Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h +0.078%

Price spread now: 01 Exchange against Orderly+0.042%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on 01 Exchange

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 +$20 a day on $10k at the current rate, and 01 Exchange is 0.042% dearer against Orderly than usual: you sell high and buy low: +$4 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	Orderly PERP_TAO_USDC	312.34	0.0100	pay 0.0050% / 4h	41m 14s	$60K	$276K	10x
Short	01 Exchange TAOUSD	312.47	0.0752	get 0.0094% / 1h	41m 14s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Orderly. 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 OrderlybpFee 01 ExchangebpOrdersPrice spread, now +0.042%Rate

Funding earned: $136.92
Price spread: +0.042% → 0.000%: $4.16
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $128.08
Costs to cover: 0.130%
Break-even: 0.5 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 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	−0.4722%	1h	314.01	+0.535%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.08	−0.084%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.25	−0.030%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.656%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.41	+0.022%	$41K	$551K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.39	+0.015%	$370K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.23	−0.035%	$88.3M	$424.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.35	+0.003%	$61.2M	$123.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.10	−0.077%	$25.0M	$100.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.20	−0.045%	$12.7M	$49.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.24	−0.032%	$120.0M	$127.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.28	−0.019%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.09	−0.080%	$34.8M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.41	+0.022%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.83	+0.158%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.13	+0.573%	$529K	$948K	10x	as long as short
Orderly PERP_TAO_USDClong	+0.0100%	4h	312.34	long leg	$60K	$276K	10x
SunX TAO-USDT	+0.0100%	4h	312.11	−0.074%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.29	−0.016%	$127K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.22	−0.038%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.43	+0.029%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	312.41	+0.022%	$2K	$541K	5x	as long as short
Bullet TAO-USD	+0.0118%	1h	312.43	+0.029%	$11K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0126%	1h	312.47	+0.042%	$76K	$521K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	312.76	+0.134%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	+0.367%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0188%	8h	312.27	−0.023%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0202%	4h	312.38	+0.014%	$1.1M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0226%	1h	312.79	+0.144%	$47K	$270K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0297%	1h	312.34	−0.001%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0351%	4h	312.42	+0.026%	$4.3M	$10.2M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	312.23	−0.036%	$5.7M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.20	−0.046%	$448K	—	100x	as long as short
Nado TAO-PERP	+0.0528%	1h	312.39	+0.017%	$830K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	+0.083%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0570%	1h	312.50	+0.051%	$300K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.26	−0.025%	$359	—	20x	as long as short
01 Exchange TAOUSDshort	+0.0752%	1h	312.47	+0.042%	$3K	$4K	5x
Extended TAO-USD	+0.0864%	1h	312.15	−0.062%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.736%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	312.56	+0.072%	$430K	$537K	5x	as long as short
Lighter TAO	+0.1392%	1h	312.68	+0.109%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1955%	1h	312.79	+0.144%	$97.4M	$83.3M	5x	as long as short