Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: OKX against Bitget+0.089%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.089%, 7d avg −0.016%

Together, before fees−0.178%−$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: OKX is 0.105% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	313.32	0.0100	pay 0.0050% / 4h	3h 28m	$35.2M	$57.1M	50x
Short	OKX TAO-USDT-SWAP	313.60	0.0100	get 0.0100% / 8h	7h 28m	$26.1M	$128.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.016%: $10.5
Slippage, 4 orders: −$18.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.31
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago	0.80 bp	11.7 bp −$12	22.5 bp −$225	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.59 bp	7.9 bp −$8	16.3 bp −$163	65.7 bp −$6,575	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.11	−0.067%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.14	−0.057%	$49K	$698K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.60	+0.089%	$68.5M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	313.60	+0.089%	$26.1M	$128.8M	50x
Bulk TAO-USD	+0.0100%	1h	315.14	+0.581%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	−0.038%	$14.9M	$49.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.45	+0.041%	$17.4M	$32.3M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	313.32	long leg	$35.2M	$57.1M	50x
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	−0.261%	$535K	$833K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.73	−0.188%	$45K	$255K	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.20	−0.038%	$86K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.25	−0.022%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.06	−0.083%	$115K	$588K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.29	−0.010%	$3.1M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	312.92	−0.128%	$2K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	313.32	0.000%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0128%	4h	313.56	+0.077%	$105.4M	$152.5M	300x	as long as short
Binance TAOUSDT	+0.0131%	4h	313.57	+0.078%	$91.3M	$525.4M	75x	as long as short
edgeX TAOUSDC	+0.0140%	4h	312.92	−0.129%	$41K	$322K	10x	as long as short
dYdX TAO-USD	+0.0193%	1h	312.95	−0.119%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0217%	4h	313.73	+0.131%	$53K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	313.30	−0.005%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0245%	1h	313.60	+0.089%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0296%	4h	313.41	+0.030%	$1.2M	$11.2M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	313.09	−0.074%	$887K	$2.3M	25x	as long as short
Pacifica TAO	+0.0349%	1h	313.22	−0.031%	$361K	$445K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	312.75	−0.182%	$367K	—	100x	as long as short
BloFin TAO-USDT	+0.0368%	4h	313.54	+0.070%	$4.8M	$10.7M	100x	as long as short
BingX TAO-USDT	+0.0386%	4h	313.47	+0.048%	—	$38.4M	—	as long as short
Arcus TAO-USD	+0.0404%	1h	313.43	+0.035%	$99K	$362K	5x	as long as short
Hyperliquid TAO	+0.0477%	1h	313.43	+0.035%	$91.9M	$109.3M	5x	as long as short
Nado TAO-PERP	+0.0492%	1h	313.28	−0.014%	$759K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0567%	1h	313.40	+0.025%	$11K	$1.9M	25x	as long as short
Phoenix TAO	+0.0578%	1h	313.60	+0.089%	$315K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	313.30	−0.006%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0593%	4h	312.65	−0.213%	$5.5M	$10.1M	—	as long as short
Lighter TAO	+0.0624%	1h	313.42	+0.031%	$1.6M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0666%	1h	313.66	+0.109%	$309K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	313.49	+0.053%	$361	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0794%	1h	313.52	+0.065%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	313.04	−0.091%	$441K	$689K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	313.75	+0.137%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+1.567%	$23K	$2K	12x	as long as short