data as of
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Price arb /

TAO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.079%7d average+0.094%fees + slippage, in and out−$29spread needed0.291%
Long on ExtendedShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD286.570.0104pay 0.0013% / 1h55m 23s$758K$1.3M25x
ShortHyperliquid TAO286.800.0755get 0.0094% / 1h55m 23s$79.4M$53.4M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.92
Funding while held
$19.53
Slippage, 4 orders
−$15.09
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1.64
Spread needed to break even
0.291%
Slippage from Extended: live order book, 4 min ago; Hyperliquid: live order book, 10 min ago.

Cost of waiting

funding view
Funding /8h
+0.0651%
Per $10,000 a day
+$19.53
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago2.27 bp5.6 bp −$67.6 bp −$76doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago0.17 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
SunX285.40cheapestBulk285.42+0.007%HTX285.42+0.007%Phemex285.45+0.018%Nado285.50+0.034%ApeX Omni285.55+0.053%Deribit285.56+0.055%Variational Omni285.58+0.063%Aevo285.58+0.063%Kraken Futures285.60+0.072%edgeX285.62+0.079%BloFin285.70+0.105%Backpack285.88+0.168%Phoenix285.90+0.175%Bitget286.15+0.263%OKX286.30+0.315%MEXC286.32+0.322%Reya286.32+0.323%Paradex286.37+0.341%KuCoin286.39+0.347%Polymarket Perps286.40+0.350%Bullet286.45+0.367%BingX286.48+0.378%Gate286.50+0.385%dYdX286.50+0.386%Pacifica286.52+0.394%Binance286.53+0.395%
Extended286.57+0.410%
Popdex286.58+0.413%Aster286.60+0.420%Orderly286.63+0.431%GMX286.64+0.434%Coinbase International286.64+0.434%gTrade (Gains Network)286.68+0.447%Lighter286.74+0.468%Bybit286.75+0.473%Arcus286.75+0.473%RISEx286.76+0.477%
Hyperliquid286.80+0.489%
01 Exchange286.86+0.512%Katana Perps286.88+0.519%Injective289.33+1.377%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX TAO-USDT−0.408%+0.0100%4h$2K$1.6M20xas long as short
Bulk TAO-USD−0.401%−0.1108%1h$184K$38K10xas long as short
HTX TAO-USDT−0.401%+0.0100%4h$117K$300K20xas long as short
Phemex TAOUSDT−0.390%+0.0100%4h$3.0M$7.5M50xas long as short
Nado TAO-PERP−0.374%+0.0109%1h$1.0M$1.2M10xas long as short
ApeX Omni TAOUSDT−0.356%+0.0100%1h$43K$266K50xas long as short
Deribit TAO_USDC-PERPETUAL−0.353%+0.0038%1h$34K$944K25xas long as short
Variational Omni TAO−0.345%+0.0100%4h$2.8M$5.0M—as long as short
Aevo TAO-PERP−0.345%+0.0104%1h$157K$9983xas long as short
Kraken Futures PF_TAOUSD−0.336%−0.0163%1h$5.2M$13.1M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX TAOUSDC−0.329%+0.0100%4h$37K$270K10xas long as short
BloFin TAO-USDT−0.303%+0.0340%4h$3.9M$6.9M100xas long as short
Backpack TAO_USDC_PERP−0.240%+0.0473%1h$400K$499K10xas long as short
Phoenix TAO−0.233%+0.0336%1h$305K$158K5xas long as short
Bitget TAOUSDT−0.146%+0.0100%4h$32.2M$35.9M50xas long as short
OKX TAO-USDT-SWAP−0.094%+0.0100%8h$23.1M$68.4M50xas long as short
MEXC TAO_USDT−0.087%+0.0100%4h$104.7M$100.9M300xas long as short
Reya TAORUSDPERP−0.086%+0.0693%1h$329—20xas long as short
Paradex TAO-USD-PERP−0.068%+0.0101%8h$13K$37610xas long as short
KuCoin TAOUSDTM−0.062%+0.0100%4h$17.0M$19.5M75xas long as short
Polymarket Perps TAO-USD−0.059%+0.0100%1h$82K$536K5xas long as short
Bullet TAO-USD−0.043%+0.0100%1h$11K$18K20xas long as short
BingX TAO-USDT−0.031%+0.0100%4h—$29.0M—as long as short
Gate TAO_USDT−0.024%+0.0100%4h$11.4M$43.5M50xas long as short
dYdX TAO-USD−0.023%0.0000%1h$73K$35K5xas long as short
Pacifica TAO−0.016%+0.0100%1h$332K$370K10xas long as short
Binance TAOUSDT−0.014%+0.0100%4h$76.9M$323.4M75xas long as short
Extended TAO-USDlong0.000%+0.0104%1h$758K$1.3M25x
Popdex TAOUSDT+0.004%+0.0096%1h$43K$454K20xas long as short
Aster TAOUSDT+0.011%+0.0100%4h$1.6M$4.7M50xas long as short
Orderly PERP_TAO_USDC+0.021%+0.0100%4h$56K$195K10xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.025%L +0.0480% / S −0.0199%1h$436K—100xas long as short
Coinbase International TAO-PERP-INTX+0.025%+0.0872%1h$1.4M$3.7M50xas long as short
gTrade (Gains Network) TAO/USD+0.038%L +0.0004% / S −0.0011%1h$37K—150xas long as short
Lighter TAO+0.058%+0.0096%1h$1.3M$2.2M5xas long as short
Bybit TAOUSDT+0.063%+0.0100%4h$49.7M$84.4M50xas long as short
Arcus TAO-USD+0.063%+0.0100%1h$125K$579K5xas long as short
RISEx TAO/USDC+0.067%+0.0478%1h$320K$443K5xas long as short
Hyperliquid TAOshort+0.079%+0.0755%1h$79.4M$53.4M5x
01 Exchange TAOUSD+0.102%+0.0320%1h$3K$4K5xas long as short
Katana Perps TAO-USD+0.109%+0.0100%8h$1K$309K5xas long as short
Injective TAO/USDC PERP+0.964%+0.2947%1h$21K$39K12xas long as short