data as of
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Price arb /

TAO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$33
spread now+0.099%7d average+0.070%fees + slippage, in and out−$36spread needed0.361%
Long on PacificaShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica TAO289.790.0100pay 0.0013% / 1h30m 46s$335K$370K10x
ShortHyperliquid TAO290.080.1001get 0.0125% / 1h30m 46s$80.3M$51.9M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$9.94
Funding while held
$27.04
Slippage, 4 orders
−$19.06
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$0.93
Spread needed to break even
0.361%
Slippage from Pacifica: live order book, 14 min ago; Hyperliquid: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0901%
Per $10,000 a day
+$27.04
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 14 min ago2.96 bp12.2 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.04 bp5.5 bp −$6doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
edgeX288.30cheapestApeX Omni288.88+0.201%HTX289.28+0.340%Phoenix289.60+0.451%Variational Omni289.63+0.462%Bitget289.68+0.479%OKX289.70+0.486%Gate289.70+0.486%KuCoin289.71+0.489%Extended289.73+0.495%Paradex289.74+0.499%Binance289.75+0.502%BingX289.76+0.506%MEXC289.78+0.513%
Pacifica289.79+0.517%
dYdX289.82+0.528%Bybit289.90+0.555%Kraken Futures289.97+0.581%Aster289.99+0.585%Arcus289.99+0.586%Phemex290.04+0.603%Lighter290.06+0.612%
Hyperliquid290.08+0.617%
SunX290.09+0.621%Bulk290.10+0.624%GMX290.14+0.638%gTrade (Gains Network)290.15+0.643%Backpack290.18+0.652%Orderly290.21+0.662%BloFin290.23+0.669%Deribit290.24+0.673%Reya290.26+0.680%Bullet290.28+0.687%Nado290.29+0.689%Aevo290.33+0.704%Popdex290.39+0.725%Polymarket Perps290.39+0.725%Katana Perps290.42+0.735%RISEx290.56+0.785%01 Exchange290.67+0.822%Coinbase International291.09+0.968%Injective291.63+1.155%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX TAOUSDC−0.515%+0.0100%4h$38K$294K10xas long as short
ApeX Omni TAOUSDT−0.315%+0.0100%1h$43K$266K50xas long as short
HTX TAO-USDT−0.177%+0.0100%4h$119K$314K20xas long as short
Phoenix TAO−0.066%+0.0332%1h$308K$157K5xas long as short
Variational Omni TAO−0.056%+0.0100%4h$3.4M$4.6M—as long as short
Bitget TAOUSDT−0.039%+0.0064%4h$32.8M$36.5M50xas long as short
OKX TAO-USDT-SWAP−0.032%+0.0100%8h$23.3M$67.9M50xas long as short
Gate TAO_USDT−0.032%+0.0100%4h$11.4M$43.8M50xas long as short
KuCoin TAOUSDTM−0.028%+0.0100%4h$18.5M$19.6M75xas long as short
Extended TAO-USD−0.022%+0.0104%1h$783K$1.3M25xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex TAO-USD-PERP−0.018%+0.0120%8h$13K$37610xas long as short
Binance TAOUSDT−0.015%+0.0100%4h$81.5M$322.6M75xas long as short
BingX TAO-USDT−0.011%+0.0100%4h—$28.0M—as long as short
MEXC TAO_USDT−0.004%+0.0100%4h$103.6M$104.0M300xas long as short
Pacifica TAOlong0.000%+0.0100%1h$335K$370K10x
dYdX TAO-USD+0.010%+0.0135%1h$74K$43K5xas long as short
Bybit TAOUSDT+0.037%+0.0100%4h$53.8M$83.9M50xas long as short
Kraken Futures PF_TAOUSD+0.063%+0.0046%1h$5.5M$14.0M50xas long as short
Aster TAOUSDT+0.067%+0.0100%4h$1.6M$4.9M50xas long as short
Arcus TAO-USD+0.068%+0.0100%1h$124K$569K5xas long as short
Phemex TAOUSDT+0.086%+0.0100%4h$3.0M$7.4M50xas long as short
Lighter TAO+0.094%+0.0728%1h$1.4M$1.9M5xas long as short
Hyperliquid TAOshort+0.099%+0.1001%1h$80.3M$51.9M5x
SunX TAO-USDT+0.103%+0.0100%4h$1K$1.6M20xas long as short
Bulk TAO-USD+0.106%−0.1746%1h$152K$010xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.120%L +0.0174% / S +0.0111%1h$458K—100xas long as short
gTrade (Gains Network) TAO/USD+0.125%L +0.0004% / S −0.0008%1h$14K—150xas long as short
Backpack TAO_USDC_PERP+0.134%+0.0100%1h$274K$408K10xas long as short
Orderly PERP_TAO_USDC+0.144%+0.0100%4h$52K$146K10xas long as short
BloFin TAO-USDT+0.151%+0.0340%4h$4.1M$7.0M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.155%+0.0282%1h$33K$894K25xas long as short
Reya TAORUSDPERP+0.162%+0.0692%1h$334—20xas long as short
Bullet TAO-USD+0.168%+0.0100%1h$10K$17K20xas long as short
Nado TAO-PERP+0.171%+0.0330%1h$1.1M$1.1M10xas long as short
Aevo TAO-PERP+0.186%+0.0104%1h$159K$9983xas long as short
Popdex TAOUSDT+0.206%+0.0096%1h$50K$451K20xas long as short
Polymarket Perps TAO-USD+0.206%+0.0100%1h$76K$1.0M5xas long as short
Katana Perps TAO-USD+0.217%+0.0100%8h$1K$309K5xas long as short
RISEx TAO/USDC+0.266%+0.0553%1h$337K$423K5xas long as short
01 Exchange TAOUSD+0.303%+0.0472%1h$3K$6K5xas long as short
Coinbase International TAO-PERP-INTX+0.448%+0.0920%1h$1.4M$4.1M50xas long as short
Injective TAO/USDC PERP+0.634%+0.3912%1h$21K$87K12xas long as short