Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: OKX against gTrade (Gains Network)+0.107%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 OKX

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 OKX is 0.107% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 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	308.57	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	1m 22s	$26K	—	150x
Short	OKX TAO-USDT-SWAP	308.90	0.0100	get 0.0100% / 8h	2h 01m	$25.3M	$94.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $20.11
Price spread: +0.107% → 0.000%: $10.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $10.84
Costs to cover: 0.200%
Break-even: 3.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	1.62 bp	10.2 bp −$10	23.3 bp −$233	84.5 bp −$8,453	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0306%	1h	307.82	−0.243%	$202K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.46	−0.035%	$130K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0007%	1h	308.57	long leg	$26K	—	150x
Popdex TAOUSDT	+0.0096%	1h	308.80	+0.075%	$43K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.85	+0.091%	$365K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.83	+0.085%	$86.7M	$406.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.94	+0.120%	$60.0M	$119.7M	50x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	308.90	+0.107%	$25.3M	$94.2M	50x
Arcus TAO-USD	+0.0100%	1h	309.05	+0.156%	$138K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.70	+0.042%	$12.3M	$48.9M	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_USDT	+0.0100%	4h	308.73	+0.052%	$120.4M	$127.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.60	+0.010%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.65	+0.026%	$34.5M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.80	+0.075%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	−0.038%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.38	+0.263%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	+0.032%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	−0.084%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.92	+0.114%	$78K	$651K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.82	+0.081%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.78	+0.068%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.41	−0.052%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.68	+0.036%	$122K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.82	+0.081%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.96	+0.127%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	308.81	+0.078%	$632	$469K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0122%	1h	308.68	+0.037%	$11K	$1.3M	25x	as long as short
Aster TAOUSDT	+0.0160%	4h	308.76	+0.063%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0162%	8h	308.64	+0.022%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.172%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0313%	1h	308.76	+0.061%	$853K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	309.21	+0.208%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0486% / S −0.0184%	1h	308.56	−0.004%	$453K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	309.11	+0.175%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.84	+0.087%	$355	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	308.74	+0.057%	$898K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0886%	1h	308.85	+0.091%	$384K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.87	+0.422%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0968%	1h	309.09	+0.169%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1021%	1h	308.86	+0.093%	$6.3M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.94	+0.119%	$416K	$544K	5x	as long as short
Hyperliquid TAO	+0.1880%	1h	309.41	+0.273%	$97.0M	$77.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.052%	$22K	$271	12x	as long as short