Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance−0.118%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$540.539% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.118%, 7d avg −0.018%

Together, before fees+0.133%+$13 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 0.100% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	304.66	0.0100	pay 0.0050% / 4h	2h 44m	$85.3M	$400.6M	75x
Short	Gate TAO_USDT	304.30	0.0100	get 0.0050% / 4h	2h 44m	$12.0M	$47.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.018%: −$10.04
Slippage, 4 orders: −$28.91
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.95
Costs to cover: 0.539%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 4 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 Binance live order book, 14 min ago	0.16 bp	6.6 bp −$7	13.8 bp −$138	36.2 bp −$3,624	doesn't fit
Sell Gate live order book, 4 min ago	1.64 bp	17.4 bp −$17	34.7 bp −$347	71.4 bp −$7,138	121.5 bp −$60.8K

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	−0.0973%	1h	304.87	+0.069%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	305.05	+0.129%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.27	+0.202%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.17	+0.496%	$39K	$524K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.28	+0.204%	$361K	$401K	10x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	304.66	long leg	$85.3M	$400.6M	75x
Bybit TAOUSDT	+0.0100%	4h	304.91	+0.082%	$58.5M	$117.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.80	+0.046%	$24.8M	$91.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.38	+0.565%	$136K	$591K	5x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	304.30	−0.118%	$12.0M	$47.5M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	304.50	−0.052%	$111.7M	$121.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.44	−0.072%	$18.2M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.62	−0.013%	$34.1M	$44.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.64	−0.007%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	304.69	+0.009%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.70	+0.012%	$39K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.56	−0.032%	$544K	$977K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.15	+0.161%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.78	+0.366%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.23	+0.187%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.30	+0.210%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.11	+0.148%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.71	+0.016%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.18	+0.170%	$168K	$998	3x	as long as short
Aster TAOUSDT	+0.0107%	4h	304.64	−0.005%	$1.1M	$7.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0108%	1h	305.20	+0.178%	$13K	$1.3M	25x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	306.24	+0.519%	$1K	$416K	5x	as long as short
Polymarket Perps TAO-USD	+0.0120%	1h	306.40	+0.571%	$84K	$666K	5x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	305.26	+0.196%	$14K	$992	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.60	+0.308%	$437K	—	100x	as long as short
Nado TAO-PERP	+0.0175%	1h	306.01	+0.444%	$747K	$1.8M	10x	as long as short
Phoenix TAO	+0.0234%	1h	304.80	+0.046%	$323K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.81	+0.049%	$4.2M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0440%	1h	306.53	+0.614%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0632%	1h	304.30	−0.119%	$873K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.71	+0.346%	$352	—	20x	as long as short
Lighter TAO	+0.0728%	1h	305.13	+0.155%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.88	+0.400%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	304.84	+0.060%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	306.43	+0.581%	$406K	$532K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1130%	1h	305.19	+0.174%	$467K	$683K	10x	as long as short
Hyperliquid TAO	+0.1465%	1h	305.50	+0.276%	$92.4M	$75.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	307.78	+1.024%	$22K	$136	12x	as long as short