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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0625%/8h= +68.4% APRnext payment +$0.78 per $10,000 · paid last 24h +0.124%
Price spread now: Phoenix against gTrade (Gains Network)+0.974%63s7-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 Phoenix
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 +$19 a day on $10k at the current rate, and Phoenix is 0.974% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$97 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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/USD316.42L +0.0004% / S −0.0005%pay 0.0001% / 1h38m 12s$22K—150x
ShortPhoenix TAO319.500.0629get 0.0079% / 1h38m 12s$318K$703K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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
$131.23
Price spread: +0.974% → 0.000%
$97.43
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$211.66
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 65 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 Phoenix live order book, 65 min ago3.12 bp18.9 bp −$1928.1 bp −$281doesn'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
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0005%1h316.42long leg$22K—150x
dYdX TAO-USD+0.0043%1h316.84+0.134%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h316.69+0.086%$44K$710K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.60+0.058%$26.3M$130.1M50xas long as short
Gate TAO_USDT+0.0100%4h316.40−0.005%$14.4M$51.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h316.59+0.055%$17.8M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h316.37−0.015%$35.6M$58.0M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.68+0.083%$88K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h316.45+0.010%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h316.15−0.084%$115K$604K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USD+0.0107%8h316.52+0.033%$1K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0107% / S +0.0136%1h316.43+0.005%$404K—100xas long as short
Aevo TAO-PERP+0.0128%1h316.94+0.165%$174K$9983xas long as short
Orderly PERP_TAO_USDC+0.0149%4h316.63+0.067%$52K$294K10xas long as short
MEXC TAO_USDT+0.0178%4h316.61+0.061%$99.7M$151.4M300xas long as short
Binance TAOUSDT+0.0179%4h316.58+0.052%$91.8M$530.0M75xas long as short
edgeX TAOUSDC+0.0184%4h318.91+0.789%$42K$319K10xas long as short
ApeX Omni TAOUSDT+0.0187%1h318.97+0.807%$46K$260K50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0235%1h316.67+0.081%$15K$1.9M25xas long as short
Paradex TAO-USD-PERP+0.0243%8h317.17+0.238%$14K$1K10xas long as short
Bybit TAOUSDT+0.0277%4h316.71+0.093%$69.3M$156.7M50xas long as short
BingX TAO-USDT+0.0294%4h316.65+0.074%—$37.0M—as long as short
Bullet TAO-USD+0.0295%1h316.71+0.093%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h317.17+0.239%$372K$452K10xas long as short
Bulk TAO-USD+0.0317%1h319.23+0.889%$170K$010xas long as short
GRVT TAO_USDT_Perp+0.0332%4h318.74+0.733%$543K$918K10xas long as short
Aster TAOUSDT+0.0332%4h316.67+0.079%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0336%1h316.59+0.056%$903K$2.4M25xas long as short
BloFin TAO-USDT+0.0419%4h317.29+0.276%$4.7M$10.9M100xas long as short
Arcus TAO-USD+0.0473%1h317.00+0.184%$102K$381K5xas long as short
Nado TAO-PERP+0.0515%1h316.64+0.070%$786K$2.0M10xas long as short
Phemex TAOUSDT+0.0526%4h316.59+0.055%$3.2M$8.2M50xas long as short
Variational Omni TAO+0.0537%4h318.96+0.805%$5.6M$10.2M—as long as short
Lighter TAO+0.0576%1h316.76+0.110%$1.6M$6.9M5xas long as short
Phoenix TAOshort+0.0629%1h319.50+0.974%$318K$703K5x
Backpack TAO_USDC_PERP+0.0698%1h316.67+0.080%$292K$906K10xas long as short
Reya TAORUSDPERP+0.0698%1h316.71+0.094%$364—20xas long as short
01 Exchange TAOUSD+0.0720%1h316.79+0.118%$3K$4K5xas long as short
Hyperliquid TAO+0.0746%1h316.81+0.124%$93.7M$110.1M5xas long as short
RISEx TAO/USDC+0.0831%1h316.60+0.059%$447K$668K5xas long as short
Kraken Futures PF_TAOUSD+0.0837%1h316.75+0.106%$5.9M$21.7M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.28+0.273%$1.5M$6.9M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.94+2.062%$23K$2K12xas long as short