Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0189%/8h= +20.7% APRpaid last 24h +0.004%

Price spread now: Bullet against edgeX+0.043%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Bullet

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bullet is 0.043% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	322.77	0.0198	pay 0.0099% / 4h	1h 20m	$43K	$317K	10x
Short	Bullet TAO-USD	322.91	0.0386	get 0.0048% / 1h	20m 44s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against edgeX. 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 edgeXbpFee BulletbpOrdersPrice spread, now +0.043%Rate

Funding earned: $39.64
Price spread: +0.043% → 0.000%: $4.33
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: $26.97
Costs to cover: 0.170%
Break-even: 2.2 days

Slippage unknown: edgeX: live order book, 22 min ago; Bullet: no order-book sample. 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 edgeX live order book, 22 min ago	4.70 bp	9.2 bp −$9	21.8 bp −$218	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

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
Bulk TAO-USD	−0.2264%	1h	322.24	−0.164%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.36	−0.127%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	−0.076%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.71	−0.019%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.40	−0.115%	$26.9M	$130.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.00	−0.239%	$14.5M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.05	−0.223%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.13	−0.199%	$36.2M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.85	+0.025%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.61	−0.050%	$86K	$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	322.53	−0.075%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.95	−0.254%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.66	−0.034%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0116% / S +0.0151%	1h	322.05	−0.223%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	322.95	+0.055%	$54K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0136%	1h	322.93	+0.049%	$177K	$998	3x	as long as short
edgeX TAOUSDClong	+0.0198%	4h	322.77	long leg	$43K	$317K	10x
Binance TAOUSDT	+0.0208%	4h	322.33	−0.137%	$93.6M	$528.0M	75x	as long as short
MEXC TAO_USDT	+0.0208%	4h	322.37	−0.124%	$107.7M	$151.0M	300x	as long as short
Phemex TAOUSDT	+0.0279%	4h	322.71	−0.019%	$3.3M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0286%	8h	322.67	−0.030%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0330%	4h	322.55	−0.068%	$70.9M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0346%	4h	322.27	−0.155%	—	$34.6M	—	as long as short
Aster TAOUSDT	+0.0373%	4h	322.50	−0.082%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USDshort	+0.0386%	1h	322.91	+0.043%	$12K	$17K	20x
GRVT TAO_USDT_Perp	+0.0436%	4h	322.51	−0.082%	$547K	$937K	10x	as long as short
BloFin TAO-USDT	+0.0448%	4h	323.00	+0.071%	$4.7M	$11.2M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	322.26	−0.157%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0510%	1h	322.68	−0.027%	$802K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.65	−0.037%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	+0.030%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.456%	$320K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	322.93	+0.049%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0666%	1h	322.65	−0.037%	$95.4M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	322.82	+0.015%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0690%	1h	322.83	+0.019%	$26K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	322.53	−0.076%	$371	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0742%	1h	322.47	−0.093%	$300K	$905K	10x	as long as short
Lighter TAO	+0.0784%	1h	322.57	−0.062%	$1.6M	$6.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	323.67	+0.279%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	323.05	+0.087%	$462K	$667K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.63	−0.044%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.207%	$24K	$2K	12x	as long as short