Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: MEXC against Bitget+0.061%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.061%, 7d avg +0.005%

Together, before fees−0.176%−$18 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: MEXC is 0.056% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	294.53	0.0100	pay 0.0050% / 4h	27m 39s	$33.2M	$36.6M	50x
Short	MEXC TAO_USDT	294.71	0.0100	get 0.0050% / 4h	27m 39s	$104.9M	$104.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.005%: $5.64
Slippage, 4 orders: −$16.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.12
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago	1.72 bp	11.5 bp −$12	23.5 bp −$235	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.20 bp	1.8 bp −$2	3.6 bp −$36	21.4 bp −$2,145	106.5 bp −$53.3K

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	−0.0948%	1h	288.22	−2.142%	$190K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0159%	1h	294.00	−0.181%	$5.4M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	294.56	+0.012%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	293.38	−0.390%	$28K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	293.32	−0.411%	$31K	$473K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	294.62	+0.030%	$1.7M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	294.76	+0.078%	$342K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	294.73	+0.067%	$79.6M	$331.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	294.78	+0.085%	$51.8M	$87.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	294.60	+0.024%	$23.5M	$71.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	293.73	−0.272%	$128K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	294.20	−0.112%	$11.7M	$44.7M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	294.71	+0.061%	$104.9M	$104.7M	300x
KuCoin TAOUSDTM	+0.0100%	4h	294.57	+0.014%	$19.4M	$20.8M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	294.53	long leg	$33.2M	$36.6M	50x
BingX TAO-USDT	+0.0100%	4h	294.70	+0.058%	—	$29.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	293.27	−0.427%	$3.1M	$5.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	290.04	−1.526%	$38K	$273K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	290.91	−1.231%	$517K	$860K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	290.09	−1.507%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	293.52	−0.343%	$84K	$506K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	293.50	−0.350%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	293.26	−0.431%	$54K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	293.67	−0.292%	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	293.50	−0.350%	$123K	$309K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	294.08	−0.153%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	293.51	−0.346%	$2K	$334K	5x	as long as short
Extended TAO-USD	+0.0104%	1h	294.70	+0.057%	$809K	$1.4M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	293.45	−0.365%	$161K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0104%	8h	294.59	+0.020%	$14K	$376	10x	as long as short
Nado TAO-PERP	+0.0130%	1h	293.40	−0.383%	$1.0M	$1.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0206%	1h	293.67	−0.291%	$27K	$998K	25x	as long as short
Phoenix TAO	+0.0336%	1h	291.60	−0.995%	$310K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	293.95	−0.197%	$4.1M	$7.2M	100x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	293.66	−0.295%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0432%	1h	294.95	+0.143%	$1.3M	$2.3M	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	294.87	+0.114%	$333K	$447K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0495% / S −0.0204%	1h	293.31	−0.414%	$453K	—	100x	as long as short
Reya TAORUSDPERP	+0.0693%	1h	293.49	−0.353%	$338	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	294.20	−0.112%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0873%	1h	294.41	−0.041%	$408K	$497K	10x	as long as short
Hyperliquid TAO	+0.1239%	1h	295.44	+0.309%	$84.4M	$55.3M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−1.178%	$21K	$39K	12x	as long as short