Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.069%

Price spread now: Extended against OKX+0.004%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.004%, 7d avg −0.004%

Together, before fees+0.169%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.156% in total (about 8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	313.70	0.0100	pay 0.0100% / 8h	2h 48m	$26.2M	$122.0M	50x
Short	Extended TAO-USD	313.71	0.0392	get 0.0049% / 1h	48m 11s	$905K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.004%Rate

Funding earned: $61.32
Price spread: +0.004% → −0.004%: $0.8
Slippage, 4 orders: −$17.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $29.22
Costs to cover: 0.329%
Break-even: 3.7 days

Slippage from OKX: live order book, 6 min ago; Extended: live order book, 5 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 OKX live order book, 6 min ago	1.60 bp	9.1 bp −$9	17.3 bp −$173	63.6 bp −$6,365	doesn't fit
Sell Extended live order book, 5 min ago	3.21 bp	8.1 bp −$8	10.4 bp −$104	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
dYdX TAO-USD	0.0000%	1h	313.35	−0.113%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.43	−0.087%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.50	−0.064%	$2K	$882K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.79	+0.029%	$89.7M	$505.0M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	313.70	long leg	$26.2M	$122.0M	50x
Gate TAO_USDT	+0.0100%	4h	313.40	−0.096%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.81	+0.035%	$104.8M	$144.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.39	−0.099%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.59	−0.035%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.14	−0.498%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.47	−0.073%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.25	−0.143%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.12	−0.185%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.91	+0.069%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.81	+0.035%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.42	−0.089%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.407%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0156%	4h	313.75	+0.016%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0229%	8h	313.54	−0.050%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.59	−0.036%	$357K	$419K	10x	as long as short
Popdex TAOUSDT	+0.0248%	1h	313.70	0.000%	$49K	$662K	20x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.312%	$46K	$255K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.155%	$532K	$942K	10x	as long as short
Nado TAO-PERP	+0.0261%	1h	313.58	−0.039%	$780K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.93	+0.073%	$5.6M	$20.8M	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	313.81	+0.035%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.62	−0.026%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0358%	4h	313.79	+0.029%	—	$33.6M	—	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.191%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0384%	4h	313.82	+0.038%	$68.0M	$151.3M	50x	as long as short
Phemex TAOUSDT	+0.0389%	4h	313.58	−0.038%	$3.2M	$8.0M	50x	as long as short
Extended TAO-USDshort	+0.0392%	1h	313.71	+0.004%	$905K	$2.4M	25x
Arcus TAO-USD	+0.0483%	1h	313.95	+0.080%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.128%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0542%	1h	313.76	+0.020%	$14K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.51	−0.062%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0719%	1h	313.66	−0.013%	$91.8M	$108.4M	5x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	314.19	+0.156%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0806%	1h	313.51	−0.061%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0920%	1h	314.00	+0.094%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.20	+0.159%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.75	+0.014%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.755%	$23K	$2K	12x	as long as short