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−$64
spread now+0.284%7d average+0.067%fees + slippage, in and out−$86spread needed0.856%
Long on PhemexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT282.600.0100pay 0.0050% / 4h1h 50m$3.0M$7.4M50x
ShortLighter TAO283.400.0104get 0.0013% / 1h50m 45s$1.3M$2.1M5x

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
$28.41
Funding while held
$0.12
Slippage, 4 orders
−$73.62
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$57.09
Spread needed to break even
0.856%
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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, 5 min ago7.43 bp50.4 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 2 min ago2.35 bp8.6 bp −$926.6 bp −$266doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bulk280.86cheapestVariational Omni281.21+0.126%ApeX Omni281.83+0.345%HTX282.17+0.466%SunX282.57+0.609%
Phemex282.60+0.620%
GMX282.64+0.632%Reya282.64+0.633%gTrade (Gains Network)282.64+0.636%Bullet282.68+0.647%Orderly282.74+0.669%BloFin282.75+0.673%Aevo282.76+0.676%Deribit282.81+0.693%Kraken Futures282.86+0.711%edgeX282.89+0.722%dYdX282.89+0.723%Pacifica282.93+0.738%Extended282.96+0.748%Katana Perps282.98+0.755%KuCoin282.99+0.758%Polymarket Perps283.01+0.766%Nado283.02+0.768%Paradex283.02+0.770%Popdex283.05+0.780%Aster283.06+0.785%Bitget283.09+0.794%OKX283.10+0.798%Gate283.10+0.798%Backpack283.13+0.808%Arcus283.19+0.830%Coinbase International283.23+0.844%RISEx283.24+0.846%Binance283.24+0.847%01 Exchange283.27+0.858%BingX283.27+0.858%Bybit283.28+0.862%MEXC283.28+0.862%Phoenix283.30+0.869%
Lighter283.40+0.905%
Hyperliquid283.52+0.947%Injective283.75+1.029%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.616%+0.0100%1h$149K$2K10xas long as short
Variational Omni TAO−0.491%+0.0100%4h$2.9M$5.0M—as long as short
ApeX Omni TAOUSDT−0.272%+0.0327%1h$42K$266K50xas long as short
HTX TAO-USDT−0.152%+0.0100%4h$115K$322K20xas long as short
SunX TAO-USDT−0.011%+0.0100%4h$1K$1.6M20xas long as short
Phemex TAOUSDTlong0.000%+0.0100%4h$3.0M$7.4M50x
GMX TAO/USD [WBTC.b-USDC]+0.013%L +0.0476% / S −0.0198%1h$430K—100xas long as short
Reya TAORUSDPERP+0.013%+0.0693%1h$325—20xas long as short
gTrade (Gains Network) TAO/USD+0.016%L +0.0004% / S −0.0014%1h$19K—150xas long as short
Bullet TAO-USD+0.028%+0.0100%1h$10K$17K20xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_TAO_USDC+0.050%+0.0100%4h$55K$197K10xas long as short
BloFin TAO-USDT+0.053%+0.0340%4h$3.9M$7.0M100xas long as short
Aevo TAO-PERP+0.056%+0.0104%1h$155K$9983xas long as short
Deribit TAO_USDC-PERPETUAL+0.073%0.0000%1h$33K$955K25xas long as short
Kraken Futures PF_TAOUSD+0.091%−0.0383%1h$5.1M$13.6M50xas long as short
edgeX TAOUSDC+0.101%+0.0100%4h$37K$271K10xas long as short
dYdX TAO-USD+0.103%0.0000%1h$72K$35K5xas long as short
Pacifica TAO+0.118%+0.0100%1h$328K$375K10xas long as short
Extended TAO-USD+0.128%+0.0104%1h$753K$1.3M25xas long as short
Katana Perps TAO-USD+0.134%+0.0100%8h$1K$310K5xas long as short
KuCoin TAOUSDTM+0.138%+0.0100%4h$16.7M$19.6M75xas long as short
Polymarket Perps TAO-USD+0.145%+0.0100%1h$80K$611K5xas long as short
Nado TAO-PERP+0.148%+0.0100%1h$991K$1.2M10xas long as short
Paradex TAO-USD-PERP+0.150%+0.0103%8h$13K$37610xas long as short
Popdex TAOUSDT+0.159%+0.0096%1h$40K$454K20xas long as short
Aster TAOUSDT+0.164%+0.0100%4h$1.6M$4.8M50xas long as short
Bitget TAOUSDT+0.173%+0.0100%4h$32.0M$35.8M50xas long as short
OKX TAO-USDT-SWAP+0.177%+0.0100%8h$22.3M$67.1M50xas long as short
Gate TAO_USDT+0.177%+0.0100%4h$11.1M$43.3M50xas long as short
Backpack TAO_USDC_PERP+0.188%+0.0515%1h$395K$502K10xas long as short
Arcus TAO-USD+0.209%+0.0100%1h$118K$573K5xas long as short
Coinbase International TAO-PERP-INTX+0.223%+0.0896%1h$1.4M$3.8M50xas long as short
RISEx TAO/USDC+0.225%+0.0633%1h$315K$431K5xas long as short
Binance TAOUSDT+0.226%+0.0100%4h$76.5M$322.9M75xas long as short
01 Exchange TAOUSD+0.237%+0.0304%1h$3K$4K5xas long as short
BingX TAO-USDT+0.237%+0.0100%4h—$28.8M—as long as short
Bybit TAOUSDT+0.241%+0.0100%4h$49.1M$84.5M50xas long as short
MEXC TAO_USDT+0.241%+0.0100%4h$100.5M$102.5M300xas long as short
Phoenix TAO+0.248%+0.0456%1h$301K$160K5xas long as short
Lighter TAOshort+0.284%+0.0104%1h$1.3M$2.1M5x
Hyperliquid TAO+0.326%+0.0414%1h$77.8M$53.5M5xas long as short
Injective TAO/USDC PERP+0.407%+0.3836%1h$20K$59K12xas long as short