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Price arb /

TAO

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Spread before costs (cost unknown: a leg has no order-book sample)−0.116%
7d average−0.026%if it closes, per $10,000$12funding while held, a day−$6.88
Long on BackpackShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TAO_USDC_PERP285.860.0329pay 0.0041% / 1h58m 22s$399K$499K10x
ShortPacifica TAO285.530.0100get 0.0013% / 1h58m 22s$330K$370K10x

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
−$11.64
Funding while held
−$6.88
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$36.52
Spread needed to break even
0.180%
Slippage unknown: Backpack: live order book, 37 min ago; Pacifica: live order book, 36 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0229%
Per $10,000 a day
−$6.88
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 Backpack live order book, 37 min ago0.18 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 36 min ago1.24 bp9.0 bp −$9doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bitget285.24cheapestOKX285.30+0.021%Gate285.30+0.021%Bulk285.42+0.063%BingX285.42+0.063%Reya285.42+0.064%Nado285.43+0.067%Extended285.44+0.069%Binance285.44+0.070%KuCoin285.44+0.070%Orderly285.45+0.074%Bullet285.45+0.075%GMX285.46+0.075%Paradex285.46+0.077%MEXC285.47+0.081%gTrade (Gains Network)285.49+0.087%Bybit285.50+0.091%Polymarket Perps285.50+0.091%Popdex285.52+0.098%
Pacifica285.53+0.101%
SunX285.54+0.105%HTX285.54+0.105%dYdX285.57+0.114%Aevo285.59+0.122%BloFin285.60+0.126%Phemex285.61+0.130%Aster285.61+0.131%Katana Perps285.64+0.140%RISEx285.65+0.144%Deribit285.65+0.144%Lighter285.72+0.168%Arcus285.73+0.172%Kraken Futures285.75+0.178%01 Exchange285.76+0.182%
Backpack285.86+0.217%
Hyperliquid285.87+0.221%edgeX286.07+0.291%Variational Omni286.12+0.309%Phoenix286.40+0.407%ApeX Omni286.61+0.480%Coinbase International286.64+0.491%Injective286.99+0.614%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TAOUSDT−0.217%+0.0100%4h$32.1M$35.8M50xas long as short
OKX TAO-USDT-SWAP−0.196%+0.0100%8h$22.4M$67.2M50xas long as short
Gate TAO_USDT−0.196%+0.0100%4h$11.3M$43.4M50xas long as short
Bulk TAO-USD−0.154%−0.1108%1h$184K$38K10xas long as short
BingX TAO-USDT−0.154%+0.0100%4h—$29.0M—as long as short
Reya TAORUSDPERP−0.153%+0.0693%1h$328—20xas long as short
Nado TAO-PERP−0.150%+0.0104%1h$1.0M$1.2M10xas long as short
Extended TAO-USD−0.148%+0.0104%1h$758K$1.3M25xas long as short
Binance TAOUSDT−0.147%+0.0100%4h$76.7M$322.7M75xas long as short
KuCoin TAOUSDTM−0.147%+0.0100%4h$16.9M$19.6M75xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_TAO_USDC−0.143%+0.0100%4h$55K$195K10xas long as short
Bullet TAO-USD−0.142%+0.0100%1h$11K$18K20xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.142%L +0.0479% / S −0.0199%1h$434K—100xas long as short
Paradex TAO-USD-PERP−0.140%+0.0101%8h$13K$37610xas long as short
MEXC TAO_USDT−0.136%+0.0100%4h$104.1M$100.9M300xas long as short
gTrade (Gains Network) TAO/USD−0.130%L +0.0004% / S −0.0015%1h$21K—150xas long as short
Bybit TAOUSDT−0.126%+0.0100%4h$49.3M$84.1M50xas long as short
Polymarket Perps TAO-USD−0.126%+0.0100%1h$81K$536K5xas long as short
Popdex TAOUSDT−0.119%+0.0096%1h$40K$453K20xas long as short
Pacifica TAOshort−0.116%+0.0100%1h$330K$370K10x
SunX TAO-USDT−0.112%+0.0100%4h$1K$1.6M20xas long as short
HTX TAO-USDT−0.112%+0.0100%4h$117K$303K20xas long as short
dYdX TAO-USD−0.103%0.0000%1h$73K$35K5xas long as short
Aevo TAO-PERP−0.096%+0.0104%1h$157K$9983xas long as short
BloFin TAO-USDT−0.091%+0.0340%4h$3.9M$6.9M100xas long as short
Phemex TAOUSDT−0.087%+0.0100%4h$3.0M$7.4M50xas long as short
Aster TAOUSDT−0.086%+0.0100%4h$1.6M$4.7M50xas long as short
Katana Perps TAO-USD−0.077%+0.0100%8h$1K$309K5xas long as short
RISEx TAO/USDC−0.073%+0.0478%1h$319K$443K5xas long as short
Deribit TAO_USDC-PERPETUAL−0.073%0.0000%1h$34K$944K25xas long as short
Lighter TAO−0.049%+0.0184%1h$1.3M$2.2M5xas long as short
Arcus TAO-USD−0.045%+0.0100%1h$125K$579K5xas long as short
Kraken Futures PF_TAOUSD−0.039%−0.0163%1h$5.2M$13.1M50xas long as short
01 Exchange TAOUSD−0.035%+0.0328%1h$3K$4K5xas long as short
Backpack TAO_USDC_PERPlong0.000%+0.0329%1h$399K$499K10x
Hyperliquid TAO+0.003%+0.0573%1h$79.0M$53.3M5xas long as short
edgeX TAOUSDC+0.073%+0.0100%4h$37K$272K10xas long as short
Variational Omni TAO+0.092%+0.0100%4h$2.8M$5.1M—as long as short
Phoenix TAO+0.189%+0.0456%1h$304K$158K5xas long as short
ApeX Omni TAOUSDT+0.262%+0.0100%1h$43K$265K50xas long as short
Coinbase International TAO-PERP-INTX+0.273%+0.0872%1h$1.4M$3.7M50xas long as short
Injective TAO/USDC PERP+0.395%+0.2947%1h$21K$39K12xas long as short