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−$152
spread now−0.312%7d average−0.105%fees + slippage, in and out−$131spread needed1.314%
Long on PhoenixShort on Aevo
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO289.000.0332pay 0.0042% / 1h51m 41s$307K$157K5x
ShortAevo TAO-PERP288.100.0104get 0.0013% / 1h51m 41s$158K$9983x

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
−$31.24
Funding while held
−$6.84
Slippage, 4 orders
−$108.37
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$169.45
Spread needed to break even
1.314%
Slippage from Phoenix: live order book, 56 min ago; Aevo: live order book, 58 min ago.

Cost of waiting

funding view
Funding /8h
−0.0228%
Per $10,000 a day
−$6.84
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 Phoenix live order book, 56 min ago3.49 bp10.2 bp −$1022.0 bp −$220doesn't fitdoesn't fit
Sell Aevo live order book, 58 min ago33.58 bp50.0 bp −$50298.7 bp −$2,987doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bitget286.67cheapestGate286.70+0.010%KuCoin286.73+0.021%dYdX286.74+0.024%OKX286.80+0.045%BingX286.85+0.063%Paradex286.85+0.064%Extended286.86+0.067%ApeX Omni286.89+0.077%Binance286.99+0.112%Polymarket Perps286.99+0.112%MEXC287.01+0.119%Katana Perps287.03+0.126%edgeX287.03+0.126%Popdex287.06+0.136%Pacifica287.07+0.140%RISEx287.14+0.164%BloFin287.17+0.174%Bybit287.18+0.178%01 Exchange287.20+0.185%Aster287.30+0.219%Arcus287.37+0.244%Lighter287.59+0.321%Hyperliquid287.61+0.328%Nado287.67+0.350%Orderly287.84+0.408%Backpack287.92+0.436%Phemex287.93+0.440%Deribit287.94+0.442%SunX287.97+0.453%Reya288.04+0.479%Kraken Futures288.05+0.482%HTX288.09+0.495%
Aevo288.10+0.498%
gTrade (Gains Network)288.18+0.528%GMX288.22+0.539%Bulk288.43+0.614%Bullet288.45+0.621%Coinbase International288.49+0.635%
Phoenix289.00+0.813%
Variational Omni289.29+0.915%Injective292.98+2.201%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TAOUSDT−0.806%+0.0046%4h$32.4M$36.5M50xas long as short
Gate TAO_USDT−0.796%−0.0068%4h$11.3M$43.3M50xas long as short
KuCoin TAOUSDTM−0.785%+0.0100%4h$18.3M$19.8M75xas long as short
dYdX TAO-USD−0.782%0.0000%1h$73K$55K5xas long as short
OKX TAO-USDT-SWAP−0.761%+0.0100%8h$23.1M$67.2M50xas long as short
BingX TAO-USDT−0.744%+0.0203%4h—$28.6M—as long as short
Paradex TAO-USD-PERP−0.742%+0.0113%8h$13K$37610xas long as short
Extended TAO-USD−0.740%+0.0104%1h$775K$1.3M25xas long as short
ApeX Omni TAOUSDT−0.730%+0.0100%1h$43K$266K50xas long as short
Binance TAOUSDT−0.696%+0.0100%4h$81.3M$323.7M75xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps TAO-USD−0.696%+0.0100%1h$75K$1.1M5xas long as short
MEXC TAO_USDT−0.689%+0.0100%4h$100.0M$102.6M300xas long as short
Katana Perps TAO-USD−0.682%+0.0100%8h$2K$299K5xas long as short
edgeX TAOUSDC−0.681%+0.0100%4h$32K$288K10xas long as short
Popdex TAOUSDT−0.671%+0.0096%1h$49K$459K20xas long as short
Pacifica TAO−0.668%+0.0100%1h$332K$371K10xas long as short
RISEx TAO/USDC−0.644%+0.0553%1h$333K$424K5xas long as short
BloFin TAO-USDT−0.633%+0.0340%4h$4.1M$7.1M100xas long as short
Bybit TAOUSDT−0.630%+0.0100%4h$53.4M$84.6M50xas long as short
01 Exchange TAOUSD−0.623%+0.0504%1h$3K$6K5xas long as short
Aster TAOUSDT−0.589%+0.0100%4h$1.6M$4.9M50xas long as short
Arcus TAO-USD−0.564%+0.0100%1h$122K$571K5xas long as short
Lighter TAO−0.488%+0.0840%1h$1.4M$1.9M5xas long as short
Hyperliquid TAO−0.481%+0.1045%1h$78.9M$52.0M5xas long as short
Nado TAO-PERP−0.459%+0.0618%1h$1.1M$1.1M10xas long as short
Orderly PERP_TAO_USDC−0.401%+0.0100%4h$52K$146K10xas long as short
Backpack TAO_USDC_PERP−0.374%+0.0104%1h$300K$399K10xas long as short
Phemex TAOUSDT−0.370%+0.1145%4h$3.0M$7.4M50xas long as short
Deribit TAO_USDC-PERPETUAL−0.368%+0.0014%1h$33K$892K25xas long as short
SunX TAO-USDT−0.356%+0.0100%4h$2K$1.6M20xas long as short
Reya TAORUSDPERP−0.331%+0.0692%1h$331—20xas long as short
Kraken Futures PF_TAOUSD−0.328%+0.0047%1h$5.5M$13.5M50xas long as short
HTX TAO-USDT−0.315%+0.0100%4h$118K$313K20xas long as short
Aevo TAO-PERPshort−0.312%+0.0104%1h$158K$9983x
gTrade (Gains Network) TAO/USD−0.282%L +0.0004% / S −0.0004%1h$9K—150xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.271%L +0.0468% / S −0.0189%1h$427K—100xas long as short
Bulk TAO-USD−0.197%−0.1463%1h$151K$010xas long as short
Bullet TAO-USD−0.190%+0.0100%1h$10K$17K20xas long as short
Coinbase International TAO-PERP-INTX−0.176%+0.0920%1h$1.4M$4.2M50xas long as short
Phoenix TAOlong0.000%+0.0332%1h$307K$157K5x
Variational Omni TAO+0.102%+0.0100%4h$3.4M$4.6M—as long as short
Injective TAO/USDC PERP+1.377%+0.3912%1h$21K$87K12xas long as short