Funding you earn now, next payment 00:00 UTC−0.0540%/8h= −59.1% APRnext payment −$0.67 per $10,000 · paid last 24h −0.062%
Price spread now: gTrade (Gains Network) against Backpack−0.125%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$16 a day on $10k at the current rate, and gTrade (Gains Network) is 0.125% cheaper against Backpack than usual: you would sell low and buy high (−$13 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 | Backpack TAO_USDC_PERP | 312.73 | 0.0544 | pay 0.0068% / 1h | 52m 53s | $299K | $798K | 10x |
| Short | gTrade (Gains Network) TAO/USD | 312.34 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 52m 53s | $21K | — | 150x |
Backpack TAO_USDC_PERP
gTrade (Gains Network) TAO/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$113.35
- Price spread: −0.125% → 0.000%
- −$12.53
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$145.89
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 26 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 26 min ago | 1.96 bp | 7.0 bp −$7 | 40.6 bp −$406 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1120% | 1h | 305.94 | −2.171% | $164K | $52K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 312.07 | −0.211% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USDshort | L +0.0004% / S −0.0004% | 1h | 312.34 | −0.125% | $21K | — | 150x | |
| Injective TAO/USDC PERP | +0.0033% | 1h | 308.73 | −1.279% | $22K | $259 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.84 | +0.035% | $40K | $549K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.21 | −0.166% | $369K | $370K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.65 | −0.026% | $88.5M | $420.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.78 | +0.016% | $61.0M | $123.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.60 | −0.042% | $25.1M | $99.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.40 | −0.106% | $12.5M | $48.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 312.63 | −0.032% | $119.6M | $125.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.68 | −0.016% | $19.0M | $27.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.41 | −0.102% | $35.0M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.69 | −0.013% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.17 | +0.459% | $41K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.25 | +0.487% | $520K | $950K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.46 | −0.086% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.43 | −0.096% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.84 | +0.035% | $128K | $393K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.21 | −0.166% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.58 | −0.050% | $172K | $998 | 3x | as long as short |
| Bullet TAO-USD | +0.0106% | 1h | 312.58 | −0.048% | $11K | $17K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 312.69 | −0.013% | $3K | $536K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0134% | 1h | 312.68 | −0.016% | $77K | $524K | 5x | as long as short |
| Variational Omni TAO | +0.0177% | 4h | 314.40 | +0.535% | $3.9M | $6.9M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0185% | 8h | 311.88 | −0.273% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.50 | −0.074% | $81K | $644K | 5x | as long as short |
| Aster TAOUSDT | +0.0202% | 4h | 312.56 | −0.055% | $1.1M | $7.8M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.50 | −0.074% | $4.3M | $9.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0358% | 1h | 312.56 | −0.053% | $19K | $1.4M | 25x | as long as short |
| ApeX Omni TAOUSDT | +0.0361% | 1h | 314.07 | +0.428% | $47K | $269K | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.52 | −0.066% | $5.8M | $19.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.22 | −0.163% | $448K | — | 100x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.70 | −0.010% | $327K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0544% | 1h | 312.73 | long leg | $299K | $798K | 10x | |
| Nado TAO-PERP | +0.0552% | 1h | 312.73 | +0.001% | $837K | $2.0M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.59 | −0.044% | $359 | — | 20x | as long as short |
| Extended TAO-USD | +0.0792% | 1h | 312.55 | −0.059% | $864K | $2.1M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0896% | 1h | 312.28 | −0.144% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 312.86 | +0.042% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.43 | −0.096% | $430K | $536K | 5x | as long as short |
| Lighter TAO | +0.1352% | 1h | 312.94 | +0.067% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2294% | 1h | 313.30 | +0.182% | $98.1M | $82.7M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Bullet TAO-USD
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Aster TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
ApeX Omni TAOUSDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
Reya TAORUSDPERP
Extended TAO-USD
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO