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 edgeX+1.000%97s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.602% of the position

Long on edgeX 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 3 days (all we have)−1.300%−$130 · spread now +1.000%, 7d avg −0.042%

Together, before fees−1.269%+ Points / potential airdropedgeX: Active · farm board−$127 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 1.042% dearer against edgeX than usual: you sell high and buy low, +$104 on $10k if it goes back to its 7-day average of −0.042%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	313.07	0.0100	pay 0.0050% / 4h	3m 46s	$41K	$281K	10x
Short	Gate TAO_USDT	316.20	0.0100	get 0.0050% / 4h	3m 46s	$12.7M	$50.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now +1.000%Rate

Funding earned: $0
Price spread: +1.000% → −0.042%: $104.17
Slippage, 4 orders: −$36.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $43.98
Costs to cover: 0.602%
Break-even: from the start

Slippage from edgeX: live order book, 9 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 edgeX live order book, 9 min ago	7.98 bp	12.6 bp −$13	29.0 bp −$290	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.20 bp	16.2 bp −$16	33.5 bp −$335	62.5 bp −$6,254	109.4 bp −$54.7K

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	−0.2086%	1h	311.96	−0.354%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.54	−0.170%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.59	+0.805%	$22K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−0.316%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.87	+0.895%	$38K	$573K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.65	+0.187%	$371K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.67	+1.150%	$89.8M	$430.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	316.91	+1.227%	$65.1M	$127.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	+1.160%	$25.5M	$103.6M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	316.20	+1.000%	$12.7M	$50.6M	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	316.37	+1.054%	$111.7M	$132.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.61	+1.131%	$18.9M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.56	+1.115%	$35.4M	$47.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	316.59	+1.125%	—	$30.5M	—	as long as short
edgeX TAOUSDClong	+0.0100%	4h	313.07	long leg	$41K	$281K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	+0.078%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.86	−0.067%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.82	+0.880%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.37	+1.054%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.25	+1.336%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.65	+1.144%	$129K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.46	+1.403%	$3.4M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0103%	1h	315.88	+0.898%	$77K	$450K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.24	+1.013%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	315.95	+0.920%	$1K	$568K	5x	as long as short
Aster TAOUSDT	+0.0162%	4h	316.58	+1.122%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.55	+0.793%	$450K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.71	+0.844%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0194%	8h	312.83	−0.077%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−0.241%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.71	−0.115%	$4.3M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0430%	1h	315.59	+0.804%	$835K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0442%	1h	317.53	+1.424%	$5.8M	$19.9M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0537%	1h	317.38	+1.377%	$299K	$804K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−0.182%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.05	+0.952%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.61	+0.812%	$363	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0822%	1h	316.69	+1.155%	$25K	$1.5M	25x	as long as short
Extended TAO-USD	+0.0856%	1h	316.27	+1.022%	$918K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	318.06	+1.594%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1192%	1h	317.70	+1.480%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.84	+0.884%	$418K	$585K	5x	as long as short
Hyperliquid TAO	+0.1597%	1h	317.43	+1.393%	$99.5M	$84.7M	5x	as long as short