Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.013%

Price spread now: Arcus against MEXC+0.032%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.032%, 7d avg +0.076%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.044% cheaper against MEXC than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.076%). If the spread goes back, that is −$4 on $10k: about 27 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.020% in total) that is about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	312.96	0.0100	pay 0.0050% / 4h	3h 16m	$103.0M	$145.5M	300x
Short	Arcus TAO-USD	313.06	0.0231	get 0.0029% / 1h	16m 23s	$101K	$394K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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 MEXCbpFee ArcusbpOrdersPrice spread, now +0.032%Rate

Funding earned: $27.56
Price spread: +0.032% → +0.076%: −$4.45
Slippage, 4 orders: −$22.36
Fee MEXC: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$3.74
Costs to cover: 0.269%
Break-even: 8.0 days

Slippage from MEXC: live order book, 3 min ago; Arcus: live order book, 37 min ago.

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 MEXC live order book, 3 min ago	0.48 bp	2.1 bp −$2	8.5 bp −$85	29.7 bp −$2,972	115.4 bp −$57.7K
Sell Arcus live order book, 37 min ago	5.09 bp	8.2 bp −$8	21.1 bp −$211	doesn't fit	doesn't fit

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	−0.0347%	1h	312.44	−0.167%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.33	−0.201%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	312.57	−0.125%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.56	−0.128%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	312.45	−0.163%	$640	$845K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.87	−0.028%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.61	−0.112%	$89.5M	$501.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	−0.115%	$26.1M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.40	−0.179%	$13.3M	$50.4M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	312.96	long leg	$103.0M	$145.5M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.46	−0.160%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.20	−0.243%	$35.0M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.425%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.451%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−0.201%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.40	−0.179%	$82K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.63	−0.105%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.33	−0.201%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.03	+0.022%	$111K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.17	+0.067%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.52	−0.141%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.71	−0.078%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.53	−0.137%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0117%	4h	312.55	−0.130%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0132%	1h	312.30	−0.212%	$422K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	312.93	−0.011%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0200%	4h	312.67	−0.093%	$67.4M	$150.6M	50x	as long as short
Arcus TAO-USDshort	+0.0231%	1h	313.06	+0.032%	$101K	$394K	5x
Variational Omni TAO	+0.0308%	4h	311.97	−0.316%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0320%	1h	312.43	−0.168%	$914K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0333%	1h	312.59	−0.119%	$789K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.40	+0.141%	$4.5M	$10.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0428%	1h	312.50	−0.146%	$13K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	313.70	+0.236%	$312K	$711K	5x	as long as short
Hyperliquid TAO	+0.0475%	1h	312.74	−0.070%	$91.9M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.97	+0.003%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0509%	1h	312.89	−0.022%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0632%	1h	313.05	+0.027%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.52	−0.140%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.63	−0.105%	$443K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.651%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.25	+0.412%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.185%	$23K	$2K	12x	as long as short