Funding arb · Price arb /

TAIKO

all TAIKO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate+0.054%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$434as in the Funding arb table

Net, price: spread back to 7d avg − costs−$431as in the Price arb table

costs, in and out, $10k−$4344.343% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.054%, 7d avg +0.026%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAIKO_USDT	0.09190	0.0100	pay 0.0050% / 4h	1h 44m	$141K	$285K	50x
Short	Bybit TAIKOUSDT	0.09195	0.0100	get 0.0100% / 8h	5h 44m	$1.0M	$859K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.026%: $2.89
Slippage, 4 orders: −$408.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$431.42
Costs to cover: 4.343%
Break-even: never at this rate

Slippage from Gate: live order book, 12 min ago; Bybit: live order book, 1 min ago.

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 Gate live order book, 12 min ago	5.43 bp	161.4 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.98 bp	66.2 bp −$66	doesn't fit	doesn't fit	doesn't fit

TAIKO on 10 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
Injective TAIKO/USDC PERP	+0.0033%	1h	0.09080	−1.197%	$82	$44K	5.5x	as long as short
Aster TAIKOUSDT	+0.0100%	4h	0.09183	−0.073%	$2K	$1K	5x	as long as short
Binance TAIKOUSDT	+0.0100%	4h	0.09197	+0.076%	$1.4M	$2.0M	20x	as long as short
Bybit TAIKOUSDTshort	+0.0100%	8h	0.09195	+0.054%	$1.0M	$859K	20x
Gate TAIKO_USDTlong	+0.0100%	4h	0.09190	long leg	$141K	$285K	50x
MEXC TAIKO_USDT	+0.0100%	4h	0.09207	+0.185%	$438K	$96K	20x	as long as short
KuCoin TAIKOUSDTM	+0.0100%	4h	0.09210	+0.218%	$377K	$51K	20x	as long as short
Bitget TAIKOUSDT	+0.0100%	4h	0.09174	−0.174%	$921K	$110K	20x	as long as short
BingX TAIKO-USDT	+0.0100%	4h	0.09201	+0.120%	—	$2.3M	—	as long as short
Variational Omni TAIKO	+0.0100%	8h	0.09183	−0.072%	$2K	$2K	—	as long as short