Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.317%

Price spread now: Bulk against MEXC+0.003%7-day average −0.100% · 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−$3as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.364%−$36 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.003%, 7d avg −0.100%

Together, before fees−0.662%−$66 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: Bulk is 0.103% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	314.67	0.0100	pay 0.0050% / 4h	13m 57s	$110.6M	$144.1M	300x
Short	Bulk TAO-USD	314.68	0.0100	get 0.0013% / 1h	13m 57s	$167K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.100%: $10.3
Slippage, 4 orders: −$5.83
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$2.53
Costs to cover: 0.128%
Break-even: 5202296927308095.0 days

Slippage from MEXC: live order book, 5 min ago; Bulk: live order book, 45 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, 5 min ago	0.48 bp	1.1 bp −$1	6.8 bp −$68	27.7 bp −$2,774	72.6 bp −$36.3K
Sell Bulk live order book, 45 min ago	0.16 bp	4.8 bp −$5	9.4 bp −$94	21.9 bp −$2,186	33.1 bp −$16.6K

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
dYdX TAO-USD	0.0000%	1h	314.54	−0.041%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.49	−0.058%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.59	−0.026%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.84	+0.054%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.71	+0.013%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.74	+0.024%	$90.9M	$494.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.77	+0.032%	$67.7M	$148.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	+0.010%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.118%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	314.67	long leg	$110.6M	$144.1M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.57	−0.032%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.42	−0.079%	$35.1M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.57	−0.032%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.19	+0.166%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.53	+0.274%	$522K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.11	+0.140%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.60	−0.022%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.72	+0.016%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.75	+0.025%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.63	−0.331%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.61	−0.019%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USDshort	+0.0100%	1h	314.68	+0.003%	$167K	$2K	10x
Aevo TAO-PERP	+0.0104%	1h	314.71	+0.014%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.59	−0.025%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.46	−0.068%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0157%	8h	314.97	+0.096%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0176%	4h	314.63	−0.011%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.54	−0.043%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0215%	1h	314.71	+0.012%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0266%	1h	314.82	+0.049%	$92.6M	$106.5M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	314.92	+0.079%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.96	+0.092%	$4.6M	$10.9M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0344%	1h	314.73	+0.019%	$315K	$913K	10x	as long as short
Lighter TAO	+0.0344%	1h	314.92	+0.079%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.12	+0.143%	$99K	$438K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0354%	1h	314.62	−0.015%	$23K	$1.7M	25x	as long as short
Pacifica TAO	+0.0365%	1h	314.82	+0.048%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.159%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.232%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.76	+0.027%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.85	+0.056%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.461%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.119%	$23K	$2K	12x	as long as short