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+0.0728%/8h= +79.7% APRnext payment +$0.91 per $10,000 · paid last 24h +0.078%
Price spread now: 01 Exchange against Aevo+0.277%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and 01 Exchange is 0.277% dearer against Aevo than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo TAO-PERP319.730.0104pay 0.0013% / 1h50m 18s$176K$9983x
Short01 Exchange TAOUSD320.610.0832get 0.0104% / 1h50m 18s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
$152.88
Price spread: +0.277% → 0.000%
$27.68
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$157.56
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: Aevo: live order book, 23 min ago; 01 Exchange: no order-book sample. 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 Aevo live order book, 23 min ago34.18 bp48.7 bp −$49299.5 bp −$2,995doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
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−0.1799%1h311.96−2.429%$167K$44K10xas long as short
Phemex TAOUSDT−0.0839%4h318.72−0.314%$3.4M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h319.11−0.191%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.44−0.089%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h320.46+0.230%$42K$579K20xas long as short
Binance TAOUSDT+0.0100%4h319.76+0.011%$92.0M$440.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.40−0.102%$26.0M$106.9M50xas long as short
Gate TAO_USDT+0.0100%4h319.60−0.039%$12.9M$49.7M50xas long as short
MEXC TAO_USDT+0.0100%4h319.90+0.055%$106.0M$131.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.98+0.080%$19.0M$28.4M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h319.24−0.152%$35.7M$49.0M50xas long as short
edgeX TAOUSDC+0.0100%4h318.79−0.292%$36K$288K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h318.51−0.380%$48K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.44−0.089%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h319.10−0.195%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.75+0.008%$128K$422K20xas long as short
Aevo TAO-PERPlong+0.0104%1h319.73long leg$176K$9983x
Katana Perps TAO-USD+0.0105%8h320.26+0.167%$2K$595K5xas long as short
GRVT TAO_USDT_Perp+0.0168%4h320.12+0.123%$532K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h319.38−0.107%$463K100xas long as short
Pacifica TAO+0.0185%1h319.73+0.002%$378K$371K10xas long as short
Arcus TAO-USD+0.0201%1h320.45+0.227%$85K$545K5xas long as short
Paradex TAO-USD-PERP+0.0226%8h319.61−0.035%$14K$1K10xas long as short
Aster TAOUSDT+0.0230%4h319.83+0.033%$1.1M$8.1M50xas long as short
Bullet TAO-USD+0.0280%1h319.91+0.057%$12K$17K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0305%1h319.26−0.144%$22K$1.5M25xas long as short
Variational Omni TAO+0.0305%4h320.13+0.125%$5.5M$8.6Mas long as short
BloFin TAO-USDT+0.0340%4h319.32−0.127%$4.4M$10.9M100xas long as short
Polymarket Perps TAO-USD+0.0365%1h320.29+0.177%$100K$634K5xas long as short
BingX TAO-USDT+0.0378%4h319.79+0.020%$30.7Mas long as short
Kraken Futures PF_TAOUSD+0.0480%1h319.51−0.066%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h321.00+0.399%$336K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h320.58+0.267%$23K$49512xas long as short
Bybit TAOUSDT+0.0646%4h319.63−0.030%$65.8M$130.3M50xas long as short
Reya TAORUSDPERP+0.0695%1h319.82+0.029%$36820xas long as short
Nado TAO-PERP+0.0746%1h319.93+0.063%$891K$2.0M10xas long as short
01 Exchange TAOUSDshort+0.0832%1h320.61+0.277%$3K$4K5x
Coinbase International TAO-PERP-INTX+0.0984%1h321.35+0.508%$1.5M$6.1M50xas long as short
Backpack TAO_USDC_PERP+0.1022%1h319.03−0.217%$318K$820K10xas long as short
Extended TAO-USD+0.1056%1h319.25−0.149%$933K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h320.37+0.200%$423K$590K5xas long as short
Lighter TAO+0.1784%1h320.07+0.107%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2908%1h320.89+0.364%$104.9M$88.6M5xas long as short