Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −0.059%

Price spread now: Pacifica against BloFin−0.106%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.378%−$38 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.106%, 7d avg −0.012%

Together, before fees−0.374%+ Points / potential airdropPacifica: Active · farm board−$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.094% cheaper against BloFin than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.012%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.378%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	317.35	0.0418	pay 0.0209% / 4h	1h 02m	$4.7M	$11.0M	100x
Short	Pacifica TAO	317.01	0.0525	get 0.0066% / 1h	2m 09s	$360K	$429K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now −0.106%Rate

Funding earned: $22.34
Price spread: −0.106% → −0.012%: −$9.4
Slippage, 4 orders: −$21.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.96
Costs to cover: 0.419%
Break-even: 16.1 days

Slippage from BloFin: live order book, 7 min ago; Pacifica: live order book, 41 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 BloFin live order book, 7 min ago	3.14 bp	13.0 bp −$13	17.4 bp −$174	40.5 bp −$4,053	doesn't fit
Sell Pacifica live order book, 41 min ago	2.97 bp	11.1 bp −$11	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	−0.0237%	1h	320.94	+1.131%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.41	−0.296%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.52	−0.262%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.23	−0.038%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.80	−0.173%	$26.5M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.60	−0.236%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.84	−0.161%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.62	−0.230%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.23	+0.592%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.87	−0.151%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	316.74	−0.192%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.66	−0.217%	$115K	$600K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.23	−0.038%	$720	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0154%	1h	316.57	−0.245%	$423K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	316.94	−0.130%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	316.75	−0.189%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	316.98	−0.117%	$107.0M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0178%	4h	317.02	−0.103%	$92.0M	$528.9M	75x	as long as short
edgeX TAOUSDC	+0.0186%	4h	319.32	+0.621%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	317.11	−0.076%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0256%	4h	316.89	−0.145%	—	$36.7M	—	as long as short
Bybit TAOUSDT	+0.0256%	4h	317.18	−0.054%	$69.5M	$156.0M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	316.96	−0.122%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0338%	4h	317.02	−0.105%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0344%	1h	316.82	−0.167%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0356%	4h	318.52	+0.368%	$543K	$926K	10x	as long as short
BloFin TAO-USDTlong	+0.0418%	4h	317.35	long leg	$4.7M	$11.0M	100x
Deribit TAO_USDC-PERPETUAL	+0.0505%	1h	316.84	−0.162%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.737%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0515%	1h	317.07	−0.089%	$786K	$2.0M	10x	as long as short
Pacifica TAOshort	+0.0525%	1h	317.01	−0.106%	$360K	$429K	10x
Phoenix TAO	+0.0567%	1h	318.10	+0.236%	$317K	$709K	5x	as long as short
Lighter TAO	+0.0576%	1h	317.01	−0.107%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0582%	1h	317.09	−0.082%	$93.8M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.37	+0.006%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.47	+0.038%	$102K	$389K	5x	as long as short
Phemex TAOUSDT	+0.0664%	4h	317.01	−0.107%	$3.2M	$8.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0664%	1h	316.97	−0.120%	$295K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.96	−0.124%	$364	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.68	+0.104%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.22	−0.041%	$437K	$678K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1164%	1h	316.98	−0.115%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.944%	$24K	$2K	12x	as long as short