Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: Binance against Bullet−0.008%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	312.32	0.0100	pay 0.0013% / 1h	19m 53s	$11K	$18K	20x
Short	Binance TAOUSDT	312.29	0.0100	get 0.0050% / 4h	3h 19m	$89.4M	$500.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bullet. 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 BulletbpFee BinancebpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → 0.000%: −$0.81
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

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 Bullet no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.16 bp	7.5 bp −$7	14.0 bp −$140	32.6 bp −$3,263	doesn't fit

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.22	−0.032%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.02	−0.095%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	311.34	−0.313%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.08	−0.077%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.90	−0.134%	$1K	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.74	−0.187%	$355K	$414K	10x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	312.29	−0.008%	$89.4M	$500.9M	75x
Bybit TAOUSDT	+0.0100%	4h	312.47	+0.048%	$67.3M	$150.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.40	+0.026%	$26.0M	$120.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.00	−0.102%	$13.3M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.16	−0.051%	$102.5M	$145.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.07	−0.080%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.80	−0.166%	$35.0M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.31	−0.003%	—	$33.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	310.82	−0.479%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.520%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.73	−0.509%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.93	−0.125%	$79K	$901K	5x	as long as short
Bullet TAO-USDlong	+0.0100%	1h	312.32	long leg	$11K	$18K	20x
SunX TAO-USDT	+0.0100%	4h	311.68	−0.205%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.70	−0.199%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.08	−0.077%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.33	+0.002%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0104%	4h	312.17	−0.047%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.30	−0.006%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	312.07	−0.080%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	312.03	−0.093%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.29	−0.010%	$101K	$394K	5x	as long as short
Extended TAO-USD	+0.0304%	1h	312.07	−0.081%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.112%	$5.5M	$10.1M	—	as long as short
Nado TAO-PERP	+0.0336%	1h	312.08	−0.076%	$786K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.79	−0.170%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	−0.391%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	312.13	−0.061%	$91.7M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.19	−0.042%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0495%	1h	312.17	−0.048%	$310K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	312.44	+0.037%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0627%	1h	312.37	+0.014%	$14K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.08	−0.077%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.08	−0.075%	$442K	$653K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.448%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	−0.077%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+0.935%	$23K	$2K	12x	as long as short