Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Gate+0.104%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1491.490% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.104%, 7d avg +0.077%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.027% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	314.30	0.0100	pay 0.0050% / 4h	28m 13s	$12.9M	$49.9M	50x
Short	Aevo TAO-PERP	314.63	0.0104	get 0.0013% / 1h	28m 13s	$173K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.104%Rate

Funding earned: $0.84
Price spread: +0.104% → +0.077%: $2.66
Slippage, 4 orders: −$118.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$145.54
Costs to cover: 1.490%
Break-even: 1219.9 days

Slippage from Gate: live order book, 6 min ago; Aevo: live order book, 31 min ago.

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 Gate live order book, 6 min ago	3.18 bp	18.0 bp −$18	36.6 bp −$366	58.2 bp −$5,820	94.9 bp −$47.4K
Sell Aevo live order book, 31 min ago	37.19 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit

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
dYdX TAO-USD	0.0000%	1h	315.44	+0.364%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.62	+0.103%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.47	+0.053%	$5.5M	$20.7M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0084%	1h	314.50	+0.062%	$12K	$1.7M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.20	+0.286%	$43K	$683K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.11	+0.258%	$999	$794K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.51	+0.066%	$90.8M	$493.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.52	+0.070%	$68.5M	$147.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	+0.064%	$25.9M	$119.9M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	314.30	long leg	$12.9M	$49.9M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	314.42	+0.038%	$110.2M	$143.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.56	+0.083%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.36	+0.019%	$35.1M	$56.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.61	+0.099%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.75	+0.144%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.89	+0.189%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.44	+0.045%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.99	+0.220%	$76K	$857K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.90	+0.192%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.43	+0.041%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.99	+0.220%	$110K	$534K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.40	+0.032%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	314.63	+0.104%	$173K	$998	3x
Orderly PERP_TAO_USDC	+0.0130%	4h	314.59	+0.092%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0148% / S +0.0124%	1h	314.57	+0.086%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0172%	8h	315.53	+0.391%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0182%	1h	315.29	+0.314%	$802K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0213%	4h	314.96	+0.211%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0232%	1h	314.41	+0.037%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0246%	1h	314.74	+0.140%	$92.6M	$106.4M	5x	as long as short
Bulk TAO-USD	+0.0285%	1h	315.07	+0.245%	$167K	$2K	10x	as long as short
01 Exchange TAOUSD	+0.0288%	1h	315.23	+0.296%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0296%	1h	314.77	+0.149%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.40	+0.668%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.48	+0.375%	$99K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0349%	1h	314.62	+0.102%	$315K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.54	+0.395%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	314.92	+0.197%	$5.7M	$10.0M	—	as long as short
Phoenix TAO	+0.0581%	1h	314.90	+0.191%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.03	+0.231%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.25	+0.302%	$436K	$654K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.91	+0.512%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.788%	$23K	$2K	12x	as long as short