Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit−0.025%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.025%, 7d avg −0.009%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	307.45	0.0100	pay 0.0050% / 4h	1h 07m	$59.6M	$121.5M	50x
Short	Binance TAOUSDT	307.37	0.0100	get 0.0050% / 4h	1h 07m	$86.1M	$414.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.009%: −$1.56
Slippage, 4 orders: −$10.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.26
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; Binance: live order book, 7 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 Bybit live order book, 7 min ago	0.16 bp	10.1 bp −$10	18.5 bp −$185	45.5 bp −$4,551	doesn't fit
Sell Binance live order book, 7 min ago	0.16 bp	5.7 bp −$6	13.2 bp −$132	32.8 bp −$3,279	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	−0.0396%	1h	305.88	−0.512%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.84	−0.199%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	306.74	−0.230%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.10	−0.114%	$45K	$540K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	307.37	−0.025%	$86.1M	$414.6M	75x
Bybit TAOUSDTlong	+0.0100%	4h	307.45	long leg	$59.6M	$121.5M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	307.30	−0.049%	$24.7M	$96.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.36	−0.029%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.00	−0.146%	$12.2M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.21	−0.078%	$114.8M	$126.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.37	−0.026%	$18.6M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.89	−0.182%	$34.2M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.09	−0.117%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.62	−0.271%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	−0.076%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.60	−0.276%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.20	−0.081%	$75K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.11	−0.111%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.95	−0.163%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.95	−0.163%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.12	−0.107%	$122K	$369K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.22	−0.075%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.21	−0.077%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	307.03	−0.137%	$2K	$511K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.249%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0131%	4h	307.23	−0.070%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	307.04	−0.133%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	307.16	−0.094%	$363K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.80	−0.211%	$438K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	307.05	−0.131%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0315%	1h	306.98	−0.152%	$829K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.22	−0.075%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0368%	1h	307.44	−0.003%	$1.7M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	307.33	−0.039%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0458%	1h	307.41	−0.013%	$295K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.114%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	307.06	−0.128%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	306.97	−0.156%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.76	+0.101%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	307.10	−0.115%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1145%	1h	307.61	+0.052%	$93.8M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	307.24	−0.068%	$418K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.416%	$22K	$264	12x	as long as short