data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

TAO

all TAO markets
SwapFunding view
Alert
My alerts

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−$57
spread now−0.031%7d average+0.028%fees + slippage, in and out−$51spread needed0.510%
Long on PhemexShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT286.430.0100pay 0.0050% / 4h3h 04m$3.0M$7.3M50x
ShortBackpack TAO_USDC_PERP286.340.0100get 0.0013% / 1h4m 50s$328K$431K10x

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
−$3.14
Funding while held
$0
Slippage, 4 orders
−$29.02
Fee Phemex: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$54.17
Spread needed to break even
0.510%
Slippage from Phemex: live order book, 6 min ago; Backpack: live order book, 40 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Phemex live order book, 6 min ago6.59 bp15.0 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 40 min ago2.09 bp7.4 bp −$712.5 bp −$125doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bitget286.13cheapestOKX286.30+0.059%Gate286.30+0.059%Nado286.33+0.069%Popdex286.33+0.070%BingX286.34+0.073%
Backpack286.34+0.073%
Reya286.35+0.078%Orderly286.36+0.080%GMX286.36+0.081%Bullet286.37+0.083%KuCoin286.37+0.084%BloFin286.37+0.084%Kraken Futures286.40+0.095%gTrade (Gains Network)286.42+0.101%
Phemex286.43+0.105%
Deribit286.46+0.115%MEXC286.46+0.115%Binance286.47+0.118%Extended286.51+0.134%Polymarket Perps286.52+0.136%Bybit286.53+0.140%HTX286.55+0.147%Aster286.56+0.149%Aevo286.57+0.155%RISEx286.60+0.164%01 Exchange286.60+0.164%Arcus286.62+0.171%SunX286.68+0.192%Katana Perps286.74+0.213%Hyperliquid286.75+0.216%Bulk286.85+0.252%Lighter286.86+0.254%Paradex287.07+0.327%Pacifica287.20+0.374%dYdX287.23+0.386%ApeX Omni287.56+0.500%Variational Omni287.82+0.589%Coinbase International287.86+0.605%edgeX287.90+0.619%Phoenix288.00+0.654%Injective290.41+1.496%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TAOUSDT−0.105%+0.0070%4h$32.3M$36.6M50xas long as short
OKX TAO-USDT-SWAP−0.045%+0.0100%8h$23.0M$66.8M50xas long as short
Gate TAO_USDT−0.045%+0.0100%4h$11.3M$44.7M50xas long as short
Nado TAO-PERP−0.036%+0.0250%1h$1.1M$1.2M10xas long as short
Popdex TAOUSDT−0.035%+0.0096%1h$50K$446K20xas long as short
BingX TAO-USDT−0.031%+0.0100%4h—$28.1M—as long as short
Backpack TAO_USDC_PERPshort−0.031%+0.0100%1h$328K$431K10x
Reya TAORUSDPERP−0.027%+0.0692%1h$329—20xas long as short
Orderly PERP_TAO_USDC−0.024%+0.0100%4h$52K$172K10xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.024%L +0.0173% / S +0.0112%1h$452K—100xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet TAO-USD−0.022%+0.0100%1h$10K$17K20xas long as short
KuCoin TAOUSDTM−0.021%+0.0100%4h$18.0M$19.7M75xas long as short
BloFin TAO-USDT−0.021%+0.0340%4h$4.0M$6.7M100xas long as short
Kraken Futures PF_TAOUSD−0.009%+0.0047%1h$5.2M$13.6M50xas long as short
gTrade (Gains Network) TAO/USD−0.003%L +0.0004% / S −0.0004%1h$9K—150xas long as short
Phemex TAOUSDTlong0.000%+0.0100%4h$3.0M$7.3M50x
Deribit TAO_USDC-PERPETUAL+0.010%+0.0106%1h$43K$920K25xas long as short
MEXC TAO_USDT+0.010%+0.0100%4h$105.5M$106.7M300xas long as short
Binance TAOUSDT+0.013%+0.0100%4h$78.9M$322.4M75xas long as short
Extended TAO-USD+0.029%+0.0104%1h$773K$1.3M25xas long as short
Polymarket Perps TAO-USD+0.031%+0.0100%1h$76K$987K5xas long as short
Bybit TAOUSDT+0.035%+0.0100%4h$51.4M$84.9M50xas long as short
HTX TAO-USDT+0.042%+0.0100%4h$117K$317K20xas long as short
Aster TAOUSDT+0.044%+0.0100%4h$1.6M$5.0M50xas long as short
Aevo TAO-PERP+0.050%+0.0104%1h$157K$9983xas long as short
RISEx TAO/USDC+0.059%+0.0553%1h$325K$425K5xas long as short
01 Exchange TAOUSD+0.059%+0.0368%1h$3K$4K5xas long as short
Arcus TAO-USD+0.066%+0.0100%1h$123K$569K5xas long as short
SunX TAO-USDT+0.087%+0.0100%4h$1K$1.6M20xas long as short
Katana Perps TAO-USD+0.108%+0.0100%8h$1K$320K5xas long as short
Hyperliquid TAO+0.111%+0.0845%1h$79.9M$51.4M5xas long as short
Bulk TAO-USD+0.147%+0.0100%1h$150K$010xas long as short
Lighter TAO+0.149%+0.0464%1h$1.3M$2.1M5xas long as short
Paradex TAO-USD-PERP+0.222%+0.0113%8h$13K$37610xas long as short
Pacifica TAO+0.269%+0.0100%1h$332K$369K10xas long as short
dYdX TAO-USD+0.281%+0.0128%1h$73K$43K5xas long as short
ApeX Omni TAOUSDT+0.395%+0.0100%1h$43K$265K50xas long as short
Variational Omni TAO+0.484%+0.0100%4h$3.3M$4.9M—as long as short
Coinbase International TAO-PERP-INTX+0.499%+0.0920%1h$1.4M$4.0M50xas long as short
edgeX TAOUSDC+0.514%+0.0100%4h$38K$293K10xas long as short
Phoenix TAO+0.548%+0.0332%1h$306K$157K5xas long as short
Injective TAO/USDC PERP+1.390%+0.3912%1h$21K$87K12xas long as short