Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.101%

Price spread now: 01 Exchange against MEXC−0.047%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.047% cheaper against MEXC than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	320.24	0.0160	pay 0.0080% / 4h	2h 53m	$107.4M	$149.5M	300x
Short	01 Exchange TAOUSD	320.09	0.0728	get 0.0091% / 1h	53m 44s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.047%Rate

Funding earned: $119.28
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $107.6
Costs to cover: 0.070%
Break-even: 0.7 days

Slippage unknown: MEXC: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	0.47 bp	2.6 bp −$3	14.3 bp −$143	39.8 bp −$3,978	114.6 bp −$57.3K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0985%	1h	321.65	+0.440%	$171K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+1.239%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.99	−0.078%	$50K	$685K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.63	−0.190%	$70.2M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	−0.231%	$26.7M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.80	−0.137%	$15.3M	$48.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.92	−0.100%	$17.5M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.32	−0.287%	$36.1M	$57.2M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.38	+0.668%	$46K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.99	−0.078%	$84K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.39	−0.265%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.56	−0.212%	$117K	$557K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.76	−0.150%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	319.75	−0.153%	$654	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.86	−0.117%	$176K	$998	3x	as long as short
Binance TAOUSDT	+0.0155%	4h	319.74	−0.156%	$93.7M	$521.7M	75x	as long as short
BingX TAO-USDT	+0.0158%	4h	319.68	−0.175%	—	$39.1M	—	as long as short
MEXC TAO_USDTlong	+0.0160%	4h	320.24	long leg	$107.4M	$149.5M	300x
edgeX TAOUSDC	+0.0161%	4h	322.73	+0.778%	$43K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0220%	8h	319.23	−0.314%	$14K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0246%	4h	319.84	−0.125%	$53K	$274K	10x	as long as short
Extended TAO-USD	+0.0288%	1h	320.04	−0.063%	$963K	$2.2M	25x	as long as short
Pacifica TAO	+0.0301%	1h	319.10	−0.355%	$372K	$439K	10x	as long as short
Lighter TAO	+0.0304%	1h	320.03	−0.065%	$1.6M	$6.6M	5x	as long as short
GRVT TAO_USDT_Perp	+0.0308%	4h	322.97	+0.852%	$549K	$826K	10x	as long as short
Aster TAOUSDT	+0.0316%	4h	319.90	−0.106%	$1.3M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0364% / S −0.0107%	1h	320.06	−0.057%	$376K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	319.98	−0.081%	$101K	$329K	5x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.44	+0.062%	$4.8M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0417%	1h	319.79	−0.139%	$19K	$1.9M	25x	as long as short
Bullet TAO-USD	+0.0455%	1h	319.88	−0.113%	$13K	$17K	20x	as long as short
Variational Omni TAO	+0.0521%	4h	322.30	+0.644%	$5.7M	$9.8M	—	as long as short
Phoenix TAO	+0.0578%	1h	323.80	+1.112%	$326K	$712K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0679%	1h	319.93	−0.097%	$6.2M	$20.9M	50x	as long as short
Nado TAO-PERP	+0.0696%	1h	319.74	−0.157%	$728K	$2.0M	10x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	319.66	−0.180%	$368	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	319.57	−0.208%	$442K	$714K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0714%	1h	320.08	−0.050%	$300K	$1.1M	10x	as long as short
01 Exchange TAOUSDshort	+0.0728%	1h	320.09	−0.047%	$3K	$4K	5x
Coinbase International TAO-PERP-INTX	+0.0832%	1h	319.97	−0.084%	$1.1M	$7.5M	50x	as long as short
Hyperliquid TAO	+0.1023%	1h	320.28	+0.012%	$96.5M	$110.0M	5x	as long as short
dYdX TAO-USD	+0.1482%	1h	318.93	−0.408%	$269K	$233K	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+2.411%	$24K	$2K	12x	as long as short