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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0548%/8h= −60.0% APRnext payment $0.69 per $10,000 · paid last 24h −0.089%
Price spread now: ApeX Omni against 01 Exchange−0.920%55s7-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 4 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 −$16 a day on $10k at the current rate, and ApeX Omni is 0.920% cheaper against 01 Exchange than usual: you would sell low and buy high (−$92 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD322.810.0648pay 0.0081% / 1h26m 39s$3K$4K5x
ShortApeX Omni TAOUSDT319.840.0100get 0.0013% / 1h26m 39s$45K$259K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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
−$115.08
Price spread: −0.920% → 0.000%
−$92
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$224.08
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; ApeX Omni: live order book, 15 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 ApeX Omni live order book, 15 min ago4.38 bp11.9 bp −$12115.4 bp −$1,154doesn'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−0.1995%1h319.47−1.035%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h319.13−1.139%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h319.02−1.174%$22K150xas long as short
Popdex TAOUSDT+0.0096%1h322.24−0.177%$43K$705K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h321.80−0.313%$26.8M$130.7M50xas long as short
Gate TAO_USDT+0.0100%4h321.40−0.437%$14.4M$52.0M50xas long as short
KuCoin TAOUSDTM+0.0100%4h321.17−0.508%$18.0M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h321.91−0.279%$36.2M$58.4M50xas long as short
ApeX Omni TAOUSDTshort+0.0100%1h319.84−0.920%$45K$259K50x
Polymarket Perps TAO-USD+0.0100%1h320.89−0.595%$89K$1.2M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h321.03−0.551%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h320.00−0.870%$119K$597K20xas long as short
Katana Perps TAO-USD+0.0109%8h322.14−0.208%$731$1.0M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0118% / S +0.0150%1h320.83−0.612%$429K100xas long as short
Aevo TAO-PERP+0.0120%1h321.15−0.516%$176K$9983xas long as short
Orderly PERP_TAO_USDC+0.0125%4h321.22−0.493%$53K$292K10xas long as short
MEXC TAO_USDT+0.0170%4h321.69−0.347%$106.6M$150.2M300xas long as short
edgeX TAOUSDC+0.0170%4h319.71−0.961%$42K$316K10xas long as short
Binance TAOUSDT+0.0171%4h321.55−0.390%$93.1M$529.1M75xas long as short
Paradex TAO-USD-PERP+0.0278%8h321.99−0.255%$15K$1K10xas long as short
Phemex TAOUSDT+0.0278%4h320.92−0.585%$3.3M$8.1M50xas long as short
BingX TAO-USDT+0.0324%4h322.03−0.242%$34.5Mas long as short
Aster TAOUSDT+0.0347%4h321.19−0.501%$1.3M$10.9M50xas long as short
Bybit TAOUSDT+0.0350%4h321.92−0.276%$70.6M$156.2M50xas long as short
Bullet TAO-USD+0.0395%1h321.24−0.486%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0396%4h319.57−1.003%$544K$940K10xas long as short
BloFin TAO-USDT+0.0411%4h321.16−0.511%$4.7M$11.1M100xas long as short
Extended TAO-USD+0.0464%1h322.03−0.242%$913K$2.4M25xas long as short
Pacifica TAO+0.0525%1h321.51−0.404%$366K$423K10xas long as short
Variational Omni TAO+0.0541%4h320.05−0.855%$5.7M$10.2Mas long as short
Nado TAO-PERP+0.0548%1h320.88−0.597%$801K$2.0M10xas long as short
Phoenix TAO+0.0567%1h319.40−1.056%$318K$709K5xas long as short
Arcus TAO-USD+0.0641%1h322.21−0.186%$104K$389K5xas long as short
01 Exchange TAOUSDlong+0.0648%1h322.81long leg$3K$4K5x
Hyperliquid TAO+0.0651%1h321.40−0.437%$94.9M$110.4M5xas long as short
Reya TAORUSDPERP+0.0698%1h319.25−1.104%$36720xas long as short
Backpack TAO_USDC_PERP+0.0718%1h321.37−0.446%$299K$905K10xas long as short
Lighter TAO+0.0760%1h321.51−0.402%$1.5M$6.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h321.15−0.514%$1.5M$6.9M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0952%1h321.24−0.486%$15K$1.9M25xas long as short
RISEx TAO/USDC+0.1077%1h321.14−0.516%$460K$666K5xas long as short
Kraken Futures PF_TAOUSD+0.1149%1h321.36−0.450%$6.0M$21.8M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.44+0.195%$24K$2K12xas long as short