Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h +0.002%

Price spread now: Bullet against OKX+0.056%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bullet is 0.056% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	323.70	0.0100	pay 0.0100% / 8h	5h 28m	$26.7M	$119.9M	50x
Short	Bullet TAO-USD	323.88	0.0285	get 0.0036% / 1h	28m 22s	$12K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.056%Rate

Funding earned: $38.79
Price spread: +0.056% → 0.000%: $5.56
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: $26.36
Costs to cover: 0.180%
Break-even: 2.2 days

Slippage unknown: OKX: live order book, 6 min ago; Bullet: 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 OKX live order book, 6 min ago	1.54 bp	9.7 bp −$10	21.5 bp −$215	69.3 bp −$6,926	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.5583%	1h	316.49	−2.227%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.51	−0.059%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.60	−0.030%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.14	+0.136%	$34K	$675K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.78	+0.024%	$94.7M	$479.8M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	323.70	long leg	$26.7M	$119.9M	50x
Gate TAO_USDT	+0.0100%	4h	323.70	0.000%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.88	+0.056%	$100.5M	$141.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	324.05	+0.108%	$18.2M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.57	−0.040%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	324.24	+0.167%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.90	+0.062%	$87K	$791K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.49	−0.065%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.29	−0.127%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.20	−0.154%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.86	+0.050%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	323.68	−0.006%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	324.21	+0.158%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0125%	1h	323.56	−0.043%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	323.74	+0.011%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	323.95	+0.077%	$537K	$964K	10x	as long as short
Bullet TAO-USDshort	+0.0285%	1h	323.88	+0.056%	$12K	$18K	20x
Paradex TAO-USD-PERP	+0.0308%	8h	324.01	+0.096%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	322.64	−0.327%	$4.6M	$11.2M	100x	as long as short
Aster TAOUSDT	+0.0364%	4h	323.93	+0.071%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.81	+0.034%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.278%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.27	+0.176%	$101K	$487K	5x	as long as short
BingX TAO-USDT	+0.0566%	4h	323.78	+0.025%	—	$30.2M	—	as long as short
Nado TAO-PERP	+0.0572%	1h	323.90	+0.062%	$793K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0572%	4h	323.81	+0.034%	$70.9M	$143.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0685%	1h	323.84	+0.044%	$21K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.95	+0.077%	$373	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.037%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	324.40	+0.216%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	323.70	+0.001%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.046%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0896%	1h	324.21	+0.159%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.210%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1060%	1h	322.97	−0.226%	$444K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.07	+0.116%	$458K	$640K	5x	as long as short
Hyperliquid TAO	+0.1276%	1h	324.38	+0.210%	$102.0M	$99.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.102%	$24K	$2K	12x	as long as short