Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0370%/8h= +40.5% APRpaid last 24h +0.620%

Price spread now: Injective against MEXC+2.461%100s7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.459%+$346 on $10k

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 +$11 a day on $10k at the current rate, and Injective is 2.461% dearer against MEXC than usual: you sell high and buy low: +$246 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	308.05	0.0100	pay 0.0050% / 4h	2h 39m	$103.6M	$137.8M	300x
Short	Injective TAO/USDC PERP	315.63	0.0470	get 0.0059% / 1h	39m 39s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.461%Rate

Funding earned: $77.61
Price spread: +2.461% → 0.000%: $246.06
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $323.65
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; Injective: 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 MEXC live order book, 4 min ago	1.62 bp	2.7 bp −$3	11.6 bp −$116	37.9 bp −$3,789	98.7 bp −$49.4K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
dYdX TAO-USD	0.0000%	1h	307.69	−0.116%	$123K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	306.43	−0.525%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.80	−0.406%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.97	−0.025%	$88.8M	$460.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.00	−0.016%	$25.1M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.50	−0.179%	$12.5M	$49.7M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	308.05	long leg	$103.6M	$137.8M	300x
KuCoin TAOUSDTM	+0.0100%	4h	308.03	−0.006%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.69	−0.117%	$34.3M	$53.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.356%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	+0.315%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.344%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.02	−0.334%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.13	−0.299%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.33	−0.234%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.33	−0.234%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	307.02	−0.334%	$688	$680K	5x	as long as short
Aster TAOUSDT	+0.0165%	4h	307.52	−0.171%	$1.2M	$9.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0102%	1h	306.38	−0.543%	$412K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0172%	1h	307.45	−0.195%	$5.5M	$20.4M	50x	as long as short
Polymarket Perps TAO-USD	+0.0206%	1h	306.64	−0.458%	$76K	$643K	5x	as long as short
Bullet TAO-USD	+0.0218%	1h	306.70	−0.439%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0224%	1h	307.18	−0.283%	$15K	$1.5M	25x	as long as short
Paradex TAO-USD-PERP	+0.0274%	8h	308.01	−0.014%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.07	+0.006%	$364K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	308.10	+0.016%	$81K	$547K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+1.010%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERPshort	+0.0470%	1h	315.63	+2.461%	$23K	$2K	12x
Phoenix TAO	+0.0588%	1h	308.80	+0.243%	$323K	$681K	5x	as long as short
Nado TAO-PERP	+0.0591%	1h	306.54	−0.491%	$746K	$2.1M	10x	as long as short
Phemex TAOUSDT	+0.0639%	4h	307.50	−0.179%	$3.3M	$8.0M	50x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	307.16	−0.289%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	306.58	−0.477%	$353	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	+0.032%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	307.98	−0.023%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0741%	4h	308.23	+0.058%	$62.9M	$135.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0841%	1h	307.80	−0.081%	$311K	$814K	10x	as long as short
Extended TAO-USD	+0.0952%	1h	307.65	−0.130%	$880K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	307.35	−0.227%	$1.4M	$6.2M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	307.88	−0.054%	$410K	$606K	5x	as long as short
Hyperliquid TAO	+0.1246%	1h	308.29	+0.078%	$97.2M	$93.3M	5x	as long as short
Lighter TAO	+0.1360%	1h	308.17	+0.040%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.412%	$166K	$40K	10x	as long as short