Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: ApeX Omni against Bitget+0.175%113s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.477% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.295%+$29 · spread now +0.175%, 7d avg +0.063%

Together, before fees+0.313%+$31 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: ApeX Omni is 0.112% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.063%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	314.26	0.0100	pay 0.0050% / 4h	1h 07m	$35.6M	$55.4M	50x
Short	ApeX Omni TAOUSDT	314.81	0.0100	get 0.0013% / 1h	7m 39s	$45K	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → +0.063%: $11.21
Slippage, 4 orders: −$25.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.49
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; ApeX Omni: live order book, 37 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	1.59 bp	9.4 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	5.07 bp	13.3 bp −$13	134.4 bp −$1,344	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	314.40	+0.045%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.92	+0.210%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	+0.076%	$26.8M	$127.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	+0.013%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.64	+0.121%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	314.26	long leg	$35.6M	$55.4M	50x
ApeX Omni TAOUSDTshort	+0.0100%	1h	314.81	+0.175%	$45K	$254K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	314.78	+0.165%	$69K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.64	+0.121%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.48	+0.070%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.30	+0.013%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.37	+0.034%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.84	+0.183%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0137%	4h	314.78	+0.166%	$42K	$323K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.60	+0.108%	$110.5M	$150.6M	300x	as long as short
Binance TAOUSDT	+0.0153%	4h	314.57	+0.099%	$93.2M	$511.1M	75x	as long as short
Phemex TAOUSDT	+0.0182%	4h	314.57	+0.099%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0224%	1h	314.68	+0.134%	$1.6M	$6.7M	5x	as long as short
Pacifica TAO	+0.0240%	1h	314.63	+0.118%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	314.48	+0.070%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERP	+0.0256%	8h	314.49	+0.073%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0264%	4h	314.48	+0.070%	—	$37.9M	—	as long as short
Orderly PERP_TAO_USDC	+0.0266%	4h	314.71	+0.143%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0277%	4h	314.65	+0.124%	$69.3M	$155.5M	50x	as long as short
Bullet TAO-USD	+0.0301%	1h	314.92	+0.209%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0313%	4h	314.68	+0.134%	$1.3M	$11.4M	50x	as long as short
Nado TAO-PERP	+0.0338%	1h	314.96	+0.222%	$670K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0358% / S −0.0107%	1h	313.88	−0.122%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0383%	4h	315.18	+0.293%	$4.9M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0410%	1h	314.61	+0.111%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	+0.097%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0522%	1h	314.78	+0.165%	$94.5M	$104.8M	5x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	315.36	+0.350%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.73	+0.150%	$99K	$312K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0635%	1h	314.65	+0.125%	$29K	$1.9M	25x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	+0.235%	$317K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	314.31	+0.015%	$438K	$655K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	+0.356%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.69	+0.136%	$362	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0748%	1h	314.41	+0.048%	$295K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.0796%	1h	315.70	+0.457%	$167K	$662	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0936%	1h	314.83	+0.181%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	319.29	+1.601%	$23K	$2K	12x	as long as short