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−$51
spread now+0.156%7d average+0.092%fees + slippage, in and out−$57spread needed0.571%
Long on Kraken FuturesShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TAOUSD282.86−0.0383get 0.0048% / 1h50m 28s$5.1M$13.6M50x
ShortPhoenix TAO283.300.0456get 0.0057% / 1h50m 28s$301K$160K5x

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
$15.65
Funding while held
$25.19
Slippage, 4 orders
−$40.11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$16.27
Spread needed to break even
0.571%
Slippage from Kraken Futures: live order book, 5 min ago; Phoenix: live order book, 47 min ago.

Cost of waiting

funding view
Funding /8h
+0.0840%
Per $10,000 a day
+$25.19
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 Kraken Futures live order book, 5 min ago6.19 bp13.0 bp −$1321.0 bp −$210109.5 bp −$11.0Kdoesn't fit
Sell Phoenix live order book, 47 min ago3.53 bp18.9 bp −$1928.3 bp −$283doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bulk280.86cheapestApeX Omni281.83+0.345%HTX282.17+0.466%SunX282.57+0.609%Phemex282.60+0.620%Variational Omni282.68+0.649%BloFin282.75+0.673%Deribit282.81+0.693%
Kraken Futures282.86+0.711%
edgeX282.89+0.722%Nado283.02+0.768%Backpack283.13+0.808%Coinbase International283.23+0.844%dYdX283.24+0.847%Pacifica283.26+0.855%
Phoenix283.30+0.869%
Bitget283.37+0.894%Lighter283.40+0.905%Extended283.42+0.912%Reya283.45+0.922%Paradex283.47+0.928%Aster283.49+0.935%KuCoin283.49+0.936%Gate283.50+0.940%MEXC283.50+0.940%Polymarket Perps283.50+0.940%Popdex283.52+0.947%Katana Perps283.55+0.958%GMX283.55+0.958%BingX283.58+0.968%Bullet283.60+0.975%OKX283.60+0.976%Arcus283.64+0.990%Binance283.65+0.994%gTrade (Gains Network)283.65+0.995%Aevo283.70+1.010%RISEx283.70+1.011%Bybit283.71+1.015%Injective283.75+1.029%01 Exchange283.76+1.033%Orderly283.76+1.033%Hyperliquid283.82+1.055%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.706%+0.0100%1h$149K$2K10xas long as short
ApeX Omni TAOUSDT−0.363%+0.0327%1h$42K$266K50xas long as short
HTX TAO-USDT−0.243%+0.0100%4h$115K$322K20xas long as short
SunX TAO-USDT−0.102%+0.0100%4h$1K$1.6M20xas long as short
Phemex TAOUSDT−0.091%+0.0100%4h$3.0M$7.4M50xas long as short
Variational Omni TAO−0.062%+0.0100%4h$2.9M$5.1M—as long as short
BloFin TAO-USDT−0.038%+0.0340%4h$3.9M$7.0M100xas long as short
Deribit TAO_USDC-PERPETUAL−0.018%0.0000%1h$33K$955K25xas long as short
Kraken Futures PF_TAOUSDlong0.000%−0.0383%1h$5.1M$13.6M50x
edgeX TAOUSDC+0.010%+0.0100%4h$37K$271K10xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado TAO-PERP+0.057%+0.0100%1h$991K$1.2M10xas long as short
Backpack TAO_USDC_PERP+0.096%+0.0515%1h$395K$502K10xas long as short
Coinbase International TAO-PERP-INTX+0.132%+0.0896%1h$1.4M$3.8M50xas long as short
dYdX TAO-USD+0.135%0.0000%1h$72K$35K5xas long as short
Pacifica TAO+0.143%+0.0100%1h$328K$375K10xas long as short
Phoenix TAOshort+0.156%+0.0456%1h$301K$160K5x
Bitget TAOUSDT+0.181%+0.0100%4h$32.0M$35.7M50xas long as short
Lighter TAO+0.193%+0.0104%1h$1.3M$2.1M5xas long as short
Extended TAO-USD+0.200%+0.0104%1h$757K$1.3M25xas long as short
Reya TAORUSDPERP+0.210%+0.0693%1h$326—20xas long as short
Paradex TAO-USD-PERP+0.215%+0.0103%8h$13K$37610xas long as short
Aster TAOUSDT+0.222%+0.0100%4h$1.6M$4.8M50xas long as short
KuCoin TAOUSDTM+0.224%+0.0100%4h$16.7M$19.6M75xas long as short
Gate TAO_USDT+0.227%+0.0100%4h$11.1M$43.4M50xas long as short
MEXC TAO_USDT+0.227%+0.0100%4h$100.6M$102.5M300xas long as short
Polymarket Perps TAO-USD+0.227%+0.0100%1h$80K$611K5xas long as short
Popdex TAOUSDT+0.234%+0.0096%1h$40K$454K20xas long as short
Katana Perps TAO-USD+0.245%+0.0100%8h$1K$310K5xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.245%L +0.0477% / S −0.0198%1h$431K—100xas long as short
BingX TAO-USDT+0.255%+0.0100%4h—$28.8M—as long as short
Bullet TAO-USD+0.262%+0.0100%1h$10K$17K20xas long as short
OKX TAO-USDT-SWAP+0.263%+0.0100%8h$22.3M$67.2M50xas long as short
Arcus TAO-USD+0.277%+0.0100%1h$118K$573K5xas long as short
Binance TAOUSDT+0.281%+0.0100%4h$76.6M$322.8M75xas long as short
gTrade (Gains Network) TAO/USD+0.282%L +0.0004% / S −0.0014%1h$19K—150xas long as short
Aevo TAO-PERP+0.297%+0.0104%1h$156K$9983xas long as short
RISEx TAO/USDC+0.298%+0.0633%1h$315K$431K5xas long as short
Bybit TAOUSDT+0.301%+0.0100%4h$49.1M$84.5M50xas long as short
Injective TAO/USDC PERP+0.316%+0.3836%1h$20K$59K12xas long as short
01 Exchange TAOUSD+0.319%+0.0296%1h$3K$4K5xas long as short
Orderly PERP_TAO_USDC+0.319%+0.0100%4h$55K$197K10xas long as short
Hyperliquid TAO+0.341%+0.0430%1h$77.9M$53.5M5xas long as short