Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.074%

Price spread now: MEXC against Extended−0.032%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.032%, 7d avg +0.034%

Together, before fees−0.113%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.065% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended TAO-USD	321.10	0.0408	pay 0.0051% / 1h	15m 01s	$913K	$2.4M	25x
Short	MEXC TAO_USDT	321.00	0.0196	get 0.0098% / 4h	1h 15m	$107.2M	$151.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$44.52
Price spread: −0.032% → +0.034%: −$6.53
Slippage, 4 orders: −$13.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$69.47
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; MEXC: live order book, 4 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 Extended live order book, 4 min ago	2.64 bp	5.4 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.78 bp	2.7 bp −$3	7.9 bp −$79	27.5 bp −$2,750	119.2 bp −$59.6K

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	+0.355%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.84	−0.083%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.81	−0.092%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.17	+0.021%	$44K	$704K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.80	−0.094%	$26.9M	$130.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.90	−0.063%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.07	−0.010%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.72	−0.119%	$36.0M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.89	−0.066%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.14	+0.012%	$85K	$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	320.87	−0.072%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.85	−0.078%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	321.11	+0.003%	$729	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0115% / S +0.0154%	1h	320.71	−0.121%	$423K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	321.05	−0.016%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0128%	4h	320.96	−0.044%	$53K	$293K	10x	as long as short
MEXC TAO_USDTshort	+0.0196%	4h	321.00	−0.032%	$107.2M	$151.1M	300x
Binance TAOUSDT	+0.0197%	4h	320.92	−0.057%	$93.2M	$528.0M	75x	as long as short
edgeX TAOUSDC	+0.0206%	4h	320.99	−0.036%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0268%	8h	321.38	+0.088%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0297%	4h	320.99	−0.035%	$70.5M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0316%	4h	321.09	−0.004%	—	$35.0M	—	as long as short
Phemex TAOUSDT	+0.0331%	4h	321.00	−0.032%	$3.3M	$8.1M	50x	as long as short
Bullet TAO-USD	+0.0344%	1h	321.07	−0.011%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0363%	4h	320.98	−0.037%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USDlong	+0.0408%	1h	321.10	long leg	$913K	$2.4M	25x
GRVT TAO_USDT_Perp	+0.0418%	4h	321.37	+0.082%	$545K	$937K	10x	as long as short
BloFin TAO-USDT	+0.0437%	4h	321.30	+0.062%	$4.7M	$11.1M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0475%	1h	321.11	+0.003%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0515%	1h	321.28	+0.056%	$799K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0519%	4h	320.56	−0.169%	$5.7M	$10.2M	—	as long as short
Pacifica TAO	+0.0525%	1h	321.39	+0.091%	$366K	$428K	10x	as long as short
Phoenix TAO	+0.0567%	1h	322.20	+0.342%	$321K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.31	+0.065%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0645%	1h	321.22	+0.037%	$95.0M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	321.26	+0.049%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.05	−0.015%	$369	—	20x	as long as short
Lighter TAO	+0.0704%	1h	321.30	+0.063%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0714%	1h	321.19	+0.027%	$299K	$905K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.77	+0.208%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.92	−0.057%	$444K	$674K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1149%	1h	321.21	+0.033%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.507%	$24K	$2K	12x	as long as short