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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Binance against gTrade (Gains Network)+0.122%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Binance
What this pair did over the last
the charts below follow
Funding, last 3 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.122% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD316.76L +0.0004% / S −0.0005%pay 0.0001% / 1h6m 37s$10K—150x
ShortBinance TAOUSDT317.150.0100get 0.0050% / 4h3h 06m$90.9M$450.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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

Funding earned
$20.11
Price spread: +0.122% → 0.000%
$12.15
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
$12.27
Costs to cover
0.200%
Break-even
2.7 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Binance live order book, 7 min ago0.16 bp9.5 bp −$1016.6 bp −$16632.5 bp −$3,253doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1228%1h316.14−0.197%$168K$40K10xas long as short
dYdX TAO-USD0.0000%1h317.00+0.074%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0005%1h316.76long leg$10K—150x
Popdex TAOUSDT+0.0096%1h317.20+0.137%$43K$603K20xas long as short
Binance TAOUSDTshort+0.0100%4h317.15+0.122%$90.9M$450.7M75x
OKX TAO-USDT-SWAP+0.0100%8h317.20+0.137%$25.8M$109.3M50xas long as short
Gate TAO_USDT+0.0100%4h317.00+0.074%$12.9M$51.2M50xas long as short
MEXC TAO_USDT+0.0100%4h317.07+0.096%$99.7M$136.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h317.17+0.128%$18.0M$29.3M75xas long as short
Bitget TAOUSDT+0.0100%4h316.88+0.036%$35.2M$51.5M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h316.12−0.204%$40K$293K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h315.81−0.301%$523K$958K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h317.90+0.358%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.70−0.021%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.76+0.314%$127K$422K20xas long as short
Phemex TAOUSDT+0.0100%4h317.76+0.314%$3.4M$7.8M50xas long as short
Bullet TAO-USD+0.0102%1h316.93+0.053%$12K$17K20xas long as short
Aevo TAO-PERP+0.0104%1h317.42+0.208%$174K$9983xas long as short
Katana Perps TAO-USD+0.0124%8h317.07+0.096%$1K$644K5xas long as short
ApeX Omni TAOUSDT+0.0154%1h316.14−0.197%$48K$267K50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0172% / S +0.0101%1h316.66−0.032%$449K—100xas long as short
Pacifica TAO+0.0185%1h317.39+0.197%$376K$376K10xas long as short
Arcus TAO-USD+0.0201%1h317.39+0.197%$84K$550K5xas long as short
Aster TAOUSDT+0.0207%4h317.07+0.096%$1.3M$8.8M50xas long as short
Paradex TAO-USD-PERP+0.0237%8h317.05+0.091%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0267%1h317.17+0.128%$93K$633K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0292%1h317.77+0.317%$17K$1.5M25xas long as short
BloFin TAO-USDT+0.0340%4h318.23+0.462%$4.5M$10.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0482%1h317.90+0.357%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h316.20−0.178%$331K$624K5xas long as short
Variational Omni TAO+0.0546%4h316.94+0.056%$5.5M$8.7M—as long as short
01 Exchange TAOUSD+0.0560%1h317.25+0.153%$3K$4K5xas long as short
Injective TAO/USDC PERP+0.0571%1h316.59−0.055%$23K$90212xas long as short
Reya TAORUSDPERP+0.0696%1h316.81+0.015%$364—20xas long as short
BingX TAO-USDT+0.0702%4h317.10+0.106%—$30.7M—as long as short
Bybit TAOUSDT+0.0705%4h317.36+0.188%$65.3M$133.5M50xas long as short
Nado TAO-PERP+0.0749%1h317.24+0.149%$873K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0805%1h318.28+0.478%$322K$816K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.23+0.147%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1112%1h316.89+0.040%$884K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h317.24+0.148%$421K$593K5xas long as short
Lighter TAO+0.1424%1h317.65+0.279%$1.7M$6.1M5xas long as short
Hyperliquid TAO+0.1785%1h317.61+0.267%$101.6M$91.6M5xas long as short