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−0.0423%/8h= −46.4% APRnext payment $0.53 per $10,000 · paid last 24h −0.079%
Price spread now: Pacifica against 01 Exchange−0.026%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 fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Pacifica is 0.026% cheaper against 01 Exchange than usual: you would sell low and buy high (−$3 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 TAOUSD317.490.0608pay 0.0076% / 1h27m 21s$3K$4K5x
ShortPacifica TAO317.410.0185get 0.0023% / 1h27m 21s$376K$376K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$88.91
Price spread: −0.026% → 0.000%
−$2.56
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$106.47
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; Pacifica: live order book, 46 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 Pacifica live order book, 46 min ago3.53 bp8.8 bp −$9doesn'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−0.1321%1h318.22+0.230%$169K$44K10xas long as short
dYdX TAO-USD0.0000%1h317.04−0.142%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.64−0.268%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h317.22−0.085%$43K$590K20xas long as short
Binance TAOUSDT+0.0100%4h316.77−0.227%$91.0M$447.2M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.00−0.154%$25.9M$108.2M50xas long as short
Gate TAO_USDT+0.0100%4h316.70−0.249%$12.8M$50.7M50xas long as short
MEXC TAO_USDT+0.0100%4h316.96−0.167%$108.3M$134.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h317.18−0.098%$18.2M$29.2M75xas long as short
Bitget TAOUSDT+0.0100%4h316.72−0.243%$35.3M$50.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h317.29−0.064%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.49+0.316%$527K$969K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h316.91−0.183%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.66−0.261%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.26−0.072%$127K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h316.69−0.252%$3.4M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h317.33−0.050%$174K$9983xas long as short
Katana Perps TAO-USD+0.0111%8h317.29−0.063%$734$625K5xas long as short
Bullet TAO-USD+0.0124%1h317.02−0.148%$12K$17K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0093%1h316.65−0.264%$456K100xas long as short
Pacifica TAOshort+0.0185%1h317.41−0.026%$376K$376K10x
Arcus TAO-USD+0.0201%1h317.45−0.013%$84K$550K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0215%1h316.92−0.179%$17K$1.5M25xas long as short
Aster TAOUSDT+0.0220%4h317.04−0.140%$1.1M$8.5M50xas long as short
Paradex TAO-USD-PERP+0.0235%8h317.18−0.098%$14K$1K10xas long as short
ApeX Omni TAOUSDT+0.0296%1h317.11−0.120%$48K$266K50xas long as short
Polymarket Perps TAO-USD+0.0297%1h317.40−0.028%$93K$635K5xas long as short
BloFin TAO-USDT+0.0340%4h317.04−0.142%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0398%4h316.95−0.170%$30.7Mas long as short
Variational Omni TAO+0.0436%4h318.35+0.270%$5.5M$8.7Mas long as short
Bybit TAOUSDT+0.0453%4h317.17−0.101%$65.4M$133.0M50xas long as short
Kraken Futures PF_TAOUSD+0.0484%1h316.74−0.237%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h318.50+0.318%$333K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.726%$23K$67812xas long as short
01 Exchange TAOUSDlong+0.0608%1h317.49long leg$3K$4K5x
Reya TAORUSDPERP+0.0695%1h317.19−0.096%$36520xas long as short
Nado TAO-PERP+0.0788%1h317.38−0.035%$882K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0858%1h317.73+0.076%$321K$818K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.78+0.091%$1.5M$6.3M50xas long as short
RISEx TAO/USDC+0.1141%1h317.28−0.067%$422K$591K5xas long as short
Extended TAO-USD+0.1144%1h316.87−0.194%$927K$2.3M25xas long as short
Lighter TAO+0.1392%1h317.27−0.071%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2089%1h317.65+0.050%$102.3M$91.1M5xas long as short