data as of
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Price arb /

TAO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$115
spread now+0.033%7d average+0.050%fees + slippage, in and out−$114spread needed1.136%
Long on AevoShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo TAO-PERP284.180.0104pay 0.0013% / 1h40m 07s$156K$9983x
ShortLighter TAO284.270.0096get 0.0012% / 1h40m 07s$1.3M$1.8M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$3.33
Funding while held
−$0.24
Slippage, 4 orders
−$97.64
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
−$110.55
Spread needed to break even
1.136%
Slippage from Aevo: live order book, 10 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0008%
Per $10,000 a day
−$0.24
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 10 min ago33.58 bp52.4 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago2.55 bp4.2 bp −$414.9 bp −$149doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX283.48cheapestGate283.70+0.078%Bitget283.71+0.081%BloFin283.81+0.116%OKX283.90+0.148%Nado283.90+0.149%Paradex283.91+0.150%Aster283.95+0.166%KuCoin283.96+0.169%Binance283.98+0.175%BingX284.02+0.190%Extended284.03+0.195%MEXC284.04+0.198%Reya284.05+0.202%Bybit284.08+0.212%dYdX284.08+0.212%Pacifica284.08+0.213%Popdex284.10+0.219%Bullet284.10+0.219%Orderly284.10+0.219%Deribit284.10+0.220%Polymarket Perps284.14+0.233%Phemex284.14+0.233%RISEx284.15+0.238%
Aevo284.18+0.245%
Arcus284.21+0.258%Katana Perps284.21+0.258%gTrade (Gains Network)284.21+0.259%01 Exchange284.22+0.261%GMX284.22+0.262%SunX284.23+0.265%Variational Omni284.24+0.267%Backpack284.25+0.272%
Lighter284.27+0.279%
Kraken Futures284.28+0.281%Hyperliquid284.32+0.296%Phoenix284.50+0.360%edgeX284.53+0.370%ApeX Omni284.54+0.374%Bulk285.88+0.848%Coinbase International288.37+1.725%Injective288.92+1.919%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.245%+0.0100%4h$116K$311K20xas long as short
Gate TAO_USDT−0.167%+0.0100%4h$11.2M$45.0M50xas long as short
Bitget TAOUSDT−0.164%+0.0100%4h$31.9M$35.4M50xas long as short
BloFin TAO-USDT−0.129%+0.0340%4h$4.1M$7.0M100xas long as short
OKX TAO-USDT-SWAP−0.097%+0.0100%8h$23.0M$65.1M50xas long as short
Nado TAO-PERP−0.096%+0.0234%1h$1.0M$1.1M10xas long as short
Paradex TAO-USD-PERP−0.095%+0.0102%8h$13K$37610xas long as short
Aster TAOUSDT−0.079%+0.0100%4h$1.6M$4.9M50xas long as short
KuCoin TAOUSDTM−0.076%+0.0100%4h$17.3M$18.0M75xas long as short
Binance TAOUSDT−0.070%+0.0100%4h$80.0M$314.2M75xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX TAO-USDT−0.055%+0.0100%4h—$28.5M—as long as short
Extended TAO-USD−0.050%+0.0104%1h$765K$1.3M25xas long as short
MEXC TAO_USDT−0.048%+0.0100%4h$109.7M$97.9M300xas long as short
Reya TAORUSDPERP−0.043%+0.0692%1h$327—20xas long as short
Bybit TAOUSDT−0.034%+0.0100%4h$51.5M$82.3M50xas long as short
dYdX TAO-USD−0.033%+0.0034%1h$72K$55K5xas long as short
Pacifica TAO−0.032%+0.0100%1h$331K$369K10xas long as short
Popdex TAOUSDT−0.027%+0.0096%1h$43K$451K20xas long as short
Bullet TAO-USD−0.027%+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC−0.027%+0.0100%4h$51K$146K10xas long as short
Deribit TAO_USDC-PERPETUAL−0.025%0.0000%1h$25K$887K25xas long as short
Polymarket Perps TAO-USD−0.012%+0.0100%1h$73K$1.1M5xas long as short
Phemex TAOUSDT−0.012%+0.0100%4h$3.0M$7.6M50xas long as short
RISEx TAO/USDC−0.008%+0.0517%1h$300K$409K5xas long as short
Aevo TAO-PERPlong0.000%+0.0104%1h$156K$9983x
Arcus TAO-USD+0.012%+0.0100%1h$122K$571K5xas long as short
Katana Perps TAO-USD+0.012%+0.0100%8h$2K$278K5xas long as short
gTrade (Gains Network) TAO/USD+0.014%L +0.0004% / S −0.0012%1h$18K—150xas long as short
01 Exchange TAOUSD+0.016%+0.0232%1h$5K$4K5xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.017%L +0.0468% / S −0.0193%1h$425K—100xas long as short
SunX TAO-USDT+0.019%+0.0100%4h$2K$1.6M20xas long as short
Variational Omni TAO+0.022%+0.0100%4h$3.3M$4.5M—as long as short
Backpack TAO_USDC_PERP+0.026%+0.0190%1h$402K$338K10xas long as short
Lighter TAOshort+0.033%+0.0096%1h$1.3M$1.8M5x
Kraken Futures PF_TAOUSD+0.035%+0.0289%1h$5.5M$13.1M50xas long as short
Hyperliquid TAO+0.051%+0.0297%1h$75.0M$48.9M5xas long as short
Phoenix TAO+0.114%+0.0364%1h$302K$149K5xas long as short
edgeX TAOUSDC+0.124%+0.0100%4h$32K$286K10xas long as short
ApeX Omni TAOUSDT+0.128%+0.0100%1h$44K$266K50xas long as short
Bulk TAO-USD+0.602%−0.0932%1h$150K$010xas long as short
Coinbase International TAO-PERP-INTX+1.476%+0.0920%1h$1.5M$4.1M50xas long as short
Injective TAO/USDC PERP+1.670%+0.3146%1h$21K$125K12xas long as short