Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.001%

Price spread now: Aevo against OKX+0.116%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2272.267% of the position

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.116%, 7d avg +0.061%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.055% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	323.20	0.0100	pay 0.0100% / 8h	2h 01m	$26.9M	$129.0M	50x
Short	Aevo TAO-PERP	323.58	0.0120	get 0.0015% / 1h	1m 10s	$178K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now +0.116%Rate

Funding earned: $4.2
Price spread: +0.116% → +0.061%: $5.5
Slippage, 4 orders: −$200.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$217.02
Costs to cover: 2.267%
Break-even: 368.7 days

Slippage from OKX: live order book, 3 min ago; Aevo: live order book, 48 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 OKX live order book, 3 min ago	1.54 bp	11.1 bp −$11	19.2 bp −$192	61.9 bp −$6,193	doesn't fit
Sell Aevo live order book, 48 min ago	72.17 bp	94.9 bp −$95	doesn't fit	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	−0.1440%	1h	322.10	−0.342%	$171K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.07	−0.040%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0026%	1h	323.84	+0.198%	$129K	$85K	5x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	323.20	long leg	$26.9M	$129.0M	50x
Gate TAO_USDT	+0.0100%	4h	323.10	−0.031%	$14.2M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.26	+0.019%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.98	−0.068%	$36.4M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.47	+0.084%	$83K	$974K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.01	−0.059%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.59	+0.121%	$121K	$576K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	322.99	−0.065%	$3.3M	$8.1M	50x	as long as short
Popdex TAOUSDT	+0.0104%	1h	323.72	+0.161%	$42K	$687K	20x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	323.89	+0.213%	$669	$964K	5x	as long as short
Aevo TAO-PERPshort	+0.0120%	1h	323.58	+0.116%	$178K	$998	3x
Orderly PERP_TAO_USDC	+0.0121%	4h	323.34	+0.043%	$53K	$292K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0125% / S +0.0142%	1h	323.04	−0.048%	$434K	—	100x	as long as short
edgeX TAOUSDC	+0.0144%	4h	323.49	+0.089%	$43K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0148%	4h	323.08	−0.037%	$103.8M	$149.4M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	323.21	+0.003%	$94.1M	$519.0M	75x	as long as short
Pacifica TAO	+0.0233%	1h	324.01	+0.250%	$369K	$421K	10x	as long as short
Paradex TAO-USD-PERP	+0.0288%	8h	324.07	+0.270%	$15K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0295%	1h	323.41	+0.066%	$6.1M	$21.6M	50x	as long as short
Nado TAO-PERP	+0.0300%	1h	323.72	+0.160%	$820K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0311%	4h	323.38	+0.056%	$1.3M	$10.8M	50x	as long as short
Bullet TAO-USD	+0.0318%	1h	323.48	+0.087%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0342%	1h	323.29	+0.027%	$22K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0396%	4h	323.57	+0.114%	$4.6M	$11.2M	100x	as long as short
Bybit TAOUSDT	+0.0413%	4h	323.23	+0.009%	$70.8M	$154.8M	50x	as long as short
BingX TAO-USDT	+0.0424%	4h	323.11	−0.028%	—	$34.2M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	324.30	+0.340%	$111K	$377K	5x	as long as short
Extended TAO-USD	+0.0488%	1h	323.24	+0.012%	$921K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0490%	4h	324.22	+0.317%	$553K	$948K	10x	as long as short
ApeX Omni TAOUSDT	+0.0495%	1h	323.55	+0.108%	$47K	$257K	50x	as long as short
Phoenix TAO	+0.0513%	1h	325.20	+0.619%	$324K	$713K	5x	as long as short
Variational Omni TAO	+0.0516%	4h	323.58	+0.117%	$5.7M	$10.1M	—	as long as short
Reya TAORUSDPERP	+0.0697%	1h	323.44	+0.076%	$372	—	20x	as long as short
Lighter TAO	+0.0792%	1h	323.61	+0.127%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0799%	1h	323.64	+0.136%	$95.7M	$109.8M	5x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	323.92	+0.223%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0848%	1h	323.18	−0.006%	$320K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	324.66	+0.452%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	323.89	+0.215%	$465K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+0.130%	$24K	$2K	12x	as long as short