Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Bitget against OKX−0.092%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 7 days+0.163%+$16 · spread now −0.092%, 7d avg +0.021%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.113% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	315.10	0.0100	pay 0.0100% / 8h	4h 18m	$26.0M	$120.5M	50x
Short	Bitget TAOUSDT	314.81	0.0100	get 0.0050% / 4h	18m 50s	$35.2M	$56.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.021%: −$11.31
Slippage, 4 orders: −$22.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.08
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	1.58 bp	9.4 bp −$9	14.0 bp −$140	66.9 bp −$6,688	doesn't fit
Sell Bitget live order book, 5 min ago	1.27 bp	13.1 bp −$13	24.4 bp −$244	39.9 bp −$3,993	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
dYdX TAO-USD	0.0000%	1h	314.84	−0.083%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.03	−0.022%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.28	+0.056%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.28	+0.057%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.14	+0.013%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.15	+0.016%	$91.0M	$494.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.24	+0.044%	$68.0M	$148.7M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	315.10	long leg	$26.0M	$120.5M	50x
Gate TAO_USDT	+0.0100%	4h	314.90	−0.063%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.17	+0.022%	$110.6M	$144.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.02	−0.025%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	314.81	−0.092%	$35.2M	$56.5M	50x
BingX TAO-USDT	+0.0100%	4h	315.10	0.000%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.64	+0.172%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.78	+0.215%	$522K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.97	−0.041%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.07	−0.010%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.30	+0.063%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.18	+0.025%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.91	−0.060%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.23	+0.041%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.36	+0.082%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	315.18	+0.025%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0126%	1h	315.09	−0.003%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	315.11	+0.002%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0189%	4h	315.10	0.000%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	315.12	+0.008%	$922K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0200%	1h	315.27	+0.055%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0263%	1h	315.22	+0.038%	$92.7M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0312%	1h	315.47	+0.117%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0312%	1h	315.28	+0.058%	$26K	$1.7M	25x	as long as short
Lighter TAO	+0.0328%	1h	315.37	+0.084%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.15	+0.016%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.47	+0.117%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	315.25	+0.048%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.01	−0.027%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	+0.059%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.127%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.13	+0.008%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.241%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.28	+0.058%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.17	+0.340%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.190%	$23K	$2K	12x	as long as short