Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Gate−0.324%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.324% cheaper against Gate than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	320.50	0.0100	pay 0.0050% / 4h	3h 10m	$15.2M	$50.5M	50x
Short	gTrade (Gains Network) TAO/USD	319.46	L +0.0004% / S −0.0003%	get 0.0000% / 1h	10m 39s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.324%Rate

Funding earned: −$20.32
Price spread: −0.324% → 0.000%: −$32.45
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$77.77
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	3.14 bp	15.4 bp −$15	33.2 bp −$332	60.4 bp −$6,039	97.7 bp −$48.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0269%	1h	313.94	−2.047%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0003%	1h	319.46	−0.324%	$20K	—	150x
Popdex TAOUSDT	+0.0096%	1h	320.75	+0.078%	$49K	$697K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	320.70	+0.062%	$70.2M	$154.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.70	+0.062%	$26.6M	$129.6M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	320.50	long leg	$15.2M	$50.5M	50x
KuCoin TAOUSDTM	+0.0100%	4h	320.50	0.000%	$17.5M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.53	+0.009%	$36.1M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.40	−0.343%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.53	−0.303%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.13	−0.427%	$116K	$546K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.54	−0.300%	$3.2M	$8.2M	50x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	320.78	+0.087%	$3K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.93	−0.177%	$176K	$998	3x	as long as short
Binance TAOUSDT	+0.0162%	4h	320.71	+0.066%	$93.4M	$516.8M	75x	as long as short
MEXC TAO_USDT	+0.0162%	4h	320.78	+0.087%	$113.3M	$154.7M	300x	as long as short
edgeX TAOUSDC	+0.0165%	4h	318.91	−0.497%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0166%	4h	320.70	+0.062%	—	$38.8M	—	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	320.73	+0.071%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0242%	4h	319.74	−0.237%	$54K	$271K	10x	as long as short
Bullet TAO-USD	+0.0289%	1h	319.79	−0.222%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0292%	1h	319.06	−0.449%	$45K	$256K	50x	as long as short
Aster TAOUSDT	+0.0329%	4h	320.64	+0.044%	$1.3M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0332%	4h	319.18	−0.410%	$541K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	320.20	−0.093%	$363K	$437K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0109%	1h	319.45	−0.329%	$379K	—	100x	as long as short
BloFin TAO-USDT	+0.0403%	4h	319.69	−0.253%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	320.98	+0.150%	$101K	$340K	5x	as long as short
Extended TAO-USD	+0.0408%	1h	320.63	+0.039%	$968K	$2.3M	25x	as long as short
Nado TAO-PERP	+0.0431%	1h	320.72	+0.068%	$753K	$2.0M	10x	as long as short
dYdX TAO-USD	+0.0440%	1h	320.15	−0.109%	$129K	$87K	5x	as long as short
Phoenix TAO	+0.0578%	1h	319.80	−0.218%	$322K	$714K	5x	as long as short
Variational Omni TAO	+0.0591%	4h	319.75	−0.233%	$5.6M	$9.8M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0595%	1h	319.74	−0.236%	$9K	$1.8M	25x	as long as short
Lighter TAO	+0.0624%	1h	319.77	−0.227%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0639%	1h	320.27	−0.072%	$95.2M	$109.8M	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	321.08	+0.181%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	319.67	−0.258%	$368	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0736%	1h	319.80	−0.218%	$317K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0778%	1h	319.75	−0.233%	$6.1M	$20.9M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	320.65	+0.048%	$438K	$714K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.22	−0.087%	$1.1M	$7.4M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	+0.661%	$23K	$2K	12x	as long as short