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−$58
spread now−0.140%7d average−0.178%fees + slippage, in and out−$62spread needed0.621%
Long on PhoenixShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO286.200.0364pay 0.0045% / 1h46m 36s$304K$149K5x
ShortGate TAO_USDT285.800.0100get 0.0050% / 4h46m 36s$11.3M$44.8M50x

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
−$13.98
Funding while held
−$7.92
Slippage, 4 orders
−$40.14
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$84.04
Spread needed to break even
0.621%
Slippage from Phoenix: live order book, 66 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0264%
Per $10,000 a day
−$7.92
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, 66 min ago3.54 bp13.0 bp −$1325.2 bp −$252doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago3.48 bp14.7 bp −$1532.5 bp −$32551.4 bp −$5,14281.5 bp −$40.8K

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bitget285.72cheapestPopdex285.76+0.014%
Gate285.80+0.028%
Paradex285.84+0.043%Bulk285.88+0.058%OKX285.90+0.063%01 Exchange285.92+0.070%MEXC285.92+0.070%Extended285.93+0.073%KuCoin285.94+0.077%Nado285.98+0.092%BingX285.99+0.094%Binance286.01+0.102%Aster286.02+0.105%dYdX286.02+0.105%Polymarket Perps286.02+0.105%Bybit286.04+0.112%Pacifica286.05+0.117%Reya286.07+0.123%RISEx286.07+0.124%HTX286.08+0.126%Variational Omni286.13+0.143%Bullet286.14+0.147%Katana Perps286.20+0.168%
Phoenix286.20+0.168%
Lighter286.24+0.183%GMX286.25+0.184%gTrade (Gains Network)286.28+0.195%Phemex286.30+0.203%SunX286.31+0.206%Hyperliquid286.33+0.213%BloFin286.33+0.213%Deribit286.34+0.218%Aevo286.34+0.219%Orderly286.35+0.220%Arcus286.36+0.224%Kraken Futures286.36+0.225%Backpack286.62+0.315%edgeX287.08+0.478%ApeX Omni287.19+0.514%Coinbase International288.37+0.927%Injective288.92+1.120%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget TAOUSDT−0.168%+0.0100%4h$32.2M$35.5M50xas long as short
Popdex TAOUSDT−0.154%+0.0096%1h$43K$450K20xas long as short
Gate TAO_USDTshort−0.140%+0.0100%4h$11.3M$44.8M50x
Paradex TAO-USD-PERP−0.125%+0.0103%8h$13K$37610xas long as short
Bulk TAO-USD−0.110%−0.0932%1h$150K$010xas long as short
OKX TAO-USDT-SWAP−0.105%+0.0100%8h$23.1M$65.6M50xas long as short
01 Exchange TAOUSD−0.098%+0.0280%1h$5K$4K5xas long as short
MEXC TAO_USDT−0.098%+0.0100%4h$109.4M$97.2M300xas long as short
Extended TAO-USD−0.095%+0.0104%1h$772K$1.3M25xas long as short
KuCoin TAOUSDTM−0.091%+0.0100%4h$17.4M$18.0M75xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Nado TAO-PERP−0.076%+0.0234%1h$1.1M$1.1M10xas long as short
BingX TAO-USDT−0.073%+0.0100%4h—$28.5M—as long as short
Binance TAOUSDT−0.066%+0.0100%4h$80.5M$313.8M75xas long as short
Aster TAOUSDT−0.063%+0.0100%4h$1.7M$4.9M50xas long as short
dYdX TAO-USD−0.063%+0.0049%1h$73K$55K5xas long as short
Polymarket Perps TAO-USD−0.063%+0.0100%1h$73K$1.1M5xas long as short
Bybit TAOUSDT−0.056%+0.0100%4h$52.0M$82.2M50xas long as short
Pacifica TAO−0.051%+0.0100%1h$333K$369K10xas long as short
Reya TAORUSDPERP−0.045%+0.0692%1h$329—20xas long as short
RISEx TAO/USDC−0.044%+0.0517%1h$310K$405K5xas long as short
HTX TAO-USDT−0.042%+0.0100%4h$117K$310K20xas long as short
Variational Omni TAO−0.025%+0.0100%4h$3.3M$4.5M—as long as short
Bullet TAO-USD−0.021%+0.0100%1h$10K$17K20xas long as short
Katana Perps TAO-USD0.000%+0.0100%8h$3K$278K5xas long as short
Phoenix TAOlong0.000%+0.0364%1h$304K$149K5x
Lighter TAO+0.015%+0.0096%1h$1.3M$1.8M5xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.016%L +0.0470% / S −0.0193%1h$428K—100xas long as short
gTrade (Gains Network) TAO/USD+0.027%L +0.0004% / S −0.0012%1h$18K—150xas long as short
Phemex TAOUSDT+0.035%+0.0100%4h$3.0M$7.6M50xas long as short
SunX TAO-USDT+0.038%+0.0100%4h$2K$1.6M20xas long as short
Hyperliquid TAO+0.045%+0.0410%1h$75.6M$48.7M5xas long as short
BloFin TAO-USDT+0.045%+0.0340%4h$4.1M$7.0M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.050%0.0000%1h$27K$886K25xas long as short
Aevo TAO-PERP+0.051%+0.0104%1h$157K$9983xas long as short
Orderly PERP_TAO_USDC+0.052%+0.0100%4h$51K$146K10xas long as short
Arcus TAO-USD+0.056%+0.0100%1h$123K$571K5xas long as short
Kraken Futures PF_TAOUSD+0.057%+0.0287%1h$5.6M$13.1M50xas long as short
Backpack TAO_USDC_PERP+0.147%+0.0100%1h$405K$341K10xas long as short
edgeX TAOUSDC+0.309%+0.0100%4h$32K$287K10xas long as short
ApeX Omni TAOUSDT+0.346%+0.0100%1h$44K$266K50xas long as short
Coinbase International TAO-PERP-INTX+0.758%+0.0920%1h$1.5M$4.1M50xas long as short
Injective TAO/USDC PERP+0.950%+0.3146%1h$21K$125K12xas long as short