data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

TAO

all TAO markets
SwapFunding view
Alert
My alerts

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−$44
spread now−0.042%7d average−0.031%fees + slippage, in and out−$43spread needed0.430%
Long on HyperliquidShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TAO283.880.0242pay 0.0030% / 1h43m 22s$74.9M$47.1M5x
ShortKraken Futures PF_TAOUSD283.760.0451get 0.0056% / 1h43m 22s$5.4M$13.1M50x

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
−$4.23
Funding while held
$6.28
Slippage, 4 orders
−$23.97
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$40.92
Spread needed to break even
0.430%
Slippage from Hyperliquid: live order book, 12 min ago; Kraken Futures: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0209%
Per $10,000 a day
+$6.28
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, 12 min ago0.70 bp7.6 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago4.23 bp13.4 bp −$1325.8 bp −$258287.2 bp −$28.7Kdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni283.26cheapestHTX283.31+0.018%edgeX283.37+0.038%Gate283.40+0.049%Bitget283.40+0.049%Reya283.49+0.080%KuCoin283.51+0.088%ApeX Omni283.51+0.088%SunX283.51+0.088%dYdX283.54+0.099%Katana Perps283.54+0.099%Extended283.54+0.099%Aster283.54+0.100%GMX283.54+0.101%Binance283.57+0.109%Bulk283.57+0.111%MEXC283.58+0.113%gTrade (Gains Network)283.59+0.115%RISEx283.60+0.118%Paradex283.60+0.119%Popdex283.61+0.124%BingX283.62+0.127%Polymarket Perps283.64+0.134%Phemex283.64+0.134%Orderly283.65+0.138%Nado283.66+0.142%BloFin283.68+0.148%Bullet283.70+0.155%OKX283.70+0.155%Deribit283.73+0.164%Aevo283.73+0.167%
Kraken Futures283.76+0.177%
Arcus283.78+0.184%Pacifica283.79+0.187%Bybit283.85+0.208%
Hyperliquid283.88+0.219%
Lighter283.98+0.254%Backpack283.99+0.258%Phoenix284.10+0.297%Coinbase International284.57+0.462%Injective286.37+1.098%

TAO on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni TAO−0.218%+0.0100%4h$3.3M$4.4M—as long as short
HTX TAO-USDT−0.201%+0.0100%4h$115K$308K20xas long as short
edgeX TAOUSDC−0.181%+0.0100%4h$32K$286K10xas long as short
Gate TAO_USDT−0.169%+0.0098%4h$11.2M$44.3M50xas long as short
Bitget TAOUSDT−0.169%+0.0100%4h$32.1M$34.2M50xas long as short
Reya TAORUSDPERP−0.139%+0.0691%1h$326—20xas long as short
KuCoin TAOUSDTM−0.130%+0.0100%4h$17.1M$17.8M75xas long as short
ApeX Omni TAOUSDT−0.130%+0.0100%1h$43K$266K50xas long as short
SunX TAO-USDT−0.130%+0.0100%4h$1K$1.5M20xas long as short
dYdX TAO-USD−0.120%+0.0158%1h$72K$55K5xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Katana Perps TAO-USD−0.120%+0.0100%8h$1K$260K5xas long as short
Extended TAO-USD−0.119%+0.0104%1h$787K$1.2M25xas long as short
Aster TAOUSDT−0.119%+0.0107%4h$1.8M$4.7M50xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.118%L +0.0470% / S −0.0186%1h$431K—100xas long as short
Binance TAOUSDT−0.109%+0.0100%4h$79.5M$307.1M75xas long as short
Bulk TAO-USD−0.108%+0.0208%1h$148K$010xas long as short
MEXC TAO_USDT−0.106%+0.0100%4h$112.5M$94.1M300xas long as short
gTrade (Gains Network) TAO/USD−0.103%L +0.0004% / S −0.0011%1h$17K—150xas long as short
RISEx TAO/USDC−0.100%+0.0556%1h$319K$396K5xas long as short
Paradex TAO-USD-PERP−0.100%+0.0104%8h$13K$37610xas long as short
Popdex TAOUSDT−0.095%+0.0096%1h$40K$443K20xas long as short
BingX TAO-USDT−0.092%+0.0100%4h—$28.1M—as long as short
Polymarket Perps TAO-USD−0.085%+0.0100%1h$72K$1.1M5xas long as short
Phemex TAOUSDT−0.085%+0.0100%4h$3.0M$7.7M50xas long as short
Orderly PERP_TAO_USDC−0.081%+0.0100%4h$51K$146K10xas long as short
Nado TAO-PERP−0.077%+0.0296%1h$1.1M$1.1M10xas long as short
BloFin TAO-USDT−0.070%+0.0340%4h$4.1M$6.9M100xas long as short
Bullet TAO-USD−0.063%+0.0100%1h$10K$18K20xas long as short
OKX TAO-USDT-SWAP−0.063%+0.0100%8h$23.0M$64.2M50xas long as short
Deribit TAO_USDC-PERPETUAL−0.055%+0.0044%1h$25K$867K25xas long as short
Aevo TAO-PERP−0.052%+0.0104%1h$156K$9983xas long as short
Kraken Futures PF_TAOUSDshort−0.042%+0.0451%1h$5.4M$13.1M50x
Arcus TAO-USD−0.035%+0.0100%1h$123K$568K5xas long as short
Pacifica TAO−0.032%+0.0100%1h$330K$386K10xas long as short
Bybit TAOUSDT−0.011%+0.0100%4h$51.4M$80.5M50xas long as short
Hyperliquid TAOlong0.000%+0.0242%1h$74.9M$47.1M5x
Lighter TAO+0.035%+0.0304%1h$1.3M$1.8M5xas long as short
Backpack TAO_USDC_PERP+0.039%+0.0100%1h$283K$274K10xas long as short
Phoenix TAO+0.077%+0.0363%1h$301K$148K5xas long as short
Coinbase International TAO-PERP-INTX+0.243%+0.1000%1h$1.4M$4.2M50xas long as short
Injective TAO/USDC PERP+0.877%+0.1765%1h$21K$125K12xas long as short