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+0.0820%/8h= +89.8% APRnext payment +$1.02 per $10,000 · paid last 24h +0.108%
Price spread now: 01 Exchange against gTrade (Gains Network)+0.180%48s7-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 +$25 a day on $10k at the current rate, and 01 Exchange is 0.180% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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/USD318.64L +0.0004% / S −0.0004%pay 0.0001% / 1h53m 34s$21K150x
Short01 Exchange TAOUSD319.220.0824get 0.0103% / 1h53m 34s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$172.15
Price spread: +0.180% → 0.000%
$18.05
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$173.2
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample
gTrade (Gains Network) and 01 Exchange: 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−0.1799%1h311.96−2.098%$167K$44K10xas long as short
Phemex TAOUSDT−0.0672%4h318.55−0.030%$3.4M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h318.09−0.173%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h318.64long leg$21K150x
Popdex TAOUSDT+0.0096%1h318.77+0.039%$41K$578K20xas long as short
Katana Perps TAO-USD+0.0100%8h318.86+0.067%$852$591K5xas long as short
Binance TAOUSDT+0.0100%4h318.65+0.001%$91.1M$438.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.70+0.017%$25.8M$106.2M50xas long as short
Gate TAO_USDT+0.0100%4h318.40−0.077%$12.9M$49.5M50xas long as short
MEXC TAO_USDT+0.0100%4h318.33−0.099%$104.7M$131.3M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h318.48−0.052%$19.0M$28.3M75xas long as short
Bitget TAOUSDT+0.0100%4h318.51−0.042%$35.7M$48.8M50xas long as short
edgeX TAOUSDC+0.0100%4h319.37+0.228%$36K$287K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.75+0.033%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.73+0.027%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.42+0.243%$127K$422K20xas long as short
Aevo TAO-PERP+0.0104%1h321.70+0.960%$177K$9983xas long as short
GRVT TAO_USDT_Perp+0.0142%4h319.47+0.258%$531K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h318.61−0.010%$461K100xas long as short
Pacifica TAO+0.0185%1h318.54−0.032%$377K$371K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0195%1h318.95+0.095%$23K$1.5M25xas long as short
Arcus TAO-USD+0.0201%1h318.94+0.093%$84K$545K5xas long as short
Aster TAOUSDT+0.0214%4h318.48−0.053%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0215%8h318.52−0.040%$14K$1K10xas long as short
Bullet TAO-USD+0.0263%1h318.88+0.074%$12K$17K20xas long as short
Variational Omni TAO+0.0291%4h319.01+0.115%$5.5M$8.6Mas long as short
BloFin TAO-USDT+0.0340%4h318.55−0.030%$4.4M$10.8M100xas long as short
Polymarket Perps TAO-USD+0.0354%1h318.88+0.074%$100K$633K5xas long as short
BingX TAO-USDT+0.0398%4h318.56−0.027%$30.7Mas long as short
Bybit TAOUSDT+0.0453%4h318.94+0.093%$65.5M$129.8M50xas long as short
ApeX Omni TAOUSDT+0.0476%1h318.98+0.105%$48K$268K50xas long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.71+0.020%$5.7M$20.2M50xas long as short
Phoenix TAO+0.0537%1h319.30+0.206%$334K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.85−0.249%$23K$37012xas long as short
Reya TAORUSDPERP+0.0695%1h318.62−0.008%$36620xas long as short
01 Exchange TAOUSDshort+0.0824%1h319.22+0.180%$3K$4K5x
Nado TAO-PERP+0.0860%1h318.69+0.013%$887K$2.0M10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h320.17+0.479%$1.5M$6.1M50xas long as short
Extended TAO-USD+0.1008%1h318.45−0.060%$929K$2.2M25xas long as short
Backpack TAO_USDC_PERP+0.1052%1h318.72+0.024%$316K$817K10xas long as short
RISEx TAO/USDC+0.1141%1h318.88+0.075%$420K$586K5xas long as short
Lighter TAO+0.1888%1h318.99+0.108%$1.7M$5.8M5xas long as short
Hyperliquid TAO+0.2912%1h319.12+0.149%$104.2M$88.4M5xas long as short