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−$41
spread now−0.099%7d average−0.048%fees + slippage, in and out−$36spread needed0.363%
Long on HyperliquidShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TAO283.070.0274pay 0.0034% / 1h51m 48s$74.8M$46.9M5x
ShortBybit TAOUSDT282.790.0100get 0.0050% / 4h1h 51m$51.2M$80.5M50x

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
−$9.89
Funding while held
−$5.21
Slippage, 4 orders
−$16.34
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$51.44
Spread needed to break even
0.363%
Slippage from Hyperliquid: live order book, 3 min ago; Bybit: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0174%
Per $10,000 a day
−$5.21
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 Hyperliquid live order book, 3 min ago0.70 bp7.6 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago0.18 bp8.3 bp −$815.7 bp −$15745.3 bp −$4,529doesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
BloFin281.52cheapestCoinbase International281.87+0.124%HTX282.22+0.249%Paradex282.33+0.287%Katana Perps282.34+0.291%Popdex282.37+0.302%Bullet282.40+0.313%Reya282.40+0.314%Aster282.44+0.328%GMX282.45+0.330%KuCoin282.46+0.334%Extended282.48+0.340%RISEx282.48+0.341%gTrade (Gains Network)282.48+0.342%Polymarket Perps282.53+0.359%Aevo282.54+0.363%SunX282.55+0.366%Backpack282.56+0.369%Bitget282.59+0.380%Gate282.60+0.384%Nado282.60+0.384%Orderly282.66+0.405%Pacifica282.67+0.407%Binance282.71+0.422%BingX282.72+0.426%MEXC282.77+0.444%Arcus282.78+0.448%Deribit282.79+0.450%
Bybit282.79+0.451%
dYdX282.80+0.455%OKX282.80+0.455%Phemex282.81+0.458%Kraken Futures282.85+0.474%
Hyperliquid283.07+0.551%
Lighter283.09+0.559%edgeX284.58+1.086%ApeX Omni284.62+1.101%Variational Omni285.82+1.529%Phoenix286.10+1.627%Bulk286.59+1.801%Injective287.17+2.007%

TAO on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin TAO-USDT−0.548%+0.0340%4h$4.0M$6.8M100xas long as short
Coinbase International TAO-PERP-INTX−0.424%+0.1000%1h$1.4M$4.1M50xas long as short
HTX TAO-USDT−0.300%+0.0100%4h$115K$307K20xas long as short
Paradex TAO-USD-PERP−0.262%+0.0104%8h$13K$37610xas long as short
Katana Perps TAO-USD−0.258%+0.0100%8h$2K$260K5xas long as short
Popdex TAOUSDT−0.247%+0.0096%1h$39K$443K20xas long as short
Bullet TAO-USD−0.236%+0.0100%1h$10K$18K20xas long as short
Reya TAORUSDPERP−0.235%+0.0691%1h$325—20xas long as short
Aster TAOUSDT−0.221%+0.0165%4h$1.8M$4.6M50xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.219%L +0.0469% / S −0.0187%1h$429K—100xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin TAOUSDTM−0.215%+0.0100%4h$17.1M$17.8M75xas long as short
Extended TAO-USD−0.210%+0.0104%1h$783K$1.2M25xas long as short
RISEx TAO/USDC−0.208%+0.0556%1h$318K$396K5xas long as short
gTrade (Gains Network) TAO/USD−0.207%L +0.0004% / S −0.0011%1h$17K—150xas long as short
Polymarket Perps TAO-USD−0.191%+0.0100%1h$72K$1.1M5xas long as short
Aevo TAO-PERP−0.186%+0.0104%1h$155K$9983xas long as short
SunX TAO-USDT−0.184%+0.0100%4h$1K$1.5M20xas long as short
Backpack TAO_USDC_PERP−0.180%+0.0100%1h$281K$274K10xas long as short
Bitget TAOUSDT−0.170%+0.0100%4h$32.1M$34.1M50xas long as short
Gate TAO_USDT−0.166%+0.0100%4h$11.1M$44.1M50xas long as short
Nado TAO-PERP−0.166%+0.0427%1h$1.1M$1.1M10xas long as short
Orderly PERP_TAO_USDC−0.145%+0.0100%4h$51K$146K10xas long as short
Pacifica TAO−0.143%+0.0100%1h$330K$383K10xas long as short
Binance TAOUSDT−0.128%+0.0100%4h$79.7M$307.0M75xas long as short
BingX TAO-USDT−0.124%+0.0100%4h—$27.9M—as long as short
MEXC TAO_USDT−0.106%+0.0100%4h$108.3M$92.9M300xas long as short
Arcus TAO-USD−0.102%+0.0100%1h$120K$564K5xas long as short
Deribit TAO_USDC-PERPETUAL−0.100%0.0000%1h$25K$867K25xas long as short
Bybit TAOUSDTshort−0.099%+0.0100%4h$51.2M$80.5M50x
dYdX TAO-USD−0.095%+0.0166%1h$72K$55K5xas long as short
OKX TAO-USDT-SWAP−0.095%+0.0100%8h$22.9M$64.0M50xas long as short
Phemex TAOUSDT−0.092%+0.0100%4h$3.0M$7.8M50xas long as short
Kraken Futures PF_TAOUSD−0.077%+0.0452%1h$5.4M$13.0M50xas long as short
Hyperliquid TAOlong0.000%+0.0274%1h$74.8M$46.9M5x
Lighter TAO+0.008%+0.0240%1h$1.3M$1.8M5xas long as short
edgeX TAOUSDC+0.533%+0.0100%4h$32K$284K10xas long as short
ApeX Omni TAOUSDT+0.548%+0.0100%1h$44K$266K50xas long as short
Variational Omni TAO+0.973%+0.0100%4h$3.3M$4.4M—as long as short
Phoenix TAO+1.070%+0.0363%1h$305K$148K5xas long as short
Bulk TAO-USD+1.244%+0.0100%1h$150K$010xas long as short
Injective TAO/USDC PERP+1.448%+0.1765%1h$21K$125K12xas long as short