64	−0.077%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	317.56	−0.101%	$79K	$683K	5x	as long as short
Katana Perps TAO-USDlong	+0.0121%	8h	317.88	long leg	$675	$715K	5x
Kraken Futures PF_TAOUSD	+0.0166%	1h	317.25	−0.199%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	317.15	−0.229%	$434K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0176%	4h	315.62	−0.711%	$520K	$954K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0250%	1h	317.18	−0.221%	$22K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0259%	1h	317.57	−0.098%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0279%	4h	316.96	−0.289%	$1.2M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.86	−0.006%	$373K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.96	+0.025%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0379%	8h	317.48	−0.127%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.249%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0513%	1h	317.66	−0.068%	$793K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.00	−0.591%	$330K	$681K	5x	as long as short
01 Exchange TAOUSDshort	+0.0688%	1h	318.28	+0.126%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	317.66	−0.069%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0800%	4h	316.87	−0.318%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0853%	4h	317.05	−0.261%	$67.3M	$138.7M	50x	as long as short
Variational Omni TAO	+0.0864%	4h	317.32	−0.177%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0944%	1h	316.75	−0.356%	$908K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0953%	1h	317.30	−0.182%	$321K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.98	+0.346%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.62	−0.082%	$454K	$631K	5x	as long as short
Hyperliquid TAO	+0.1366%	1h	317.62	−0.082%	$100.9M	$95.3M	5x	as long as short
Lighter TAO	+0.1432%	1h	317.69	−0.059%	$1.7M	$6.1M	5x	as long as short