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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: GRVT against gTrade (Gains Network)−0.135%68s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on GRVT
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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. GRVT is 0.135% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.7 days of funding at the current rate (+$3 a day). The two prices were read 68 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/USD312.40L +0.0004% / S −0.0004%pay 0.0001% / 1h29m 52s$20K—150x
ShortGRVT TAO_USDT_Perp311.980.0100get 0.0050% / 4h3h 29m$530K$956K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.135% → 0.000%
−$13.48
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$12.36
Costs to cover
0.190%
Break-even
11.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 23 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 GRVT live order book, 23 min ago2.07 bp10.0 bp −$1016.4 bp −$164doesn't fitdoesn'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
Kraken Futures PF_TAOUSD−0.0347%1h312.49+0.028%$5.5M$20.6M50xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h312.40long leg$20K—150x
dYdX TAO-USD+0.0017%1h312.20−0.064%$124K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h312.69+0.093%$46K$656K20xas long as short
Katana Perps TAO-USD+0.0098%8h312.45+0.016%$640$830K5xas long as short
Pacifica TAO+0.0100%1h312.41+0.004%$356K$414K10xas long as short
Binance TAOUSDT+0.0100%4h312.15−0.080%$89.4M$499.8M75xas long as short
Bybit TAOUSDT+0.0100%4h312.22−0.057%$67.1M$150.1M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.10−0.096%$26.0M$120.7M50xas long as short
Gate TAO_USDT+0.0100%4h311.90−0.160%$13.2M$50.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h312.13−0.086%$102.2M$144.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.13−0.086%$17.7M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h311.98−0.134%$34.9M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h312.09−0.099%—$33.4M—as long as short
edgeX TAOUSDC+0.0100%4h311.99−0.131%$41K$314K10xas long as short
GRVT TAO_USDT_Perpshort+0.0100%4h311.98−0.135%$530K$956K10x
ApeX Omni TAOUSDT+0.0100%1h311.85−0.176%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h312.50+0.032%$78K$895K5xas long as short
Bullet TAO-USD+0.0100%1h312.68+0.090%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h312.31−0.028%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.13−0.086%$109K$539K20xas long as short
Phemex TAOUSDT+0.0100%4h312.43+0.010%$3.2M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h312.62+0.071%$172K$9983xas long as short
Aster TAOUSDT+0.0115%4h312.22−0.058%$1.3M$10.4M50xas long as short
Orderly PERP_TAO_USDC+0.0117%4h312.49+0.029%$52K$291K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0138% / S +0.0134%1h312.35−0.015%$415K—100xas long as short
Paradex TAO-USD-PERP+0.0164%8h311.82−0.187%$14K$1K10xas long as short
Arcus TAO-USD+0.0231%1h312.88+0.154%$101K$397K5xas long as short
Bulk TAO-USD+0.0264%1h312.41+0.004%$166K$33310xas long as short
Extended TAO-USD+0.0280%1h312.00−0.128%$909K$2.4M25xas long as short
Variational Omni TAO+0.0308%4h312.74+0.109%$5.5M$10.0M—as long as short
Nado TAO-PERP+0.0333%1h312.68+0.091%$792K$2.2M10xas long as short
BloFin TAO-USDT+0.0340%4h312.59+0.061%$4.5M$10.8M100xas long as short
Hyperliquid TAO+0.0436%1h312.52+0.039%$91.9M$107.7M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0445%1h312.63+0.076%$17K$1.8M25xas long as short
Phoenix TAO+0.0457%1h312.30−0.032%$311K$711K5xas long as short
01 Exchange TAOUSD+0.0480%1h312.91+0.164%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0490%1h312.41+0.004%$310K$886K10xas long as short
Lighter TAO+0.0552%1h312.74+0.110%$1.5M$6.5M5xas long as short
Reya TAORUSDPERP+0.0697%1h312.63+0.075%$360—20xas long as short
RISEx TAO/USDC+0.0816%1h312.70+0.098%$444K$658K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h313.31+0.292%$1.5M$6.8M50xas long as short
Injective TAO/USDC PERP+0.4092%1h314.53+0.682%$23K$2K12xas long as short