Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.085%
Price spread now: 01 Exchange against ApeX Omni+0.301%115s7-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 4 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 +$12 a day on $10k at the current rate, and 01 Exchange is 0.301% dearer against ApeX Omni than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TAOUSDT312.330.0100pay 0.0013% / 1h15m 32s$46K$254K50x
Short01 Exchange TAOUSD313.270.0488get 0.0061% / 1h15m 32s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against ApeX Omni. 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
$81.48
Price spread: +0.301% → 0.000%
$30.1
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$94.58
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: ApeX Omni: live order book, 36 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 ApeX Omni live order book, 36 min ago5.43 bp13.1 bp −$13115.2 bp −$1,152doesn'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
Kraken Futures PF_TAOUSD−0.0347%1h312.44+0.035%$5.5M$20.7M50xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.330.000%$20K150xas long as short
dYdX TAO-USD+0.0011%1h312.57+0.077%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h313.01+0.218%$46K$656K20xas long as short
Katana Perps TAO-USD+0.0099%8h312.88+0.176%$640$845K5xas long as short
Pacifica TAO+0.0100%1h312.95+0.199%$356K$416K10xas long as short
Binance TAOUSDT+0.0100%4h313.01+0.218%$89.6M$501.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.10+0.247%$26.1M$121.2M50xas long as short
Gate TAO_USDT+0.0100%4h312.70+0.118%$13.3M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h313.11+0.250%$103.3M$145.6M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h312.79+0.147%$17.8M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h312.82+0.157%$35.1M$56.5M50xas long as short
edgeX TAOUSDC+0.0100%4h313.34+0.324%$42K$314K10xas long as short
ApeX Omni TAOUSDTlong+0.0100%1h312.33long leg$46K$254K50x
Polymarket Perps TAO-USD+0.0100%1h312.40+0.022%$82K$905K5xas long as short
Bullet TAO-USD+0.0100%1h312.63+0.096%$12K$17K20xas long as short
SunX TAO-USDT+0.0100%4h312.330.000%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.20−0.042%$110K$542K20xas long as short
Phemex TAOUSDT+0.0100%4h312.63+0.096%$3.1M$8.0M50xas long as short
BingX TAO-USDT+0.0104%4h313.03+0.224%$33.7Mas long as short
Aevo TAO-PERP+0.0104%1h312.71+0.123%$172K$9983xas long as short
Aster TAOUSDT+0.0114%4h312.92+0.189%$1.3M$10.5M50xas long as short
Orderly PERP_TAO_USDC+0.0115%4h312.53+0.064%$52K$290K10xas long as short
GRVT TAO_USDT_Perp+0.0124%4h312.88+0.175%$531K$956K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0136% / S +0.0132%1h312.30−0.011%$422K100xas long as short
Paradex TAO-USD-PERP+0.0161%8h313.12+0.254%$14K$1K10xas long as short
Bybit TAOUSDT+0.0187%4h313.05+0.231%$67.5M$150.6M50xas long as short
Arcus TAO-USD+0.0231%1h313.37+0.333%$101K$394K5xas long as short
Extended TAO-USD+0.0320%1h313.08+0.242%$914K$2.4M25xas long as short
Variational Omni TAO+0.0323%4h312.65+0.103%$5.5M$10.1Mas long as short
Nado TAO-PERP+0.0333%1h312.59+0.082%$789K$2.2M10xas long as short
BloFin TAO-USDT+0.0340%4h313.40+0.343%$4.5M$10.8M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0428%1h312.50+0.055%$13K$1.8M25xas long as short
Phoenix TAO+0.0457%1h313.70+0.439%$312K$711K5xas long as short
Hyperliquid TAO+0.0478%1h313.03+0.224%$91.9M$107.8M5xas long as short
01 Exchange TAOUSDshort+0.0488%1h313.27+0.301%$3K$4K5x
Backpack TAO_USDC_PERP+0.0505%1h312.63+0.096%$311K$885K10xas long as short
Lighter TAO+0.0640%1h313.16+0.266%$1.5M$6.5M5xas long as short
Reya TAORUSDPERP+0.0697%1h312.52+0.061%$35920xas long as short
RISEx TAO/USDC+0.0816%1h313.14+0.259%$444K$647K5xas long as short
Bulk TAO-USD+0.0817%1h310.92−0.451%$165K$33310xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h313.56+0.394%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h316.67+1.390%$23K$2K12xas long as short