data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

TAO

all TAO markets
SwapFunding view
Alert
My alerts

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−$30
spread now+0.191%7d average−0.136%fees + slippage, in and out−$63spread needed0.631%
Long on PhoenixShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO283.400.0364pay 0.0045% / 1h32m 59s$301K$149K5x
ShortKuCoin TAOUSDTM283.940.0100get 0.0050% / 4h32m 59s$17.3M$18.0M75x

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
$19.05
Funding while held
−$7.92
Slippage, 4 orders
−$44.12
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$51.98
Spread needed to break even
0.631%
Slippage from Phoenix: live order book, 15 min ago; KuCoin: live order book, 2 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, 15 min ago3.49 bp10.2 bp −$1022.0 bp −$220doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago1.06 bp18.8 bp −$1945.1 bp −$451doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
ApeX Omni282.91cheapestedgeX283.01+0.036%Bulk283.11+0.071%Variational Omni283.31+0.141%
Phoenix283.40+0.173%
Bitget283.42+0.180%Extended283.47+0.199%OKX283.70+0.279%HTX283.78+0.308%Gate283.80+0.315%
KuCoin283.94+0.364%
Katana Perps283.96+0.371%BingX283.96+0.371%Binance283.97+0.375%Bullet283.97+0.375%BloFin283.97+0.375%MEXC283.98+0.378%Backpack283.98+0.378%Reya284.00+0.385%Kraken Futures284.01+0.389%Bybit284.01+0.389%Nado284.04+0.399%Orderly284.04+0.399%GMX284.06+0.406%SunX284.07+0.410%Polymarket Perps284.08+0.414%Aevo284.10+0.421%Deribit284.11+0.425%Phemex284.13+0.431%01 Exchange284.16+0.442%gTrade (Gains Network)284.16+0.442%Aster284.16+0.444%Popdex284.18+0.449%dYdX284.19+0.451%Hyperliquid284.19+0.452%Arcus284.20+0.456%RISEx284.22+0.463%Lighter284.22+0.464%Paradex284.22+0.464%Pacifica284.28+0.483%Coinbase International285.05+0.756%Injective287.53+1.633%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni TAOUSDT−0.173%+0.0100%1h$42K$267K50xas long as short
edgeX TAOUSDC−0.137%+0.0100%4h$32K$287K10xas long as short
Bulk TAO-USD−0.102%−0.0681%1h$148K$010xas long as short
Variational Omni TAO−0.032%+0.0100%4h$3.3M$4.5M—as long as short
Phoenix TAOlong0.000%+0.0364%1h$301K$149K5x
Bitget TAOUSDT+0.007%+0.0080%4h$31.9M$35.5M50xas long as short
Extended TAO-USD+0.026%+0.0104%1h$758K$1.3M25xas long as short
OKX TAO-USDT-SWAP+0.106%+0.0100%8h$22.9M$65.2M50xas long as short
HTX TAO-USDT+0.134%+0.0100%4h$116K$310K20xas long as short
Gate TAO_USDT+0.141%+0.0100%4h$11.2M$45.3M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin TAOUSDTMshort+0.191%+0.0100%4h$17.3M$18.0M75x
Katana Perps TAO-USD+0.198%+0.0100%8h$641$280K5xas long as short
BingX TAO-USDT+0.198%+0.0100%4h—$28.6M—as long as short
Binance TAOUSDT+0.201%+0.0100%4h$80.1M$315.8M75xas long as short
Bullet TAO-USD+0.201%+0.0100%1h$10K$17K20xas long as short
BloFin TAO-USDT+0.201%+0.0340%4h$4.1M$7.0M100xas long as short
MEXC TAO_USDT+0.205%+0.0100%4h$111.1M$98.7M300xas long as short
Backpack TAO_USDC_PERP+0.205%+0.0100%1h$305K$395K10xas long as short
Reya TAORUSDPERP+0.211%+0.0692%1h$327—20xas long as short
Kraken Futures PF_TAOUSD+0.215%+0.0290%1h$5.4M$13.4M50xas long as short
Bybit TAOUSDT+0.215%+0.0100%4h$51.3M$82.5M50xas long as short
Nado TAO-PERP+0.225%+0.0208%1h$1.0M$1.1M10xas long as short
Orderly PERP_TAO_USDC+0.226%+0.0100%4h$51K$146K10xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.232%L +0.0463% / S −0.0189%1h$421K—100xas long as short
SunX TAO-USDT+0.236%+0.0100%4h$1K$1.6M20xas long as short
Polymarket Perps TAO-USD+0.240%+0.0100%1h$73K$1.1M5xas long as short
Aevo TAO-PERP+0.247%+0.0104%1h$156K$9983xas long as short
Deribit TAO_USDC-PERPETUAL+0.252%0.0000%1h$36K$905K25xas long as short
Phemex TAOUSDT+0.258%+0.0100%4h$3.0M$7.5M50xas long as short
01 Exchange TAOUSD+0.268%+0.0200%1h$5K$4K5xas long as short
gTrade (Gains Network) TAO/USD+0.269%L +0.0004% / S −0.0012%1h$18K—150xas long as short
Aster TAOUSDT+0.270%+0.0100%4h$1.6M$4.9M50xas long as short
Popdex TAOUSDT+0.275%+0.0096%1h$43K$450K20xas long as short
dYdX TAO-USD+0.277%+0.0217%1h$72K$55K5xas long as short
Hyperliquid TAO+0.279%+0.0204%1h$74.8M$49.0M5xas long as short
Arcus TAO-USD+0.282%+0.0100%1h$121K$570K5xas long as short
RISEx TAO/USDC+0.290%+0.0517%1h$300K$409K5xas long as short
Lighter TAO+0.290%+0.0096%1h$1.3M$1.8M5xas long as short
Paradex TAO-USD-PERP+0.290%+0.0102%8h$13K$37610xas long as short
Pacifica TAO+0.310%+0.0100%1h$331K$369K10xas long as short
Coinbase International TAO-PERP-INTX+0.582%+0.0920%1h$1.4M$4.1M50xas long as short
Injective TAO/USDC PERP+1.457%+0.3146%1h$21K$125K12xas long as short