Funding arb · Price arb /

TAO

all TAO markets

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 +0.003%

Price spread now: Gate against Bitget−0.013%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.565% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.049%−$5 · spread now −0.013%, 7d avg −0.007%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	314.74	0.0100	pay 0.0050% / 4h	33m 59s	$35.1M	$46.4M	50x
Short	Gate TAO_USDT	314.70	0.0100	get 0.0050% / 4h	33m 59s	$12.8M	$49.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.007%: −$0.58
Slippage, 4 orders: −$29.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.09
Costs to cover: 0.565%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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 Bitget live order book, 5 min ago	1.28 bp	11.3 bp −$11	22.3 bp −$223	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.77 bp	16.9 bp −$17	40.2 bp −$402	72.6 bp −$7,260	118.9 bp −$59.4K

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	−0.4478%	1h	313.97	−0.245%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.82	+0.343%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.56	−0.056%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.067%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.19	+0.143%	$34K	$561K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.94	+0.382%	$374K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.94	+0.064%	$89.1M	$424.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.17	+0.137%	$62.1M	$124.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	+0.051%	$25.3M	$101.6M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	314.70	−0.013%	$12.8M	$49.5M	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	314.92	+0.057%	$110.6M	$128.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.85	+0.035%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	314.74	long leg	$35.1M	$46.4M	50x
BingX TAO-USDT	+0.0100%	4h	314.94	+0.064%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.20	−0.170%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.97	−0.246%	$521K	$956K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.89	+0.048%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.78	+0.013%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.76	+0.006%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.60	+0.273%	$129K	$400K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.64	−0.032%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.14	+0.127%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	315.13	+0.124%	$1K	$546K	5x	as long as short
ApeX Omni TAOUSDT	+0.0123%	1h	314.07	−0.213%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0138%	1h	315.02	+0.089%	$77K	$516K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.64	+0.286%	$83K	$606K	5x	as long as short
Variational Omni TAO	+0.0194%	4h	314.76	+0.006%	$4.0M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0197%	8h	315.53	+0.250%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0214%	4h	314.97	+0.073%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0228%	1h	314.82	+0.025%	$30K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.79	+0.016%	$4.3M	$10.3M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0446%	1h	314.87	+0.042%	$5.8M	$19.9M	50x	as long as short
Nado TAO-PERP	+0.0450%	1h	314.90	+0.052%	$835K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0477% / S −0.0175%	1h	314.52	−0.069%	$451K	—	100x	as long as short
Phoenix TAO	+0.0537%	1h	314.20	−0.172%	$329K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0556%	1h	314.96	+0.070%	$298K	$801K	10x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	315.57	+0.264%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	314.83	+0.029%	$362	—	20x	as long as short
Extended TAO-USD	+0.0872%	1h	314.92	+0.058%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.17	+0.772%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.34	+0.191%	$456K	$559K	5x	as long as short
Lighter TAO	+0.1352%	1h	315.42	+0.217%	$1.7M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1827%	1h	315.49	+0.238%	$98.4M	$83.5M	5x	as long as short