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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h −0.001%
Price spread now: edgeX against Katana Perps+0.793%55s7-day average −0.025% · you sell dearer than you buy
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)−0.145%−$14 on $10k
Price spread, last 4 days (all we have)+0.798%+$80 · spread now +0.793%, 7d avg −0.025%
Together, before fees+0.653%+ Points / potential airdropedgeX: Active · farm board+$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.818% dearer against Katana Perps than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 4 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKatana Perps TAO-USD316.560.0106pay 0.0106% / 8h1m 59s$2K$1.2M5x
ShortedgeX TAOUSDC319.070.0195get 0.0098% / 4h1m 59s$42K$320K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$18.81
Price spread: +0.793% → −0.025%
$81.78
Slippage, 4 orders
no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$87.79
Costs to cover
0.128%
Break-even
from the start
Slippage unknown: Katana Perps: no order-book sample; edgeX: live order book, 36 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 edgeX live order book, 36 min ago6.32 bp10.8 bp −$1124.0 bp −$240doesn't fitdoesn'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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h316.80+0.075%$22K150xas long as short
dYdX TAO-USD+0.0068%1h317.07+0.162%$127K$86K5xas long as short
Popdex TAOUSDT+0.0096%1h316.95+0.123%$48K$717K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.00+0.139%$26.4M$131.3M50xas long as short
Gate TAO_USDT+0.0100%4h316.90+0.107%$14.8M$52.6M50xas long as short
KuCoin TAOUSDTM+0.0100%4h317.06+0.158%$17.8M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h316.79+0.073%$35.7M$57.8M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.75+0.060%$87K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h316.63+0.022%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h316.26−0.095%$116K$590K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TAO/USD [WBTC.b-USDC]L +0.0102% / S +0.0138%1h316.94+0.119%$408K100xas long as short
Katana Perps TAO-USDlong+0.0106%8h316.56long leg$2K$1.2M5x
Aevo TAO-PERP+0.0128%1h317.22+0.210%$174K$9983xas long as short
ApeX Omni TAOUSDT+0.0138%1h318.99+0.768%$46K$259K50xas long as short
Orderly PERP_TAO_USDC+0.0183%4h316.96+0.126%$52K$295K10xas long as short
Binance TAOUSDT+0.0184%4h317.10+0.169%$92.7M$533.0M75xas long as short
MEXC TAO_USDT+0.0188%4h317.13+0.180%$103.8M$153.0M300xas long as short
edgeX TAOUSDCshort+0.0195%4h319.07+0.793%$42K$320K10x
Bulk TAO-USD+0.0217%1h317.92+0.431%$169K$010xas long as short
Paradex TAO-USD-PERP+0.0257%8h317.41+0.268%$14K$1K10xas long as short
BingX TAO-USDT+0.0278%4h317.09+0.167%$37.3Mas long as short
Bybit TAOUSDT+0.0284%4h317.23+0.212%$69.7M$157.1M50xas long as short
Bullet TAO-USD+0.0300%1h316.78+0.070%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h317.33+0.242%$372K$465K10xas long as short
GRVT TAO_USDT_Perp+0.0314%4h318.68+0.668%$542K$896K10xas long as short
Aster TAOUSDT+0.0341%4h317.16+0.190%$1.3M$11.1M50xas long as short
Extended TAO-USD+0.0376%1h317.02+0.146%$901K$2.4M25xas long as short
BloFin TAO-USDT+0.0429%4h317.56+0.316%$4.7M$10.9M100xas long as short
Phemex TAOUSDT+0.0465%4h317.19+0.199%$3.2M$8.1M50xas long as short
Arcus TAO-USD+0.0473%1h317.35+0.250%$100K$383K5xas long as short
Nado TAO-PERP+0.0484%1h317.00+0.137%$773K$2.0M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0527%1h317.07+0.161%$15K$1.9M25xas long as short
Variational Omni TAO+0.0574%4h318.65+0.661%$5.6M$10.1Mas long as short
Phoenix TAO+0.0629%1h319.30+0.866%$321K$703K5xas long as short
Lighter TAO+0.0640%1h317.35+0.251%$1.6M$6.9M5xas long as short
Hyperliquid TAO+0.0679%1h317.26+0.221%$93.9M$110.2M5xas long as short
01 Exchange TAOUSD+0.0680%1h317.06+0.158%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h317.08+0.165%$36520xas long as short
Backpack TAO_USDC_PERP+0.0724%1h317.17+0.193%$433K$992K10xas long as short
RISEx TAO/USDC+0.0831%1h316.86+0.095%$448K$669K5xas long as short
Kraken Futures PF_TAOUSD+0.0835%1h317.24+0.214%$6.0M$21.7M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.43+0.275%$1.3M$7.2M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.44+1.857%$23K$2K12xas long as short