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 0.000%

Price spread now: edgeX against OKX+0.291%91s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$390.393% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.432%+$43 · spread now +0.291%, 7d avg +0.028%

Together, before fees+0.415%+ Points / potential airdropedgeX: Active · farm board+$42 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: edgeX is 0.263% dearer against OKX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 91 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	OKX TAO-USDT-SWAP	323.30	0.0100	pay 0.0100% / 8h	5h 27m	$26.6M	$119.8M	50x
Short	edgeX TAOUSDC	324.24	0.0100	get 0.0050% / 4h	1h 27m	$37K	$302K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.291%Rate

Funding earned: $0
Price spread: +0.291% → +0.028%: $26.27
Slippage, 4 orders: −$20.26
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.99
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; edgeX: live order book, 35 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, 1 min ago	1.55 bp	8.1 bp −$8	24.0 bp −$240	69.1 bp −$6,908	doesn't fit
Sell edgeX live order book, 35 min ago	6.30 bp	10.8 bp −$11	24.0 bp −$240	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	−0.5583%	1h	316.49	−2.106%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.51	+0.065%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.60	+0.093%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.14	+0.260%	$34K	$675K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.46	+0.049%	$94.6M	$479.9M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	323.30	long leg	$26.6M	$119.8M	50x
Gate TAO_USDT	+0.0100%	4h	323.50	+0.062%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.56	+0.080%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.84	+0.167%	$18.1M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.15	−0.046%	$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 TAOUSDCshort	+0.0100%	4h	324.24	+0.291%	$37K	$302K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	323.90	+0.186%	$87K	$791K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.49	+0.059%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.73	+0.133%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.66	+0.111%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.86	+0.174%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	323.68	+0.118%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	324.21	+0.281%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0125%	1h	323.56	+0.081%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	323.74	+0.135%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	323.95	+0.201%	$537K	$964K	10x	as long as short
Bullet TAO-USD	+0.0285%	1h	323.88	+0.179%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0308%	8h	324.01	+0.220%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	322.64	−0.204%	$4.6M	$11.2M	100x	as long as short
Aster TAOUSDT	+0.0364%	4h	323.80	+0.153%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.81	+0.158%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.402%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.27	+0.300%	$101K	$487K	5x	as long as short
BingX TAO-USDT	+0.0566%	4h	323.41	+0.034%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0572%	1h	323.90	+0.186%	$793K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0572%	4h	323.51	+0.065%	$70.9M	$143.7M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0685%	1h	323.84	+0.167%	$21K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.95	+0.201%	$373	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.161%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	324.40	+0.340%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	323.28	−0.008%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.170%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0896%	1h	324.12	+0.252%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.334%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.84	+0.167%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.07	+0.240%	$458K	$640K	5x	as long as short
Hyperliquid TAO	+0.1269%	1h	323.83	+0.164%	$101.9M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.022%	$24K	$2K	12x	as long as short