Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Aevo−0.108%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2072.066% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.108%, 7d avg −0.041%

Together, before fees+0.011%+$1 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: MEXC is 0.066% cheaper against Aevo than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	315.79	0.0104	pay 0.0013% / 1h	17m 55s	$173K	$998	3x
Short	MEXC TAO_USDT	315.45	0.0100	get 0.0050% / 4h	2h 17m	$111.7M	$139.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$0.84
Price spread: −0.108% → −0.041%: −$6.65
Slippage, 4 orders: −$190.64
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$214.13
Costs to cover: 2.066%
Break-even: never at this rate

Slippage from Aevo: live order book, 51 min ago; MEXC: live order book, 1 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, 51 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.79 bp	2.3 bp −$2	6.7 bp −$67	28.1 bp −$2,807	116.8 bp −$58.4K

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
dYdX TAO-USD	0.0000%	1h	315.35	−0.140%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.21	−0.182%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.71	−0.342%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.19	−0.190%	$90.5M	$467.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	−0.187%	$26.1M	$113.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.155%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	315.45	−0.108%	$111.7M	$139.4M	300x
KuCoin TAOUSDTM	+0.0100%	4h	316.04	+0.079%	$18.1M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.03	−0.241%	$35.2M	$53.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.73	−0.019%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	315.68	−0.035%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	−0.105%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.87	+0.025%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.47	−0.101%	$129K	$473K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.49	−0.095%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	315.79	long leg	$173K	$998	3x
Katana Perps TAO-USD	+0.0118%	8h	314.77	−0.323%	$1K	$711K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	315.02	−0.244%	$80K	$681K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.89	+0.031%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	315.24	−0.173%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.419%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0247%	1h	315.65	−0.044%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0254%	4h	315.67	−0.039%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.68	−0.035%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.26	−0.168%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0363%	8h	315.69	−0.033%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.912%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0528%	1h	315.05	−0.235%	$786K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.30	+0.478%	$332K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.01	−0.247%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.21	−0.183%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0780%	4h	315.39	−0.127%	—	$30.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0811%	1h	315.99	+0.064%	$22K	$1.5M	25x	as long as short
Bybit TAOUSDT	+0.0823%	4h	315.36	−0.136%	$66.2M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	−0.020%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.21	−0.184%	$902K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.64	−0.048%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.30	+0.161%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	314.70	−0.345%	$449K	$631K	5x	as long as short
Hyperliquid TAO	+0.1330%	1h	315.88	+0.028%	$100.3M	$95.2M	5x	as long as short
Lighter TAO	+0.1416%	1h	316.40	+0.193%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.168%	$164K	$40K	10x	as long as short