data as of
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Price arb /

TAO

all TAO markets
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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−$55
spread now+0.063%7d average+0.035%fees + slippage, in and out−$58spread needed0.577%
Long on PhemexShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT283.700.0100pay 0.0050% / 4h1h 24m$3.0M$7.7M50x
ShortKraken Futures PF_TAOUSD283.880.0451get 0.0056% / 1h24m 33s$5.5M$13.1M50x

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
$6.29
Funding while held
$10.53
Slippage, 4 orders
−$35.69
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$40.87
Spread needed to break even
0.577%
Slippage from Phemex: live order book, 6 min ago; Kraken Futures: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0351%
Per $10,000 a day
+$10.53
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 ago2.11 bp16.0 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago5.64 bp14.0 bp −$1426.1 bp −$261245.8 bp −$24.6Kdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX283.14cheapestBitget283.23+0.032%Extended283.39+0.089%OKX283.40+0.092%Gate283.40+0.092%Paradex283.43+0.102%Popdex283.46+0.113%Binance283.49+0.123%Katana Perps283.49+0.124%MEXC283.50+0.127%Reya283.51+0.130%KuCoin283.51+0.131%Variational Omni283.52+0.133%GMX283.52+0.134%BingX283.52+0.134%BloFin283.52+0.134%dYdX283.56+0.148%Nado283.57+0.151%ApeX Omni283.57+0.152%RISEx283.57+0.152%Pacifica283.58+0.155%Bybit283.58+0.155%Bullet283.59+0.158%Aster283.60+0.162%gTrade (Gains Network)283.61+0.166%Polymarket Perps283.63+0.173%Orderly283.69+0.194%Deribit283.70+0.198%SunX283.70+0.198%
Phemex283.70+0.198%
Aevo283.70+0.199%Backpack283.72+0.205%Arcus283.74+0.212%Lighter283.77+0.223%Hyperliquid283.80+0.233%Bulk283.82+0.240%
Kraken Futures283.88+0.261%
Phoenix283.90+0.268%edgeX284.42+0.453%Coinbase International286.24+1.095%Injective287.04+1.377%

TAO on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.197%+0.0100%4h$115K$309K20xas long as short
Bitget TAOUSDT−0.166%+0.0100%4h$32.1M$34.2M50xas long as short
Extended TAO-USD−0.108%+0.0104%1h$791K$1.2M25xas long as short
OKX TAO-USDT-SWAP−0.106%+0.0100%8h$23.0M$64.3M50xas long as short
Gate TAO_USDT−0.106%+0.0100%4h$11.2M$44.8M50xas long as short
Paradex TAO-USD-PERP−0.096%+0.0103%8h$13K$37610xas long as short
Popdex TAOUSDT−0.085%+0.0096%1h$40K$444K20xas long as short
Binance TAOUSDT−0.074%+0.0100%4h$79.6M$308.0M75xas long as short
Katana Perps TAO-USD−0.074%+0.0100%8h$580$261K5xas long as short
MEXC TAO_USDT−0.070%+0.0100%4h$103.8M$95.4M300xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya TAORUSDPERP−0.068%+0.0692%1h$326—20xas long as short
KuCoin TAOUSDTM−0.067%+0.0100%4h$17.3M$17.7M75xas long as short
Variational Omni TAO−0.065%+0.0100%4h$3.3M$4.5M—as long as short
GMX TAO/USD [WBTC.b-USDC]−0.064%L +0.0468% / S −0.0193%1h$424K—100xas long as short
BingX TAO-USDT−0.063%+0.0100%4h—$28.1M—as long as short
BloFin TAO-USDT−0.063%+0.0340%4h$4.1M$6.9M100xas long as short
dYdX TAO-USD−0.049%+0.0072%1h$72K$55K5xas long as short
Nado TAO-PERP−0.047%+0.0316%1h$1.1M$1.1M10xas long as short
ApeX Omni TAOUSDT−0.046%+0.0100%1h$43K$266K50xas long as short
RISEx TAO/USDC−0.046%+0.0556%1h$319K$397K5xas long as short
Pacifica TAO−0.042%+0.0100%1h$330K$368K10xas long as short
Bybit TAOUSDT−0.042%+0.0100%4h$51.4M$80.9M50xas long as short
Bullet TAO-USD−0.040%+0.0100%1h$10K$17K20xas long as short
Aster TAOUSDT−0.035%+0.0100%4h$1.7M$4.7M50xas long as short
gTrade (Gains Network) TAO/USD−0.032%L +0.0004% / S −0.0012%1h$18K—150xas long as short
Polymarket Perps TAO-USD−0.025%+0.0100%1h$72K$1.1M5xas long as short
Orderly PERP_TAO_USDC−0.004%+0.0100%4h$51K$146K10xas long as short
Deribit TAO_USDC-PERPETUAL0.000%0.0000%1h$25K$868K25xas long as short
SunX TAO-USDT0.000%+0.0100%4h$1K$1.5M20xas long as short
Phemex TAOUSDTlong0.000%+0.0100%4h$3.0M$7.7M50x
Aevo TAO-PERP+0.002%+0.0104%1h$156K$9983xas long as short
Backpack TAO_USDC_PERP+0.007%+0.0100%1h$288K$279K10xas long as short
Arcus TAO-USD+0.014%+0.0100%1h$121K$570K5xas long as short
Lighter TAO+0.025%+0.0304%1h$1.3M$1.8M5xas long as short
Hyperliquid TAO+0.035%+0.0334%1h$74.9M$47.9M5xas long as short
Bulk TAO-USD+0.042%+0.0100%1h$148K$010xas long as short
Kraken Futures PF_TAOUSDshort+0.063%+0.0451%1h$5.5M$13.1M50x
Phoenix TAO+0.070%+0.0363%1h$300K$148K5xas long as short
edgeX TAOUSDC+0.255%+0.0100%4h$32K$284K10xas long as short
Coinbase International TAO-PERP-INTX+0.895%+0.1000%1h$1.4M$4.1M50xas long as short
Injective TAO/USDC PERP+1.177%+0.1765%1h$21K$125K12xas long as short