Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Binance against Aevo−0.459%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2302.296% of the position

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 3 days (all we have)+0.438%+$44 · spread now −0.459%, 7d avg −0.036%

Together, before fees+0.369%+$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.423% cheaper against Aevo than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	318.92	0.0104	pay 0.0013% / 1h	55m 45s	$175K	$998	3x
Short	Binance TAOUSDT	317.46	0.0100	get 0.0050% / 4h	1h 55m	$91.7M	$467.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.459%Rate

Funding earned: −$0.84
Price spread: −0.459% → −0.036%: −$42.29
Slippage, 4 orders: −$203.59
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$272.72
Costs to cover: 2.296%
Break-even: never at this rate

Slippage from Aevo: live order book, 8 min ago; Binance: live order book, 3 min ago.

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 Aevo live order book, 8 min ago	80.37 bp	106.9 bp −$107	640.0 bp −$6,400	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.16 bp	8.4 bp −$8	14.9 bp −$149	31.5 bp −$3,152	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−1.142%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.35	−0.493%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.63	−0.091%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.55	−0.116%	$45K	$645K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	317.46	−0.459%	$91.7M	$467.5M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.508%	$26.3M	$115.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.80	−0.351%	$13.0M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.06	−0.270%	$104.7M	$137.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.03	−0.279%	$18.0M	$30.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.53	−0.436%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.02	−0.596%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.69	−0.072%	$76K	$722K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.92	0.000%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.34	−0.182%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.68	−0.075%	$131K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.21	−0.223%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	318.92	long leg	$175K	$998	3x
Katana Perps TAO-USD	+0.0114%	8h	318.19	−0.229%	$2K	$730K	5x	as long as short
ApeX Omni TAOUSDT	+0.0148%	1h	316.61	−0.725%	$47K	$252K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	318.90	−0.007%	$433K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	317.15	−0.554%	$527K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0246%	1h	318.63	−0.093%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0290%	4h	317.74	−0.369%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0351%	8h	318.09	−0.260%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0381%	1h	319.04	+0.038%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0448%	1h	317.56	−0.426%	$375K	$393K	10x	as long as short
Arcus TAO-USD	+0.0509%	1h	318.52	−0.126%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0560%	1h	318.94	+0.008%	$763K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.10	−0.884%	$332K	$707K	5x	as long as short
BingX TAO-USDT	+0.0686%	4h	317.90	−0.320%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.93	+0.003%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0696%	1h	318.75	−0.054%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0729%	1h	318.91	−0.003%	$14K	$1.6M	25x	as long as short
Bybit TAOUSDT	+0.0745%	4h	317.65	−0.398%	$67.4M	$138.3M	50x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.032%	$6.0M	$9.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0871%	1h	318.65	−0.085%	$322K	$802K	10x	as long as short
Extended TAO-USD	+0.0904%	1h	317.92	−0.314%	$900K	$2.3M	25x	as long as short
Lighter TAO	+0.1008%	1h	317.86	−0.334%	$1.6M	$6.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.28	+0.113%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	318.32	−0.189%	$450K	$626K	5x	as long as short
Hyperliquid TAO	+0.1379%	1h	318.17	−0.235%	$100.6M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+0.633%	$23K	$2K	12x	as long as short