Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.088%

Price spread now: 01 Exchange against MEXC−0.471%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.471% cheaper against MEXC than usual: you would sell low and buy high (spread −0.471% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 9.6 days of funding at the current rate (+$5 a day). The two prices were read 56 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	314.54	0.0100	pay 0.0050% / 4h	35m 37s	$107.4M	$143.1M	300x
Short	01 Exchange TAOUSD	313.06	0.0264	get 0.0033% / 1h	35m 37s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.471%Rate

Funding earned: $34.44
Price spread: −0.471% → 0.000%: −$47.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$19.61
Costs to cover: 0.070%
Break-even: 11.0 days

Slippage unknown: MEXC: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 3 min ago	0.48 bp	2.4 bp −$2	13.5 bp −$135	32.7 bp −$3,272	113.5 bp −$56.7K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0482%	1h	315.13	+0.188%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.24	−0.094%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.01	−0.485%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	313.45	−0.348%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.04	−0.477%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.55	+0.003%	$90.6M	$492.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.53	−0.003%	$68.5M	$147.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.30	−0.076%	$25.8M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.10	−0.140%	$12.9M	$49.7M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	314.54	long leg	$107.4M	$143.1M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.45	−0.029%	$17.5M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.23	−0.099%	$35.1M	$56.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.76	+0.388%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.75	+0.385%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.15	−0.442%	$89K	$791K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.33	−0.385%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.39	−0.366%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.92	−0.515%	$108K	$528K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.40	−0.362%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	312.89	−0.525%	$992	$792K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.735%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.17	−0.436%	$172K	$998	3x	as long as short
BingX TAO-USDT	+0.0116%	4h	314.39	−0.048%	—	$30.1M	—	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	313.16	−0.439%	$56K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	313.13	−0.447%	$417K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0181%	8h	314.60	+0.018%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0190%	4h	313.77	−0.246%	$1.2M	$10.2M	50x	as long as short
Nado TAO-PERP	+0.0208%	1h	313.17	−0.436%	$796K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0256%	1h	314.51	−0.009%	$92.7M	$106.0M	5x	as long as short
Extended TAO-USD	+0.0264%	1h	314.34	−0.064%	$917K	$2.4M	25x	as long as short
01 Exchange TAOUSDshort	+0.0264%	1h	313.06	−0.471%	$3K	$4K	5x
Deribit TAO_USDC-PERPETUAL	+0.0265%	1h	313.31	−0.391%	$13K	$1.7M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0327%	1h	313.87	−0.213%	$314K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.41	−0.041%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	314.82	+0.089%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.59	+0.015%	$359K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	314.72	+0.057%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.877%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0588%	4h	313.21	−0.423%	$5.7M	$9.9M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	313.37	−0.373%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.56	+0.006%	$436K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	313.64	−0.286%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.710%	$23K	$2K	12x	as long as short