Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Aevo+0.115%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2352.353% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.115%, 7d avg −0.074%

Together, before fees−0.197%−$20 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: Gate is 0.189% dearer against Aevo than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	312.44	0.0104	pay 0.0013% / 1h	29m 05s	$172K	$998	3x
Short	Gate TAO_USDT	312.80	0.0100	get 0.0050% / 4h	2h 29m	$12.7M	$50.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now +0.115%Rate

Funding earned: −$0.84
Price spread: +0.115% → −0.074%: $18.91
Slippage, 4 orders: −$204.31
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$217.24
Costs to cover: 2.353%
Break-even: never at this rate

Slippage from Aevo: live order book, 40 min ago; Gate: live order book, 5 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 Aevo live order book, 40 min ago	75.44 bp	99.6 bp −$100	608.4 bp −$6,084	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.23 bp	19.6 bp −$20	33.6 bp −$336	62.3 bp −$6,230	109.6 bp −$54.8K

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	312.49	+0.016%	$125K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.17	−0.087%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.77	+0.105%	$39K	$623K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.96	+0.167%	$89.8M	$463.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	+0.211%	$25.7M	$111.2M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	312.80	+0.115%	$12.7M	$50.0M	50x
MEXC TAO_USDT	+0.0100%	4h	312.90	+0.147%	$107.8M	$138.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.57	+0.041%	$18.0M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.76	+0.102%	$34.9M	$53.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.73	−0.229%	$34K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	310.29	−0.690%	$511K	$966K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.54	−0.288%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.42	−0.007%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.28	−0.052%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.94	+0.160%	$128K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.82	+0.121%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	312.44	long leg	$172K	$998	3x
Katana Perps TAO-USD	+0.0122%	8h	313.01	+0.182%	$1K	$696K	5x	as long as short
Polymarket Perps TAO-USD	+0.0149%	1h	312.73	+0.092%	$81K	$679K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0090%	1h	312.24	−0.063%	$437K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0169%	1h	312.51	+0.022%	$5.5M	$20.4M	50x	as long as short
Bullet TAO-USD	+0.0220%	1h	312.61	+0.055%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0222%	4h	312.68	+0.077%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	313.04	+0.192%	$368K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0314%	8h	312.90	+0.147%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	313.31	+0.278%	$98K	$529K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0392%	1h	312.31	−0.043%	$24K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−0.052%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0525%	1h	312.92	+0.152%	$776K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−0.045%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	313.14	+0.224%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	312.79	+0.112%	$360	—	20x	as long as short
BingX TAO-USDT	+0.0708%	4h	313.16	+0.230%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0774%	4h	311.95	−0.158%	$5.4M	$8.8M	—	as long as short
Bybit TAOUSDT	+0.0799%	4h	313.52	+0.345%	$65.4M	$137.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0884%	1h	313.14	+0.224%	$316K	$814K	10x	as long as short
Extended TAO-USD	+0.0904%	1h	312.33	−0.036%	$898K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	313.92	+0.473%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	313.02	+0.187%	$448K	$631K	5x	as long as short
Hyperliquid TAO	+0.1210%	1h	313.46	+0.326%	$99.0M	$94.6M	5x	as long as short
Lighter TAO	+0.1408%	1h	313.44	+0.320%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−1.067%	$164K	$40K	10x	as long as short