Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Gate−0.032%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.032%, 7d avg +0.007%

Together, before fees+0.140%+$14 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: Bitget is 0.039% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	313.50	0.0100	pay 0.0050% / 4h	9m 57s	$12.5M	$50.3M	50x
Short	Bitget TAOUSDT	313.40	0.0100	get 0.0050% / 4h	9m 57s	$35.0M	$46.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.007%: −$3.88
Slippage, 4 orders: −$25.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.21
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	3.21 bp	20.1 bp −$20	43.0 bp −$430	54.8 bp −$5,481	90.1 bp −$45.0K
Sell Bitget live order book, 4 min ago	0.32 bp	8.4 bp −$8	13.7 bp −$137	25.9 bp −$2,588	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
Bulk TAO-USD	−0.2753%	1h	312.56	−0.300%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.55	−0.302%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	313.24	−0.084%	$27K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−0.453%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.44	−0.019%	$37K	$566K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.06	−0.140%	$370K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.68	+0.056%	$89.0M	$428.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.87	+0.118%	$61.9M	$125.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	−0.032%	$25.2M	$101.9M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	313.50	long leg	$12.5M	$50.3M	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	313.56	+0.019%	$111.1M	$131.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.59	+0.029%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	313.40	−0.032%	$35.0M	$46.9M	50x
BingX TAO-USDT	+0.0100%	4h	313.56	+0.019%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.46	−0.651%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.99	−0.483%	$518K	$944K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.38	−0.676%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.60	+0.032%	$77K	$450K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.40	−0.032%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.24	−0.083%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.09	−0.131%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	+0.399%	$128K	$415K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.14	−0.115%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.59	+0.029%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	313.29	−0.067%	$1K	$564K	5x	as long as short
Aster TAOUSDT	+0.0162%	4h	313.51	+0.004%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	313.10	−0.128%	$446K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.48	−0.006%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	313.23	−0.086%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0216%	4h	312.58	−0.294%	$3.9M	$7.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0218%	1h	313.25	−0.081%	$20K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.30	−0.383%	$4.3M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0436%	1h	313.43	−0.022%	$824K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.25	−0.079%	$5.7M	$19.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0522%	1h	313.59	+0.029%	$293K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.40	−0.351%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	313.68	+0.057%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.40	−0.032%	$360	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	313.52	+0.007%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.20	−0.096%	$1.5M	$5.7M	50x	as long as short
Lighter TAO	+0.1224%	1h	313.72	+0.069%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.44	−0.019%	$415K	$585K	5x	as long as short
Hyperliquid TAO	+0.1590%	1h	313.96	+0.147%	$98.4M	$84.7M	5x	as long as short