Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.068%

Price spread now: Nado against MEXC+0.489%51s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.218% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 7 days−0.511%−$51 · spread now +0.489%, 7d avg +0.018%

Together, before fees−0.432%+ Points / potential airdropNado: Active · farm board−$43 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 Nado is 0.471% dearer against MEXC than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	313.49	0.0100	pay 0.0050% / 4h	36m 43s	$106.8M	$142.9M	300x
Short	Nado TAO-PERP	315.02	0.0185	get 0.0023% / 1h	36m 43s	$803K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now +0.489%Rate

Funding earned: $17.88
Price spread: +0.489% → +0.018%: $47.06
Slippage, 4 orders: −$14.8
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $43.15
Costs to cover: 0.218%
Break-even: from the start

Slippage from MEXC: live order book, 2 min ago; Nado: live order book, 2 min ago.

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 MEXC live order book, 2 min ago	0.48 bp	2.4 bp −$2	13.5 bp −$135	32.7 bp −$3,272	113.5 bp −$56.7K
Sell Nado live order book, 2 min ago	2.06 bp	7.8 bp −$8	20.2 bp −$202	doesn't fit	doesn't fit

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	−0.0482%	1h	315.13	+0.523%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.15	−0.108%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.72	+0.393%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.68	+0.379%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.82	+0.424%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.36	−0.040%	$90.3M	$491.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	−0.124%	$25.8M	$119.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	−0.188%	$12.8M	$49.7M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	313.49	long leg	$106.8M	$142.9M	300x
KuCoin TAOUSDTM	+0.0100%	4h	313.23	−0.083%	$17.4M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	313.05	−0.140%	$35.0M	$56.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.76	+0.725%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.75	+0.721%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.99	+0.478%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.08	+0.507%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.81	+0.421%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.81	+0.421%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.72	+0.392%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.95	+0.466%	$645	$787K	5x	as long as short
Bybit TAOUSDT	+0.0102%	4h	313.24	−0.080%	$68.3M	$147.3M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+1.073%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.79	+0.415%	$173K	$998	3x	as long as short
BingX TAO-USDT	+0.0116%	4h	313.07	−0.134%	—	$30.0M	—	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	314.56	+0.341%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	314.63	+0.364%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0184%	8h	315.51	+0.644%	$14K	$1K	10x	as long as short
Nado TAO-PERPshort	+0.0185%	1h	315.02	+0.489%	$803K	$2.2M	10x
Aster TAOUSDT	+0.0208%	4h	313.43	−0.018%	$1.2M	$10.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0231%	1h	314.61	+0.358%	$11K	$1.6M	25x	as long as short
Hyperliquid TAO	+0.0255%	1h	313.24	−0.081%	$92.3M	$106.0M	5x	as long as short
01 Exchange TAOUSD	+0.0256%	1h	315.19	+0.542%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0272%	1h	313.37	−0.039%	$917K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0337%	1h	313.89	+0.128%	$314K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.41	+0.293%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.49	+0.638%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	313.37	−0.038%	$357K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	313.75	+0.084%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+1.215%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.784%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.10	+0.514%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.16	+0.533%	$437K	$656K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.66	+0.692%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+2.051%	$23K	$2K	12x	as long as short