Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0095%/8h= −10.4% APRnext payment $0.12 per $10,000 · paid last 24h −0.037%
Price spread now: gTrade (Gains Network) against ApeX Omni−0.265%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.265% cheaper against ApeX Omni than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TAOUSDT316.060.0100pay 0.0013% / 1h20m 52s$45K$260K50x
ShortgTrade (Gains Network) TAO/USD315.22L +0.0004% / S −0.0005%get 0.0001% / 1h20m 52s$22K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against ApeX Omni. 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

Funding earned
−$20.02
Price spread: −0.265% → 0.000%
−$26.55
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$66.57
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 16 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 16 min ago4.90 bp12.2 bp −$12126.9 bp −$1,269doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0005%1h315.22−0.265%$22K150x
dYdX TAO-USD+0.0056%1h315.36−0.221%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h315.84−0.070%$45K$714K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.60−0.146%$26.3M$130.0M50xas long as short
Gate TAO_USDT+0.0100%4h315.30−0.240%$14.5M$51.8M50xas long as short
KuCoin TAOUSDTM+0.0100%4h315.44−0.196%$17.8M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h315.20−0.272%$35.4M$57.9M50xas long as short
ApeX Omni TAOUSDTlong+0.0100%1h316.06long leg$45K$260K50x
Polymarket Perps TAO-USD+0.0100%1h315.51−0.174%$87K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h315.34−0.228%$2K$2.0M20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h315.16−0.285%$115K$603K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0105% / S +0.0138%1h315.09−0.308%$402K100xas long as short
Katana Perps TAO-USD+0.0106%8h315.50−0.177%$828$1.1M5xas long as short
Aevo TAO-PERP+0.0120%1h315.57−0.153%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0162%4h315.32−0.234%$52K$294K10xas long as short
edgeX TAOUSDC+0.0165%4h315.99−0.024%$42K$319K10xas long as short
MEXC TAO_USDT+0.0170%4h315.61−0.142%$102.6M$152.3M300xas long as short
Binance TAOUSDT+0.0171%4h315.65−0.130%$91.4M$530.9M75xas long as short
Paradex TAO-USD-PERP+0.0240%8h315.50−0.176%$14K$1K10xas long as short
BingX TAO-USDT+0.0250%4h315.57−0.155%$37.3Mas long as short
Bybit TAOUSDT+0.0256%4h315.72−0.108%$69.1M$156.8M50xas long as short
Bullet TAO-USD+0.0268%1h315.76−0.095%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0302%4h315.30−0.240%$536K$921K10xas long as short
Pacifica TAO+0.0313%1h315.61−0.142%$370K$462K10xas long as short
Aster TAOUSDT+0.0334%4h315.60−0.146%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0352%1h315.43−0.198%$899K$2.4M25xas long as short
BloFin TAO-USDT+0.0411%4h315.72−0.108%$4.7M$10.9M100xas long as short
Phemex TAOUSDT+0.0449%4h315.50−0.177%$3.2M$8.2M50xas long as short
Nado TAO-PERP+0.0467%1h315.65−0.129%$781K$2.0M10xas long as short
Arcus TAO-USD+0.0473%1h315.98−0.025%$99K$384K5xas long as short
Lighter TAO+0.0512%1h315.78−0.089%$1.6M$6.9M5xas long as short
Variational Omni TAO+0.0561%4h315.37−0.219%$5.5M$10.2Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0569%1h315.38−0.216%$15K$1.9M25xas long as short
Phoenix TAO+0.0629%1h316.40+0.108%$318K$703K5xas long as short
Backpack TAO_USDC_PERP+0.0659%1h315.56−0.158%$292K$904K10xas long as short
01 Exchange TAOUSD+0.0664%1h316.21+0.047%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h315.42−0.204%$36320xas long as short
Hyperliquid TAO+0.0710%1h315.57−0.155%$93.2M$110.4M5xas long as short
RISEx TAO/USDC+0.0831%1h315.69−0.118%$446K$658K5xas long as short
Kraken Futures PF_TAOUSD+0.0840%1h315.60−0.147%$5.9M$21.7M50xas long as short
Bulk TAO-USD+0.0951%1h316.68+0.196%$168K$010xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h316.41+0.111%$1.4M$6.9M50xas long as short
Injective TAO/USDC PERP+0.4513%1h318.80+0.867%$23K$2K12xas long as short