Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.131%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.021%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.021% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD314.82L +0.0004% / S −0.0004%pay 0.0001% / 1h16m 18s$20K150x
ShortKraken Futures PF_TAOUSD314.880.0056get 0.0007% / 1h16m 18s$5.5M$20.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$10.96
Price spread: +0.021% → 0.000%
$2.1
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$6.94
Costs to cover
0.200%
Break-even
11.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago7.30 bp15.1 bp −$1524.7 bp −$24777.7 bp −$7,775doesn'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
dYdX TAO-USD0.0000%1h314.82+0.001%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h314.82long leg$20K150x
Kraken Futures PF_TAOUSDshort+0.0056%1h314.88+0.021%$5.5M$20.6M50x
Popdex TAOUSDT+0.0096%1h315.05+0.074%$43K$669K20xas long as short
Katana Perps TAO-USD+0.0098%8h314.90+0.026%$645$799K5xas long as short
Binance TAOUSDT+0.0100%4h314.95+0.043%$91.0M$494.7M75xas long as short
Bybit TAOUSDT+0.0100%4h315.24+0.134%$68.0M$148.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.20+0.121%$26.0M$120.6M50xas long as short
Gate TAO_USDT+0.0100%4h314.80−0.006%$12.9M$50.1M50xas long as short
MEXC TAO_USDT+0.0100%4h314.97+0.048%$110.8M$144.1M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h314.87+0.017%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.85+0.010%$35.2M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h315.00+0.058%$32.8Mas long as short
edgeX TAOUSDC+0.0100%4h315.17+0.111%$42K$312K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h315.17+0.112%$521K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.00+0.058%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.84+0.007%$77K$859K5xas long as short
Bullet TAO-USD+0.0100%1h315.03+0.067%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.95+0.042%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.31−0.161%$109K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h314.74−0.025%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.22+0.128%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0132%4h314.99+0.055%$56K$266K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0146% / S +0.0121%1h314.84+0.008%$428K100xas long as short
Paradex TAO-USD-PERP+0.0159%8h315.06+0.076%$14K$1K10xas long as short
Aster TAOUSDT+0.0185%4h314.92+0.033%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0200%1h314.91+0.030%$923K$2.4M25xas long as short
Nado TAO-PERP+0.0205%1h315.17+0.111%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0267%1h315.09+0.086%$92.7M$106.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0288%1h315.21+0.124%$25K$1.7M25xas long as short
01 Exchange TAOUSD+0.0320%1h315.15+0.105%$3K$4K5xas long as short
BloFin TAO-USDT+0.0340%4h315.30+0.153%$4.6M$10.9M100xas long as short
Lighter TAO+0.0344%1h315.23+0.129%$1.5M$6.5M5xas long as short
Arcus TAO-USD+0.0345%1h315.34+0.166%$99K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0346%1h315.51+0.220%$316K$913K10xas long as short
Pacifica TAO+0.0365%1h315.19+0.119%$360K$412K10xas long as short
Variational Omni TAO+0.0497%4h315.29+0.149%$5.7M$9.9Mas long as short
Phoenix TAO+0.0581%1h315.40+0.185%$314K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.86+0.013%$36220xas long as short
Bulk TAO-USD+0.0933%1h314.34−0.152%$167K$2K10xas long as short
RISEx TAO/USDC+0.0991%1h315.07+0.082%$435K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.12+0.414%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.281%$23K$2K12xas long as short