data as of
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Price arb /

TAO

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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−$7
spread now+0.192%7d average+0.059%fees + slippage, in and out−$21spread needed0.206%
Long on MEXCShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TAO_USDT286.420.0100pay 0.0050% / 4h2h 36m$114.6M$88.2M300x
ShortHyperliquid TAO286.970.0672get 0.0084% / 1h36m 03s$77.2M$44.4M5x

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
$19.2
Funding while held
$17.17
Slippage, 4 orders
−$11.64
Fee MEXC: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$15.73
Spread needed to break even
0.206%
Slippage from MEXC: live order book, 9 min ago; Hyperliquid: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
+0.0572%
Per $10,000 a day
+$17.17
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 MEXC live order book, 9 min ago0.17 bp2.4 bp −$25.6 bp −$5623.5 bp −$2,348114.6 bp −$57.3K
Sell Hyperliquid live order book, 9 min ago0.17 bp8.2 bp −$8doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX285.93cheapestedgeX285.95+0.008%ApeX Omni286.13+0.070%Variational Omni286.18+0.086%Gate286.30+0.129%Extended286.35+0.146%OKX286.40+0.164%Phoenix286.40+0.164%dYdX286.41+0.168%Bitget286.41+0.168%
MEXC286.42+0.171%
KuCoin286.44+0.178%Phemex286.45+0.182%Binance286.49+0.197%Paradex286.49+0.198%Nado286.49+0.198%BingX286.50+0.199%gTrade (Gains Network)286.51+0.204%Bulk286.52+0.206%Deribit286.53+0.211%GMX286.54+0.214%Reya286.55+0.215%Orderly286.55+0.217%Aster286.57+0.223%Katana Perps286.57+0.224%Popdex286.59+0.231%Kraken Futures286.61+0.239%Pacifica286.62+0.241%Backpack286.62+0.241%BloFin286.63+0.245%SunX286.70+0.269%Aevo286.70+0.271%Bybit286.71+0.273%RISEx286.71+0.273%Bullet286.72+0.275%Polymarket Perps286.74+0.283%01 Exchange286.78+0.297%Lighter286.78+0.298%Arcus286.91+0.343%
Hyperliquid286.97+0.364%
Coinbase International287.45+0.532%Injective288.14+0.773%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.171%+0.0100%4h$119K$289K20xas long as short
edgeX TAOUSDC−0.163%+0.0100%4h$32K$282K10xas long as short
ApeX Omni TAOUSDT−0.101%+0.0100%1h$45K$264K50xas long as short
Variational Omni TAO−0.085%+0.0100%4h$3.4M$4.2M—as long as short
Gate TAO_USDT−0.042%+0.0036%4h$11.3M$43.1M50xas long as short
Extended TAO-USD−0.026%+0.0104%1h$748K$1.0M25xas long as short
OKX TAO-USDT-SWAP−0.007%+0.0100%8h$23.3M$63.2M50xas long as short
Phoenix TAO−0.007%+0.0417%1h$318K$134K5xas long as short
dYdX TAO-USD−0.003%+0.0043%1h$74K$54K5xas long as short
Bitget TAOUSDT−0.003%+0.0100%4h$32.3M$33.1M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC TAO_USDTlong0.000%+0.0100%4h$114.6M$88.2M300x
KuCoin TAOUSDTM+0.007%+0.0100%4h$17.1M$17.0M75xas long as short
Phemex TAOUSDT+0.010%+0.0100%4h$3.0M$7.7M50xas long as short
Binance TAOUSDT+0.025%+0.0100%4h$81.9M$295.9M75xas long as short
Paradex TAO-USD-PERP+0.026%+0.0102%8h$13K$37610xas long as short
Nado TAO-PERP+0.026%+0.0338%1h$1.1M$1.1M10xas long as short
BingX TAO-USDT+0.028%+0.0100%4h—$27.3M—as long as short
gTrade (Gains Network) TAO/USD+0.033%L +0.0004% / S −0.0011%1h$17K—150xas long as short
Bulk TAO-USD+0.035%−0.0079%1h$150K$3K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.040%+0.0039%1h$15K$859K25xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.042%L +0.0490% / S −0.0204%1h$440K—100xas long as short
Reya TAORUSDPERP+0.044%+0.0691%1h$330—20xas long as short
Orderly PERP_TAO_USDC+0.045%+0.0100%4h$52K$145K10xas long as short
Aster TAOUSDT+0.052%+0.0560%4h$2.1M$3.7M50xas long as short
Katana Perps TAO-USD+0.052%+0.0100%8h$776$241K5xas long as short
Popdex TAOUSDT+0.059%+0.0096%1h$36K$438K20xas long as short
Kraken Futures PF_TAOUSD+0.067%+0.0466%1h$5.4M$12.4M50xas long as short
Pacifica TAO+0.070%+0.0100%1h$345K$349K10xas long as short
Backpack TAO_USDC_PERP+0.070%+0.0100%1h$290K$262K10xas long as short
BloFin TAO-USDT+0.073%+0.0340%4h$4.1M$6.8M100xas long as short
SunX TAO-USDT+0.098%+0.0100%4h$2K$1.5M20xas long as short
Aevo TAO-PERP+0.099%+0.0104%1h$158K—3xas long as short
Bybit TAOUSDT+0.101%+0.0100%4h$52.0M$76.6M50xas long as short
RISEx TAO/USDC+0.101%+0.0523%1h$317K$386K5xas long as short
Bullet TAO-USD+0.104%+0.0100%1h$11K$18K20xas long as short
Polymarket Perps TAO-USD+0.112%+0.0100%1h$74K$1.2M5xas long as short
01 Exchange TAOUSD+0.126%+0.0288%1h$5K$4K5xas long as short
Lighter TAO+0.126%+0.0192%1h$1.3M$1.6M5xas long as short
Arcus TAO-USD+0.171%+0.0100%1h$137K$534K5xas long as short
Hyperliquid TAOshort+0.192%+0.0672%1h$77.2M$44.4M5x
Coinbase International TAO-PERP-INTX+0.360%+0.1008%1h$1.5M$4.2M50xas long as short
Injective TAO/USDC PERP+0.601%+0.1683%1h$21K$163K12xas long as short