Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Bybit−0.090%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days+0.123%+$12 · spread now −0.090%, 7d avg −0.025%

Together, before fees+0.126%+$13 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: Bitget is 0.065% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	311.88	0.0100	pay 0.0050% / 4h	3h 28m	$67.1M	$150.2M	50x
Short	Bitget TAOUSDT	311.60	0.0100	get 0.0050% / 4h	3h 28m	$34.9M	$56.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → −0.025%: −$6.47
Slippage, 4 orders: −$18.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.95
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	0.16 bp	10.0 bp −$10	16.8 bp −$168	43.0 bp −$4,301	doesn't fit
Sell Bitget live order book, 1 min ago	0.80 bp	12.7 bp −$13	23.1 bp −$231	35.8 bp −$3,578	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.73	−0.047%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.51	−0.118%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	311.68	−0.064%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.05	+0.055%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.88	0.000%	$1K	$836K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.13	+0.079%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.83	−0.016%	$89.3M	$499.7M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	311.88	long leg	$67.1M	$150.2M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.006%	$26.0M	$120.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.60	−0.090%	$13.2M	$50.0M	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	311.91	+0.010%	$102.2M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.99	+0.035%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	311.60	−0.090%	$34.9M	$56.4M	50x
BingX TAO-USDT	+0.0100%	4h	311.82	−0.019%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.34	+0.148%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	+0.048%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.78	−0.032%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.89	+0.002%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.59	−0.093%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.84	−0.013%	$109K	$539K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.85	−0.011%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.40	+0.168%	$531K	$956K	10x	as long as short
Aster TAOUSDT	+0.0115%	4h	311.97	+0.030%	$1.3M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	311.78	−0.032%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	311.56	−0.104%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	311.94	+0.019%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.36	+0.154%	$101K	$397K	5x	as long as short
Phemex TAOUSDT	+0.0242%	4h	311.52	−0.115%	$3.2M	$8.0M	50x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.170%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0288%	1h	311.75	−0.041%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.276%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.95	+0.022%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0349%	1h	312.04	+0.052%	$791K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0371%	1h	311.80	−0.026%	$17K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0451%	1h	312.14	+0.083%	$91.8M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.231%	$311K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.27	+0.125%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0489%	1h	312.13	+0.080%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0568%	1h	311.82	−0.019%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.88	0.000%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.12	+0.075%	$444K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.46	+0.186%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.850%	$23K	$2K	12x	as long as short