Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: MEXC against gTrade (Gains Network)+0.126%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 MEXC

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 MEXC is 0.126% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	310.44	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	22m 15s	$20K	—	150x
Short	MEXC TAO_USDT	310.83	0.0100	get 0.0050% / 4h	3h 22m	$101.9M	$145.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.126%Rate

Funding earned: $20.11
Price spread: +0.126% → 0.000%: $12.6
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $22.71
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.97 bp	2.8 bp −$3	13.9 bp −$139	31.2 bp −$3,122	100.4 bp −$50.2K

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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.70	+0.083%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	310.44	long leg	$20K	—	150x
dYdX TAO-USD	+0.0013%	1h	310.54	+0.034%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.46	+0.007%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.14	−0.096%	$2K	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.76	+0.103%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.75	+0.102%	$89.1M	$500.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.93	+0.158%	$67.0M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.70	+0.084%	$25.9M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.40	−0.013%	$13.2M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTshort	+0.0100%	4h	310.83	+0.126%	$101.9M	$145.2M	300x
KuCoin TAOUSDTM	+0.0100%	4h	310.53	+0.029%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.40	−0.013%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.75	+0.100%	—	$33.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.182%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	+0.082%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	+0.100%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.40	−0.013%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.70	+0.084%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.51	+0.023%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.32	−0.038%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.80	+0.118%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0104%	4h	310.81	+0.120%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	310.59	+0.049%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.40	−0.013%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	310.57	+0.043%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0212%	4h	310.86	+0.136%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	310.81	+0.120%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.225%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0304%	1h	310.61	+0.056%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.213%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0357%	1h	310.74	+0.096%	$783K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0456%	1h	310.76	+0.103%	$91.3M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.213%	$310K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	310.49	+0.016%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0489%	1h	310.83	+0.126%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0527%	1h	310.73	+0.094%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0576%	1h	311.09	+0.209%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.56	+0.038%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.43	−0.005%	$441K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.155%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.23	+0.255%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.547%	$23K	$2K	12x	as long as short