Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0238%/8h= +26.0% APRpaid last 24h +0.071%
Price spread now: BloFin against Katana Perps−0.275%7-day average −0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.114%+$11 on $10k
Price spread, last 3 days (all we have)+0.382%+$38 · spread now −0.275%, 7d avg −0.004%
Together, before fees+0.497%+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.271% cheaper against Katana Perps than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of −0.004%). If the spread goes back, that is −$27 on $10k: about 3.8 days of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.114% in total) that is about 8.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps TAO-USD319.880.0102pay 0.0102% / 8h7h 47m$658$598K5x
ShortBloFin TAO-USDT319.000.0340get 0.0170% / 4h3h 47m$4.4M$10.9M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Katana Perps. 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

Funding earned
$49.96
Price spread: −0.275% → −0.004%
−$27.1
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$7.05
Costs to cover
0.158%
Break-even
6.0 days
Slippage unknown: Katana Perps: no order-book sample; BloFin: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Katana Perps no order-book sample
Sell BloFin live order book, 7 min ago1.41 bp8.8 bp −$915.6 bp −$15635.4 bp −$3,543doesn't fit
Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0882%1h320.07+0.059%$170K$44K10xas long as short
dYdX TAO-USD0.0000%1h318.87−0.316%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.14−0.544%$21K150xas long as short
Phemex TAOUSDT+0.0092%4h318.66−0.381%$3.5M$8.0M50xas long as short
Popdex TAOUSDT+0.0096%1h319.59−0.091%$42K$581K20xas long as short
Binance TAOUSDT+0.0100%4h319.07−0.253%$92.2M$441.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.20−0.213%$26.0M$107.1M50xas long as short
Gate TAO_USDT+0.0100%4h319.00−0.275%$12.9M$49.8M50xas long as short
MEXC TAO_USDT+0.0100%4h319.09−0.247%$106.3M$132.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.11−0.241%$18.9M$28.4M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h318.93−0.297%$35.6M$49.2M50xas long as short
edgeX TAOUSDC+0.0100%4h320.20+0.099%$37K$289K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.59−0.091%$48K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.70−0.369%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.20−0.525%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.99−0.278%$127K$422K20xas long as short
Katana Perps TAO-USDlong+0.0102%8h319.88long leg$658$598K5x
Aevo TAO-PERP+0.0104%1h318.84−0.324%$175K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h318.15−0.540%$462K100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0177%1h318.41−0.460%$21K$1.5M25xas long as short
Pacifica TAO+0.0185%1h319.10−0.244%$378K$373K10xas long as short
Arcus TAO-USD+0.0201%1h319.58−0.094%$84K$545K5xas long as short
Aster TAOUSDT+0.0231%4h318.78−0.343%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0231%8h318.99−0.280%$14K$1K10xas long as short
GRVT TAO_USDT_Perp+0.0264%4h320.78+0.282%$532K$946K10xas long as short
Bullet TAO-USD+0.0265%1h318.58−0.407%$12K$17K20xas long as short
Variational Omni TAO+0.0305%4h320.13+0.077%$5.5M$8.6Mas long as short
BloFin TAO-USDTshort+0.0340%4h319.00−0.275%$4.4M$10.9M100x
Polymarket Perps TAO-USD+0.0372%1h319.27−0.191%$99K$634K5xas long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.60−0.401%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h319.50−0.119%$334K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h319.09−0.247%$23K$64912xas long as short
BingX TAO-USDT+0.0622%4h319.17−0.222%$30.8Mas long as short
Bybit TAOUSDT+0.0633%4h319.43−0.141%$65.9M$130.6M50xas long as short
Reya TAORUSDPERP+0.0695%1h319.04−0.263%$36720xas long as short
Nado TAO-PERP+0.0784%1h319.30−0.181%$888K$2.0M10xas long as short
01 Exchange TAOUSD+0.0816%1h319.96+0.025%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0980%1h319.21−0.209%$319K$821K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.26−0.194%$1.5M$6.1M50xas long as short
Extended TAO-USD+0.1096%1h318.42−0.455%$929K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.79−0.028%$423K$590K5xas long as short
Lighter TAO+0.1688%1h319.53−0.108%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2832%1h319.93+0.016%$104.1M$89.3M5xas long as short