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−$46
spread now−0.079%7d average−0.138%fees + slippage, in and out−$51spread needed0.515%
Long on PhoenixShort on Pacifica
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO289.900.0364pay 0.0045% / 1h6m 39s$308K$149K5x
ShortPacifica TAO289.670.0100get 0.0013% / 1h6m 39s$337K$369K10x

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
−$7.87
Funding while held
−$7.92
Slippage, 4 orders
−$36.48
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$67.27
Spread needed to break even
0.515%
Slippage from Phoenix: live order book, 41 min ago; Pacifica: live order book, 43 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, 41 min ago3.49 bp10.2 bp −$1022.0 bp −$220doesn't fitdoesn't fit
Sell Pacifica live order book, 43 min ago2.61 bp10.7 bp −$11doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bulk284.20cheapestHTX288.37+1.467%Deribit288.62+1.554%gTrade (Gains Network)288.69+1.580%GMX288.70+1.583%Orderly288.71+1.587%Phemex288.73+1.594%SunX288.74+1.597%BloFin288.82+1.626%Kraken Futures288.82+1.627%Bullet289.01+1.692%Aevo289.07+1.713%Backpack289.07+1.714%Reya289.14+1.738%dYdX289.24+1.773%Nado289.25+1.776%Bitget289.27+1.784%KuCoin289.28+1.787%edgeX289.36+1.817%Paradex289.39+1.825%OKX289.40+1.830%Gate289.40+1.830%BingX289.41+1.833%MEXC289.46+1.851%Extended289.48+1.856%Aster289.50+1.864%Popdex289.53+1.875%Binance289.56+1.885%Variational Omni289.57+1.890%Polymarket Perps289.58+1.893%ApeX Omni289.61+1.904%RISEx289.63+1.912%Bybit289.67+1.925%
Pacifica289.67+1.925%
Katana Perps289.69+1.932%Hyperliquid289.77+1.960%Arcus289.79+1.967%01 Exchange289.87+1.995%Lighter289.88+1.999%
Phoenix289.90+2.006%
Injective290.66+2.273%Coinbase International291.72+2.646%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−1.966%−0.1985%1h$149K$010xas long as short
HTX TAO-USDT−0.528%+0.0100%4h$118K$312K20xas long as short
Deribit TAO_USDC-PERPETUAL−0.443%0.0000%1h$26K$894K25xas long as short
gTrade (Gains Network) TAO/USD−0.417%L +0.0004% / S −0.0004%1h$9K—150xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.414%L +0.0467% / S −0.0189%1h$428K—100xas long as short
Orderly PERP_TAO_USDC−0.410%+0.0100%4h$52K$146K10xas long as short
Phemex TAOUSDT−0.404%+0.0100%4h$3.0M$7.5M50xas long as short
SunX TAO-USDT−0.400%+0.0100%4h$1K$1.6M20xas long as short
BloFin TAO-USDT−0.373%+0.0340%4h$4.1M$7.2M100xas long as short
Kraken Futures PF_TAOUSD−0.372%+0.0285%1h$5.5M$13.6M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet TAO-USD−0.307%+0.0100%1h$10K$17K20xas long as short
Aevo TAO-PERP−0.286%+0.0104%1h$159K$9983xas long as short
Backpack TAO_USDC_PERP−0.286%+0.0100%1h$301K$401K10xas long as short
Reya TAORUSDPERP−0.262%+0.0692%1h$333—20xas long as short
dYdX TAO-USD−0.228%+0.0121%1h$73K$55K5xas long as short
Nado TAO-PERP−0.225%+0.0205%1h$1.1M$1.1M10xas long as short
Bitget TAOUSDT−0.217%+0.0032%4h$32.7M$36.4M50xas long as short
KuCoin TAOUSDTM−0.214%+0.0100%4h$18.1M$18.7M75xas long as short
edgeX TAOUSDC−0.185%+0.0100%4h$32K$287K10xas long as short
Paradex TAO-USD-PERP−0.177%+0.0108%8h$13K$37610xas long as short
OKX TAO-USDT-SWAP−0.172%+0.0100%8h$23.3M$68.1M50xas long as short
Gate TAO_USDT−0.172%+0.0098%4h$11.4M$46.5M50xas long as short
BingX TAO-USDT−0.169%+0.0100%4h—$29.2M—as long as short
MEXC TAO_USDT−0.152%+0.0100%4h$108.0M$103.6M300xas long as short
Extended TAO-USD−0.147%+0.0104%1h$779K$1.3M25xas long as short
Aster TAOUSDT−0.139%+0.0100%4h$1.6M$4.9M50xas long as short
Popdex TAOUSDT−0.128%+0.0096%1h$47K$456K20xas long as short
Binance TAOUSDT−0.119%+0.0100%4h$81.7M$323.2M75xas long as short
Variational Omni TAO−0.113%+0.0100%4h$3.4M$4.6M—as long as short
Polymarket Perps TAO-USD−0.110%+0.0100%1h$76K$1.1M5xas long as short
ApeX Omni TAOUSDT−0.100%+0.0100%1h$43K$266K50xas long as short
RISEx TAO/USDC−0.091%+0.0517%1h$330K$420K5xas long as short
Bybit TAOUSDT−0.079%+0.0100%4h$54.1M$85.3M50xas long as short
Pacifica TAOshort−0.079%+0.0100%1h$337K$369K10x
Katana Perps TAO-USD−0.072%+0.0100%8h$3K$289K5xas long as short
Hyperliquid TAO−0.045%+0.0579%1h$79.8M$52.3M5xas long as short
Arcus TAO-USD−0.038%+0.0100%1h$123K$570K5xas long as short
01 Exchange TAOUSD−0.010%+0.0272%1h$3K$6K5xas long as short
Lighter TAO−0.007%+0.0120%1h$1.4M$1.9M5xas long as short
Phoenix TAOlong0.000%+0.0364%1h$308K$149K5x
Injective TAO/USDC PERP+0.262%+0.3146%1h$21K$125K12xas long as short
Coinbase International TAO-PERP-INTX+0.628%+0.0920%1h$1.5M$4.2M50xas long as short