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 0.000%

Price spread now: edgeX against Gate+0.775%67s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.585% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.359%−$36 · spread now +0.775%, 7d avg +0.057%

Together, before fees−0.390%+ Points / potential airdropedgeX: Active · farm board−$39 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: edgeX is 0.719% dearer against Gate than usual: you sell high and buy low, +$72 on $10k if it goes back to its 7-day average of +0.057%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	311.70	0.0100	pay 0.0050% / 4h	54m 13s	$12.5M	$48.5M	50x
Short	edgeX TAOUSDC	314.12	0.0100	get 0.0050% / 4h	54m 13s	$41K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.775%Rate

Funding earned: $0
Price spread: +0.775% → +0.057%: $71.85
Slippage, 4 orders: −$34.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $13.32
Costs to cover: 0.585%
Break-even: from the start

Slippage from Gate: live order book, 5 min ago; edgeX: live order book, 24 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, 5 min ago	1.59 bp	19.1 bp −$19	43.9 bp −$439	68.4 bp −$6,843	106.4 bp −$53.2K
Sell edgeX live order book, 24 min ago	6.54 bp	11.1 bp −$11	26.0 bp −$260	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
Bulk TAO-USD	−0.1120%	1h	305.94	−1.848%	$164K	$52K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.05	+0.433%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.74	+0.014%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	308.73	−0.953%	$22K	$259	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.77	+0.022%	$40K	$555K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.43	+0.555%	$370K	$370K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.09	+0.125%	$88.4M	$420.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.07	+0.119%	$60.8M	$123.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.064%	$25.0M	$99.2M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	311.70	long leg	$12.5M	$48.5M	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	312.09	+0.125%	$119.4M	$125.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.96	+0.083%	$19.0M	$27.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.84	+0.045%	$34.8M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.92	+0.071%	—	$30.3M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	314.12	+0.775%	$41K	$278K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	314.40	+0.867%	$520K	$950K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	311.85	+0.048%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.78	+0.026%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.37	+1.177%	$127K	$392K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.68	−0.006%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.11	+0.132%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	311.59	−0.035%	$824	$528K	5x	as long as short
Bullet TAO-USD	+0.0112%	1h	312.00	+0.096%	$11K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0112%	1h	311.92	+0.071%	$76K	$539K	5x	as long as short
Variational Omni TAO	+0.0177%	4h	314.40	+0.867%	$3.9M	$6.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	311.83	+0.041%	$19K	$1.4M	25x	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	313.07	+0.441%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	312.22	+0.167%	$81K	$644K	5x	as long as short
Aster TAOUSDT	+0.0214%	4h	311.98	+0.089%	$1.1M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.05	+0.754%	$4.3M	$9.8M	100x	as long as short
ApeX Omni TAOUSDT	+0.0361%	1h	314.07	+0.760%	$47K	$269K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	311.95	+0.080%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0474% / S −0.0175%	1h	311.67	−0.009%	$447K	—	100x	as long as short
Phoenix TAO	+0.0521%	1h	313.80	+0.674%	$328K	$521K	5x	as long as short
Nado TAO-PERP	+0.0619%	1h	311.90	+0.063%	$835K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0644%	1h	314.18	+0.796%	$301K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	311.77	+0.021%	$359	—	20x	as long as short
Extended TAO-USD	+0.0784%	1h	311.95	+0.082%	$864K	$2.1M	25x	as long as short
01 Exchange TAOUSD	+0.0936%	1h	312.29	+0.189%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	312.45	+0.241%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	311.89	+0.061%	$429K	$536K	5x	as long as short
Lighter TAO	+0.1384%	1h	312.46	+0.243%	$1.6M	$5.7M	5x	as long as short
Hyperliquid TAO	+0.2314%	1h	312.47	+0.247%	$97.8M	$82.6M	5x	as long as short