Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0226%/8h= −24.8% APRpaid last 24h −0.080%

Price spread now: Bybit against 01 Exchange+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bybit is 0.038% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	317.51	0.0624	pay 0.0078% / 1h	29m 26s	$3K	$4K	5x
Short	Bybit TAOUSDT	317.63	0.0398	get 0.0199% / 4h	3h 29m	$65.4M	$132.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee BybitbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$47.53
Price spread: +0.038% → 0.000%: $3.78
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$61.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.16 bp	10.8 bp −$11	17.4 bp −$174	32.7 bp −$3,274	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1322%	1h	319.84	+0.734%	$170K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.06	−0.142%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.14	−0.118%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.24	−0.085%	$43K	$591K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.34	−0.054%	$91.2M	$447.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.066%	$26.0M	$108.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.10	−0.129%	$12.9M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.36	−0.047%	$108.2M	$134.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.31	−0.063%	$18.1M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.19	−0.101%	$35.3M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	318.26	+0.235%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.310%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.32	−0.060%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.19	−0.101%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.41	−0.031%	$127K	$424K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.28	−0.072%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.51	−0.001%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.36	−0.047%	$2K	$624K	5x	as long as short
Bullet TAO-USD	+0.0136%	1h	317.45	−0.019%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0161%	1h	317.26	−0.078%	$17K	$1.5M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	317.09	−0.133%	$456K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.22	−0.090%	$375K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.57	+0.019%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0222%	4h	317.15	−0.114%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	317.37	−0.043%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0305%	1h	317.60	+0.028%	$93K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.00	+0.154%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDTshort	+0.0398%	4h	317.63	+0.038%	$65.4M	$132.9M	50x
BingX TAO-USDT	+0.0428%	4h	317.36	−0.047%	—	$30.8M	—	as long as short
Variational Omni TAO	+0.0436%	4h	318.35	+0.263%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0483%	1h	317.40	−0.033%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	320.00	+0.784%	$335K	$624K	5x	as long as short
ApeX Omni TAOUSDT	+0.0552%	1h	320.00	+0.784%	$48K	$266K	50x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.720%	$23K	$678	12x	as long as short
01 Exchange TAOUSDlong	+0.0624%	1h	317.51	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0695%	1h	317.43	−0.026%	$365	—	20x	as long as short
Nado TAO-PERP	+0.0792%	1h	317.47	−0.011%	$883K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0870%	1h	317.56	+0.016%	$321K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.00	+0.154%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.39	−0.036%	$422K	$600K	5x	as long as short
Extended TAO-USD	+0.1152%	1h	317.26	−0.077%	$927K	$2.3M	25x	as long as short
Lighter TAO	+0.1360%	1h	317.70	+0.061%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2156%	1h	317.83	+0.101%	$102.4M	$91.1M	5x	as long as short