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−$70
spread now+0.098%7d average−0.028%fees + slippage, in and out−$83spread needed0.827%
Long on BackpackShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TAO_USDC_PERP286.740.0100pay 0.0013% / 1h16m 17s$328K$435K10x
ShortPhemex TAOUSDT287.020.0180get 0.0090% / 4h3h 16m$3.0M$7.3M50x

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
$9.76
Funding while held
$2.41
Slippage, 4 orders
−$60.67
Fee Backpack: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$70.49
Spread needed to break even
0.827%
Slippage from Backpack: live order book, 29 min ago; Phemex: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0080%
Per $10,000 a day
+$2.41
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, 29 min ago2.09 bp7.1 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago5.77 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni286.12cheapestedgeX286.17+0.019%BloFin286.49+0.129%Nado286.58+0.160%KuCoin286.59+0.164%Phoenix286.60+0.168%Popdex286.64+0.182%HTX286.64+0.182%dYdX286.72+0.210%Aster286.73+0.212%
Backpack286.74+0.217%
Paradex286.76+0.222%Pacifica286.77+0.226%RISEx286.79+0.234%Reya286.80+0.238%Bitget286.81+0.241%01 Exchange286.83+0.248%Katana Perps286.85+0.255%Polymarket Perps286.89+0.269%OKX286.90+0.273%Arcus286.92+0.280%SunX286.96+0.294%Hyperliquid286.98+0.301%Binance286.99+0.303%Gate287.00+0.308%
Phemex287.02+0.315%
Bybit287.04+0.322%Orderly287.06+0.329%Kraken Futures287.07+0.332%BingX287.07+0.332%MEXC287.08+0.336%Bullet287.10+0.343%Extended287.10+0.344%Deribit287.11+0.346%gTrade (Gains Network)287.11+0.347%GMX287.13+0.354%Aevo287.18+0.371%Lighter287.27+0.401%Coinbase International287.44+0.461%Variational Omni287.52+0.488%Bulk289.44+1.160%Injective290.49+1.527%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni TAOUSDT−0.216%+0.0100%1h$43K$265K50xas long as short
edgeX TAOUSDC−0.197%+0.0100%4h$37K$294K10xas long as short
BloFin TAO-USDT−0.087%+0.0340%4h$4.1M$6.8M100xas long as short
Nado TAO-PERP−0.057%+0.0307%1h$1.1M$1.2M10xas long as short
KuCoin TAOUSDTM−0.052%+0.0100%4h$18.0M$19.8M75xas long as short
Phoenix TAO−0.049%+0.0332%1h$304K$157K5xas long as short
Popdex TAOUSDT−0.035%+0.0096%1h$49K$450K20xas long as short
HTX TAO-USDT−0.035%+0.0100%4h$117K$318K20xas long as short
dYdX TAO-USD−0.007%+0.0160%1h$73K$43K5xas long as short
Aster TAOUSDT−0.005%+0.0100%4h$1.6M$5.0M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack TAO_USDC_PERPlong0.000%+0.0100%1h$328K$435K10x
Paradex TAO-USD-PERP+0.005%+0.0117%8h$13K$37610xas long as short
Pacifica TAO+0.009%+0.0100%1h$331K$369K10xas long as short
RISEx TAO/USDC+0.017%+0.0553%1h$329K$426K5xas long as short
Reya TAORUSDPERP+0.021%+0.0692%1h$330—20xas long as short
Bitget TAOUSDT+0.024%+0.0074%4h$32.4M$36.7M50xas long as short
01 Exchange TAOUSD+0.031%+0.0416%1h$3K$4K5xas long as short
Katana Perps TAO-USD+0.038%+0.0100%8h$629$323K5xas long as short
Polymarket Perps TAO-USD+0.052%+0.0100%1h$76K$1.0M5xas long as short
OKX TAO-USDT-SWAP+0.056%+0.0100%8h$23.1M$67.7M50xas long as short
Arcus TAO-USD+0.063%+0.0100%1h$123K$569K5xas long as short
SunX TAO-USDT+0.077%+0.0100%4h$2K$1.6M20xas long as short
Hyperliquid TAO+0.084%+0.0936%1h$79.9M$52.5M5xas long as short
Binance TAOUSDT+0.086%+0.0100%4h$79.9M$325.9M75xas long as short
Gate TAO_USDT+0.091%+0.0100%4h$11.3M$44.5M50xas long as short
Phemex TAOUSDTshort+0.098%+0.0180%4h$3.0M$7.3M50x
Bybit TAOUSDT+0.105%+0.0100%4h$51.6M$85.7M50xas long as short
Orderly PERP_TAO_USDC+0.112%+0.0100%4h$52K$173K10xas long as short
Kraken Futures PF_TAOUSD+0.115%+0.0047%1h$5.2M$13.9M50xas long as short
BingX TAO-USDT+0.115%+0.0100%4h—$28.0M—as long as short
MEXC TAO_USDT+0.119%+0.0100%4h$104.4M$106.0M300xas long as short
Bullet TAO-USD+0.126%+0.0100%1h$10K$17K20xas long as short
Extended TAO-USD+0.127%+0.0104%1h$773K$1.3M25xas long as short
Deribit TAO_USDC-PERPETUAL+0.129%0.0000%1h$47K$923K25xas long as short
gTrade (Gains Network) TAO/USD+0.130%L +0.0004% / S −0.0004%1h$9K—150xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.138%L +0.0174% / S +0.0112%1h$453K—100xas long as short
Aevo TAO-PERP+0.154%+0.0104%1h$158K$9983xas long as short
Lighter TAO+0.183%+0.0560%1h$1.3M$2.0M5xas long as short
Coinbase International TAO-PERP-INTX+0.244%+0.0920%1h$1.4M$4.1M50xas long as short
Variational Omni TAO+0.270%+0.0100%4h$3.4M$4.7M—as long as short
Bulk TAO-USD+0.942%−0.1622%1h$151K$010xas long as short
Injective TAO/USDC PERP+1.308%+0.3912%1h$21K$87K12xas long as short