Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Gate against gTrade (Gains Network)+0.003%7-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 Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	315.89	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	45m 21s	$20K	—	150x
Short	Gate TAO_USDT	315.90	0.0100	get 0.0050% / 4h	45m 21s	$12.9M	$49.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +0.003%Rate

Funding earned: $20.11
Price spread: +0.003% → 0.000%: $0.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.63
Costs to cover: 0.250%
Break-even: 8.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	3.18 bp	19.8 bp −$20	40.5 bp −$405	74.7 bp −$7,471	121.2 bp −$60.6K

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	−0.0499%	1h	315.15	−0.235%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.83	−0.020%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	315.89	long leg	$20K	—	150x
Kraken Futures PF_TAOUSD	+0.0056%	1h	316.03	+0.045%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.24	+0.110%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.16	+0.085%	$91.1M	$489.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	+0.066%	$26.0M	$119.7M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	315.90	+0.003%	$12.9M	$49.5M	50x
MEXC TAO_USDT	+0.0100%	4h	316.25	+0.113%	$105.7M	$142.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.02	+0.041%	$17.6M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.93	+0.012%	$35.3M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	−0.039%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.84	−0.016%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.04	+0.047%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.23	+0.107%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.84	−0.016%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.53	−0.115%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.97	+0.025%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.75	−0.045%	$646	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.76	−0.043%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	314.83	−0.335%	$524K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	316.10	+0.066%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0143%	4h	316.19	+0.094%	$68.8M	$146.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0116%	1h	315.91	+0.004%	$428K	—	100x	as long as short
BingX TAO-USDT	+0.0184%	4h	316.11	+0.069%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0194%	8h	316.20	+0.097%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0195%	1h	315.99	+0.033%	$808K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0208%	1h	316.32	+0.135%	$3K	$4K	5x	as long as short
Aster TAOUSDT	+0.0224%	4h	316.22	+0.104%	$1.2M	$10.1M	50x	as long as short
Hyperliquid TAO	+0.0254%	1h	316.37	+0.152%	$94.3M	$105.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0301%	1h	316.41	+0.164%	$317K	$910K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	316.11	+0.070%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.93	+0.012%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.41	+0.164%	$100K	$488K	5x	as long as short
Lighter TAO	+0.0360%	1h	316.31	+0.132%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	316.15	+0.083%	$363K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	316.17	+0.089%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.066%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.014%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.16	+0.085%	$364	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	316.30	+0.129%	$437K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.48	+0.186%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.177%	$23K	$2K	12x	as long as short