Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.004%

Price spread now: Aevo against Bitget+0.125%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.125%, 7d avg +0.077%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.048% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	319.59	0.0100	pay 0.0050% / 4h	3h 35m	$35.6M	$50.2M	50x
Short	Aevo TAO-PERP	319.99	0.0104	get 0.0013% / 1h	35m 14s	$176K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee AevobpOrdersPrice spread, now +0.125%Rate

Funding earned: $0.84
Price spread: +0.125% → +0.077%: $4.81
Slippage, 4 orders: −$95.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$118.16
Costs to cover: 1.238%
Break-even: 991.7 days

Slippage from Bitget: live order book, 4 min ago; Aevo: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	1.26 bp	12.3 bp −$12	27.3 bp −$273	doesn't fit	doesn't fit
Sell Aevo live order book, 39 min ago	34.18 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1322%	1h	319.84	+0.078%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0525%	4h	319.48	−0.034%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.00	−0.185%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.05	−0.169%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.60	+0.003%	$42K	$587K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.63	+0.013%	$92.1M	$445.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+0.066%	$26.1M	$108.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−0.028%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.69	+0.031%	$107.7M	$134.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.62	+0.009%	$18.2M	$29.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDTlong	+0.0100%	4h	319.59	long leg	$35.6M	$50.2M	50x
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.434%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.960%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.60	+0.003%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.21	−0.119%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.94	+0.110%	$128K	$424K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	319.99	+0.125%	$176K	$998	3x
Katana Perps TAO-USD	+0.0121%	8h	319.81	+0.069%	$1K	$615K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.09	−0.157%	$463K	—	100x	as long as short
Bullet TAO-USD	+0.0175%	1h	319.24	−0.109%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	319.59	+0.001%	$378K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.91	+0.100%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0237%	4h	319.51	−0.025%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	319.10	−0.152%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0263%	1h	319.61	+0.008%	$18K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0330%	1h	319.75	+0.050%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.99	+0.125%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0344%	1h	319.23	−0.113%	$48K	$266K	50x	as long as short
Bybit TAOUSDT	+0.0385%	4h	319.99	+0.125%	$65.7M	$132.7M	50x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.230%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	319.77	+0.056%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0480%	1h	319.57	−0.007%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.654%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.79	+0.063%	$23K	$666	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	320.20	+0.191%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.24	−0.109%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0772%	1h	319.34	−0.079%	$889K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0894%	1h	319.95	+0.113%	$323K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.02	+0.135%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1128%	1h	319.70	+0.034%	$936K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.85	+0.080%	$425K	$600K	5x	as long as short
Lighter TAO	+0.1488%	1h	320.16	+0.180%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2377%	1h	320.13	+0.169%	$103.4M	$90.7M	5x	as long as short