data as of
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Price arb /

TAO

all TAO markets
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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−$14
spread now+0.202%7d average+0.057%fees + slippage, in and out−$29spread needed0.287%
Long on BinanceShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT284.800.0100pay 0.0050% / 4h1h 01m$80.0M$310.9M75x
ShortHyperliquid TAO285.380.0311get 0.0039% / 1h1m 54s$75.1M$48.4M5x

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
$20.25
Funding while held
$6.33
Slippage, 4 orders
−$9.71
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$2.13
Spread needed to break even
0.287%
Slippage from Binance: live order book, 13 min ago; Hyperliquid: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0211%
Per $10,000 a day
+$6.33
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, 13 min ago0.18 bp6.4 bp −$612.7 bp −$12732.8 bp −$3,277doesn't fit
Sell Hyperliquid live order book, 3 min ago1.05 bp7.3 bp −$7doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bulk283.31cheapestOKX284.70+0.491%Gate284.70+0.491%Bitget284.76+0.512%
Binance284.80+0.527%
Extended284.84+0.539%BingX284.84+0.540%Aster284.92+0.568%Bybit284.94+0.575%KuCoin284.95+0.579%MEXC284.97+0.586%Phemex285.03+0.607%Backpack285.17+0.657%gTrade (Gains Network)285.22+0.675%GMX285.22+0.675%Kraken Futures285.26+0.687%Orderly285.26+0.688%Aevo285.30+0.703%Deribit285.32+0.709%dYdX285.34+0.718%Lighter285.35+0.719%SunX285.35+0.720%Pacifica285.36+0.723%Reya285.38+0.730%
Hyperliquid285.38+0.731%
Bullet285.39+0.735%Paradex285.42+0.743%HTX285.44+0.752%RISEx285.45+0.755%BloFin285.47+0.762%Variational Omni285.48+0.767%Polymarket Perps285.50+0.773%Nado285.52+0.781%Katana Perps285.53+0.784%Popdex285.53+0.784%edgeX285.58+0.802%Arcus285.62+0.815%ApeX Omni285.64+0.822%01 Exchange285.70+0.844%Phoenix285.90+0.914%Coinbase International286.18+1.013%Injective287.46+1.465%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.524%+0.0100%1h$148K$010xas long as short
OKX TAO-USDT-SWAP−0.036%+0.0100%8h$23.0M$65.1M50xas long as short
Gate TAO_USDT−0.036%+0.0100%4h$11.2M$45.4M50xas long as short
Bitget TAOUSDT−0.015%+0.0100%4h$32.2M$34.7M50xas long as short
Binance TAOUSDTlong0.000%+0.0100%4h$80.0M$310.9M75x
Extended TAO-USD+0.012%+0.0104%1h$768K$1.3M25xas long as short
BingX TAO-USDT+0.013%+0.0100%4h—$28.3M—as long as short
Aster TAOUSDT+0.041%+0.0100%4h$1.7M$4.7M50xas long as short
Bybit TAOUSDT+0.048%+0.0100%4h$51.7M$81.4M50xas long as short
KuCoin TAOUSDTM+0.052%+0.0100%4h$17.4M$17.9M75xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC TAO_USDT+0.059%+0.0100%4h$107.2M$97.1M300xas long as short
Phemex TAOUSDT+0.080%+0.0100%4h$3.0M$7.6M50xas long as short
Backpack TAO_USDC_PERP+0.129%+0.0100%1h$289K$282K10xas long as short
gTrade (Gains Network) TAO/USD+0.147%L +0.0004% / S −0.0012%1h$18K—150xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.148%L +0.0470% / S −0.0193%1h$427K—100xas long as short
Kraken Futures PF_TAOUSD+0.159%+0.0449%1h$5.5M$13.2M50xas long as short
Orderly PERP_TAO_USDC+0.160%+0.0100%4h$51K$146K10xas long as short
Aevo TAO-PERP+0.175%+0.0104%1h$157K$9983xas long as short
Deribit TAO_USDC-PERPETUAL+0.181%0.0000%1h$27K$875K25xas long as short
dYdX TAO-USD+0.190%+0.0050%1h$73K$55K5xas long as short
Lighter TAO+0.191%+0.0280%1h$1.3M$1.8M5xas long as short
SunX TAO-USDT+0.192%+0.0100%4h$2K$1.5M20xas long as short
Pacifica TAO+0.195%+0.0100%1h$332K$368K10xas long as short
Reya TAORUSDPERP+0.202%+0.0692%1h$328—20xas long as short
Hyperliquid TAOshort+0.202%+0.0311%1h$75.1M$48.4M5x
Bullet TAO-USD+0.207%+0.0100%1h$10K$17K20xas long as short
Paradex TAO-USD-PERP+0.215%+0.0102%8h$13K$37610xas long as short
HTX TAO-USDT+0.224%+0.0100%4h$116K$308K20xas long as short
RISEx TAO/USDC+0.227%+0.0556%1h$321K$399K5xas long as short
BloFin TAO-USDT+0.234%+0.0340%4h$4.1M$6.9M100xas long as short
Variational Omni TAO+0.238%+0.0100%4h$3.3M$4.5M—as long as short
Polymarket Perps TAO-USD+0.245%+0.0100%1h$73K$1.1M5xas long as short
Nado TAO-PERP+0.253%+0.0294%1h$1.1M$1.1M10xas long as short
Katana Perps TAO-USD+0.255%+0.0100%8h$644$269K5xas long as short
Popdex TAOUSDT+0.255%+0.0096%1h$42K$445K20xas long as short
edgeX TAOUSDC+0.273%+0.0100%4h$32K$286K10xas long as short
Arcus TAO-USD+0.287%+0.0100%1h$122K$570K5xas long as short
ApeX Omni TAOUSDT+0.294%+0.0100%1h$44K$266K50xas long as short
01 Exchange TAOUSD+0.315%+0.0256%1h$5K$4K5xas long as short
Phoenix TAO+0.385%+0.0363%1h$303K$148K5xas long as short
Coinbase International TAO-PERP-INTX+0.483%+0.1000%1h$1.5M$4.2M50xas long as short
Injective TAO/USDC PERP+0.933%+0.1765%1h$21K$125K12xas long as short