Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0596%/8h= +65.2% APRpaid last 24h +0.177%

Price spread now: Reya against MEXC−0.321%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.321% cheaper against MEXC than usual: you would sell low and buy high (spread −0.321% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 43 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	310.59	0.0100	pay 0.0050% / 4h	2h 33m	$104.7M	$138.0M	300x
Short	Reya TAORUSDPERP	309.59	0.0696	get 0.0087% / 1h	33m 47s	$356	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.321%Rate

Funding earned: $125.1
Price spread: −0.321% → 0.000%: −$32.06
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $87.05
Costs to cover: 0.060%
Break-even: 2.1 days

Slippage unknown: MEXC: live order book, 5 min ago; Reya: 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, 5 min ago	0.49 bp	1.4 bp −$1	8.1 bp −$81	44.4 bp −$4,441	164.4 bp −$82.2K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	309.00	−0.512%	$124K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	309.40	−0.384%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.49	−0.354%	$37K	$622K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.27	−0.103%	$89.1M	$461.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.10	−0.158%	$25.5M	$109.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.40	−0.061%	$12.6M	$49.9M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	310.59	long leg	$104.7M	$138.0M	300x
KuCoin TAOUSDTM	+0.0100%	4h	310.67	+0.026%	$18.0M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.88	−0.229%	$34.5M	$53.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.03	−0.823%	$34K	$299K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	308.55	−0.655%	$508K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.00	−0.512%	$46K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.74	−0.274%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.71	−0.283%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.92	−0.216%	$127K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.08	−0.165%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0124%	8h	309.39	−0.386%	$693	$684K	5x	as long as short
Polymarket Perps TAO-USD	+0.0159%	1h	309.63	−0.309%	$82K	$661K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0092%	1h	309.33	−0.406%	$430K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0170%	1h	309.87	−0.230%	$5.5M	$20.4M	50x	as long as short
Aster TAOUSDT	+0.0182%	4h	310.27	−0.102%	$1.3M	$9.2M	50x	as long as short
Bullet TAO-USD	+0.0212%	1h	309.76	−0.268%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0285%	1h	309.38	−0.390%	$365K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0288%	8h	309.28	−0.422%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.94	−0.209%	$97K	$562K	5x	as long as short
Phemex TAOUSDT	+0.0374%	4h	310.13	−0.148%	$3.3M	$8.0M	50x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	+0.544%	$23K	$2K	12x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0525%	1h	309.79	−0.257%	$26K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0561%	1h	309.46	−0.365%	$751K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.60	−0.641%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	309.94	−0.209%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPshort	+0.0696%	1h	309.59	−0.321%	$356	—	20x
BingX TAO-USDT	+0.0704%	4h	310.33	−0.084%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0745%	4h	310.44	−0.048%	$64.2M	$136.7M	50x	as long as short
Variational Omni TAO	+0.0748%	4h	309.04	−0.500%	$5.3M	$8.9M	—	as long as short
Backpack TAO_USDC_PERP	+0.0842%	1h	310.84	+0.080%	$314K	$814K	10x	as long as short
Extended TAO-USD	+0.0920%	1h	310.70	+0.034%	$890K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	310.51	−0.026%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.69	−0.291%	$442K	$621K	5x	as long as short
Hyperliquid TAO	+0.1208%	1h	310.43	−0.052%	$97.7M	$93.6M	5x	as long as short
Lighter TAO	+0.1328%	1h	310.46	−0.041%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−0.478%	$164K	$40K	10x	as long as short