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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.1380%/8h= +151.1% APRnext payment +$1.72 per $10,000 · paid last 24h +0.109%
Price spread now: Lighter against gTrade (Gains Network)+0.095%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 fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Lighter is 0.095% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 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/USD318.38L +0.0004% / S −0.0004%pay 0.0001% / 1h31m 32s$21K150x
ShortLighter TAO318.680.1384get 0.0173% / 1h31m 32s$1.7M$6.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$289.75
Price spread: +0.095% → 0.000%
$9.49
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
$289.24
Costs to cover
0.100%
Break-even
0.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: 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 Lighter live order book, 7 min ago0.61 bp10.8 bp −$1133.3 bp −$333doesn'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
Bulk TAO-USD−0.1322%1h319.84+0.459%$170K$44K10xas long as short
Phemex TAOUSDT−0.0287%4h318.03−0.110%$3.4M$7.8M50xas long as short
dYdX TAO-USD0.0000%1h318.42+0.013%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h318.38long leg$21K150x
Popdex TAOUSDT+0.0096%1h318.05−0.104%$41K$590K20xas long as short
Binance TAOUSDT+0.0100%4h318.17−0.065%$91.7M$447.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.30−0.025%$26.1M$108.5M50xas long as short
Gate TAO_USDT+0.0100%4h317.90−0.151%$12.9M$50.6M50xas long as short
MEXC TAO_USDT+0.0100%4h318.00−0.119%$108.2M$134.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.49+0.035%$18.2M$29.2M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h317.96−0.132%$35.4M$50.5M50xas long as short
edgeX TAOUSDC+0.0100%4h319.52+0.357%$40K$293K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.62+0.075%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.37−0.003%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.76−0.195%$127K$424K20xas long as short
GRVT TAO_USDT_Perp+0.0104%4h320.01+0.511%$529K$969K10xas long as short
Aevo TAO-PERP+0.0104%1h318.70+0.101%$175K$9983xas long as short
Katana Perps TAO-USD+0.0114%8h318.18−0.063%$736$621K5xas long as short
Bullet TAO-USD+0.0165%1h318.53+0.047%$12K$17K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0089%1h318.30−0.024%$461K100xas long as short
Pacifica TAO+0.0185%1h318.27−0.035%$377K$374K10xas long as short
Arcus TAO-USD+0.0201%1h318.43+0.016%$84K$550K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0222%1h318.58+0.062%$17K$1.5M25xas long as short
Aster TAOUSDT+0.0232%4h318.42+0.014%$1.1M$8.4M50xas long as short
Paradex TAO-USD-PERP+0.0239%8h318.28−0.030%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0325%1h318.35−0.009%$93K$638K5xas long as short
BloFin TAO-USDT+0.0340%4h319.76+0.433%$4.5M$10.9M100xas long as short
Variational Omni TAO+0.0398%4h320.33+0.611%$5.6M$8.7Mas long as short
BingX TAO-USDT+0.0428%4h318.23−0.047%$30.5Mas long as short
Bybit TAOUSDT+0.0436%4h318.47+0.028%$65.5M$132.8M50xas long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.61+0.072%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h320.00+0.509%$335K$624K5xas long as short
ApeX Omni TAOUSDT+0.0552%1h320.00+0.509%$48K$266K50xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.442%$23K$67812xas long as short
01 Exchange TAOUSD+0.0648%1h318.30−0.025%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h318.07−0.096%$36620xas long as short
Nado TAO-PERP+0.0795%1h317.86−0.163%$887K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0892%1h319.41+0.324%$323K$819K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.54+0.364%$1.5M$6.3M50xas long as short
RISEx TAO/USDC+0.1141%1h318.21−0.052%$423K$600K5xas long as short
Extended TAO-USD+0.1144%1h318.10−0.088%$927K$2.3M25xas long as short
Lighter TAOshort+0.1384%1h318.68+0.095%$1.7M$6.0M5x
Hyperliquid TAO+0.2255%1h319.10+0.226%$103.0M$90.9M5xas long as short