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−$60
spread now+0.014%7d average−0.119%fees + slippage, in and out−$73spread needed0.730%
Long on PhoenixShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix TAO288.200.0332pay 0.0042% / 1h42m 54s$306K$157K5x
ShortPhemex TAOUSDT288.240.0100get 0.0050% / 4h3h 42m$3.0M$7.4M50x

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
$1.39
Funding while held
−$6.96
Slippage, 4 orders
−$54
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$78.57
Spread needed to break even
0.730%
Slippage from Phoenix: live order book, 65 min ago; Phemex: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0232%
Per $10,000 a day
−$6.96
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, 65 min ago3.49 bp10.2 bp −$1022.0 bp −$220doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago5.74 bp25.9 bp −$26doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Bulk287.27cheapestApeX Omni287.45+0.063%Variational Omni287.54+0.093%edgeX287.58+0.109%Bitget288.11+0.292%Aster288.18+0.316%
Phoenix288.20+0.324%
Kraken Futures288.24+0.336%dYdX288.24+0.338%
Phemex288.24+0.338%
Deribit288.27+0.348%KuCoin288.28+0.352%Extended288.32+0.364%HTX288.32+0.366%Orderly288.34+0.372%SunX288.37+0.383%MEXC288.39+0.390%Backpack288.39+0.390%gTrade (Gains Network)288.39+0.391%Gate288.40+0.393%BloFin288.41+0.397%GMX288.42+0.400%Aevo288.45+0.413%Pacifica288.46+0.414%Paradex288.49+0.426%OKX288.50+0.428%Lighter288.52+0.434%Bullet288.52+0.435%Nado288.52+0.436%Katana Perps288.53+0.439%Binance288.58+0.455%Popdex288.60+0.463%Reya288.62+0.472%Hyperliquid288.65+0.480%BingX288.66+0.484%Polymarket Perps288.71+0.501%RISEx288.76+0.519%Arcus288.83+0.543%Bybit288.85+0.550%01 Exchange288.86+0.554%Coinbase International289.17+0.661%Injective291.94+1.626%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.323%−0.1169%1h$150K$010xas long as short
ApeX Omni TAOUSDT−0.260%+0.0100%1h$43K$266K50xas long as short
Variational Omni TAO−0.230%+0.0100%4h$3.4M$4.6M—as long as short
edgeX TAOUSDC−0.214%+0.0100%4h$32K$289K10xas long as short
Bitget TAOUSDT−0.031%+0.0054%4h$32.7M$36.5M50xas long as short
Aster TAOUSDT−0.008%+0.0100%4h$1.6M$5.0M50xas long as short
Phoenix TAOlong0.000%+0.0332%1h$306K$157K5x
Kraken Futures PF_TAOUSD+0.013%+0.0047%1h$5.4M$14.0M50xas long as short
dYdX TAO-USD+0.014%0.0000%1h$73K$41K5xas long as short
Phemex TAOUSDTshort+0.014%+0.0100%4h$3.0M$7.4M50x
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Deribit TAO_USDC-PERPETUAL+0.024%+0.0168%1h$34K$898K25xas long as short
KuCoin TAOUSDTM+0.028%+0.0100%4h$18.4M$19.7M75xas long as short
Extended TAO-USD+0.040%+0.0104%1h$775K$1.3M25xas long as short
HTX TAO-USDT+0.042%+0.0100%4h$118K$314K20xas long as short
Orderly PERP_TAO_USDC+0.049%+0.0100%4h$52K$146K10xas long as short
SunX TAO-USDT+0.059%+0.0100%4h$1K$1.6M20xas long as short
MEXC TAO_USDT+0.066%+0.0100%4h$101.4M$103.1M300xas long as short
Backpack TAO_USDC_PERP+0.066%+0.0141%1h$273K$409K10xas long as short
gTrade (Gains Network) TAO/USD+0.067%L +0.0004% / S −0.0008%1h$14K—150xas long as short
Gate TAO_USDT+0.069%+0.0100%4h$11.4M$43.5M50xas long as short
BloFin TAO-USDT+0.073%+0.0340%4h$4.1M$7.0M100xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.076%L +0.0468% / S −0.0189%1h$428K—100xas long as short
Aevo TAO-PERP+0.088%+0.0104%1h$158K$9983xas long as short
Pacifica TAO+0.090%+0.0100%1h$334K$371K10xas long as short
Paradex TAO-USD-PERP+0.102%+0.0116%8h$13K$37610xas long as short
OKX TAO-USDT-SWAP+0.104%+0.0100%8h$23.2M$68.0M50xas long as short
Lighter TAO+0.110%+0.0792%1h$1.4M$1.9M5xas long as short
Bullet TAO-USD+0.111%+0.0100%1h$9K$17K20xas long as short
Nado TAO-PERP+0.112%+0.0414%1h$1.1M$1.1M10xas long as short
Katana Perps TAO-USD+0.115%+0.0100%8h$633$303K5xas long as short
Binance TAOUSDT+0.131%+0.0100%4h$80.8M$324.3M75xas long as short
Popdex TAOUSDT+0.139%+0.0096%1h$50K$458K20xas long as short
Reya TAORUSDPERP+0.147%+0.0692%1h$332—20xas long as short
Hyperliquid TAO+0.156%+0.1039%1h$79.2M$52.1M5xas long as short
BingX TAO-USDT+0.160%+0.0100%4h—$28.0M—as long as short
Polymarket Perps TAO-USD+0.177%+0.0100%1h$75K$1.1M5xas long as short
RISEx TAO/USDC+0.194%+0.0553%1h$335K$423K5xas long as short
Arcus TAO-USD+0.219%+0.0100%1h$123K$568K5xas long as short
Bybit TAOUSDT+0.226%+0.0100%4h$53.7M$84.4M50xas long as short
01 Exchange TAOUSD+0.229%+0.0504%1h$3K$6K5xas long as short
Coinbase International TAO-PERP-INTX+0.337%+0.0920%1h$1.4M$4.2M50xas long as short
Injective TAO/USDC PERP+1.298%+0.3912%1h$21K$87K12xas long as short