Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.3284%/8h= −359.6% APRpaid last 24h −0.599%

Price spread now: MEXC against Injective−0.582%7-day average — · you buy dearer than you sell

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−3.392%−$339 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$99 a day on $10k at the current rate, and MEXC is 0.582% cheaper against Injective than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective TAO/USDC PERP	316.14	0.3384	pay 0.0423% / 1h	31m 14s	$23K	$137	12x
Short	MEXC TAO_USDT	314.30	0.0100	get 0.0050% / 4h	3h 31m	$106.8M	$115.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now −0.582%Rate

Funding earned: −$689.72
Price spread: −0.582% → 0.000%: −$58.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$747.94
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.16 bp	2.6 bp −$3	7.3 bp −$73	28.0 bp −$2,797	124.2 bp −$62.1K

Injective: 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	−1.0220%	1h	313.13	−0.951%	$209K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.78	−0.747%	$132K	$95K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0002%	1h	314.13	−0.635%	$17K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	313.93	−0.698%	$28K	—	150x	as long as short
Phemex TAOUSDT	+0.0038%	4h	314.01	−0.674%	$3.3M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.26	−0.595%	$37K	$507K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.14	−0.634%	$365K	$396K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.23	−0.605%	$89.0M	$381.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.84	−0.411%	$60.4M	$112.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	−0.487%	$25.8M	$89.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	314.49	−0.522%	$142K	$585K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.50	−0.519%	$12.5M	$47.3M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	314.30	−0.582%	$106.8M	$115.4M	300x
KuCoin TAOUSDTM	+0.0100%	4h	314.26	−0.595%	$20.2M	$25.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.46	−0.531%	$35.4M	$42.1M	50x	as long as short
Variational Omni TAO	+0.0100%	4h	313.60	−0.804%	$3.5M	$6.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.87	−0.719%	$41K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.87	−0.401%	$561K	$947K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.08	−0.652%	$48K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.47	−0.528%	$90K	$638K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.10	−0.645%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.05	−0.661%	$61K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.81	−0.737%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.07	−0.655%	$125K	$354K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.72	−0.450%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	314.33	−0.573%	$898	$378K	5x	as long as short
BingX TAO-USDT	+0.0130%	4h	314.46	−0.531%	—	$29.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0195%	8h	314.32	−0.576%	$15K	$992	10x	as long as short
Aster TAOUSDT	+0.0213%	4h	314.09	−0.649%	$1.7M	$7.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.01	−0.674%	$4.3M	$9.4M	100x	as long as short
Phoenix TAO	+0.0365%	1h	314.80	−0.424%	$334K	$326K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0392%	1h	314.42	−0.543%	$6.3M	$17.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0491% / S −0.0188%	1h	313.90	−0.707%	$465K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0578%	1h	314.87	−0.402%	$403K	$555K	10x	as long as short
Extended TAO-USD	+0.0584%	1h	314.05	−0.660%	$937K	$1.8M	25x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	314.82	−0.418%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0683%	1h	314.36	−0.564%	$1.1M	$1.5M	10x	as long as short
RISEx TAO/USDC	+0.0688%	1h	314.52	−0.511%	$412K	$526K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	314.17	−0.622%	$361	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0936%	1h	314.96	−0.373%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.2016%	1h	315.09	−0.333%	$2.1M	$3.7M	5x	as long as short
Hyperliquid TAO	+0.2503%	1h	315.57	−0.180%	$96.0M	$67.0M	5x	as long as short
Injective TAO/USDC PERPlong	+0.3384%	1h	316.14	long leg	$23K	$137	12x