Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0728%/8h= −79.7% APRnext payment $0.91 per $10,000 · paid last 24h −0.078%
Price spread now: Aevo against 01 Exchange−0.147%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Aevo is 0.147% cheaper against 01 Exchange than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD320.080.0832pay 0.0104% / 1h51m 25s$3K$4K5x
ShortAevo TAO-PERP319.610.0104get 0.0013% / 1h51m 25s$176K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against 01 Exchange. 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

Funding earned
−$152.88
Price spread: −0.147% → 0.000%
−$14.68
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$190.56
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Aevo: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Aevo live order book, 22 min ago34.18 bp50.6 bp −$51doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1799%1h311.96−2.537%$167K$44K10xas long as short
Phemex TAOUSDT−0.1370%4h320.20+0.037%$3.5M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h320.40+0.100%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.64−0.136%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h319.80−0.087%$42K$578K20xas long as short
Katana Perps TAO-USD+0.0100%8h319.79−0.091%$654$594K5xas long as short
Binance TAOUSDT+0.0100%4h319.95−0.041%$92.0M$440.0M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.50−0.181%$26.0M$106.8M50xas long as short
Gate TAO_USDT+0.0100%4h319.90−0.056%$12.9M$49.6M50xas long as short
MEXC TAO_USDT+0.0100%4h320.54+0.144%$105.7M$131.7M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h319.93−0.047%$19.0M$28.3M75xas long as short
Bitget TAOUSDT+0.0100%4h319.10−0.306%$35.7M$48.9M50xas long as short
edgeX TAOUSDC+0.0100%4h318.79−0.402%$36K$288K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h318.51−0.491%$48K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.40−0.212%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h320.29+0.066%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h320.60+0.162%$128K$422K20xas long as short
Aevo TAO-PERPshort+0.0104%1h319.61−0.147%$176K$9983x
GRVT TAO_USDT_Perp+0.0168%4h320.12+0.012%$532K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h319.60−0.150%$462K100xas long as short
Pacifica TAO+0.0185%1h320.52+0.136%$379K$371K10xas long as short
Arcus TAO-USD+0.0201%1h319.66−0.131%$84K$545K5xas long as short
Aster TAOUSDT+0.0222%4h319.70−0.118%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0226%8h320.04−0.012%$15K$1K10xas long as short
Bullet TAO-USD+0.0274%1h319.96−0.037%$12K$17K20xas long as short
Variational Omni TAO+0.0305%4h320.13+0.014%$5.5M$8.6Mas long as short
BloFin TAO-USDT+0.0340%4h319.44−0.200%$4.4M$10.9M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0341%1h320.38+0.094%$22K$1.5M25xas long as short
Polymarket Perps TAO-USD+0.0345%1h320.58+0.156%$100K$634K5xas long as short
BingX TAO-USDT+0.0378%4h320.00−0.025%$30.7Mas long as short
Kraken Futures PF_TAOUSD+0.0479%1h320.34+0.081%$5.8M$20.2M50xas long as short
Phoenix TAO+0.0525%1h321.00+0.287%$336K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h320.58+0.156%$23K$49512xas long as short
Bybit TAOUSDT+0.0636%4h319.81−0.084%$65.8M$130.2M50xas long as short
Reya TAORUSDPERP+0.0695%1h320.52+0.137%$36920xas long as short
Nado TAO-PERP+0.0762%1h320.36+0.086%$892K$2.0M10xas long as short
01 Exchange TAOUSDlong+0.0832%1h320.08long leg$3K$4K5x
Coinbase International TAO-PERP-INTX+0.0984%1h320.83+0.234%$1.5M$6.1M50xas long as short
Backpack TAO_USDC_PERP+0.1021%1h320.77+0.216%$320K$820K10xas long as short
Extended TAO-USD+0.1032%1h319.27−0.254%$933K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.39−0.215%$422K$586K5xas long as short
Lighter TAO+0.1880%1h321.34+0.395%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2891%1h321.25+0.366%$105.0M$88.6M5xas long as short