Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Bitget−0.131%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.131% cheaper against Bitget 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	Bitget TAOUSDT	319.03	0.0100	pay 0.0050% / 4h	3h 14m	$35.9M	$56.8M	50x
Short	gTrade (Gains Network) TAO/USD	318.61	L +0.0004% / S −0.0003%	get 0.0000% / 1h	14m 57s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.131%Rate

Funding earned: −$20.32
Price spread: −0.131% → 0.000%: −$13.07
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$55.39
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.10 bp	11.4 bp −$11	20.4 bp −$204	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	−0.0269%	1h	313.94	−1.595%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0003%	1h	318.61	−0.131%	$20K	—	150x
Popdex TAOUSDT	+0.0096%	1h	318.93	−0.031%	$50K	$698K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.26	+0.072%	$69.8M	$153.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.10	+0.022%	$26.5M	$129.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.60	−0.135%	$15.1M	$50.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.93	−0.031%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	319.03	long leg	$35.9M	$56.8M	50x
Polymarket Perps TAO-USD	+0.0100%	1h	318.70	−0.103%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.75	−0.088%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.31	−0.226%	$115K	$560K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.76	−0.085%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.86	−0.054%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	318.82	−0.066%	$1K	$1.2M	5x	as long as short
MEXC TAO_USDT	+0.0164%	4h	318.91	−0.038%	$111.0M	$154.1M	300x	as long as short
Binance TAOUSDT	+0.0164%	4h	319.09	+0.019%	$92.9M	$518.1M	75x	as long as short
BingX TAO-USDT	+0.0166%	4h	318.94	−0.028%	—	$38.8M	—	as long as short
edgeX TAOUSDC	+0.0168%	4h	318.13	−0.282%	$42K	$322K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0240%	4h	318.97	−0.019%	$54K	$272K	10x	as long as short
Paradex TAO-USD-PERP	+0.0242%	8h	319.01	−0.008%	$14K	$876	10x	as long as short
ApeX Omni TAOUSDT	+0.0283%	1h	318.30	−0.229%	$45K	$256K	50x	as long as short
Bullet TAO-USD	+0.0299%	1h	318.98	−0.016%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0332%	4h	319.00	−0.010%	$1.3M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0342%	4h	318.82	−0.065%	$540K	$838K	10x	as long as short
dYdX TAO-USD	+0.0346%	1h	318.55	−0.150%	$128K	$87K	5x	as long as short
Pacifica TAO	+0.0349%	1h	319.03	−0.001%	$362K	$437K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0109%	1h	318.66	−0.116%	$378K	—	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	319.15	+0.038%	$101K	$340K	5x	as long as short
BloFin TAO-USDT	+0.0404%	4h	319.11	+0.025%	$4.8M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0432%	1h	318.91	−0.036%	$887K	$2.2M	25x	as long as short
Nado TAO-PERP	+0.0457%	1h	318.88	−0.046%	$771K	$1.9M	10x	as long as short
Phoenix TAO	+0.0578%	1h	319.00	−0.009%	$321K	$714K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0604%	1h	318.98	−0.016%	$9K	$1.8M	25x	as long as short
Variational Omni TAO	+0.0612%	4h	318.74	−0.091%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0616%	1h	319.24	+0.066%	$94.6M	$109.5M	5x	as long as short
Lighter TAO	+0.0664%	1h	319.11	+0.025%	$1.6M	$6.7M	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	319.41	+0.119%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.80	−0.071%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0744%	1h	319.03	0.000%	$316K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0780%	1h	319.05	+0.005%	$6.1M	$21.1M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.81	−0.069%	$447K	$709K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.66	+0.197%	$1.1M	$7.4M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.395%	$23K	$2K	12x	as long as short