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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Binance−0.106%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 0.106% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT318.560.0104pay 0.0052% / 4h2h 14m$91.4M$512.9M75x
ShortgTrade (Gains Network) TAO/USD318.22L +0.0004% / S −0.0004%get 0.0001% / 1h14m 16s$21K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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
−$21.02
Price spread: −0.106% → 0.000%
−$10.6
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$51.62
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago0.16 bp8.2 bp −$816.3 bp −$16337.8 bp −$3,783doesn'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
Bulk TAO-USD−0.0038%1h313.74−1.512%$167K$33310xas long as short
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0004%1h318.22−0.106%$21K150x
dYdX TAO-USD+0.0034%1h318.18−0.120%$127K$85K5xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.50−0.018%$26.6M$125.3M50xas long as short
Gate TAO_USDT+0.0100%4h318.10−0.144%$14.2M$51.6M50xas long as short
MEXC TAO_USDT+0.0100%4h318.39−0.053%$100.5M$147.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.26−0.093%$17.5M$31.5M75xas long as short
Bitget TAOUSDT+0.0100%4h318.32−0.075%$35.9M$57.5M50xas long as short
edgeX TAOUSDC+0.0100%4h318.26−0.093%$42K$316K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.22−0.106%$91K$920K5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h318.13−0.134%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.84−0.225%$116K$565K20xas long as short
Phemex TAOUSDT+0.0100%4h318.23−0.103%$3.2M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h318.63+0.022%$175K$9983xas long as short
Binance TAOUSDTlong+0.0104%4h318.56long leg$91.4M$512.9M75x
Katana Perps TAO-USD+0.0110%8h318.51−0.015%$652$943K5xas long as short
Orderly PERP_TAO_USDC+0.0118%4h318.58+0.007%$53K$291K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0127% / S +0.0142%1h318.18−0.117%$426K100xas long as short
Popdex TAOUSDT+0.0128%1h318.30−0.081%$53K$672K20xas long as short
Pacifica TAO+0.0233%1h318.65+0.030%$363K$420K10xas long as short
Aster TAOUSDT+0.0265%4h318.42−0.042%$1.3M$10.7M50xas long as short
Paradex TAO-USD-PERP+0.0276%8h318.62+0.019%$14K$1K10xas long as short
Nado TAO-PERP+0.0283%1h318.20−0.113%$800K$2.2M10xas long as short
Kraken Futures PF_TAOUSD+0.0299%1h318.94+0.120%$6.0M$21.6M50xas long as short
Bullet TAO-USD+0.0326%1h318.61+0.016%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h318.52−0.012%$4.6M$11.0M100xas long as short
Bybit TAOUSDT+0.0387%4h318.68+0.038%$69.7M$153.6M50xas long as short
BingX TAO-USDT+0.0400%4h318.49−0.021%$33.8Mas long as short
GRVT TAO_USDT_Perp+0.0448%4h318.95+0.124%$545K$935K10xas long as short
Variational Omni TAO+0.0467%4h317.98−0.181%$5.6M$10.1Mas long as short
Arcus TAO-USD+0.0483%1h318.90+0.107%$103K$345K5xas long as short
ApeX Omni TAOUSDT+0.0487%1h318.17−0.122%$45K$256K50xas long as short
Extended TAO-USD+0.0504%1h318.560.000%$906K$2.4M25xas long as short
Phoenix TAO+0.0513%1h319.50+0.296%$318K$713K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0683%1h318.65+0.028%$15K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h318.39−0.052%$36620xas long as short
01 Exchange TAOUSD+0.0800%1h318.86+0.095%$3K$4K5xas long as short
Hyperliquid TAO+0.0813%1h318.56+0.001%$93.5M$109.5M5xas long as short
Lighter TAO+0.0816%1h318.69+0.042%$1.5M$6.6M5xas long as short
Backpack TAO_USDC_PERP+0.0834%1h318.59+0.010%$316K$890K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h318.73+0.054%$1.5M$7.0M50xas long as short
RISEx TAO/USDC+0.0948%1h318.59+0.010%$460K$649K5xas long as short
Injective TAO/USDC PERP+0.3711%1h322.94+1.376%$23K$2K12xas long as short