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 0.000%

Price spread now: Gate against Bybit−0.040%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

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

costs, in and out, $10k−$560.559% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.040%, 7d avg −0.026%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	303.52	0.0100	pay 0.0050% / 4h	1h 42m	$58.8M	$120.6M	50x
Short	Gate TAO_USDT	303.40	0.0100	get 0.0050% / 4h	1h 42m	$12.1M	$48.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.026%: −$1.31
Slippage, 4 orders: −$29.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.21
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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 Bybit live order book, 1 min ago	0.16 bp	11.6 bp −$12	18.6 bp −$186	45.7 bp −$4,569	doesn't fit
Sell Gate live order book, 1 min ago	3.29 bp	18.8 bp −$19	38.6 bp −$386	67.8 bp −$6,781	116.7 bp −$58.4K

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	−0.0466%	1h	307.38	+1.272%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.67	+0.048%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.42	−0.032%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.96	+0.145%	$43K	$534K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.46	−0.020%	$84.9M	$410.5M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	303.52	long leg	$58.8M	$120.6M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	303.50	−0.007%	$24.4M	$94.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.19	+0.221%	$79K	$642K	5x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	303.40	−0.040%	$12.1M	$48.5M	50x
MEXC TAO_USDT	+0.0100%	4h	303.53	+0.003%	$110.0M	$124.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.49	−0.010%	$18.4M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.25	−0.089%	$33.9M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.50	−0.007%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.72	+0.065%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.61	+0.029%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.82	+0.098%	$502K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.97	+0.148%	$77K	$605K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.58	+0.019%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.52	0.000%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.45	−0.023%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.23	+0.234%	$122K	$360K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.68	+0.053%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.73	+0.069%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	303.88	+0.119%	$623	$487K	5x	as long as short
Aster TAOUSDT	+0.0112%	4h	303.44	−0.026%	$1.1M	$7.7M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0123%	1h	303.59	+0.022%	$20K	$1.4M	25x	as long as short
Paradex TAO-USD-PERP	+0.0152%	8h	304.04	+0.172%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.91	+0.128%	$359K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.38	−0.047%	$434K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0211%	1h	303.28	−0.079%	$46K	$269K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.55	+0.010%	$4.3M	$9.3M	100x	as long as short
Lighter TAO	+0.0384%	1h	303.69	+0.057%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.21	+0.227%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0394%	1h	303.59	+0.023%	$378K	$757K	10x	as long as short
Nado TAO-PERP	+0.0417%	1h	303.90	+0.126%	$827K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	+0.125%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.71	+0.062%	$349	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.42	−0.033%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.577%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1041%	1h	303.48	−0.012%	$5.8M	$19.6M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.20	+0.224%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1203%	1h	303.88	+0.119%	$92.6M	$79.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.717%	$22K	$264	12x	as long as short