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−$123
spread now−0.767%7d average−0.116%fees + slippage, in and out−$58spread needed0.584%
Long on PhoenixShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO279.100.0476pay 0.0060% / 1h2m 53s$296K$159K5x
ShortBloFin TAO-USDT276.960.0340get 0.0170% / 4h2h 02m$3.9M$6.8M100x

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
−$76.68
Funding while held
−$4.09
Slippage, 4 orders
−$39.36
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$139.12
Spread needed to break even
0.584%
Slippage from Phoenix: live order book, 35 min ago; BloFin: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0136%
Per $10,000 a day
−$4.09
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, 35 min ago3.53 bp10.2 bp −$1020.7 bp −$207doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago5.20 bp17.3 bp −$1724.2 bp −$24241.5 bp −$4,147doesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
BloFin276.96cheapest
GMX278.01+0.379%Nado278.03+0.386%Popdex278.03+0.386%Paradex278.03+0.387%Bullet278.07+0.400%Katana Perps278.07+0.401%Polymarket Perps278.08+0.404%gTrade (Gains Network)278.11+0.415%Reya278.12+0.417%Aevo278.15+0.429%Arcus278.22+0.455%RISEx278.23+0.459%Deribit278.25+0.466%01 Exchange278.26+0.469%SunX278.26+0.469%Pacifica278.27+0.473%dYdX278.28+0.477%Bitget278.28+0.477%Gate278.30+0.484%Orderly278.31+0.487%HTX278.32+0.491%Kraken Futures278.32+0.492%Phemex278.33+0.495%OKX278.40+0.520%Aster278.43+0.529%BingX278.46+0.542%Lighter278.46+0.543%Extended278.47+0.546%KuCoin278.52+0.563%Binance278.54+0.570%MEXC278.55+0.574%Bybit278.58+0.585%ApeX Omni278.59+0.589%Coinbase International278.62+0.599%Backpack278.64+0.607%Hyperliquid278.71+0.632%
Phoenix279.10+0.773%
Variational Omni279.76+1.011%edgeX280.12+1.140%Bulk281.43+1.614%Injective285.59+3.116%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin TAO-USDTshort−0.767%+0.0340%4h$3.9M$6.8M100x
GMX TAO/USD [WBTC.b-USDC]−0.391%L +0.0470% / S −0.0197%1h$423K—100xas long as short
Nado TAO-PERP−0.383%+0.0142%1h$976K$1.2M10xas long as short
Popdex TAOUSDT−0.383%+0.0096%1h$39K$453K20xas long as short
Paradex TAO-USD-PERP−0.383%+0.0104%8h$13K$37610xas long as short
Bullet TAO-USD−0.370%+0.0100%1h$10K$17K20xas long as short
Katana Perps TAO-USD−0.369%+0.0100%8h$3K$312K5xas long as short
Polymarket Perps TAO-USD−0.365%+0.0100%1h$79K$698K5xas long as short
gTrade (Gains Network) TAO/USD−0.355%L +0.0004% / S −0.0004%1h$9K—150xas long as short
Reya TAORUSDPERP−0.352%+0.0693%1h$320—20xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo TAO-PERP−0.341%+0.0104%1h$153K$9983xas long as short
Arcus TAO-USD−0.315%+0.0100%1h$116K$572K5xas long as short
RISEx TAO/USDC−0.312%+0.0673%1h$311K$431K5xas long as short
Deribit TAO_USDC-PERPETUAL−0.305%0.0000%1h$33K$957K25xas long as short
01 Exchange TAOUSD−0.301%+0.0352%1h$3K$4K5xas long as short
SunX TAO-USDT−0.301%+0.0100%4h$1K$1.6M20xas long as short
Pacifica TAO−0.298%+0.0100%1h$321K$371K10xas long as short
dYdX TAO-USD−0.294%+0.0003%1h$71K$35K5xas long as short
Bitget TAOUSDT−0.294%+0.0100%4h$31.4M$36.1M50xas long as short
Gate TAO_USDT−0.287%+0.0100%4h$10.9M$44.1M50xas long as short
Orderly PERP_TAO_USDC−0.283%+0.0100%4h$54K$197K10xas long as short
HTX TAO-USDT−0.279%+0.0100%4h$114K$322K20xas long as short
Kraken Futures PF_TAOUSD−0.278%+0.0013%1h$5.0M$14.0M50xas long as short
Phemex TAOUSDT−0.276%+0.0100%4h$2.9M$7.3M50xas long as short
OKX TAO-USDT-SWAP−0.251%+0.0100%8h$22.0M$65.9M50xas long as short
Aster TAOUSDT−0.241%+0.0100%4h$1.6M$4.8M50xas long as short
BingX TAO-USDT−0.229%+0.0100%4h—$28.4M—as long as short
Lighter TAO−0.228%+0.0184%1h$1.2M$2.1M5xas long as short
Extended TAO-USD−0.225%+0.0104%1h$745K$1.3M25xas long as short
KuCoin TAOUSDTM−0.208%+0.0100%4h$16.6M$19.8M75xas long as short
Binance TAOUSDT−0.201%+0.0100%4h$75.7M$322.3M75xas long as short
MEXC TAO_USDT−0.197%+0.0100%4h$96.9M$105.5M300xas long as short
Bybit TAOUSDT−0.186%+0.0100%4h$48.7M$84.4M50xas long as short
ApeX Omni TAOUSDT−0.183%+0.0100%1h$42K$264K50xas long as short
Coinbase International TAO-PERP-INTX−0.172%+0.0936%1h$1.4M$3.8M50xas long as short
Backpack TAO_USDC_PERP−0.165%+0.0100%1h$317K$462K10xas long as short
Hyperliquid TAO−0.140%+0.0684%1h$76.4M$53.5M5xas long as short
Phoenix TAOlong0.000%+0.0476%1h$296K$159K5x
Variational Omni TAO+0.236%+0.0100%4h$2.9M$4.9M—as long as short
edgeX TAOUSDC+0.365%+0.0100%4h$36K$271K10xas long as short
Bulk TAO-USD+0.835%+0.0551%1h$147K$010xas long as short
Injective TAO/USDC PERP+2.325%+0.3793%1h$21K$59K12xas long as short