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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0389%/8h= +42.6% APRnext payment +$0.49 per $10,000 · paid last 24h −0.047%
Price spread now: 01 Exchange against Kraken Futures+0.227%7-day average · you sell dearer than you buy
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 3 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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and 01 Exchange is 0.227% dearer against Kraken Futures than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TAOUSD308.370.0171pay 0.0021% / 1h56m 10s$5.5M$20.4M50x
Short01 Exchange TAOUSD309.070.0560get 0.0070% / 1h56m 10s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Kraken Futures. 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
$81.63
Price spread: +0.227% → 0.000%
$22.71
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$87.34
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Kraken Futures: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago14.74 bp23.4 bp −$2330.6 bp −$306129.6 bp −$13.0Kdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h308.50+0.042%$123K$89K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0002%1h308.15−0.070%$12K150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0028%1h308.59+0.071%$16K$1.5M25xas long as short
Popdex TAOUSDT+0.0096%1h308.39+0.007%$44K$612K20xas long as short
Binance TAOUSDT+0.0100%4h308.67+0.097%$88.5M$457.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h308.90+0.172%$25.1M$107.7M50xas long as short
Gate TAO_USDT+0.0100%4h308.10−0.087%$12.5M$49.1M50xas long as short
MEXC TAO_USDT+0.0100%4h308.34−0.010%$98.5M$135.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h308.59+0.071%$18.0M$30.0M75xas long as short
Bitget TAOUSDT+0.0100%4h308.25−0.039%$34.2M$52.3M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h312.75+1.422%$35K$297K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.72+1.411%$521K$962K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.12+1.540%$48K$267K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h308.66+0.094%$91K$672K5xas long as short
Orderly PERP_TAO_USDC+0.0100%4h308.43+0.020%$56K$330K10xas long as short
SunX TAO-USDT+0.0100%4h308.67+0.097%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h307.89−0.156%$117K$447K20xas long as short
Aevo TAO-PERP+0.0104%1h308.22−0.049%$169K$9983xas long as short
Bullet TAO-USD+0.0114%1h308.38+0.003%$11K$17K20xas long as short
Katana Perps TAO-USD+0.0117%8h308.75+0.123%$632$662K5xas long as short
Aster TAOUSDT+0.0151%4h308.54+0.054%$1.2M$9.0M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0171% / S +0.0096%1h308.11−0.083%$419K100xas long as short
Kraken Futures PF_TAOUSDlong+0.0171%1h308.37long leg$5.5M$20.4M50x
Paradex TAO-USD-PERP+0.0230%8h308.70+0.108%$14K$1K10xas long as short
Pacifica TAO+0.0285%1h308.45+0.025%$365K$373K10xas long as short
Arcus TAO-USD+0.0337%1h309.08+0.230%$82K$550K5xas long as short
BloFin TAO-USDT+0.0340%4h309.68+0.425%$4.4M$10.5M100xas long as short
Injective TAO/USDC PERP+0.0470%1h316.84+2.747%$23K$2K12xas long as short
Phoenix TAO+0.0525%1h313.80+1.761%$328K$620K5xas long as short
Bulk TAO-USD+0.0529%1h316.43+2.614%$168K$40K10xas long as short
01 Exchange TAOUSDshort+0.0560%1h309.07+0.227%$3K$4K5x
Backpack TAO_USDC_PERP+0.0607%1h308.49+0.039%$312K$818K10xas long as short
Variational Omni TAO+0.0654%4h308.57+0.064%$5.3M$8.8Mas long as short
Reya TAORUSDPERP+0.0696%1h308.54+0.056%$35520xas long as short
BingX TAO-USDT+0.0704%4h308.34−0.010%$30.8Mas long as short
Bybit TAOUSDT+0.0750%4h308.90+0.172%$62.9M$135.2M50xas long as short
Nado TAO-PERP+0.0895%1h308.54+0.054%$760K$2.1M10xas long as short
Hyperliquid TAO+0.1022%1h308.91+0.175%$98.1M$92.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h309.22+0.276%$1.5M$6.3M50xas long as short
Extended TAO-USD+0.1032%1h308.64+0.089%$893K$2.4M25xas long as short
RISEx TAO/USDC+0.1132%1h308.89+0.168%$410K$602K5xas long as short
Phemex TAOUSDT+0.1292%4h308.30−0.023%$3.3M$7.9M50xas long as short
Lighter TAO+0.1616%1h308.86+0.160%$1.6M$6.0M5xas long as short