Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0684%/8h= −74.9% APRpaid last 24h −0.085%

Price spread now: Binance against 01 Exchange−0.113%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Binance

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

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.113% cheaper against 01 Exchange than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	323.32	0.0784	pay 0.0098% / 1h	29m 23s	$3K	$4K	5x
Short	Binance TAOUSDT	322.96	0.0100	get 0.0050% / 4h	1h 29m	$94.4M	$478.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee BinancebpOrdersPrice spread, now −0.113%Rate

Funding earned: −$143.64
Price spread: −0.113% → 0.000%: −$11.28
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$171.92
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Binance: live order book, 14 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.16 bp	8.1 bp −$8	15.8 bp −$158	34.2 bp −$3,419	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.5583%	1h	316.49	−2.112%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.80	−0.162%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.61	−0.220%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	323.04	−0.087%	$33K	$674K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	322.96	−0.113%	$94.4M	$478.7M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	323.20	−0.037%	$26.6M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.70	−0.192%	$13.2M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	322.90	−0.130%	$99.4M	$141.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.92	−0.124%	$18.1M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.73	−0.182%	$36.1M	$54.6M	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	324.24	+0.285%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.03	−0.090%	$87K	$790K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.33	+0.003%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.45	+0.040%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.58	+0.080%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.50	+0.056%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0112%	4h	323.12	−0.062%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	323.05	−0.084%	$687	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0125%	1h	322.57	−0.233%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	323.37	+0.016%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	323.95	+0.195%	$537K	$964K	10x	as long as short
Bullet TAO-USD	+0.0294%	1h	322.97	−0.108%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0311%	8h	323.27	−0.017%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.68	+0.111%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0372%	4h	323.19	−0.039%	$1.1M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	322.95	−0.114%	$382K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.396%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.47	+0.046%	$101K	$487K	5x	as long as short
BingX TAO-USDT	+0.0566%	4h	322.87	−0.139%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0579%	1h	323.15	−0.052%	$793K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0588%	4h	323.35	+0.009%	$70.9M	$143.5M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0605%	1h	323.49	+0.051%	$24K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	322.92	−0.122%	$371	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.155%	$48K	$253K	50x	as long as short
01 Exchange TAOUSDlong	+0.0784%	1h	323.32	long leg	$3K	$4K	5x
Variational Omni TAO	+0.0868%	4h	323.85	+0.163%	$6.0M	$9.8M	—	as long as short
Extended TAO-USD	+0.0872%	1h	323.18	−0.045%	$949K	$2.3M	25x	as long as short
Lighter TAO	+0.0904%	1h	323.12	−0.062%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	323.85	+0.164%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1067%	1h	323.62	+0.093%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.01	−0.094%	$459K	$638K	5x	as long as short
Hyperliquid TAO	+0.1290%	1h	323.34	+0.006%	$101.6M	$99.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.015%	$24K	$2K	12x	as long as short