data as of
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Price arb /

TAO

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Spread before costs (cost unknown: a leg has no order-book sample)+0.061%
7d average+0.010%if it closes, per $10,000$6funding while held, a day−$2.64
Long on BinanceShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT285.300.0100pay 0.0050% / 4h2h 59m$78.4M$321.4M75x
ShortDeribit TAO_USDC-PERPETUAL285.470.0012get 0.0002% / 1h59m 49s$40K$925K25x

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
$6.12
Funding while held
−$2.64
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$13.52
Spread needed to break even
0.170%
Slippage unknown: Binance: live order book, 15 min ago; Deribit: live order book, 46 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0088%
Per $10,000 a day
−$2.64
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 Binance live order book, 15 min ago0.17 bp7.7 bp −$811.8 bp −$11830.9 bp −$3,092doesn't fit
Sell Deribit live order book, 46 min ago11.67 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bitget285.00cheapestOKX285.10+0.035%Gate285.10+0.035%KuCoin285.21+0.074%Extended285.22+0.078%BingX285.29+0.102%
Binance285.30+0.105%
MEXC285.30+0.105%Bybit285.35+0.123%Phemex285.35+0.123%gTrade (Gains Network)285.37+0.131%Reya285.37+0.131%HTX285.40+0.140%Bullet285.41+0.144%Orderly285.41+0.144%GMX285.42+0.146%Aster285.46+0.161%
Deribit285.47+0.166%
Aevo285.48+0.167%Nado285.49+0.172%Popdex285.50+0.175%Backpack285.50+0.175%Polymarket Perps285.50+0.175%Kraken Futures285.53+0.185%RISEx285.63+0.221%Katana Perps285.63+0.221%Variational Omni285.64+0.224%01 Exchange285.64+0.225%Lighter285.65+0.229%SunX285.70+0.246%Hyperliquid285.71+0.249%ApeX Omni285.78+0.274%dYdX285.83+0.291%Pacifica285.84+0.295%Arcus285.85+0.298%Coinbase International285.87+0.305%Paradex285.90+0.316%BloFin286.20+0.421%edgeX286.69+0.593%Phoenix286.90+0.667%Bulk287.63+0.923%Injective290.41+1.898%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TAOUSDT−0.105%+0.0072%4h$32.1M$36.5M50xas long as short
OKX TAO-USDT-SWAP−0.070%+0.0100%8h$22.9M$66.1M50xas long as short
Gate TAO_USDT−0.070%+0.0100%4h$11.2M$44.9M50xas long as short
KuCoin TAOUSDTM−0.031%+0.0100%4h$18.0M$19.6M75xas long as short
Extended TAO-USD−0.027%+0.0104%1h$771K$1.3M25xas long as short
BingX TAO-USDT−0.003%+0.0100%4h—$28.1M—as long as short
Binance TAOUSDTlong0.000%+0.0100%4h$78.4M$321.4M75x
MEXC TAO_USDT0.000%+0.0100%4h$105.6M$107.0M300xas long as short
Bybit TAOUSDT+0.018%+0.0100%4h$51.1M$84.3M50xas long as short
Phemex TAOUSDT+0.018%+0.0100%4h$3.0M$7.3M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) TAO/USD+0.026%L +0.0004% / S −0.0004%1h$9K—150xas long as short
Reya TAORUSDPERP+0.026%+0.0693%1h$328—20xas long as short
HTX TAO-USDT+0.035%+0.0100%4h$117K$317K20xas long as short
Bullet TAO-USD+0.039%+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC+0.039%+0.0100%4h$51K$172K10xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.042%L +0.0173% / S +0.0141%1h$479K—100xas long as short
Aster TAOUSDT+0.056%+0.0100%4h$1.6M$5.0M50xas long as short
Deribit TAO_USDC-PERPETUALshort+0.061%+0.0012%1h$40K$925K25x
Aevo TAO-PERP+0.062%+0.0104%1h$157K$9983xas long as short
Nado TAO-PERP+0.067%+0.0238%1h$1.0M$1.2M10xas long as short
Popdex TAOUSDT+0.071%+0.0096%1h$50K$444K20xas long as short
Backpack TAO_USDC_PERP+0.071%+0.0100%1h$327K$430K10xas long as short
Polymarket Perps TAO-USD+0.071%+0.0100%1h$76K$979K5xas long as short
Kraken Futures PF_TAOUSD+0.080%+0.0047%1h$5.2M$13.6M50xas long as short
RISEx TAO/USDC+0.116%+0.0553%1h$323K$425K5xas long as short
Katana Perps TAO-USD+0.116%+0.0100%8h$1K$319K5xas long as short
Variational Omni TAO+0.119%+0.0100%4h$3.2M$4.7M—as long as short
01 Exchange TAOUSD+0.120%+0.0352%1h$3K$4K5xas long as short
Lighter TAO+0.124%+0.0416%1h$1.3M$2.1M5xas long as short
SunX TAO-USDT+0.141%+0.0100%4h$1K$1.6M20xas long as short
Hyperliquid TAO+0.144%+0.0804%1h$79.5M$51.6M5xas long as short
ApeX Omni TAOUSDT+0.169%+0.0100%1h$43K$265K50xas long as short
dYdX TAO-USD+0.186%+0.0125%1h$73K$44K5xas long as short
Pacifica TAO+0.190%+0.0100%1h$330K$369K10xas long as short
Arcus TAO-USD+0.193%+0.0100%1h$123K$569K5xas long as short
Coinbase International TAO-PERP-INTX+0.200%+0.0920%1h$1.4M$4.0M50xas long as short
Paradex TAO-USD-PERP+0.211%+0.0112%8h$13K$37610xas long as short
BloFin TAO-USDT+0.316%+0.0340%4h$4.0M$6.7M100xas long as short
edgeX TAOUSDC+0.488%+0.0100%4h$37K$294K10xas long as short
Phoenix TAO+0.561%+0.0332%1h$305K$157K5xas long as short
Bulk TAO-USD+0.817%+0.0197%1h$150K$010xas long as short
Injective TAO/USDC PERP+1.792%+0.3912%1h$21K$87K12xas long as short