Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0554%/8h= −60.7% APRpaid last 24h −0.080%

Price spread now: Katana Perps against 01 Exchange−0.095%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Katana Perps

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

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Katana Perps is 0.095% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	315.27	0.0672	pay 0.0084% / 1h	17m 40s	$3K	$4K	5x
Short	Katana Perps TAO-USD	314.97	0.0118	get 0.0118% / 8h	6h 17m	$2K	$712K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$116.42
Price spread: −0.095% → 0.000%: −$9.52
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$136.74
Costs to cover: 0.108%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Katana Perps: no order-book sample. 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 Katana Perps no order-book sample	—	—	—	—	—

01 Exchange and Katana Perps: 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 42 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
dYdX TAO-USD	0.0000%	1h	315.05	−0.071%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.21	−0.018%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.02	−0.079%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.61	+0.108%	$90.6M	$467.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.30	+0.010%	$26.1M	$113.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.00	−0.086%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.24	−0.010%	$111.6M	$139.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.41	+0.044%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.95	−0.102%	$35.1M	$53.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.73	+0.146%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	315.68	+0.130%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	+0.060%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.87	+0.190%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.47	+0.063%	$129K	$473K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.49	+0.070%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.79	+0.165%	$173K	$998	3x	as long as short
Katana Perps TAO-USDshort	+0.0118%	8h	314.97	−0.095%	$2K	$712K	5x
Polymarket Perps TAO-USD	+0.0119%	1h	315.02	−0.079%	$80K	$681K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.89	+0.196%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	315.24	−0.008%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.584%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0247%	1h	315.65	+0.121%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0259%	4h	315.23	−0.011%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.42	+0.048%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.40	+0.041%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0364%	8h	315.55	+0.087%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.078%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0528%	1h	315.05	−0.071%	$786K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.30	+0.644%	$332K	$681K	5x	as long as short
01 Exchange TAOUSDlong	+0.0672%	1h	315.27	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	315.21	−0.018%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0796%	4h	315.23	−0.013%	—	$30.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0811%	1h	315.99	+0.229%	$22K	$1.5M	25x	as long as short
Bybit TAOUSDT	+0.0824%	4h	315.39	+0.038%	$66.3M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	+0.145%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.11	−0.050%	$902K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.64	+0.117%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.30	+0.327%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.06	−0.066%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1335%	1h	315.95	+0.216%	$100.4M	$95.2M	5x	as long as short
Lighter TAO	+0.1432%	1h	316.03	+0.242%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.006%	$164K	$40K	10x	as long as short