Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0595%/8h= +65.2% APRpaid last 24h +0.177%

Price spread now: Reya against OKX+0.034%7-day average — · you sell dearer than you buy

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

Long on OKX 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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Reya is 0.034% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	318.10	0.0100	pay 0.0100% / 8h	7h 23m	$26.0M	$108.7M	50x
Short	Reya TAORUSDPERP	318.21	0.0695	get 0.0087% / 1h	23m 47s	$366	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.034%Rate

Funding earned: $125.04
Price spread: +0.034% → 0.000%: $3.4
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $112.44
Costs to cover: 0.160%
Break-even: 0.7 days

Slippage unknown: OKX: 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 OKX live order book, 5 min ago	1.57 bp	12.1 bp −$12	21.5 bp −$215	67.1 bp −$6,714	doesn't fit
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 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	−0.1321%	1h	318.22	+0.038%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.80	−0.095%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.01	−0.027%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.70	−0.126%	$43K	$591K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.96	−0.044%	$91.5M	$447.7M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	318.10	long leg	$26.0M	$108.7M	50x
Gate TAO_USDT	+0.0100%	4h	317.80	−0.094%	$12.9M	$50.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.96	−0.044%	$108.8M	$135.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.01	−0.028%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.04	−0.019%	$35.4M	$50.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.16	−0.295%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.62	−0.466%	$523K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.15	+0.016%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.01	−0.028%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.55	+0.141%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.12	+0.006%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.59	+0.155%	$175K	$998	3x	as long as short
Bullet TAO-USD	+0.0105%	1h	318.28	+0.058%	$12K	$17K	20x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	317.51	−0.185%	$735	$624K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	318.04	−0.018%	$457K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.06	−0.013%	$376K	$376K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0198%	1h	318.17	+0.023%	$17K	$1.5M	25x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.90	−0.063%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0230%	4h	317.92	−0.057%	$1.2M	$8.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	317.75	−0.110%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0292%	1h	318.07	−0.009%	$93K	$635K	5x	as long as short
ApeX Omni TAOUSDT	+0.0316%	1h	317.14	−0.302%	$49K	$267K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.72	+0.195%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.04	−0.019%	—	$30.7M	—	as long as short
Variational Omni TAO	+0.0460%	4h	318.45	+0.111%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	318.10	−0.001%	$5.7M	$20.3M	50x	as long as short
Bybit TAOUSDT	+0.0515%	4h	318.35	+0.079%	$65.6M	$133.1M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.10	0.000%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.531%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	317.68	−0.132%	$3K	$4K	5x	as long as short
Reya TAORUSDPERPshort	+0.0695%	1h	318.21	+0.034%	$366	—	20x
Nado TAO-PERP	+0.0782%	1h	318.30	+0.062%	$889K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0835%	1h	318.15	+0.016%	$321K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.30	+0.063%	$1.5M	$6.3M	50x	as long as short
Extended TAO-USD	+0.1128%	1h	318.04	−0.018%	$926K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.64	−0.143%	$422K	$591K	5x	as long as short
Lighter TAO	+0.1424%	1h	318.69	+0.185%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2012%	1h	318.81	+0.223%	$103.0M	$90.9M	5x	as long as short